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Daily Archives: December 17, 2018

Fitch Affirms Halyk Bank Georgia at ‘BB-‘

Fitch Ratings has affirmed Halyk Bank Georgia’s (HBG) Long-Term Issuer Default Rating (IDR) at ‘BB-‘ with a Positive Outlook. Fitch has also assigned the bank a Viability Rating (VR) of ‘b+’. A full list of rating actions is at the end of this rating action commentary. HBG’s IDRs and Support …

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Government Plans to Issue so-called Green Bonds

Government of Georgia plans to issue the so-called Green Bonds, Natia Turnava, Minister of Economy and Sustainable Development of Georgia, noted at the parliament’s committee for sectoral economy and economic policy, when talking about guaranteed procurement in the power sector. The existing practice calls for providing certain guaranteed procurement for …

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Two Young Women Build Hotel Complex in Bakuriani by EU Grant

A new hotel complex will launch operation in Bakuriani in summer 2019. The hotel was built by two young women by EU grant. The complex unites three 11-suite cottages and is able to host 22 persons simultaneously, Irina Mshvenieradze, one of the founders of the hotel complex told BM.GE, who …

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Showroom of 5-Star Tbilisi Waterfall Hotel is Ready

The construction company “RRestate” will complete its first project in July 2019. As they say, their project will be a 5-star hotel “Tbilisi Waterfall”. Besides other important offers, the project is distinguished by the fact that 15th floor of the building will cover a pool with a 10 meter waterfall. …

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EE Real Estate Forum & Project Awards 2018

On November 26th the IV EE Real Estate Forum & Project Awards 2018, the largest real estate event in Ukraine, took place. The event was organized by URE Club and Europaproperty.com for the fourth year in a row. This year the event was attended by over 200 leading experts from …

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Gas Storage Facility Opening Rescheduled for 2023

The underground gas storage facility will launch operation in 2023, Natia Turnava, Deputy Minister of Economy and Sustainable Development, noted at the parliament’s committee for economy and economic policy, when introducing a repot on performed job. “Underground gas storage facility is being developed due to the plan, in line with …

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First International Saperavi Competition Held in Tbilisi

On December 15-16, The First International Saperavi Competition is held in Tbilisi. The event is organized by Association “Georgian Wine”, supported by the Ministry of Environment Protection and Agriculture of Georgia and the National Wine Agency. First International Saperavi Competition aims to promote Saperavi as a leading Georgian grape variety …

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Memorandum of Cooperation Signed Between Georgia and Latvia Railways

David Peradze, General Director of JSC “Georgian Railway” and President of Latvian Railway, Edwin Berdin, signed a Memorandum of Cooperation in Riga, Latvia’s capital. The aim of the Memorandum is to develop bilateral cooperation between Georgia and Latvia railway and develop a preliminary framework agreement for the development of multimodal …

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