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Monthly Archives: February 2016

Tangerines Named As The Best European Film

Estonian Film Biz Rides Post-Oscar Bump

Academy award and Golden Globe nominee, Tangerines was named as the best European film by one of the most prestigious Spanish film awards Gaudi Awards. The annual Gaudi Awards selected the Estonian-Georgian movie from four cinema projects from Europe. Prestigious ceremony which was held in Barcelona city  also awarded films in 22 other …

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Caucasus Business Week #131

Caucasus Business Week #131

1. Gas Storage Tank will Strengthen Georgia’s Regional Positions 2. Everybody against LARI 3. Georgian Bank Sector Hampers Georgian Economy Modernization 4. Commercial Banks Reap Record Profits 5. Tsezar Chocheli – I have Paid the Price for Escaping Communication with Media 6. Setup your offshore company in Dubai 7. Jean-Elie …

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Commercial Banks’ Net Profits Grow by 13.2%

In 2015 net profits of Georgia-based commercial banks marked 527.394 million GEL, up 13.2% compared to 2014. Namely, the net profits of commercial banks made up 474.808 million GEL in 2014, according to the statistics of the National Bank of Georgia (NBG). In 2015 revenues of commercial banks constituted 3.454 …

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Georgian Bank Sector Hampers Georgian Economy Modernization

Zura Kukuladze

Zura Kukuladze editor-in-chief for the Bank and Finances newspaper, overviews the bank sector issues and challenges Several days ago Sberbank CEO Herman Gref openly criticized the Russian Authorities. The Russian Federation has lost the competition and the development paces have decelerated, he pointed out. Georgian bankers have never made similar …

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Everybody against LARI: GEL Sees Historical Bottom

GEL currency

The GEL exchange rate keeps depreciating. Last week the Georgian national currency saw its historical minimum against USD (1USD=2.49 GEL). Unlike the previous year, when GEL was extremely depreciating, in January 2016 the devaluation paces have decelerated. Despite encouraging statements by the government and the National Bank representatives, the GEL  …

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Gas Storage Tank will Strengthen Georgia’s Regional Positions

gas storage

Expert in energy issues Zurab Garakanidze talks about Georgia’s perspectives from the gas storage tank construction and the importance of the project implementation, in general. “We have already found due finances for constructing a gas storage tank, Georgian Energy Minister Kakha Kaladze noted. SOCAR is interested in participating in the …

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