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Updated: 2 hours 28 min ago

Silknet to Launch Merger Process with Geocell

Thu, 08/16/2018 - 17:49
Tbilisi (GBC) – Silknet cell communications company plans to launch merger process with Geocell.

Only One New Entry Registered in Top 10 List of Major Investors

Thu, 08/16/2018 - 17:15
Tbilisi (GBC) - Amid growing investment inflows to Georgia, names of major investment companies remains the same.

Company of Parliament Member Ioseb Makrakhadze Wins 2.75 million GEL Contract

Thu, 08/16/2018 - 17:05
Tbilisi (GBC) – The company owned by parliament member Ioseb Makrakhadze has won a 2.75 million GEL contract of Road Department.

The Official Ground Breaking Ceremony held for the Georgian-Austrian School Pesvebi on August 15, 2018 

Thu, 08/16/2018 - 16:27
Tbilisi (GBC) - Gazelle Finance Georgia has invested USD 600,000 in the Georgian-Austrian School Pesvebi. This financing allows the school to upgrade its facilities to meet modern educational standards, in time for the start of the 2018-2019 school year. By improving the school’s infrastructure and curriculum, the school will be better positioned over the coming years to attract new students and increase enrollment to reach its maximum capacity.

Georgian Polymer to Expand Plant for Processing Used Polyethylene

Thu, 08/16/2018 - 15:58
Tbilisi (GBC) – Georgian Polymer company plans to expand the plant and launch processing of used polyethylene and polypropylene wastes.

Karseladze: This Route of Kvesheti-Kobi Motorway is the Most Balanced Alternative

Thu, 08/16/2018 - 14:37
Tbilisi (GBC) – Ministry of Environment Protection and Agriculture has hosted discussions on the scoping report covering the 22.7 kilometer section of Kvesheti-Kobi motorway. The meeting participants discussed final directions and alternatives of this project.

BANK OF GEORGIA INTERIM PROFIT RISES ON STRONG GEORGIAN ECONOMY

Thu, 08/16/2018 - 14:31
Tbilisi (GBC) - Bank of Georgia Group PLC on Thursday reported an increase in interim profit as lending grew.

January-July Revenues from Tourism Sector Made up 1.8 billion USD

Thu, 08/16/2018 - 13:33
Tbilisi (GBC) – Revenues from tourism sector maintains a good trend for growth.

OPIC May Finance Bulk Cargo Terminal Project in Poti Seaport

Thu, 08/16/2018 - 13:32
Tbilisi (GBC) – The Overseas Private Investment Corporation (OPIC) may finance a construction of bulk cargo terminal at Poti Seaport.

AZAL to restore flights on Baku-Tbilisi-Baku route

Wed, 08/15/2018 - 22:10
Tbilisi (GBC) - Starting October 28, 2018, Azerbaijan Airlines (AZAL) will restore flights on route Baku-Tbilisi-Baku.

Bloomberg: Georgian GEL was the World’s Best Player before August

Wed, 08/15/2018 - 17:11
Tbilisi (GBC) - The week Georgia marked a decade since its war with Russia, it found its currency under assault from the neighbor to the south.

OPIC to Invest about 100 million USD in Anaklia Seaport Construction

Wed, 08/15/2018 - 17:09
Tbilisi (GBC) – The Overseas Private Investment Corporation (OPIC) plans to invest about 100 million USD in Anaklia seaport development.

National Bank Sets New Requirements to Commercial Banks

Wed, 08/15/2018 - 16:57
Tbilisi (GBC) – National Bank of Georgia (NBG) plans to tighten requirements on risk positions secured by residential real estate for satisfying capital adequacy standards.

Money Transfers from Abroad to Georgia Marked 144.3 million USD in July

Wed, 08/15/2018 - 16:13
Tbilisi (GBC) – Money transfers to Georgia from abroad increased in July 2018.

GHG Notifies Investors about Two-digit Upturn

Wed, 08/15/2018 - 15:54
Tbilisi (GBC) – Georgian Healthcare Group (GHG) has released statement on successful completion of the first half of 2018.

Transport and Communications Sector Emerged as Most Attractive Direction for Investors in 2017

Wed, 08/15/2018 - 13:45
Tbilisi (GBC) – In 2017 the transport and communications sector turned out the most attractive direction for Investors.

G&T Expects Wholesale Price of Natural Gas to Rise to 136.7 USD after 2020

Wed, 08/15/2018 - 13:43
Tbilisi (GBC) – Galt & Taggart expects natural gas price to increase by 2020. This forecast is given in the report prepared by Georgian Oil and Gas Corporation (GOGC).

Averaged Price for Electricity Exports from Georgia Made up 3.2 Cents

Wed, 08/15/2018 - 13:41
Tbilisi (GBC) – Averaged price for exports of electricity from Georgia per kilowatt/hour made up 3.2 USD.

Investment Inflows in 2017 Made up 1.88 billion USD

Wed, 08/15/2018 - 13:04
Tbilisi (GBC) – According to the final report, in 2017 foreign direct investment (FDI) inflows to Georgia made up 1.88 billion USD, up 20.6% compared to the 2016 indicators and up 1.4% compared to the 2017 indicators.

Four New Hydro Power Plants Launched Operation in 2018

Wed, 08/15/2018 - 13:03
Tbilisi (GBC) – Number of hydro power plants in Georgia has increased to 80 ones.