According to the information spread by the Ministry of Economy and Sustainable Development the contract with the company managing Tbilisi State Concert Hall was terminated.
On the basis of the resolution of the Chairman of the State Property Management Agency the contract with the International Events Ltd. was terminated. According to the information currently the procedures of putting the Concert Hall under the state management are taking place. The reason for the contract termination is incompliance of the responsibilities listed in the Contract which meant the implementation of the investment plan for the development of the Hall and inability by the International Events to organize planned 100 local and 5 international events a year.
The State Property Management Agency imposed penalty for not fulfilling the taken responsibility by International Event.
