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Daily Archives: November 4, 2015

National Bank: Commercial Banks don’t Own Non-core Assets

Giorgi Kadagidze

President of the National Bank of Georgia (NBG) George Kadagidze cannot agree with the opinion that commercial banks still hold non-core assets, after the law banning  such ownership was passed. “These cases were not frequent  before  the adoption of the law but now a process of separation of non-core assets …

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Finland May Pay Citizens 800 Euro Montly Just for Being Finns

FInland

(Bloomberg View) — An official at the Finnish Social Insurance Institution, known as KELA, said last week that each Finn could receive 800 euros ($876) a month, tax free, that would replace existing benefits. Full implementation would be preceded by a pilot stage, during which the basic income payout would …

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Georgia’s Monthly Inflation Reaches 0.8%; Annual Rate Equals 5.8%

Georgia’s monthly inflation rate is slightly dropping while the annual inflation rate is on the rise following price changes to several major commodities in the consumer basket. Georgia’s National Statistics Office, Geostat, released latest information about the country’s monthly and annual inflation rates; the October 2015 monthly inflation rate reached …

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MasterCard’s Ukrainian Office to Coordinate in Georgia.

Vera Platonova

The Ukrainian office of MasterCard will coordinate company’s activities in Georgia. Vera Platonova, Head of MasterCard Europe representative office in Ukraine and Moldova, will manage the company’s activities in above-mentioned regions together with the Kiev office team of MasterCard using international expertise and vast experience of MasterCard on the Ukrainian …

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Number of Russian Companies Registered in Georgia Growing

Number of Russian Companies Registered in Georgia Growing

According to Georgian media reports, in January-August 2015, a total of  232 companies owned by the Russian citizens were registered, while in the same period of 2014 – 215. However, only 21 companies  are working actively. For Russian business the most attractive areas are trade, tourism and construction. The Russians name …

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