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Re-export of cars increased by 140%

gbc.ge news - Thu, 08/25/2022 - 19:06
Tbilisi (GBC) - According to Giorgi Surguladze, Director of Caucasus Auto Import, the demand for used cars has increased dramatically during the summer in the local and neighboring markets.

Exports in Turkey increased two-folds compared to imports

gbc.ge news - Thu, 08/25/2022 - 19:06
Tbilisi (GBC) –Georgia's foreign trade with Azerbaijan, Armenia and Turkey increased in July. Trade turnover with Armenia increased at the highest rate - by 74%, Turkey is in the second place with the growth rate - 37.8%, and Azerbaijan is in the third place - with an increase of 8.4%.

More than 7 million cards are in circulation in Georgia

gbc.ge news - Thu, 08/25/2022 - 19:04
Tbilisi (GBC) - According to the data of the National Bank of Georgia, the number of credit cards in circulation in Georgia amounted to 576,081 in July, while debit cards - 6,504,238.

The volume of interbank deposits almost doubled

gbc.ge news - Thu, 08/25/2022 - 19:04
Tbilisi (GBC) – The volume of interbank deposits has almost doubled and exceeds 1,432 billion GEL in commercial banks of Georgia in July, compared to July 2021, (July 2021 – 762 million). This is stated in the statistical data of the National Bank of Georgia, which was published on Thursday, December 25.

As of August 1, 41.3 billion GEL loans have been issued to the national economy

gbc.ge news - Thu, 08/25/2022 - 19:03
Tbilisi (GBC) - According to the statistical data published by the National Bank on Thursday, the debt with loans issued by commercial banks to the national economy (resident legal and natural persons) amounts to 41,289,691,204 GEL as of August 1. Among them, the volume of loans issued in national currency amounts to 22,495,009,807 GEL, while the equivalent of 18,794,681,397 GEL was issued in foreign currency during the reporting period.

Depreciation of GEL is related to foreign obligations – Gerliani

gbc.ge news - Thu, 08/25/2022 - 18:58
Tbilisi (GBC) - GEL depreciated by 1.17% against USD on Thursday, at 12:00 Tbilisi time, and the price of 1 USD amounted GEL 2.86.

International Training Workshop on Open Science and SDGs

EIFL Open Access Programme Manager Iryna Kuchma will speak about the implementation of the UNESCO Recommendation on Open Science at the International Training Workshop on Open Science and SDGs (Sustainable Development Goals).

Trade with Ukraine decreased by 31% in 7 months

gbc.ge news - Wed, 08/24/2022 - 12:59
Tbilisi (GBC) - In January-July, Georgia's trade turnover with Ukraine amounted to $277 million, which was 31% less than the figure of the same period of the previous year (January-July 2021: $401.6 million).

Batumi To Host the VIII international literature festival odesa

gbc.ge news - Wed, 08/24/2022 - 12:58
Tbilisi (GBC) - This year, the VIII international literature festival odesa will be held in Batumi, Georgia from October 5 to 8, 2022. One of the main themes of this year’s festival is Russia’s war against Ukraine and its impact on the world.

Trade turnover with Russia up by 82%

gbc.ge news - Wed, 08/24/2022 - 12:57
Tbilisi (GBC) - The turnover of foreign trade with Russia in July amounted to $251.7 million, which was 82% more than the figure of the same period of the previous year (July 2021 - $138.2 million), - according to the preliminary data from Geostat. During this period, the foreign trade turnover with Russia amounted to 15.2% of the country's total trade turnover.

Number Of Georgian Resident Travellers’ Trips Abroad Up By 4.6 Times

gbc.ge news - Wed, 08/24/2022 - 12:56
Tbilisi (GBC) - In 2Q2022 the number of Georgian resident travelers’ trips abroad equaled 515.2 thousand, which is 4.6 times higher compared to the data from the same period of the previous year. Most of the trips, 47.3%, were made by travelers of 31-50 age groups, - according to the preliminary data from the National Statistics Office of Georgia (Geostat).

Thai AirAsia X to resume Tbilisi charter flight in October

gbc.ge news - Wed, 08/24/2022 - 12:54
Tbilisi (GBC) - Thai AirAsia X airline will resume charter flights from Bangkok to the Georgian capital of Tbilisi, the Ministry of Economy of Georgia announced on Wednesday.

Firefighting Aircrafts of Turkey Are Involved In Fire Extinguishing Works In Borjomi

gbc.ge news - Wed, 08/24/2022 - 12:52
Tbilisi (GBC) - In Borjomi Municipality, the fire localization and liquidation works continued throughout the night. Employees of various departments of the Ministry of Internal Affairs, the Ministry of Defense, the Ministry of Regional Development and Infrastructure, as well as the relevant services of the Ministry of Environment and Agriculture, actively participate in fire extinguishing process. Border police helicopters resumed their work in the morning, reports the Ministry of Internal Affairs.

ICT camp in Bundibugyo, Uganda

Maendeleo Foundation, EIFL’s partner, will conduct a week-long ICT camp to equip people in Bundibugyo District, Western Uganda, with computer and internet skills. The training will take place at Semulik Secondary School in Bundibugyo town.

EIFL renews agreement with HeinOnline

EIFL has renewed its agreement with William S. Hein & Co . Through this agreement, institutions can subscribe at discounted prices to three products: the customized HeinOnline package for EIFL, the HeinOnline package for EIFL plus the Law Journals Library, and the Index to Foreign Legal Periodicals. The customized HeinOnline package for EIFL contains the constitutional histories of 170+ countries, a large collection of historical books and monographs on legal history.

Cartu Reduces Capital

gbc.ge news - Fri, 08/19/2022 - 19:35
Tbilisi (GBC) – Cartu Bank finished January-July with a profit of 16 million GEL (7m/2021 – 19 million). Deposits increased to 1.2 billion GEL (7m/2021 – 895 million; +30% y-o-y).

Systemic Banks’ Profits Are Down

gbc.ge news - Fri, 08/19/2022 - 19:34
Tbilisi (GBC) - Profit of systematic banks has decreased. TBC earned 25 million less profit in 7 months 2022 y-o-y. Bank of Georgia has a 1% decrease. Liberty's net profit decreased by 25% year-on-year (Y.Y).

Mortgage issuances were marginally up

gbc.ge news - Fri, 08/19/2022 - 19:33
Tbilisi (GBC) - In the 1-14 August period, new mortgage issuances were marginally up compared to the previous year’s indicator, with the growth totaling +2% YoY.

Share of the domestic exports in total export constituted 72%

gbc.ge news - Fri, 08/19/2022 - 19:30
Tbilisi (GBC) - In January-July 2022 the exports of Georgia (excluding non-declared exports) equaled USD 3 100.7 million, 36.4 percent higher year-on-year. Share of the domestic exports in total export constituted 72 percent and amounted to USD 2 225.9 million, 34.1% higher to the same period of 2021, - according to the preliminary data published by Geostat.

Unemployment rate in Georgia down to 18.1%

gbc.ge news - Fri, 08/19/2022 - 19:29
Tbilisi (GBC) - In the II quarter of 2022, the unemployment rate in Georgia decreased by 4.0 percentage points compared to the corresponding period of the previous year and equaled 18.1%, - according to the National Statistics Office of Georgia (Geostat).
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