With a total length of 37.5 km, the Shuakehvi Hydropower Plant (HPP) tunnel in Georgia is now the second longest hydropower tunnel in the world. The world’s longest hydropower tunnel is located in Iceland at the Kárahnjúkastífla Dam and has a length of 39.7 km. The third longest tunnel, with …

Tbilisi has hosted presentation of a Huawei exhibition vehicle for information and communication technologies of Central Asia and Caucasus. The event was held as part of “Huawei Information and Communication Technologies Exhibition Tour in Central Asia 2016″. The following officials made speech at the event: Liangdongbo (James) General director of …

“Thief in Lagodekhi”, written by Emmanuelle Chevallier, Julia Böttger and Raphela Holzer, is a book aiming to promote the Lagodekhi Protected Areas. Additionally, its objective is to raise awareness of the impacting environmental and waste management issues. On October 31, the managerial building of the Lagodekhi Protected Areas presented the “Thief …

Following microfinance organizations, credit organizations are also complaining about restricted market space because of dominant positions of commercial banks. Givi Korinteli, founder of First Credit Union, urges the Authorities to curb monopolistic positions of commercial banks and support credit unions. The regulator should act as an advisor rather than supervisor, …

China plans to invest 0.5 billion USD in the development of the Georgian tea-growing industry. The plan involves rehabilitating 11-15 hectare, tea-growing plantations and territories that are left unmanaged. The 15-year project calls for introducing new tea plantation breeds and equipment. Chinese investors pledge to put about 0.5 billion USD …

The Ukranian Real Estate Club (URE Club) and Europaproperty.com are hosting The Eastern European Asia Real Estate Forum & Project Awards (EEA Awards).  The event will involve over 250 local, regional and international guests. The event gathers leading developers and investors from Eastern European and Central Asia countries. The countries include Georgia, …

The depute of the Minister of Agriculture, Nodar Kereselidze had a meeting with an agriculture advisor from Jiangsu province, People’s Republic of China. Nodar Kereselidze talked about the better and deeper collaboration between Georgian and Chinese government in trade sector and focused on the growth of wine export to China. …

National Bank of Georgia (NBG) injected new 100-GEL banknotes in turnover. The new banknotes will run in turnover jointly with old patterns. The banknote is of violet color and its dimensions make up 70mmx142mm. The banknote foreside depicts the image of Shota Rustaveli with indication – Shota Rustaveli XII century, …

GLCC Law Firm and Irakli Gaprindashvili, its Managing Partner, were pursuing a court case against the Ministry of Finance and the Revenue Service of Georgia since 2013 to relieve one of the construction companies of excessive taxation. The case was about participation of a construction company in a condominium and …

Price of Bank of Georgia shares (BGEO LN) at London Stock Exchange (LSE) declined by 1.31% week on week (L/W +4.8%). Session week closed at 30.03 GBP (L/m +2.56% month on month). In the reporting week, deals were made on 240 000 shares (L/w – 270 000). Total capitalization made …

Believe Foundation will be hosting two Charity and Social Enterprise Training events in November, bringing together founders, directors, and senior managers of non-profits, social enterprises and other impact driven initiatives as well as CSR managers, leaders in corporates and in the public sector with an interest in working with Third …

At London Stock Exchange (LSE) more than 200 000 deals were made on TBC Bank shares. Price of TBCG LN shares has declined by 1.35% week on week, but increased month on month by 4.5%. Session week closed at 12.83 GBP. Price of shares ranged from 12.75 to 13.25 GBP. …