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Monthly Archives: February 2016

Azerbaijan Increases Gas Export to Georgia

Azerbaijan Increases Gas Export to Georgia

Azerbaijan will be additionally supplying up to 500 million cubic meters (mcm) of gas a year to Georgia, said Rovnag Abdullayev, president of the State Oil Company of Azerbaijan (SOCAR). Abdullayev made the remarks speaking to Trend Feb. 29 at the second Southern Gas Corridor Advisory Council Meeting in Baku. …

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Bottles From The Cradle of Wine – Georgia

What kind of wine were they making 5,000 years ago? These wines may not get close, but they do hint at the colorful and unique history of winemaking in this part of the world. The country of Georgia in the Caucasus has more species of indigenous grape and a longer …

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Leonardo DiCaprio Finally Wins Oscar 2016

Leonardo DiCaprio Finally Wins Oscar 2016

Leonardo DiCaprio has finally won his first Oscar for survival epic The Revenant, after six nominations. He was named as as the best actor at the 88th Academy Awards, with Brie Larson named best actress for Room. Born in 1974 without a statuette, Leonardo Willhelm DiCaprio has starred in over …

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TBC Bank Tops List of Profitable Commercial Banks

tbc bank

Net profits of Georgia-based commercial banks in January 2016 marked 20 million GEL, up 4.4 million GEL compared to January 2015 and down 17 million GEL compared to January 2014 , the National Bank of Georgia (NBG) reports. ProCredit Bank Profits Shrink In 2015 commercial banks received historically high profits …

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Caucasus Business Week #135

Caucasus Business Week #135

1. TBC Bank Tops List of Profitable Commercial Banks 2. ProCredit Bank Profits Shrink 3. Irakli Rostomashvili: Bank of Georgia Deceives You by Putting Your Money into M2 4. Peculiarities of Georgia’s Transit Role and Current Challenges – Irakli Danelia 5. Bottles From The Cradle of Wine – Georgia 6. …

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Peculiarities of Georgia’s Transit Role and Current Challenges

Georgia Transit Role

The transit corridor represents a cornerstone of the state economy and foreign political positioning and this potential should be developed. Since Georgia’s transit potential is interconnected with the geopolitical and geo-economic functions on regional and international levels, all supposed economic and political risks, challenges and opportunities should be profoundly analyzed. …

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Temur Chkonia: Commercial Banks Control Georgian Economy

Temur Chkonia: Commercial Banks Control Georgian Economy

Today the Georgian economy is controlled by commercial banks, businessman Temur Chkonia said. “The bank sector controls all information, namely, the amount of salaries, the number of employees and soon. This is real control”, Mr. Temur Chkonia said. As to non-core businesses owned by commercial banks, this issue was actualized …

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Georgia Marks Rare Diseases International Day

IPF

Georgia joins Rare Diseases International Day with a special event to promote and raise awareness of several diseases. Rare Disease Day takes place on the last day of February each year. The main objective of Rare Disease Day is to raise awareness amongst the general public and decision-makers about rare diseases …

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Green Tea Agura Exported in Mongolia

Green Tea Agura Exported in Mongolia

The company “Emir“, based on Adjara is exporting high quality Georgian tea to the Mongolian market. Agricultural Projects Management Agency publishes information about another successful entrepreneur, who managed to expand the production by taking agro-credit that is one of state programs. Levan Okropiridze is one of those who benefited from agro-credit program …

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Trade Sector’s Ratio in Crediting Portfolio Keeps Falling

The trade sector’s ratio in total crediting portfolio has declined again. According to Geostat, the national statistics service of Georgia, the sector’s ratio makes up 25% (29% as of 01.12.2014) and the crediting volume is 1.683 billion GEL. In November the ratio declined by 28% month on month. The industry …

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Georgian Rugby Team Defeated Spain (In Pictures)

rugby

Georgia’s national rugby team continues the 2016 rugby season with an impressive international victory. The team defeated Spain 38-7 in its second game of the European Championship 2016 today. Looking ahead, Georgia will hold one more home game against Romania on March 19. In the meantime the Lelos will play game abroad against Russia …

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Azerbaijan Steadily Increasing Gas Supply to Georgia

Socar Georgia

The daily volume of Azerbaijani gas supply to Georgia has reached 8.3 million cubic meters, Mahir Mammadov, director general of ‘SOCAR Energy Georgia’ company, told Trend. Recently, 3.2 million cubic meters of gas from Shah Deniz and 5.1 million cubic meters of gas via the Hajigabul-Gardabani gas pipeline has been …

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