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Updated: 2 days 1 hour ago

Tegeta is still competitive in tenders

Tue, 08/16/2022 - 15:02
Tbilisi (GBC) - Tegeta Motors wins the electronic tender announced by the National Forestry Agency on August 12. The tender involves the repair and maintenance of 99 vehicles and related equipment.

The passenger card will be tied to the bank card - Kaladze

Tue, 08/16/2022 - 15:00
Tbilisi (GBC) - Tbilisi Mayor Kakha Kaladze declares, that the public transport passenger card will be integrated into the bank card. This initiative will affect the cards of TBC Bank and Bank of Georgia from September 1.

Meat production decreased by 0.6% in Q2

Tue, 08/16/2022 - 14:58
Tbilisi (GBC) - According to the preliminary data, at the end of the II quarter of 2022 the number of bovine animals decreased by 1.8 percent compared to the II quarter of 2021 and reached 1.0 million heads. Of which, the total number of dairy cows and buffaloes equaled 470.9 thousand heads, which is 2.0 percent more than the same indicator of the previous year.

Gov’t increased the budget for gasification of 244 settlements

Tue, 08/16/2022 - 14:57
Tbilisi (GBC) - According to the decree of the Government of Georgia, the total cost for construction works of gasification for the purpose of natural gas supply increases to 135,272,350 GEL. Prime Minister of Georgia Irakli Garibashvili has already signed the decree. The press service of the government disseminates information about this.

Number Of Card Payment Devices Up By 60, 000

Tue, 08/16/2022 - 14:56
Tbilisi (GBC) - The number of card payment devices increased by 60,412 units from January 2018 to June of this year and amounted to 96,253.

Russia Is The Leader By Money Transfers

Mon, 08/15/2022 - 12:11
Tbilisi (GBC) - In July 2022, the volume of money transfers from abroad constituted 306.0 million USD (871.2 million GEL), which is 46.8% (97.6 million USD) more than the amount in July 2021.

148 thousand visits were registered from Russia in Q2

Mon, 08/15/2022 - 12:09
Tbilisi (GBC) - In the II quarter of 2022, the number of arrivals of international non-resident travellers1 in the territory of Georgia equaled 1 049.4 thousand, which is 198.7 percent higher compared to the data from the same period of previous year. Most of the incomes, 47.0 percent, were made by travellers of 31-50 age groups.

The price of shares of Bank of Georgia and TBC increased sharply

Mon, 08/15/2022 - 12:09
Tbilisi (GBC) - Bank of Georgia Group (BGEO LN) shares closed at GBP 18.00/share (+5.26% w/w and +28.02% m/m). More than 273k shares traded in the range of GBP 16.52 - 18.14/share. Average daily traded volume was 68k in the last 4 weeks. The volume of BGEO shares traded was at 0.56% of its capitalization.

Eurobonds of the GR traded 0.09% lower in the previous week

Mon, 08/15/2022 - 12:08
Tbilisi (GBC) - Bank of Georgia Group Eurobonds (GEBGG) closed at 4.34% yield, trading at 101.55 (+0.83% w/w).

The NBG Bought USD 211,6 MLN

Mon, 08/15/2022 - 12:06
Tbilisi (GBC) - International reserves at US$ 4.2bn in Jul-22 Gross international reserves increased by 7.3% y/y to US$ 4.2bn in Jul22 according to NBG. On a monthly basis, the reserves were up by 6.0% (+US$ 234.3mn). Notably, NBG purchased US$ 110mn through BMatch platform in Jul-22. Other changes in reserves were attributed to the government and banking sector FX operations, and/or asset revaluation, - according to the Weekly Update published by the Galt&Taggart.

TBC Capital : GEL Strengthening Could not be stopped even by the NBG’s large-scale interventions

Mon, 08/15/2022 - 12:05
Tbilisi (GBC) - The GEL appreciation pressures continued throughout the week, now coupled with the sizable NBG interventions, - reads the report published by TBC Capital.

Imported pasta price increased by 63%

Fri, 08/12/2022 - 19:45
Tbilisi (GBC) - In June, 1.5 thousand tons of pasta worth $1.8 million were imported into Georgia, which in monetary terms is 68% more than the same period of the previous year (June 2021: $1.1 million, 1.4 thousand tons).

Georgia has a foreign debt of $7.8 billion

Fri, 08/12/2022 - 19:45
Tbilisi (GBC) - Georgia's foreign debt is up to 7.8 billion dollars.

TBC received 9 awards for the best innovative and digital services

Fri, 08/12/2022 - 19:42
Tbilisi (GBC) - The influential international business publication Global Finance has published its annual results. In 2022, TBC achieved special recognition in 9 nominations, both nationally and regionally.

The government expects fuel to become cheaper

Fri, 08/12/2022 - 19:41
Tbilisi (GBC) -The Ministers of Economy and Finance met with the fuel sellers and discussed the forecasts in the fuel market, competition issues and opportunities to reduce margins.

Demirören will invest capital in the construction of Hotel Iveria in Tskaltubo

Thu, 08/11/2022 - 19:38
Tbilisi (GBC) - Demirören Holding company plans to invest heavily in the construction of a new 5-star hotel "Old Iveria" in Tskaltubo.

In January-June, exports to Russia decrease, while imports increase

Thu, 08/11/2022 - 19:37
Tbilisi (GBC) - In January-June, the turnover of foreign trade with Russia amounted to $962.2 million, which in monetary terms is 31.8% more than the same period of the previous year (January-June 2021: $730 million).

Tornike Kordzaia was appointed as the director of Liberty's retail banking department

Thu, 08/11/2022 - 19:36
Tbilisi (GBC) - Tornike Kordzaia was appointed as the director of Liberty Bank's retail banking department.

The purchase of chocolate on the international markets of Georgia has become more expensive

Thu, 08/11/2022 - 19:35
Tbilisi (GBC) - The purchase of chocolate on the international markets of Georgia has become more expensive.

Basisbank is 0.8% away from the 3rd place

Wed, 08/10/2022 - 05:10
Tbilisi (GBC) - The share of bad loans in the retail portfolio of Basisbank (BB) is 0.08%.