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Daily Archives: November 26, 2015

Magti Increased Service Cost to 1,5 million Subscribers

Magti increased telephone service by 40%, while sms service by 400% to 1,5 million subscribers. The terms are changed again for the subscribers of the so-called “Government Network”. The final change took place in the Summer, when the daily subscriber fee (5 tetri) has been set. After 5 months of …

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NBG Outlines Current Banking Trends in Georgia

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)

The number and sum of deposits made in Georgian banks is growing, shows current trends published by the National Bank of Georgia (NBG). The total amount of non-bank deposits in the country’s banking sector by November 1, 2015 was 13.9 billion GEL. This was an increase of 0.4 percent or …

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Main Trade Links Between Russia and Turkey Are At Risk

Turkey-Russia

Russia has warned of heavy economic sanctions after Turkey shot down a Russian warplane on its border with Syria. Russia is Turkey’s second most important foreign trading partner after Germany. As a result, experts say economic retaliation would be keenly felt by Ankara – but the Kremlin would not be …

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