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Tag Archives: Radisson Blu

Silk Road to Invest 120 million USD in Tsinandali and Tbilisi Hotels Projects

Silk Road Group will invest 120 million USD in developing Tsinandali and Tbilisi hotels projects – Radisson BLU Telegraph and Radisson BLU Tsinandali, Silk Road Group head Giorgi Ramishvili said. Tbilisi-based 5-star hotel will comprise 200 suites and will be practically united with Radisson BLU Iveria hotel, Giorgi Ramishvili said. …

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Mountain Resorts Generate $50 million in the Georgian Economy

Mountain Resorts Generate $50 million in the Georgian Economy

The government wants to sharply increase revenues from private sector,  as well as maintain resorts. Minister of Economy has announced it while commenting about the memorandum, signed between “Maintain Resort Development Company” and company “Red-Co”. According to Kumsishvili, there is a potential to increase revenues 6 times from the resorts. …

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Silk Road Bank Sells the Bank

Silk Road Bank Sells the Bank

Silk Road Group sells the bank. Erkan Tatishev, chairman of Supervisory Board of the Group declares, that banking activity is not among their priorities. Negotiations are already held with European and American Funds. Tatishev is sure in the success of the deal. Silk Road Group continues investments in tourism and energy sector. Construction …

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