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Daily Archives: September 16, 2014

Commercial Banks Net Profit Increased by 11.6%

PMC Group Research Center has published a review of the banking sector. The research covers the January – July period. Net profit of commercial banks increased by 11.6% in  January –July  2014 compared with the same period of  2013 and amounted to  GEL 214.9 million. In July 2014, the balances of deposits increased (19.1%) …

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From 2015 Winemaking not to be Subsidized

The state is moving away from thesubsidizing winemaking and viticulture – according to Minister of Agriculture Otar Daneliya, winemaking isone of the most developed sectors of the economy, so the government will reconsider the policy of subsidizing. “I hope that winemaking will no longer need subsidies, as this industry is very stable and dynamically developing,” – the Minister states. Director …

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