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Monthly Archives: November 2015

Apple Gears up to Distribute $3 billion to Shareholders


On November 12, Apple will pay shareholders of record a quarterly dividend of $0.52 per share, but investors must have settled ownership of the company’s stock by Thursday November 5 in order to qualify. Apple has been paying its shareholders a dividend about a month and a half after the …

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New Weather Station Benefits Georgian Farmers in Lower Kartli


Farmers in Georgia’s Lower Kartli region are now able to receive precise real-time weather data thanks to a new Agricultural Meteorological Station established in the area. The recently built weather station, installed by Georgia’s National Environmental Agency, will provide valuable information to farmers including weather temperature and humidity, precipitation, wind …

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Air Arabia, Georgia Team up for Indian Roadshow

Giorgi Chogovadze

Air Arabia has teamed up with the Georgian National Tourism Administratio to organize a roadshow in India. The events, which were held in Delhi and Mumbai, were designed to showcase Georgia as a destination to the Indian travel trade, as well as providing an update on Air Arabia’s flights and services. Events were …

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Georgia Unveils Collection of Iranian Short Stories

Iranian Short Stories

Ebrahim Hassan Beigi’s book White Spotted Horse, the first collection of Iranian short stories, was translated and unveiled in Georgia. The unveiling ceremony for the book White Spotted Horse by Ebrahim Hassan Beigi was held in the hall of Georgia’s National Library in Tbilisi on Tuesday evening attended by several …

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NBG Tightens Monetary Policy to Avoid Further Inflation

Inflation Geogia

The Monetary Policy Committee of the National Bank of Georgia  met on November 4, 2015 and decided to increase the refinancing rate by 50 basis points to 7.5 percent. The monetary policy decision is based on the macroeconomic forecast, according to which the National Bank of Georgia continues the monetary …

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Consumer Loan Regulations Turned Adrift

Consumer Loan Regulations Turned Adrift

Agrowth in the consumer loans portfolio – the new challenge before the Authorities that creates problems to the economic development, aggravates social condition, stimulates the imports and consequently, undermines the national currency stability. The consumer loans portfolio exceeds 2.3 billion GEL and this amounts grows on monthly basis. In whole, …

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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


(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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