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Daily Archives: November 26, 2018

Russia-Ukraine Conflict will Essentially Shake Georgian Economy

Russia-Ukraine conflict will essentially hit economy of Georgia, Kakha Gogolashvili, director for Georgian Foundation for Strategic and International Studies, noted. This will happen if the escalation reaches the phase when, Georgia will have to join the sanctions against Russia. Georgia depends on Russian market. Consequently, in case of sanctions, naturally, …

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Hotel Autograph Collection Builds Hotel in Abastumani

With the initiative of the Georgian Tourism Development Fund, a 5-star hotel of Marriott International Network Autograph Collection will be built in Abastumani. The 140-room hotel will have a spa, pool, restaurant, conference hall, terrace 360-degree view, etc. Surrounded by coniferous forest, the hotel will be located on 10 000 …

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Outdoor Wrestling Arena Constructed in Borjomi

With the support of the EU and Borjomi Municipality, an outdoor wrestling arena has been constructed in Akhaldaba village as part of a rural development project under the European Neighbourhood Programme for Agriculture and Rural Development (ENPARD). According to ENPARD, the newly built arena meets the standards of Georgian wrestling. …

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Transportation of Oil and Oil Products Declines in Georgian Corridor

Transportation of oil and oil products through Georgian corridor has fallen to minimum. Paata Tsagareishvili, founder of Transport Corridor Research Centre and the HUB Georgia expert told BM.GE that all three seaports of Georgia (Batumi, Poti, Kulevi) handled 31% less oil and oil products in January-October, as compared to the …

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Bins for Waste Separation Placed in Tbilisi

Bins for waste separation have been placed in Tbilisi. Deputy Mayor of Tbilisi Maia Bitadze got familiarized with the working process at Tamarashvili Street in Vake district. Pursuant to her, each residual that will be placed in this stands will be processed as a secondary product. “It is very important …

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Territorial integrity and European and Euro-Atlantic integration Remain Foreign Policy Priorities of the Georgian Parliament

Legislative steps and actions needed to restore Georgia’s territorial integrity, support de-occupation, contribute to the country’s European and Euro-Atlantic integration, deepen strategic partnership with the United States and strengthen regional cooperation were named among top priorities to shape a legislative aspect of Georgia’s foreign policy in the next two years. …

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Government Plans to Privatize Post of Georgia and Georgian Railway

Government of Georgia plans to privatize Post of Georgia and Georgian Railway, Minister of Economy Giorgi Kobulia told the Bloomberg. Government also plans to privatize State Electrosystem, the process suspended in 2011 amid the market challenges, he added. “We should increase efficiency of these companies to privatize them”, Kobulia said. …

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Fitch Revises Georgian Railway’s Outlook to Positive; Affirms at ‘B+

Fitch Ratings has revised JSC Georgian Railway’s (GR) Outlook to Positive from Stable while affirming the entity’s Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at ‘B+’. GR’s senior unsecured debt ratings have been also affirmed at ‘B+’. A full list of rating actions is at the end of …

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In Discrimination Lawsuit the Judge Considered BP as Main Respondent

The Tbilisi City Court is considering, the plaintiff, Vakhtang Pirmisashvili, under the advocacy of GTUC, the lawsuit against BP Exploitation (Caspian Sea) Limited, BP Exploitation (Caspian Sea) Limited Georgia Tbilisi Branch and their recruitment agency HRRA Ltd. This dispute is under judicial proceedings since June 2016, when the Deputy Chairman …

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