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Daily Archives: March 25, 2019

Startup Grind Tbilisi Hosts New Successful Georgian Startup Company

Startup Grind Tbilisi has hosted the world’s one of the most successful Georgian startupers Tamaz Giorgadze. The event was held at Rooms hotel and more than 500 guests attended the event, including startupers and domestic investors. The event was sponsored by Georgian Agency for Innovations and Technology, the US Embassy …

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Net Profit of Georgian Banks Declines

In February 2019, Georgian commercial banks made a profit of $ 55.7 million, which is 34.2 million less than in the same period of 2018. According to the National Bank of Georgia(NBG), the net loss of banks amounted to GEL 90 million, profit- GEL 324, 4 million, expenses – GEL …

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Batumi Nominated for World Travel Award – Voting to End on April

The city of Batumi has been nominated for World Travel Awards, the most influential tourism award in Europe. Sophia (Bulgaria), Matera (Italy), Baku (Azerbaijan), Ljubljana (Slovakia) and Kutna Hora (Czech Republic) will also compete with Batumi for the same award. The voting for Batumi is available on the official website: https://www.worldtravelawards.com/vote. …

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Batumi Bypass Road Construction Works Underway

The Road Department of Ministry of Regional Development and Infrastructure has been constructing a 14-km section of Batumi bypass road. At this stage, land works, underground crosswalks, bridges and tunnel construction works are being performed. Two-lane reinforcement concrete road will be constructed as part of the project, as well as …

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Recreational Park to be Arranged in Bakhmaro

Municipal Development Fund has announced a tender on the procurement of additional project, arranging recreational park in Bakhmaro. The cost of procurement is GEL 1,28 million. The aim of the project is to create an attractive environment for tourists. The park is located on the territory of the state property in …

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NATO Secretary General and Prime Minister Discuss Georgia’s Progress Toward Euro-Atlantic Integration

The process of Georgia’s NATO membership and the country’s progress toward Euro-Atlantic integration were discussed by Georgian Prime Minister Mamuka Bakhtadze and NATO Secretary General Jens Stoltenberg at the meeting held today at the Administration of the Government. The conversation emphasized Georgia’s successful implementation of its obligations and effective use …

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Developers Offer Better Conditions for New Apartments

Jus as with new residential buildings, the demand for used apartments has also declined in Tbilisi. In the first case, bank regulations aim to restrict crediting volume. In another case, apartment sales declined because of high prices. Zurab Eristavi, a representative of the Georgian National Real Estate Association, explains that …

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