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Updated: 1 day 23 hours ago

In the innovation development ranking, Georgia is 63rd

Fri, 08/05/2022 - 12:05
Tbilisi (GBC) - In the global ranking of innovation development published by globalinnovationindex.org, which includes 132 countries, Georgia ranks 63rd with 32.4 points.

Mobile refrigerators were brought in for berry harvesting in Georgia

Fri, 08/05/2022 - 12:05
Tbilisi (GBC) - The Georgian company Agritouch has become a partner of the Turkish company SAGI Muhendislik, a manufacturer of refrigeration equipment. As a result, a new product appeared on the Georgian market - mobile refrigerator-containers for crop storage. The publication EastFruit writes about it.

TBC will also take a $20 million loan

Fri, 08/05/2022 - 12:04
Tbilisi (GBC) -TBC Bank receives a $20 million loan from the European Bank for Reconstruction and Development (EBRD) denominated in GEL to lend to micro, small and medium businesses.

A 4-year partnership was signed between the Bank of Georgia, GITA and 500 Global

Fri, 08/05/2022 - 12:03
Tbilisi GBC - A 4-year partnership between the Bank of Georgia, GITA and the world's leading global accelerator, 500 Global, was signed on Friday. Within the framework of the partnership, 500 Global will train startups in Georgia for four years. The global acceleration program will be held twice a year, and startups from all over the world will have the opportunity to undergo an intensive training course, which will end with a demo day. Additionally, the winning startup of each stream will participate in an international program organized by 500 Global. This means that in the next 4 years, additional opportunities will be created for the development and scaling of startups operating in Georgia and the region.

EBRD provides a $20 million loan to the Bank of Georgia

Fri, 08/05/2022 - 12:02
Tbilisi (GBC) - The European Bank for Reconstruction and Development (EBRD) provides a loan equivalent to $20 million to the Bank of Georgia (BOGG).

Journalists, bloggers from Israel visiting Georgia in tourism promotion programme

Thu, 08/04/2022 - 22:01
Tbilisi (GBC) – The Georgian National Tourism Administration is hosting journalists from highly rated publications and television stations of Israel, as well as popular bloggers from the country, in a programme that will see them promote Georgia as a tourist destination to their audiences, the state body announced on Thursday.

Procredit Bank and the National Library are starting joint educational projects

Thu, 08/04/2022 - 22:00
Tbilisi (GBC) - A memorandum of cooperation was signed between Procredit Bank and the National Library of the Parliament of Georgia in the direction of educational projects. Within the framework of the initiative, it is planned to arrange square libraries throughout Georgia. Also, a moving exhibition of documentary material depicting the role of Germans in the economic and cultural development of Georgia.

Interest rates on interbank deposits have decreased

Thu, 08/04/2022 - 22:00
Tbilisi (GBC) - Interest rates on interbank deposits in Georgia have decreased in June compared to the same month of 2021. In particular, if in June 2022, 8.21% was fixed on interbank deposits placed in national currency, in June 2021 this rate would be 9.81%. The highest rate on interbank deposits placed in national currency was recorded in February last year and amounted to 10.13%.

Cabbage and cucumber became cheaper in July

Thu, 08/04/2022 - 21:58
Tbilisi (GBC) - July inflation in Georgia was 11.5%. Despite the double-digit growth, prices for a number of products have been reduced.

The export of peaches and nectarines from Georgia fell by 20%

Thu, 08/04/2022 - 21:56
Tbilisi (GBC) - In June-July, the export of Georgian peaches and nectarines is still significantly lower than the indicators of the same period last year. During the analysis period, 17,000 tons of products left Georgia this year, which is 5,000 tons less than last year's figure.