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Updated: 2 days 1 hour ago

Farmers received 1.1 million GEL for 4,700 tons of non-standard apples

Thu, 09/22/2022 - 12:04
Tbilisi (GBC) - As of September 22, 4,700 tons of non-standard apples were sold, for which farmers received 1.1 million GEL. By simple calculation, the average price of 1 kg of non-standard apples is 0.234 GEL.

Parliament approved in what case will the property be seized?

Thu, 09/22/2022 - 12:03
Tbilisi (GBC) - Parliament approved the amendments to the Criminal Procedure Code in the second reading with 89 votes.

Sakaeronavigatsia Has To Spend GEL 1.6 million On The Renovation of Buildings

Thu, 09/22/2022 - 12:01
Tbilisi (GBC) - LLC Sakaeronavigatsia announces a 1.6 million GEL tender for the renovation of buildings.

The rule of confiscation of property is changing

Wed, 09/21/2022 - 20:23
Tbilisi (GBC) - The Committee on Legal Affairs considered the changes, which should be made to the Criminal Procedure Code in an accelerated manner. The draft law provides a new regulation of the issues of confiscation of property for the purposes of criminal proceedings, and it was prepared based on the decision of the Constitutional Court.

August was unprofitable for Halyk Bank

Wed, 09/21/2022 - 20:22
Tbilisi (GBC) – Halyk Bank increased its portfolio to 646.4 million GEL. The annual growth is 6% (01.09.2021 – GEL 609, 5 million). The share capital of the Kazakh bank has increased by 20 million GEL.

Audit of the NBG will be conducted by the company KPMG, while the audit service will be conducted by PWC

Wed, 09/21/2022 - 20:22
Tbilisi (GBC) - The Competition Commission of the Parliament has selected auditors for the 2022-2023 reporting audits of the National Bank of Georgia.

51% of exports to the EU accounts for one product

Wed, 09/21/2022 - 20:21
Tbilisi (GBC) - In January-August, the turnover of foreign trade with the European Union amounted to $2.4 billion, which was 35.2% more than the same period of the previous year (Jan-Aug 2021: $1.8 billion).

The annual growth of lending fell below 10%

Wed, 09/21/2022 - 20:21
Tbilisi (GBC) - Annual growth of banking sector lending fell to 7.8%. As of 8 months last year (01.09.2021), there was an increase of up to 16.1%.

The profits of systemic banks are increasing /bank rating/

Wed, 09/21/2022 - 20:19
Tbilisi (GBC) - System banks increased their profits in August. The share of TBC/BOGG in profitable banks (11) is 87%.

The NBG Buys USD Cheaply

Wed, 09/21/2022 - 20:19
Tbilisi (GBC) - The market explains the lack of demand for the NBG's $20 million offer with a high rate. USD 1/ GEL 2.84 was expensive for buyers.

BasisBank has increased the benefit on GEL deposits

Tue, 09/20/2022 - 12:02
Tbilisi (GBC) - Basisbank has increased interest on GEL deposits. 12.5% ​​annual interest is accrued on 1-year deposit in national currency. The interest rate for the deposit denominated in USD is 1.5%, the annual interest for Euro deposit is 0.7%.

NBG Governor Visits Dilijan And Attends High-Ranking Symposium

Tue, 09/20/2022 - 12:02
Tbilisi (GBC) - On September 19-20, 2022, Koba Gvenetadze, Governor of the National Bank of Georgia, participated in the high-ranking symposium "Finance and Money in a New Macro and Technology Environment" organized by the Bretton Woods Committee and the Central Bank of Armenia in Dilijan, Armenia.

Producer Price Index Up By 11% In August

Tue, 09/20/2022 - 12:01
Tbilisi (GBC) - In August 2022 the Producer Price Index for Industrial Products decreased by 0.1 percent compared to the previous month, while compared to August 2021 the index growth amounted to 11.0 percent.

Export price index increased by 5.8%

Tue, 09/20/2022 - 12:01
Tbilisi (GBC) - In August, compared to the same period of the previous year, the producer price index of industrial products increased by 11%.

Air Moldova Plans To Perform Tbilisi-Chisinau Direct Flights

Tue, 09/20/2022 - 12:00
Tbilisi (GBC) - Another new air company is going to start operation at Tbilisi International Airport.

Electric vehicle repair plant wins 90% of tenders

Sun, 09/18/2022 - 13:32
Tbilisi (GBC) – In the 12 million GEL tender of the Tbilisi Transport Company, JSC "Electromotive Vehicle Repair Factory Tbilisi Branch" is the only candidate.

Alta won the tender for the supply of laptops for schools at half the price

Sun, 09/18/2022 - 13:32
Tbilisi (GBC) - "Alta" LLC wins the 12.2 million GEL tender of the Educational and Scientific Infrastructure Development Agency at half price.

Parliament Speaker nominates Tsotne Kavkashvili as General Auditor

Sun, 09/18/2022 - 13:31
Tbilisi (GBC) - Georgian Parliament Speaker Shalva Papuashvili nominated Tsotne Kavlashvili for the post of General Auditor.

Incomes from tourism amounted to 94.6% of the pre-pandemic figure

Sun, 09/18/2022 - 13:31
Tbilisi (GBC) - Deputy Minister of Economy Mariam Kvrivishvili is glad that the tourism industry continues to develop and recover with positive dynamics. “We welcome that the tourism industry continues to develop and recover with positive dynamics. In August we had an excellent result. Not only did we fully recover the rate of 2019, but we improved it by about 30 percent. It is also gratifying that according to the January-August data, Georgia received $2.1 billion in incomes from tourism”, Kvrivishvili said.

Amendments are also made to the Law On Motor Transport

Mon, 09/12/2022 - 17:15
Tbilisi (GBC) - The sectoral economy and economic policy committee discussed the draft law "On road transport" in the first reading and supported its adoption at the plenary session.