Daily News

IN THIS ISSUE:

I think we need more information about Georgia as a market and as a country to invest in, Swedish ambassador in Georgia Martina Quick said. I think many people in Sweden know too little about Georgia, including businessmen, she specified.

Tbilisi City Hall reported that its Architectural Service launches reform of services’ provision, which aims “to address current challenges faced by the customers and simplify and optimize service delivery process”. As the City Hall noted, reform itself has to be completed by the end of 2018.

National Bank of Georgia (NBG) declared about purchase of $10 million at the currency auction today. Average weighted exchange rate made up 2.4579 GEL/USD, NBG said.

Georgian Partnership Fund declared that it became owner of 100% of shares of JSC Borjomi Likani International. Commercial agreement between the Fund and the Kazakhstan’s KazMunaiGas-Service was signed on June 21 in Borjomi Likani hotel.

Stadler, Swiss manufacturer of railway rolling stock, plans construction of regional plant in Georgia. For that end, memorandum of cooperation was signed today between Stadler, Tbilisi City Hall and state-owned JSC Georgian Railway.

Georgian Oil and Gas Agency reported that Schlumberger Rustaveli Company Limited, Georgian subsidiary of the US oilfield services company Schlumberger, started drilling of the first exploratory well within an estimated stage of gas exploration program. Works are conducted on territory of the license block XIB in Patardzeuli (Kakheti region).

Fitch Ratings reported that it affirmed rating of Georgian telecom company SilkNet at “B+”, while removed it from Rating Watch Positive. The outlook is “stable”.

During summer navigation season of 2018, Georgian Myway Airlines will conduct regular flights between Georgia and Israel. The airline got flight permission on June 21.

Sakartvelos Banki (Bank of Georgia) declared that it supports financially Vaziani winery in implementation of investment agroproject. The company acquired 120 ha in villages Gremi and Eniseli, in Kindzmarauli zone of Kakheti region.

In the history of Cartu charity fund, “there is no precedent that the Fund stopped rendering monetary assistance to beneficiary because of his/her political views or world outlook”, administration of the fund assures.

The administration said that in the statement, released today in connection with assistance to film director Giorgi Shengelaia.