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The Main Borrower, whose Revenues are not Confirmed will still move to the Shadow Sector

gbc.ge news - Fri, 04/20/2018 - 18:15
Tbilisi (GBC) – After the agreed amendments in May, microfinance sector holds discussion with the Regulator, when to enact lending with evaluated risks, - from September 1 or January 1.

The PPI for Industrial Products Increased by 6.5%

gbc.ge news - Fri, 04/20/2018 - 17:53
Tbilisi (GBC) - In March 2018 the Producer Price Index (PPI) for Industrial Products decreased by 0.9 percent over February 2018, while the index increased by 6.5 percent compared to March 2017.

MasterCard Named Georgia in the TOP-10 of Comfortable Countries for Muslim Tourists

gbc.ge news - Fri, 04/20/2018 - 17:52
Tbilisi (GBC) - MasterCard Named Georgia in the list of comfortable countries for Muslim tourists.

CoE Issues Report on Conflict in Georgia

Civil.Ge Daily News - Fri, 04/20/2018 - 16:58
The report assesses security and human rights situation in Abkhazia and Tskhinvali Region/South Ossetia.

Parliament Adopts Changes to Party Funding Rules

Civil.Ge Daily News - Fri, 04/20/2018 - 14:32
The legislation enables the Industrialist party to receive the annual budgetary funding worth over GEL 600,000.

This March is less Profitable for Banks Comparing to the Last One

gbc.ge news - Fri, 04/20/2018 - 14:02
Tbilisi (GBC) – Net profit of banking sector exceeds 75 million in March (03/2018). As of the NBG’s statistics, the figure is 1.5 times less (-35% y-o-y) comparing to the previous March’s profit (115 million).

Bakhtadze: we are the only country that has free trade regime between China and the European Union

gbc.ge news - Fri, 04/20/2018 - 13:16
Tbilisi (GBC) -Mamuka Bakhtadze, Minister of Finance of Georgia spoke about the ongoing infrastructure development in Georgia at the high level discussion organized by the World Bank in the USA.

FMO Allocated 20 MLN to Credo Bank

gbc.ge news - Fri, 04/20/2018 - 13:16
Tbilisi (GBC) - Credo Bank and the Dutch Development Bank (FMO) Signed 20 Million Dollar Finance Agreement.

Venakhi Lemonade is Exported to China

gbc.ge news - Fri, 04/20/2018 - 13:15
Tbilisi (GBC) - Fruit lemonade “Venakhi Lemonade” has been exported to China with the support of Georgian Chamber of Commerce and Industry.

Badri Japaridze: bank does not need to hold agricultural land, the bank needs time to sell it

gbc.ge news - Fri, 04/20/2018 - 13:14
Tbilisi (GBC) - Banks are demanding to make an exception linked to the right of owning agricultural land in order to avoid suspension of agro-projects financing.

Basis Bank Has Advanced in the Rating by Deposits

gbc.ge news - Fri, 04/20/2018 - 13:14
Tbilisi (GBC) – Basis Bank has advanced in the rating by deposits.

EU: ‘Deep Concern’ over Human Rights Situation in Abkhazia, S.Ossetia

Civil.Ge Daily News - Fri, 04/20/2018 - 10:20
The EU Delegation to CoE issued a statement in response to the Secretary General's report on Georgia.

Gelenidze: audit process should be conducted on operating in Tkibuli Mine

gbc.ge news - Thu, 04/19/2018 - 18:22
Tbilisi (GBC) - Labor experts will study the situation in Tkibuli Mine. It will depend on their conclusion if "Georgian Industrial Group" continues to work on the site, which is the main employer in the district.

Turnover of Gambling Exceeded 5.6 billion - up to 6% of the Budget’s Sum

gbc.ge news - Thu, 04/19/2018 - 17:35
Tbilisi (GBC) - Gambling business paid 332 million GEL in the budget in 2017, while turnover of this business amounted to 5,650 billion GEL last year, - the figures are disseminated by agency BPN.

TOP-3 of Banks by Profit

gbc.ge news - Thu, 04/19/2018 - 17:33
Tbilisi (GBC) – TBC Bank's profit exceeded 100 million. As of Q1, the bank is the leader of the rating with 46%-Share among 13 profitable banks (total profit 235 million).

Cartu Bank Has a Loss – Bank’s Rating

gbc.ge news - Thu, 04/19/2018 - 17:32
Tbilisi (GBC) – 13 banks finished Q1 with a loss, their 3 months’ profit is 235 million GEL.

Georgian Surnames in the Rating of Russia's Richest People

gbc.ge news - Thu, 04/19/2018 - 17:30
Tbilisi (GBC) - Forbes has updated Rating of 200 Richest Russians. GBC got interested in businessmen with Georgian origin.

Majority Group Meeting over Internal Dispute Postponed

Civil.Ge Daily News - Thu, 04/19/2018 - 17:29
The ruling Georgian Dream party lawmakers will convene for a meeting tentatively on April 21.

Georgia’s Foreign Trade in Q1’18

Civil.Ge Daily News - Thu, 04/19/2018 - 14:55
Georgia's trade turnover increased by 23.3% y/y in January-March 2018, reaching USD 2.8 billion.

Cigarettes Appeared in TOP-10 of Export Basket

gbc.ge news - Thu, 04/19/2018 - 12:25
Tbilisi (GBC) – Products of 740.34 million USD were exported from Georgia in January-March, the figure is more by 28.4% comparing to the last year.
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