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Tag Archives: Partnership Fund

David Saganelidze: Launch of New Pharmaceutical Plant will Half Drug Cost

Saganelidze

Executive director of Partnership Fund regards that launch of new pharmaceutical plant will half drug cost. David Saganelidze has declared during the submission of development project of medical clinics by AlphaMedic Consortium. “The fund has successfully started a project, which envisages medical price reduction. The population has already noticed that …

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Large Shopping Mall Opens in Zugdidi

Partnership Fund finished construction of Shopping Mall in village Rukhi, Zugdidi region and started preparation for its operation. According to the Fund, the trade center is multi-functional; total area of the building is 10 000 square m; the complex is represented by 10 buildings in total; the whole recreation area …

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First High Class Hotel Opens in Abastumani

Abastumani Hotel

Partnership Fund jointly with company “Redix Group” works on the first high-class hotel in Abastumani. According to the project, 4-star hotel will be built in Daba Abastumani,  Agobila settlement. As of the Fund, 160-room hotel includes café-restaurant, conference hall, meeting room, swimming –pool, bar, fitness club and SPA. George Cherkezishvili, …

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Aerated Concrete Blocks to Be Produced in Georgia

A Ytong plant for production of energy efficient aerated concrete blocks will be built near Tbilisi, citing Georgia’s Partnership Fund JSC. Construction of the plant, with a total value of $13.5 million, is planned to be completed before late 2016. The first certified products will be manufactured in early 2017. …

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Construction of YTONG Factory is Under Consideration in Georgia

Partnership Fund

 Partnership Fund considers project of Ytong’s energy efficient block. Partnership Fund, Georgian company “Ytong Caucasus” and German company “Xella” work jointly on a project of 13,5 million. Construction of the plant is planned at the nearby area of Tbilisi. According to the project, construction of the plant should be finished until the …

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Georgia Develops Healthcare Facilities

Sergeenko Saganelidze

Georgia is taking its steps to develop healthcare clinics throughout the country. Georgia’s Ministry of Healthcare and Partnership Fund carried out negotiations with Austrian healthcare infrastructure and service delivery company Alpha Medic Consortium. Georgia’s healthcare Minister David Sergeenko, together with deputy minister Valeri Kvaratskhelia met with representatives of Partnership fund and …

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Georgia Develops Middle Market Sector: Park Inn By Radisson Planned to Open

Radisson

Partnership Fund together with local investment company “Block Invest” is working on opening three star hotel, Park Inn By Radisson. According to Partnership fund, they will build a 200-room hotel with cafe-restaurant, conference halls meeting rooms and etc. Director of investment department of Partnership Fund Giorgi Cherkezishvili says that Georgia is in …

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Economy of Georgia in 2015: Natia Turnava Assesses the Year

Natia TurnavaNatia TurnavaNatia TurnavaNatia TurnavaNatia TurnavaNatia TurnavaNatia TurnavaNatia TurnavaNatia TurnavaNatia TurnavaNatia TurnavaNatia Turnava

GDP rose by 2.8% (averaged indicator for January to October period in 2015) after 4.5% upturn in 2014. Foreign direct investments declined by 17% to 1.019 billion USD (the January to September indicators), foreign trade plunged by 14%, while international tourism turnover rose by about 7% – these indicators reflect …

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Partnership Fund Begins two Major Projects in Georgia

partnership fund Georgia

Georgia’s state-owned shareholding company, the Partnership Fund (PF), is teaming up with local company Gino Invest to implement two major projects in Georgia. One project envisioned building an Eco Green City near Tbilisi Sea territory while the other was about building several spa-hotels in different regions of Georgia. The Tbilisi …

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