Liberty Bank director general Aleksi Khoroshvili introduced three new brand envoys at the bank’s head office: Nino Khomeriki (chess player), Mzia Beboshvili (judoka) and Elene Midelashvili (astrophysicist). “Liberty Bank’s new envoys are talented persons that strive for success with full essence and huge efforts. The victory and advancement of gifted …
Read More »Daily Archives: March 31, 2016
Black Sea Rivera to Build Hotel in Ganmukhuri
Ltd. Black Sea Rivera will build at least 120 room hotel complex in Ganmukhuri. The company was named as the winner of electronic auction that was held by the Ministry of Economy and Sustainable Development. Real Estate combines 33951 sq.m. non – agricultural land and the buildings, while its initial market value …
Read More »Two Reasons for Moscow to Resume South Stream Project
Despite the fact that the European Union is ready to resume talks with Russia over the South Stream gas pipeline, the project should fully comply with the rules of the Third Energy Package, independent European Researcher Andreas Marazis believes. Meanwhile Russia’s unwillingness to meet its requirements was the reason why …
Read More »Hammond: Georgia is The Most Business-Friendly Country
According to the statement of Philip Hammond, who is a British conservative politician, the secretary of state for foreign and commonwealth affairs since 15 July 2014, Georgian economy and political reforms have made tremendous progress. Hammond made an announcement on the briefing that was held after the meeting with Georgian Prime …
Read More »Georgia and Korea Sign Double Taxation Prevention Agreement
On March 31 Georgian Finance Minister Nodar Khaduri and Korean Republic vice Prime Minister YOO IL HO signed an agreement on Prevention of Double Taxation and Tax-payment Evasion. The parties also discussed economic cooperation enhancement issues and opportunities for attracting investments. Georgian Ambassador to Korean Republic Nikoloz Apkhazava also attended …
Read More »SOCAR Expects to Resolve DESFA Issue by Late 2016
The acquisition issue of 66 percent stake of Greece gas distribution network operator – DESFA by the State Oil Company of Azerbaijan Republic (SOCAR) and sale of 17 percent share to European companies can be solved by late 2016, the website Natural Gas Europe reported March 31 quoting sources in …
Read More »Philip Hammond About UK Committment to Supporting Georgia’s Territorial Integrity
Britain is “committed” to supporting Georgia’s “territorial integrity”, Philip Hammond has warned Vladimir Putin during a visit to the state. Conflicts in breakaway regions Abkhazia and South Ossetia have not been forgotten, the Foreign Secretary insisted as he met Prime Minister Giorgi Kvirikashvili for talks. Tensions between Russia and Georgia …
Read More »GOOGLE Special Website to Publish Unique Samples of Georgian National Treasure
The Georgian Arts Palace and Google have signed an agreement”, the Georgian Arts Palace released a special statement. The Google Cultural institute will launch cooperation with state museum of theater, music, cinema and choreography of Georgia. The Google Cultural Institute is the world’s major art virtual union and the Georgian …
Read More »TBC Bank Named as Best Bank for 2016
The Global Finance, the world’s influential financial magazine, has named TBC Bank as the best bank for 2016. In its exclusive research, the Global Finance named winner commercial banks in the emerging markets. Over the past 5 years on end TBC Bank has won the best bank’s nomination. In whole, …
Read More »Caucasus Nature Fund Allocated Grant to Agency of Protected Areas of Georgia
Caucasus Nature Fund allocated a total of new grant of 662 500 EUR to Agency of Protected Areas of Georgia. According to the agreement, the Agency will spent the sum on infrastructure renovation-development of Borjom-Kharagauli, Pshav-Kevsureti and Mtirala National Parks. The agreement is valid from 2016 to 2018. The grant …
Read More »Rustavi Nitrogen Will get 155 Million From EBRD
One year negotiations held between European Bank for Reconstruction and Development (EBRD) and Rustavi Nitrogen has come to an end. The sides have achieved an agreement, that works on the contract between biggest chemical company and European Bank will be finished within 2 months. Partnership Fund has supported finishing of …
Read More »Georgia to Receive Natural Gas from South Caucasus Pipeline starting 2018
The South Caucasus gas pipeline expansion works have entered an important phase. Under the project, the gas pipeline transportation capacity will increase to 16 billion cubic meters as part of the second phase of the Shah-Deniz project. The rehabilitated pipeline will transport natural gas from the Caspian Sea to Europe …
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