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Monthly Archives: November 2014

EXCHANGE RATE MONITORING (24.01.2014-28.11.2014)

The GEL exchange rate against USD has considerably shrunk week on week. The rate declined by 2.3% to 1.8367 point from 1.7938 point grom November 24 to November 28. The GEL exchange rate against EUR fell by 2.6% to 2.2905 point from 2.2313 point. As to GBP, on November 24 …

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The 2014 State Budget Fulfillment May Fail

Several years ago the Georgian society used to associate the Georgian state budget with one unpleasant word – sequestration. Today another term – budget gap – has become relevant. In 2013 the state budget gap marked 640 million GEL. Economic experts do not rule out the 2014 budget fulfillment may …

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GEL Depreciates Again

After a slight strengthening, the exchange rate of the Georgian national currency has fallen again. The Minister of Finance of Georgia has spoken about the devaluation of the national currency today. In recent weeks, the rate of GEL against US dollar decreased by 4%, although,  a reduction has not yet …

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IFAD: GEORGIA SHOWS HIGHEST INDICATOR IN REGULATORY QUALITY CATEGORY

On November 19 the Caucasus University Center for Economy and Health Research (CU EHRC) held a final forum:IFAD Expertise – Georgia Government’s Management Quality. The forum was proposed by the EHRC analytical laboratory: International Monitoring Center of the Government. The Forum discussed a report on expertise developed by the UN …

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NODIA, URUMASHVILI & PARTNERS ANNOUNCE GOODWILL CASE RESOLVED

Nodia, Urumashvili & Partners legal company has spread a special statement. CBW publishes the document without changes: Nodia, Urumashvili & Partners legal company is pleased to announce about successful completion of business dispute over Goodwill, Georgia’s first network of hypermarkets. The Goodwill founder, creditors and suppliers have regained and strengthened …

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GOODWILL STAKEHOLDERS EXPRESS GRATITUDE TO SOCIETY

Goodwill stakeholders businessman Gogi Shevardnadze and Milano Investments Italian company have spread a special statement. CBW publishes the statement without changes: Today we are able to manifestly announce Goodwill, Georgia’s first network of hypermarkets, has withstood all problems, valuably met all challenges and found the most optimal way our from …

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Huawei In Georgia: Future of 4G Network and More

The Chinese telecommunications giant Huawei entered Georgia in 2001 and has since then established meaningful partnerships with the local mobile networking companies. The company offers innovative products to the Georgian consumers each year, having launched its latest mobile phone Honor 6 in Tbilisi last week. Not everyone in Georgia knows …

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REASONS FOR GROWTH IN MARKET OF MICROFINANCE ORGANIZATIONS

The Georgian financial market registered an appearance of microfinance organizations in 2006, when on July 18, 2006 the parliament adopted a law on microfinance organizations. Today, a total of 85 microfinance organizations with 307 service centres and branches are registered on the market. They employ 3 813 citizens as of …

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