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Updated: 1 hour 33 min ago

GOGC Accused Gas Transportation Company in Causing Loss of Millions of Lari

Wed, 02/21/2018 - 17:48
Tbilisi (GBC) - Georgian Oil and Gas Corporation (GOGC) accused Gas Transportation Company in causing loss of millions of lari.

Quotas Set on Georgian Lemon, Kiwi, Grapes, Dried Fruit and other Products have been Abolished in Turkey

Wed, 02/21/2018 - 16:53
Tbilisi (GBC) - Georgia and Turkey agreed to expand the existing free trade agreement.

The IMF: share of the shadow economy in Georgia is 64.9% of GDP

Wed, 02/21/2018 - 16:51
Tbilisi (GBC) - The mean value of the size of the shadow economy of the 158 countries is 31.9%. Georgia is in the list of the countries with the largest shadow economies, - reports on the research of the International Monetary Fund (IMF) and notes that share of the shadow economy in Georgia is 64.9% of GDP. The other three largest shadow economies are Zimbabwe with 60.6% and Bolivia with 62.3%.

Bank of Georgia Received a Loan from Swiss Investment Company Symbiotics Totalling 25 MLN GEL

Wed, 02/21/2018 - 14:36
Tbilisi (GBC) - JSC Bank of Georgia has secured a loan from Swiss investment company Symbiotics totaling GEL25 million.

Georgian Citizens Spent 112 MLN GEL Abroad in January

Wed, 02/21/2018 - 14:09
Tbilisi (GBC) – Georgian citizens spent 112 million GEL abroad. Transaction via plastic cards are increased by 23% y-o-y (01/2017 – 91 million).

Bakhtadze: the excise paid on re-export of cars will be completely returned to business

Wed, 02/21/2018 - 14:06
Tbilisi (GBC) - Finance Minister names a new initiative for promoting automobile market.

Enterprise of Cosmetic Threads to be Built in Tbilisi

Wed, 02/21/2018 - 14:06
Tbilisi (GBC) – Manufacturing of cosmetic threads begins in Georgia.

Lotto Returns with a Jackpot of 16.57 MLN to Georgia

Wed, 02/21/2018 - 14:04
Tbilisi (GBC) - Lotto returns to Georgia.

Giorgi Kvirikashvili: no one can compromise the achievement called media freedom under our government

Wed, 02/21/2018 - 14:02
Tbilisi (GBC) – The Prime Minister responds to information about the possible pressure on certain media outlets by the government.

Development of Fiber Optic Cable of Europe-Asia is being Considered via Georgia

Wed, 02/21/2018 - 14:00
Tbilisi (GBC) - Georgia and Turkey will discuss development of Europe-Asia fiber-optic cable highways.

3.7 MLN to be Spent on Rehabilitation of Historic Houses in Abastumani

Wed, 02/21/2018 - 13:58
Tbilisi (GBC) – Rehabilitation of historic houses starts in Abastumani.

The PM: entrepreneur must spend minimal time in relations with the Revenue Service

Wed, 02/21/2018 - 13:56
Tbilisi (GBC) – “These are huge changes and significant tax liberalization. The first phase that we have implemented with the abolition of income taxes mainly affected middle and large entrepreneurs, while these amendments specifically are related to small entrepreneurs and their social situation”, - said the Prime Minister of Georgia Giorgi Kvirikashvili at today's government meeting. He has so evaluated submitted package of planned amendments to the Tax Code.

Bank of Sheikh Nahain Increased Landing

Tue, 02/20/2018 - 18:58
Tbilisi (GBC) – Credit portfolio increased to Terabank by 100 million up to 583 million (01.02.2017 – 488.3 million; +19% y-o-y).

Turkish Chalik Energy to Invest 75 MLN in the Construction of Wind Power Station

Tue, 02/20/2018 - 18:12
Tbilisi (GBC) - The Turkish Chalik Energy holding will build Wind Power Station of 50 mgwt in Shida Kartli, Georgia. The company will make investment of 75 million USD.

Clean Energy: environmental risks in the course of Namakhvani HPP construction will be reduced to the minimum

Tue, 02/20/2018 - 18:11
Tbilisi (GBC) - Clean Energy Group Georgia hosted a public discussion with local residents regarding the Namakhvani Hydropower Plant (HPP) cascade project.

TBC Bank Became the Leader of Profitable Banks

Tue, 02/20/2018 - 16:10
Tbilisi (GBC) – All (16) banks have a profit in January except one. Merely Silk Road Bank has a loss, but it is insignificant – over 103 000.

Income Doubled to Teliani Valley, but It Could not Get a Profit

Tue, 02/20/2018 - 14:07
Tbilisi (GBC) - Teliani Valley revenues increased by 102.5%, but on the background of large investment projects annual loss is 14.5 million.

BasisBank Introduced Mobile Digipass Application

Tue, 02/20/2018 - 13:39
Tbilisi (GBC) - BasisBank announces introduction of unprecedented service for Georgian market.

What is Sold in France, which is Among the Largest Export Markets

Tue, 02/20/2018 - 13:38
Tbilisi (GBC) – Re-export of fuel has made France as the largest export markets of Georgia.

Underground Parking to be Arranged Near Philharmonic

Tue, 02/20/2018 - 13:37
Tbilisi (GBC) – Tbilisi City Hall is searching investor for arrangement of underground parking.