The company is carrying out project works, for construction purposes, with the total capacity: on the river Kabali – 11.6 megawatt and on the river Nino Khevi – 1.99 Megawatt. HeretiEnergy is in the phase of ESEA working fulfillment. The company has signed a memorandum with government, on January 20, 2017 for the period of 10 years, with the guaranteed purchase.

Heretienergy is interested in finding a business partner and project implementation.

Zviad Chumburidze, as a Secretary General of EUGBC and representative of Selection Committee of Georgia’s International Education Center, addressed the society gathered at the Hungarian Embassy in Tbilisi.
The protocol event was referred to the amendments of bilateral education programme in which the Georgian partner has increased quota and the financial support for Hungarian schoolarships (from 5 to 10 graduates). 
Mr. Chumburidze underlined the importance of education for the development of the country. As he mentioned, Georgian-Hungarian relations are special in this direction.

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Mgaloblishvili Kipiani Dzidziguri (MKD) remains in the position of legal counsel to Black Sea Trade and Development Bank (BSTDB) and advised it in connection with its largest, GEL 120 million (equivalent of USD 50 million) bond issue in Georgia this year. The bond was admitted to the Category A listing and trading system of the Georgian Stock Exchange.

The allocated loan facility will be used by TBC Bank to finance investments and working capital needs of Georgian small and medium-sized businesses.

Providing local currency lending to Georgian SMEs will help domestic private sector to overcome foreign exchange rate fluctuation risks, a challenge often faced by businesses and supports the Georgian Government’s de-dollarization program which facilitates local capital market and will contribute to the country’s sustainable economic development, growth in jobs and real incomes.

MKD team led by partner, Victor Kipiani and lawyer, Giorgi Kankava provided legal assistance to BSTDB during the transaction and added yet another successfully closed deal to the firm’s capital markets’ work portfolio.


On June 19, EU-Georgia Business Council organized a Round Table meeting between Polish and Georgian business delegation.

Within the framework of the Round Table, representatives of Georgian Business Sector met the Delegation from Wielkopolska Region, one of the largest regions in Poland and held negotiations with them. Polish Business Sector representatives discussed the prospects of deepening business ties in Georgia and got acquainted with business environment in the country.

EUGBC Secretary General, Zviad Chumburidze announced POLISH-GEORGIAN BUSINESS FORUM to be held in Warsaw, on July 12, 2018. The forum will be organized by EU-Georgia Business Council, in close cooperation with the Embassy of Georgia to Poland. The General Partner of the Forum is IBCCS Georgia.

Round Table was followed by tasting Georgian Wine by “Winery Khareba”.

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