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Tag Archives: Irakli Gilauri

M2 Acquires Land Plot for Hotel and Office Space Development

Georgia Capital PLC (the Group or Georgia Capital), announces that the Group’s hospitality &  commercial real estate business, owned through m2 (“m2 ” or the “Company”), has acquired a 4,946 sq.m. land plot in the centre of Tbilisi for a total cash consideration of US$ 5.34 million. The Company intends …

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Annual Incomes of Two Georgian Bankers Exceed 9 million USD

The incomes of BGEO Group and TBC Bank top managers grow on annual basis. The Commersant has obtained previously unknown information about the wages of BGEO General Director Irakli Gilauri and TBC Bank General Director Vakhtang Butskhrikizde. This information is based on annual reports from 2017 by BGEO Group and …

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BGEO Awarded Top Management with Shares of 4.9 MLN GBP

BGEO Awarded Top Management with Shares of 4.9 MLN GBP

Top Management of BGEO Group were awarded with shares as bonuses. The shares of leading banking-finance group were given to Irakli Gilauri, General Director, as well as members of directorate: Avtandil Namicheishvili, Kakha Kiknavelidze (CEO of Bank of Georgia), Davit Tsiklauri, Giorgi Alpaidze and Eka Shavgulidze. The managers received shares …

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Georgian Capital to Allocate 200 USD Mln in Wind Power Projects

“Georgian Capital” will invest 200 million dollars in wind projects – Irakli Gilauri, Director General of Investment Company “Georgian Capital” said. According to him, the energy sector deals with the construction of 250 MW power plants and wind power stations. “At this stage we have a 9-month surveillance of wind …

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Chairman Irakli Gilauri Leaves Bank of Georgia

Irakli Gilauri

Within the division of BGEO, changes in the Bank’s Supervisory Board have already been officially registered. Irakli Gilauri moved to the Bank of Georgia’s Supervisory Board from September 2015, before that, he served as the General Director of “Bank of Georgia”from May 2006 to September 2015. Who will replace Gilauri …

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Irakli Gilauri: Divided Companies Will be More Successful

The Devaluation Revealed the Strongest Economy of Georgia

After the division BGEO Group as investment and banking businesses, chairman of BGEO Investment expects more successful time for both of the companies. Irakli Gilauri says that investors also assess the division positively, as recently prices of stock increased by 4% I think that division will be reflected in a …

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GGU Will be Fourth Company To Be Listed on LSE

BGEO Investment prepares its businesses for IPO. Chairman and Chief executive officer, Irakli Gilauri says that company continues investing in energy field. “GGU is our fourth company to be listed on London Stock Exchange, company will continue to invest in energy sector, we look positively towards energy direction, he says. IPO …

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Georgian Lender BGEO Increase Porfit and Revenue in First Quarter

Georgian Lender BGEO Increase Porfit and Revenue in First Quarter

Georgian banking and investment firm BGEO Group PLC said Wednesday it increased its pretax profit and revenue in the first quarter of 2017. FTSE 250-listed BGEO reported a pretax profit of GEL113.3 million for the three months to March 31, or approximately GBP35.8 million. This was up 17% from GEL97.0 …

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We will Make Focus on New Energy Sources in 2017

BGEO Group plans to make focus on wind power generation in Georgia. BGEO Group director general Irakli Gilauri told BusinessContract. BGEO will make accents on energy projects, including the group is interested in wind power potential and feasibility studies will be carried out to this end. “This year we will …

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Murtaz Kikoria Appointed as CEO of BoG

Murtaz Kikoria-BoG

Murtaz Kikoria has been nominated as the new Chief Executive Officer of Bank of Georgia. Kikoria will take over Irakli Gilauri’s former position, while Gilauri will become a board member of the Bank. Prior to this nomination, Kikoria occupied the post of a Deputy Executive Officer since December 2014. Prior …

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Commercial Bank CEO’s : On the Verge of Taking Decision

Commercial Banks Request Strong Arguments for Depriving the National Bank of Supervisory Functions In the near future the Georgian parliament will discuss the bill for separating the bank sector supervisory functions from the National Bank of Georgia (NBG). The bill has been developed by Tamaz Mechiauri, a head of the …

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