News


13 June 2016

Renovated after Tbilisi Natural Disaster Gymnastics Development Sports Center – VTB Arena – has opened

Tbilisi municipality Gymnastics Development Sports Center damaged after the June 13, 2015 tragedy was fully rehabilitated. VTB Bank funded restoration of the center with one million four hundred thousand Georgian Lari. Aforementioned funds financed rehabilitation and renovation works of the center building and procurement of sports equipment answering to all international standards. VTB Bank has been a General Sponsor to Georgian Gymnastics Federation since 2014. The renovated Gymnastics Development Sports Center was named VTB Arena.

The sports center has both artistic and sports gymnastics halls. The center serves up to thousand beneficiaries a day, including 57 socially vulnerable young athletes who receive a free service. 

VTB Bank CEO, Archil Kontselidze stated:

Devastating Tbilisi tragedy of last year almost totally destroyed Gymnastics Federation building. VTB Bank has been the General Sponsor to Georgian Gymnastics Federation since 2014. We decided to express our support and fully funded restoration works, as well as procurement of sports inventory complying with all international standards. VTB Bank allocated one million four hundred thousand GEL for the mentioned project. We are happy that for the one year anniversary up to thousand adult and young athletes are given opportunity to train at the center.





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