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Monthly Archives: May 2015

IMF: Georgia’s Economy Stable but Faces Ongoing Risks

IMF: Georgia’s Economy Stable but Faces Ongoing Risks

Georgia has weathered several shocks but the country still faces a number of challenges, says a report published by the International Monetary Fund (IMF). An IMF mission came to Georgia in June 2014 to learn about the stability of the country’s financial system, but presented their final results to the …

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Georgian President will meet NATO, EU Leaders

Georgian President will meet NATO, EU Leaders

The President of Georgia is meeting the top official from the North Atlantic Treaty Organisation (NATO) and other influential European Union (EU) delegates during his two-day official visit to Belgium. Today President Giorgi Margvelashvili will meet NATO Secretary General Jens Stoltenberg before meeting President of the European Council Donald Tusk …

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MiniCredit Opens New Service Center at Gldani Mall

MiniCredit has opened the MiniCredit Café innovative service center at the Gldani Mall, where clients receive interest-free credits starting May 2015. The MiniCredit Café staff provides a full package of services to clients, 50 GEL to 700 GEL credits on plastic cards and a variety of coffee during the application …

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Rating of Georgian Commercial Banks

RATING OF COMMERCIAL BANKS IN TERMS OF TOTAL ASSETS, STOCK CAPITAL, TOTAL LOANS, TERM DEPOSITS, NET PROFITS AND RESERVES ON EXPECTED LOAN LOSSES (AS OF 31.03.2015)

According to the regulations on financial transparency approved by the National Bank president by N.145 decree in 2006, Georgia based commercial banks must publish quarter financial reports. Therefore, commercial banks have already published the 1Q15 report (31.03.2015). We introduce ratings of commercial banks in terms of main parameters that give …

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TBC Bank: Securing Snow for the Ski Season

The Trade and Forfaiting Review (TFR), a leading trade and supply chain finance information publication, named a TBC Bank transaction as one of world’s top 15 deals in 2014. For TBC Bank, the winning transaction was a Letter of Credit issued for the import of the artificial snowmaking equipment, which …

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Georgian Railway Will Operate on World’s Leading Technological Platform SAP

Georgian Railway and a global market leader in railway maintenance systems SAP signed a cooperation agreement on May 7, 2015. While both companies called the agreement “historic,” the cooperation is expected to transform Georgian Railway’s performance drastically. Georgian Railway is the first company in the post-Soviet sphere and Caucasus that …

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Iranian company in talks to launch two power plants in Georgia

Since hopes for elimination of sanctions imposed over Iran are rising due to progressive nuclear talks, Iranian companies are accelerating the talks with regional countries on intake industrial projects. The Commercial Manager at the Iranian MEPCO Group told Trend May 7 that this company is in negotiations with Georgia and …

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Georgian Model To Be First To Appear on Avon Cover

Georgian Model Rusa Chachua, became first face of well known american brand Avon. Avon Products, Inc, known as Avon, is an American international manufacturer and direct selling company in beauty, household, and personal care categories. As of 2012, Avon had annual sales of $10.0 billion worldwide in 2013. It is the …

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Top 10 Richest Football Players in 2015

Association football, commonly known as soccer,  is the most widely played sports in the world. The biggest event of the soccer world, FIFA World Cup is considered as one of themost watched events of the planet Earth. Many other football events such as Spanish Liga BBVA, UEFA Championship, English Premier …

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