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Updated: 1 hour 45 min ago

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

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%

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Cigarettes Appeared in TOP-10 of Export Basket

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.

External Trade Turnover Increased by 28% with the EU, while - by 30% with the CIS

Thu, 04/19/2018 - 12:24
Tbilisi (GBC) - External trade turnover increased by 28% with the EU, while - by 30% with the CIS.

Air Companies are Charged to Deliver Passengers' Personal Data to the Special Services

Thu, 04/19/2018 - 12:23
Tbilisi (GBC) - The Air Companies are charged to deliver passengers' personal data to the relevant agencies.

The IMF Increased Georgian Economic Growth Forecast

Thu, 04/19/2018 - 12:21
Tbilisi (GBC) – The International Monetary Fund increased Georgian economic growth forecast.

Another Change Takes Place at the Board of Directors of Liberty Bank

Wed, 04/18/2018 - 17:39
Tbilisi (GBC) - The change takes place at the Board of Directors of Liberty Bank.

Tamaz Somkhishvili Became the Shareholder of Global Cell

Wed, 04/18/2018 - 17:01
Tbilisi (GBC) - Businessman Tamaz Somkhishvili becomes the shareholder of Global Cell.