TBC Bank has revised service conditions for online loans companies. Clients of more than 20 quick loan organizations have to apply new tariff scheme. Commission fee for Vivus.ge borrowers was determined proportionally to the sum paid through TBC Pay terminal: 1 GEL for up to 100 GEL; 2 GEL for …

Recently Turkish company ENA textile has decided to open ZARA clothing factory in Ozurgeti, two days later another two Turkish brand Penti and Dagi initiated construction of clothing factory in Kutaisi. Turkish companies have initiated probable investment at Georgian international association of investors. According to chair, Osman Chalishkan association has provided Turkish …

An Ambrolauri airport runway with a 110-meter strip length and 30-meter strip width as well as a capacity to accommodate 19-seat type L 410 aircraft was constructed in a record-breaking 10 months. Ambrolauri Airport will be equipped with modern technologies and special vehicles. Over 30 persons will be employed. Investment …

Pobeda Airlines has performed its first direct flight on the route Rostov-Tbilisi-Rostov on November 1st. Flights will be performed three times a week, on Tuesdays, Thursdays and Saturdays with Boeing B737-800 type aircraft. TAV Georgia hosted the welcoming event held at Tbilisi International Airport in relation with the Pobeda Airlines …

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, …