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Daily Archives: October 6, 2014

Number of Property Sold at Auction Growing


During the year, the amount of property sold at auction in Georgia has increased. According to the registry  of debtors, in January-August 2014  in total 1154 units of the property were sold via auction, while in the same period of 2013 – 1 137. In addition, according to the register, …

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Gov’t Continues to Work on Antidumping Law


The government continues to work on theantidumping law. Work on the bill is  in progress at the Economy Ministry, however, is not yet known when the draft law will enter the Parliament. The law prohibits the import companies to setdramatically lower prices on products compared to the prices of the …

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Competitions for Public Services Postponed again

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Competitions for public services were  delayed. Parliament decided that the competitions would  be extended for the period of 2 months. According to the amendment, the deadline for the competition for the positions of  the local government officials that are to be staffed via  competition was changed for the fourth time, …

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PASHA Bank – First and the Only Bank from Georgia to Attend the SIBOS


PASHA Bank, a full service corporate bank, underlined its increasing role in international finance by attending Swift International Banking Operations Seminar in Boston, the USA. PASHA Bank was there to share practices and debate emerging issues. Already for the fifth time it  attended SIBOS. SIBOS is an annual banking and …

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Basisbank to Launch New Business Promotion Project


Basisbank offers a new promo project to the business sector representatives. Namely, starting October 1 small and medium-sized business sector representatives are able to join the Basisbank business club, receive a Basisbank credit business card and have an access to the business portal, specially created for the club members. The …

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Bank Republic completed 8 months with 25,4 million GEL profit


Bank Republic completed January-August with 25,4 million GEL profit. The bank’s profit equaled to 5,3 million in August. By September 1 deposits (non-banking) portfolio equaled to 516,2 million GEL (01/08/14 – 497,6 million), loans – 725,2 million GEL (01/08/14 – 737,3 million). Since the beginning of the year deposits have …

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Bank of Georgia attracted 15 million EURO from GGF


Bank of Georgia announced that they got credit line of 15 million EURO from South-Eastern European Fund – Green for Growth Fund. According to the press release of the leading Georgian Bank, GGF loan will be initially spent for the construction of energy efficient buildings in Tbilisi, which consume 20% …

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