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Updated: 1 day 23 hours ago

32 MLN To Be Spent on The Water Supply Of Tskaltubo And Three Villages

Wed, 09/07/2022 - 11:02
Tbilisi (GBC) - The United Water Supply Company of Georgia LLC conducted an electronic tender of 35.7 million GEL Within the framework of the state program "Construction by installments", which involves the design and construction of the water supply system rehabilitation of the city of Tskaltubo and 3 villages of Tskaltubo municipality (Gumbra, Ternali and Gwishtibi).

BB Insurance Ranks 3rd In Terms Of Profit In The Insurance Sector

Wed, 09/07/2022 - 11:01
Tbilisi (GBC) - BB Insurance, after 5 years of operation in the insurance market, is in the top three with profits. The company generated 11.7% of the sector's total profit.

Georgia hosts 13 investment consultants

Wed, 09/07/2022 - 11:00
Tbilisi (GBC) – With the help of USAID, 13 investment consultants from different countries of the world are in Georgia, advising large foreign investors on where to invest. Mikheil Khidureli, director of the agency "Enterprise Georgia", announced this after meeting with foreign consultants visiting Georgia.

Ministry of Finance Borrowed 100 MLN

Wed, 09/07/2022 - 11:00
Tbilisi (GBC) - On September 6, 2022, GEL 80 000 000 2-year Ministry of Finance Treasury Notes were sold at the Auction held at NBG.

Gotsiridze: There is a paradoxical economy in Georgia - the economy is growing, people are getting poorer

Wed, 09/07/2022 - 11:00
Tbilisi (GBC) - Opposition member of parliament Roman Gotsiridze, speaking in the format of political statements at the first plenary session of the autumn session, spoke about the indicators of economic growth in the country and noted that the official data of economic growth are falsified.

Loans are still getting expensive

Wed, 09/07/2022 - 10:59
Tbilisi (GBC) - In July, the weighted average interest rates of loans increased by 0.7 pp and amounted to 13.4% compared to the previous month. The weighted average annual interest rate on national currency loans increased by 0.1 pp to 16.5%, and on foreign currency loans - by 0.1 pp to 7.0%.

Construction of a school in Gori will cost 11 million GEL

Wed, 09/07/2022 - 10:59
Tbilisi (GBC) - "Enen Group" LLC won the 11 million GEL tender announced by the Educational and Scientific Infrastructure Development Agency.

73% Of The Imports From Armenia Are Copper Ores

Wed, 09/07/2022 - 10:59
Tbilisi (GBC) - In January-July, the turnover of foreign trade with Armenia amounted to $593.5 million, which was 48% more than the same period of the previous year (January-July 2021: $400.3 million).

The new draft law on public procurement was prepared with the participation of European specialists

Wed, 09/07/2022 - 10:59
Tbilisi (GBC) - The Committee discussed with the I reading and approved the Bill on Public Procurements.

Solar power plants will be located in five municipalities of the country

Wed, 09/07/2022 - 10:58
Tbilisi (GBC) - "Georgia has great potential in the direction of energy efficiency and better utilization of renewable energy sources. We, with the support of the Polish government and UNIDO, are starting a project in five municipalities of Georgia, which aims to support local authorities through the implementation of sustainable energy projects, within the framework of municipal sustainable energy and climate action plans.

Global Finance Names NBGGovernor AmongThe Best Central Bankers For The 5th Time In A Row

Wed, 09/07/2022 - 10:55
Tbilisi (GBC) - Global Finance, the world's leading finance publication, named NBG Governor Koba Gvenetadze among the best Governors of the world's Central Banks in 2022 - this is his fifth consecutive award.

Gov’t to present 2030 development strategy in coming days

Mon, 09/05/2022 - 08:34
Tbilisi (GBC) - The Georgian Government will officially unveil its 2030 development strategy for the country in the coming days after approving the document, Prime Minister Irakli Garibashvili said.

Traffic will be fully restored on the rehabilitated Metekhi bridge in the evening

Mon, 09/05/2022 - 08:33
Tbilisi (GBC) - The rehabilitation of the Metekhi Bridge in Tbilisi is almost complete, and traffic will resume in both directions on Monday, September 5, after the top layer of asphalt is laid. Tbilisi Mayor Kakha Kaladze announced this.

A wellness complex was opened in Tskaltubo with the financing of the BOG

Mon, 09/05/2022 - 08:33
Tbilisi (GBC) - A wellness complex was opened in Tskaltubo in partnership with the Bank of Georgia. The total cost of the project is 20 million GEL. The bank's investment, which was issued within the framework of "Enterpise Georgia", amounts to 35% of the value. The financial resources provided by the bank were used for the construction of the hotel and restaurant.

The net profit of the insurance sector decreased by 42%

Mon, 09/05/2022 - 08:33
Tbilisi (GBC) - In the first half of the year, the insurance companies operating in the country received a net profit of 10.3 million GEL, which is 42% less than the same period of the previous year - 7 million GEL. Nevertheless, the premium attracted by the sector is growing and it exceeded half a billion GEL in 6 months and amounted to 504 million GEL. 18 insurance companies operate in Georgia today and their total assets are worth 1.1 billion GEL. According to the results of the same period, the insurance profit of the insurers amounted to 91.8 million GEL.

Only 7% Of Vehicles Registered In Georgia Are Insured

Mon, 09/05/2022 - 08:32
Tbilisi (GBC) - Only 7% of vehicles registered in Georgia are insured, - according to the Insurance Supervision Service.

18% of the population has medical insurance - GPI is the market leader

Mon, 09/05/2022 - 08:32
Tbilisi (GBC) - 668,141 people or 18% of the population benefit from private medical insurance in Georgia. Compared to the same period of the previous year, the number of medical insurance policy users increased by 33 thousand in the 6 months of the current year.

A third of the business turnover comes from gambling despite the regulations

Fri, 09/02/2022 - 20:09
Tbilisi (GBC) – Despite the regulations introduced by the government, a significant part of the turnover of the business sector in Georgia still comes from gambling. In particular, in the second quarter of the current year, almost a third of the turnover of the entire business sector - 28% came from the group of arts, recreation and entertainment. Gambling games are also included in this group - together with it, the mentioned group includes libraries, archives, museums, sports and leisure areas, although the largest share of it is gambling.

There are changes in the management of the Bank of Georgia

Fri, 09/02/2022 - 20:07
Tbilisi (GBC) - There are several important changes in the management of the Bank of Georgia. Nutsa Gogilashvili will take over the direction of retail banking services. Until now, Nutsa was the head of human capital and customer satisfaction management of the bank. She has ten years of experience in the field of financial services in both local and international organizations. In 2011-2014, she worked at JP Morgan in London in the risk department. Nutsa joined Bank in 2016 and held various managerial positions. Among them, since 2016, the position of the head of strategic processes of the corporate and investment bank, and in 2017 he became the head of customer satisfaction management. In 2019, the human capital management team was also taken over. Nutsa Gogilashvili received a master's degree in finance from Cass Business School in London.

A bag of flour became cheaper by 9 GEL

Fri, 09/02/2022 - 20:06
Tbilisi (GBC) - The price of 1 sack of flour on the Georgian market has decreased by 9 GEL. "Wheat and Flour Producers' Association" disseminates information about this.