Tbilisi panorama project needs Improvement
10 April, 2014
Tbilisi panorama project needs Improvement
The Tbilisi Panorama project, a multi-functional complex supported by the Georgian Co-Investment Fund, needs a better feasibility study to get Tbilisi City Hall’s consent for construction. Bidzina Ivanishvili, Georgian billionaire and ex-Prime Minister, is one of the major investors of the project. Due to high public interest towards the project, the Tbilisi Territory Urbanization and Utilization Issues Regulatory Commission set up in the Tbilisi City Hall discussed the Tbilisi Panorama project in an open session on 7 April. The Commission
found the project far from perfect at the moment to give its consent on the implementation. A full list of required papers for the approval will be sent to GCF by the end of the week.
The Tbilisi Panorama project envisages construction of four big multi-functional centers in old Tbilisi (Freedom Square, Erekle Squire, Sololaki slope and Sololaki Gardens). The project will connect the central and historical parts of Tbilisi by cable ways and oblique elevators which will discharge downtown traffic even during the busiest hours of the day. The total accommodation of the project includes 270 square meters [of commercial, trade, business and hotel accommodations] and the total investments budget exceeds USD one billion. 36 000 trees are to be planted to make the capital’s ecosystem healthier and state-of-the-art underground parking infrastructure for 1800 cars will be developed. During the project presentation on 24 March GCF management underlined that this project will promote Tbilisi as a venue for international conferences and attract more tourists. The project is completely funded by GCF but other investors are welcome too. However, out of all investors only Ivanishvili’s name is known so far. GCF keeps other names secret because they care about the interests of the investors.
Conspiracy theories trigger public curiosity and the non-governmental sector asked for more transparency, open architectural competitions and mandatory public discussions. On the other hand, some architects, art connoisseurs and urban planners received the project proposal skeptically and called it a rude interference in the historical part of the capital, a follow up to the ex-power’s policy who already distorted the old Tbilisi view. They believe the project is better to be implemented in some other parts of the city rather than in the historical districts. To respond to the public requirements, the City Hall urbanization regulatory commission summoned all interested people to participate in the open discussion of the project on 7 April where it revealed that the project lacks the necessary papers for construction in a historical part of the capital and important landscape area. Therefore, the Tbilisi government withheld its consent for now.
“More research on the possible impact of the project on the environment, town traffic and other technical-economic research must be presented in order not to hamper the investments artificially and not distort the historical face of the town,” Irakli Abesadze, Head of the Commission, said. The city hall as well as the audience also inquired after the names of all the project investors, which upset GCF management. Giorgi Bachiashvili, Executive Director of GCF, questioned the city hall’s curiosity.
“It is ridiculous that the city hall is asking about this. Does it intent to invest in the project or what?” Bachiashvili inquired. “The city hall must not take an interest in such economic details. Who spends the money, why and how much is none of the City Hall’s business. As to the pure technical details, they will be scrutinized during the meeting and we will answer all questions.”
Zurab Bakradze, an urban designer, called the project impudent and called GCF management to rather spend millions on the development of the capital’s sewerage infrastructure.

Other Stories
Everything of comfortable life in one space – Second part of construction of one of the largest apartment complexes finished in Tbilisi
Apartment in ecologically clean environment, thousands of square meters of green yard, swimming pools, places for various sports activities, treks for walking and running, commercial spaces – all these available in one space is not a fantasy.
Batumi awarded Europe's Leading Emerging Tourism Destination 2019
World Travel Awards Europe Gala Ceremony 2019 took place on the 8th of June in Madeira, Portugal.
Coca Cola to open new factory in Georgia, will hire female drivers
Coca Cola is opening new factory in Georgia in December.
World's best party supply company now on the Georgian market
The largest party supply store in Georgia - MyDay is launching as the official distributor of AMSCAN from 2019.
Live as a marketing tool and an unprecedented live stream launched by Livetag
Sharing information has become smoother and more versatile in today’s technological world. Recently, live streaming, an online streaming media has become especially popular.
Theme and program of Caspian Energy Forum Tbilisi – 2019 changed
“The 8th International Caspian Energy Forum Tbilisi – 2019, scheduled for June 21, will focus on the development of the Azerbaijan-Georgia relations in the field of economy and energy”,
Misunderstanding over Poti deep sea ports
There was misunderstanding around deep sea ports in Georgia – in Poti.
High demand for dollars or the investment decline – Why Georgian Lari depreciates
$1 equals GEL 2,7470 in the official rate set by the National Bank of Georgia (NBG).
PSP Group confirms negotiations regarding purchasing of GEO Hospitals
PSP Group confirms negotiations regarding purchasing of GEO Hospitals.
New life to be given to Dashbashi Canyon
Georgia’s Agency of Protected Areas is planning to give new life to Dashbashi Canyon in Tsalka (southeastern Georgia).
Who is constructing “Khadori 3” Hydropower Plant in Pankisi Gorge?
Clashes broke out in Pankisi Gorge, Georgia’s northeastern region between special forces and residents
Business Positive – Successful radio program from Radio Positive
Starting point of radio program Business Positive is to meet interesting people, communicate with them and deliver information that is interesting for the audience.
A factory of electric vehicles to be built in Kutaisi
Prime Minister Mamuka Bakhtadze stated that a factory of electric vehicles will be built in Kutaisi at the presentation of the Aigroup business group.
Qvevri-shaped hotel complex to be built in Telavi
A Qvevri-shaped hotel complex is scheduled to be built in the village of Shalauri in Telavi, Kakheti (east part of Georgia).
Georgian designers presented at Fashion World Tokyo 2019
The products of 11 Georgian designers are showcased at Fashion World Tokyo 2019,
Silknet raises $200 million in Eurobond issue
27 March 2019 - JSC Silknet (“Silknet”), one of Georgia’s leading telecommunications operators, has successfully priced a debut $200 million 5-year 11% senior unsecured bonds issue (the “Notes”).
Pistachio trees will be planted in Georgia
Dozens of hectares of Pistachio are planned to be planted in Georgia this year.
Toyota Safety Sense and Hybrid Technology
Toyota Caucasus, has presented two new models the 5th generation RAV4 and the 12th generation Corolla at Rustavi International Motorpark, several days ago.
Bidzina Ivanishvili “became number one oppressor of businesses in Georgia” - ICC Georgia chairman Fady Asly
Mr. Ivanishvili promised the business community to protect them from harassment and pressure, unfortunately his words died with the sunset of that day
The best brands of Belarus will be exhibited on a large-scale exposition in Tbilisi
"The Belarusians like to come to Georgia to relax near the sea in Batumi as well as to stay in sunny Kakhetia."
Don’t treat business like a hooker! - Georgian businessman Vasil Soprpmadze addresses politicians
Businessman Vasil Sopromadze, founder of the company "Fresco", addresses politicians
RAV4 No Compromise and Corolla Set to Impress – Two New Cars Presented by Toyota
Toyota Caucasus, the company constantly aspiring to greatness, has presented two new models the 5th generation RAV4 and the 12th generation Corolla.
Mamuka Khazaradze quits TBC bank, does not sell the TBC Bank share
I made a decision to leave TBC bank where I spent 27 years of my life
10 Reasons to buy an apartment in the suburbs
There is a tendency for Tbilisi dwellers to move from central parts of the capital to the suburbs.
Georgian citizens are granted the right to work in France
The French Embassy in Georgia made remarks on granting Georgian citizens the right to work in France
GEL Exchange Rate
Other Stories
Recently Toyota rolled out Global Campaign under this slogan that reflects the Olympic and Paralympic Spirit of Encouragement,
A couple from Switzerland combines Swiss tradition and technology with Georgian products. Their cheese is made in the Georgian mountains and sold in local stores and hotels.
It has been more than five years since the residents of Lilo village, near Tbilisi, cannot open their windows.
63 000 GEL was received by the Georgian Agro Export Group which is just a small part of the European Neighbourhood Programme for Agricultural and Rural development.
Georgian entrepreneur Guka Tavberidze, who runs his own business in the UK and does it quite well, has been invited by BBC
The grand opening of 7-star The Biltmore Hotel Tbilisi took place in Georgia’s capital on July 31.
DUSHETI, Georgia – The Georgian government and the World Bank will allocate USD 5.6 million (12 million GEL) to fund
A new Georgian clothing brand named Person has emerged in Georgian market.
Georgia is in the midst of an economic maelstrom, Euronews reports.
Situation at Georgia’s mineral water market is interesting: over the last year, the volume of export has grown by 56 percent. According to “GeoStat”, over $114 million worth of mineral water was sold
GEL Exchange
July 2019
Mon Tue Wed Thu Fri Sat Sun
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31