The FINANCIAL

Building Green Business in Georgia

The FINANCIAL -- Green Industry aims to turn present concerns regarding use of natural resources, pollution of environment and changes in climate, into business opportunities. Its two pronged aims are to achieve on ongoing basis improvements in resource efficiency and pollution intensity of existing industries in any sector (or ‘greening of (existing) industries’) as well as to support new ...

TBC Bank Positioned for Steady Growth Despite Macroeconomic Headwinds

The FINANCIAL -- TBC headed into 1Q15 in perfect financial health and with ambitious growth and efficiency targets. The completion of the Bank Constanta merger significantly enhances TBC’s ...

The Georgian Deputy Foreign Minister has addressed the Committee of Ministers' Deputies of the Council of Europe

The FINANCIAL -- The Committee of Ministers' Deputies of the Council of Europe held its 1224th meeting on 1 April 2015. Within the frames of the agenda item "the Council of Europe and the Conflict in ...

Georgian Deputy Foreign Minister has met the Permanent Representatives to the UN

The FINANCIAL -- On 31 March 2015, Georgian Deputy Foreign Minister Davit Jalagania met the Permanent Representatives of Guinea, Grenada, Jamaica, Cabo-Verde, Timor-Leste, Tonga and Uganda to the ...

"Green House" opened in Tbilisi

The FINANCIAL -- In connection to the World Autism Awareness Day, the First Deputy Minister of Regional Development and Infrastructure, George Amashukeli, together with the executive director of the ...

David Jalagania has met the Ambassador of the People's Republic of Bangladesh to Georgia

The FINANCIAL -- On 31 March 2015, Georgian Deputy Foreign Minister David Jalagania met Ambassador of the People's Republic of Bangladesh to Georgia H.E. Zulfiqur Rahman (with residence in Ankara), ...

Divan quality competes with itself in Batumi

The FINANCIAL -- Together with Azerbaijani investment and Turkish operation, Divan Suites Batumi serves Georgian Tourism and this quality service has been registered by the users of ...

PASHA Bank Georgia to Turn Profit in 2015

The FINANCIAL -- PASHA Bank Georgia plans to hit a number of operating mile-stones and targets related to the institutional development, staffing, IT systems implementation during 2015. The bank ...

PASHA Bank Georgia Targets Sustainable Growth in 2015

The FINANCIAL -- PASHA Bank Georgia has identified its market niche and finalized localization of brand platform. All in all, for the two years of its operation in Georgia the bank positioned itself ...

Net Profit of Georgian Commercial Banks to Decrease in 2015

The FINANCIAL -- Georgian commercial banks will face a reduction of profit due to squeezed economic activity in the country. Interest rates on loans are expected to increase and deposit rates to ...

Liberty Bank has the Best Offer for Georgian Depositors

The FINANCIAL -- With a 12.0% annual interest rate on term deposits in the national currency Georgian Liberty Bank leads the list of banks’ best offers for Georgian ...

Overdue Loans on the Rise in Georgia

The FINANCIAL -- The volume of overdue loans of commercial banks totalled GEL 305,646,000 as of 1 March, 2015. The number has grown from the GEL 294,768,000 from February 2015, showing a 14% ...

Georgian Currency Fall Impacts Online Shopping Business

The FINANCIAL -- Georgian shipping companies have seen a 15% decrease in orders in recent times. The devaluation of the Georgian Lari towards the USD by 30% has impacted on the previously growing ...