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.

Print
Other Stories
Doing business in Georgia has become easier than in America
According to the Doing Business 2019 report published by the World Bank, Georgia ranked 6th among 190 countries in terms of simplicity of doing business. This was an improvement over two ranks compared to last year.
Problems that foreigners frequently face in Georgia
The importance of Georgia as a tourism hub is growing year after year.
Tbilisi TV Broadcasting Tower – Better than the Eiffel Tower?
It is planned to renovate the Tbilisi TV Broadcasting Tower, one of the landmarks in the capital.
Georgian Fusion Menu by The Biltmore Hotel Tbilisi
5,895,914 international visitors have visited Georgia between January and August of 2018. Compared to the previous year the number has increased by 12.2 per cent.
Advertising of gambling and lucrative games may become banned in Georgia
Advertising of gambling and lucrative games may become banned in Georgia. Those who violate the new rule would be fined GEL 10 000.
Lebanese café-lounge Beirut opens in Tbilisi
What is necessary to organize an unforgettable event? – Fun, emotions, lots of surprises, good music and delicious menu.
Georgia second among the fastest growing tourist destinations in Europe
Georgia is among the fastest growing tourist destinations in Europe. The data is published by the UN World Tourism Organization.
Bitmain launches world digital mining summit in Tbilisi, Georgia
Bitmain CEO Jihan Wu and Roger Ver, CEO of Bitcoin.com Head Speaker List featuring Circle, DEX.top and Genesis Mining when Digital Mining Leaders Convene In Tbilisi on September 21-23
GAZELLE FINANCE GEORGIA AND TBC BANK HELP THE WESTERN REGIONAL CENTER OF MODERN MEDICAL TECHNOLOGIES EXPAND ACCESS TO QUALITY HEALTHCARE SERVICES IN KUTAISI, GEORGIA
TBC Bank and Gazelle Finance have teamed-up to support Medical City, a leading healthcare provider in the western region of Georgia to launch the Western Regional Center Of Modern Medical Technologies.
Equivalent to buried treasure – resources that are underused in Georgia
For 2018 the IMF Commission has forecast an annual economic growth for the Georgian economy of about 5,5%.
Does the quality of Georgian wine increase and how the export affects it
If we look at the data collected about modern Georgian wine, we will find out that the Georgian wines produced between 2015-2017 are much better in terms of their quality and Oenologic features rather than the wines produced between 2009-2011.
Japan simplifies the visa requirements for Georgian citizens
Diplomatic and economic relations between Georgia and Japan are now moving to a new phase. Recently Japan has decided to simplify the visa requirements for Georgian citizens.
M&S (Marks and Spencer) and H&M collections to be produced in Georgia
Garments manufacturer MGMTEX will start production of the M&S and H&M trendy collections from this September.
The World Digital Mining Summit to be held in Georgia
The summit is scheduled to take place between 21st-23rd September in the Hualing Hotel, Tbilisi, Georgia.
Galt and Taggart - Tourism Boom Continues in Georgia
Tourism has become one of the key drivers for the Georgian economy. Galt and Taggart has recently published research about the Georgian tourism sector in the first half of 2018.
"The worst dream for Putin is that Russians want to live in Georgia"
This year, visitors to the Adjara region would notice that there is a boom in construction in and around Batumi.
Underground gas storage facility to be built in Georgia
KfW, a German government-owned development bank signed a EUR 150 million promotional loan with the state-owned Georgian Oil and Gas Corporation (GOGC) for the construction of the first underground gas storage facility in Georgia.
New gambling rules for Georgia
Georgian lawmakers are preparing a new draft law relating to online-casinos and gambling that will seek to curb gambling addiction in Georgia.
How expensive is it to visit Georgia?
The Georgian Lari (GEL) is the official currency of Georgia and is the only legal means of payment in the entire territory of Georgia.
Trade with the EU and the Commonwealth of Independent States (CIS) has grown significantly
Trade with the EU and the CIS has grown by 26% and 33.5 % respectively, says GeoStat, the Georgian National Statistics Office.
The unemployment rate decreases in Georgia
The unemployment rate decreased in Georgia by 1,9% and amounted to 12.1% in the 2nd quarter of 2018 compared with the previous quarter,
Memorandum of Understanding to be signed between Georgia and Malaysia
According to the Georgian Ambassador to Malaysia Nikoloz Apkhazava, Georgia plans to sign a Memorandum of Understanding (MoU) with Malaysia.
“Blauenstein Georgia” due to expand in Georgia
“Blauenstein Georgia” is planning to open more shops in Georgia. It is an agriculture company that sells meat products, meat and convenience food.
The amount of Direct Foreign Investment rises in Georgia
According to the information of the National Statistics Office of Georgia, the amount of direct foreign investment in Georgia has risen
It’s going to get  harder for foreigners to get residence permit in Georgia
It’s going to get harder for foreigners to get permit of residence in Georgia.
PHOTO OF THE DAY
Exchange Rates
GEL Exchange Rate
Convertor
17.11.2018
18.11.2018
USD
1
USD
2.6727
2.6727
EUR
1
EUR
3.0268
3.0268
GBP
1
GBP
3.4240
3.4240
RUB
100
RUB
4.0447
4.0447
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
USD
1
USD
2.6727
EUR
1
EUR
3.0268
GBP
1
GBP
3.4240
RUB
100
RUB
4.0447
November 2018
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