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Daily Archives: February 23, 2016

Economic Expert: Mashkevich Has Unveiled Serious Initiatives for Our Country

demur_giorkhelidze

Outstanding billionaire Alexander Mashkevich plans to implement several system projects in Georgia jointly with his business partners. He makes focus on the medical services and pharmaceutical sector. The long-term investments aim at making high-quality medical services more attainable and lowering medication prices. Humanity Georgia company has launched operation in the …

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KSB Makes Changes in Intrest Rates on Deposits

KSB Makes Changes in Intrest Rates on Deposits

The benefit of foreign currency deposits decreased at Kor Standard Bank (KSB), however it increased for domestic currency deposits. Deposits held in: US dollar – 1 year deposit, the annual interest rate 4.95%. Euro – 1 year deposit, at annual rate of 4.4%. Lari – 12 month interest rate on deposits …

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Wizz Air to Invest 100 mln EUR in Georgia Through the Year

According to Dough Oliver, head of Communication Department of Wizzair, the company will invest 100 million EUR in Georgia through the year. The mentioned sum should be spent on crafts and base services. Oliver declares, that the based air company will perform flights to 7 new directions, which should be …

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Each Road Goes To SOCAR: Kaladze Plans Another Visit to Azerbaijan

Kakha Kaladze

Negotiations held between Georgia and Gazporm in Vienna has finished without a result. Russian side does not plan to take Georgia’s demands into account, while Georgia stands steady on the position, Negotiations concern to the monetization of gas transit fees and purchase price of gas from Russia by Georgia. The Vice-Premier …

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Silk Road Bank Closes Several Branches

Silk Road Bank has announced an optimization of expenditures and has closed several branches, including in Tbilisi (Tsereteli Avenue), Batumi (Radisson hotel) and Poti (Aghmashenebli Street). The bank stakeholders will mull over new priorities at the March 4 general meeting. The agenda also includes a determination of salaries of the …

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Ilia Tsulaia: Footwear Imports-Sales was My First Business Activity

Ilia Tsulaia

Caucasus Business Week had an blitz interview with General director of Archi Group Investment company Ilia Tsulaia, Archi Group. I am a lawyer by education. I easily started my first job. Before the university graduation, I took office at a law firm as a private law defense lawyer. I do not remember …

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Adjaristsqali Georgia Finances More than 70 Social Projects

Adjaristsqali Georgia Finances more than 70 Social Projects

 Adjaristsqali Georgia executive director Roni Solberg addressed the media and business sector representatives at the conference dedicated to the corporate social responsibility issues. The event was held at the Radisson BLU Iveria hotel. The company head talked about the implemented projects and social responsibility role in the country and social …

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Mortgage Loans Portfolio Grows

Mortgage loans Georgia

More than 100 000 Borrowers Lost Property in Georgia, the portfolio of foreign currency denominated loans that are guaranteed by property has increased by 1.658 billion GEL year on year. This is a dramatic high figure for the past years. It should be also noted, because of the national currency volatility, …

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