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Monthly Archives: February 2016

National Bank of Georgia Evaluates Current Conditions of Banking Sector

The National Bank of Georgia evaluates current conditions of Banking sector in Georgia, three reports show conditions of commercial banks’ assets, loans and deposits. Current Condition Of Commercial Banks’ Assets As Of February 1, 2016, The Banking Sector In Georgia Is Represented By 19 Commercial Banks, Including 17 Foreign-Controlled Banks …

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Kazakhstan Reveals Plans on Trans-Caspian Route

Kazakhstan has revealed its plans on Trans-Caspian international transport route. Kanat Alpysbayev, the Deputy Head of Kazakhstan Railways JSC, told Trend that the Central Asian nation eyes starting regular flights on the route in 2016 and sending 53 container trains via it by the end of the year. He believes …

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Skybus Plans to Make Charter Flights from 9 Cities of Kazakhstan

Skybus Plans to Make Charter Flights from 9 Cities of Kazakhstan

Company Skybus plans to make charter flights from 9 cities of Kazakhstan to Batumi during the summer season. The company will perform flights once a week from the biggest cities: Astana, Almaty, Aktau, Atyrau, Qaraghanda, Aqtobe, Kustanai, Chimkenti and Qizilor. Representatives of Adjarian Tourism Department launched presentations linked to the …

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Levan Peradze: Health Ministry should Be Aware of Public Needs and Worries

Public Streets

“What Hurts? – the joint social project by the Georgian Health Ministry and Global Alliance consulting group. Any reform may be successful if it meets the public expectations and requirements, the project initiators said.  The CBW editorial board has explored the opinion of the medical circles on this campaign. Levan …

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Israelian Company BRIMAG to Express Interest towards Georgia

Israelian Company BRIMAG to Exptres Interest towards Georgia

“BRIMAG“, an Israelian company is keenly interested in developing new businesses in Georgia. The chairman of “BRIMAG”, which is one of the largest hardware stores in Israel, and which is an investor of “Elit Electronics”, expresses its interest towards Georgian business development. The Radio Fortuna was informed by the Partnership Fund, …

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Azerbaijan, Iran to Deepen Energy Cooperation

Azerbaijan, Iran to Deepen Energy Cooperation

Azerbaijan and Iran with their huge energy prospects have recently intensified all-out cooperation in the energy sector. The two countries, eyeing a milestone in this sector, achieved a breakthrough after co-chairs of the Azerbaijan-Iran intergovernmental commission – Azerbaijan’s Economy and Industry Minister Shahin Mustafayev and Iranian Minister of Communications and …

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Investor to Put 40 000 GEL in Ozurgeti Tea Processing Plant

David Khutsishvili: Investor to Put 40 000 GEL in Ozurgeti Tea Processing Plant

David Khutsishvili stated, in Ozurgeti tea processing plant 40 000 GEL will be invested. Three new enterprises have been launched as part of the Produce in Georgia state program – a tea processing plant, filbert processing enterprise and a food product enterprise, Deputy Minister of Economy and Sustainable Development of Georgia told …

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The National Bank Of Georgia Continues Developing Financial Literacy

Georgian money

Inflation, banking, balance sheets, law of supply, GDP in depth – these are the topics covered by the new eight educational videos, developed by the National Bank of Georgia. The NBG started this project in 2015 for the purpose of fostering financial literacy in the country. The target audience of …

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Technologies Wants to Deliver Goods With Six-Wheeled Robots

Technologies Wants to Deliver Goods With Six-Wheeled Robots

Two former Skype co-founders, Ahti Heinla and Janus Friis, are jumping on the automated delivery bandwagon this week with the launch of a new company called Starship Technologies. However, rather than using airborne, drone-based delivery methods like Amazon and Google, the company is proposing an Earth-bound delivery solution that relies on a fleet …

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Kadagidze Leaves – I Think We’ve Done Lots of Things

Office term of 7 years (3,5 years – National Movement and 3,5 years – Georgian Dream) expires to the president of National Bank of Georgia on February 25. Giorgi Kadagidze leaves the position, as the best manager of Europe’ Central Bank of 2014, with a lot of praises and criticism. …

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Three Important Projects for Business Development

Three Important Projects for Business Development

During the Cabinet Session, the government discussed three important projects: nut processing factory, tea factory and a milk processing plant will be financed within the program “Produce in Georgia“. At Senaki Municipality, specifically in the village Menji, it is planned to set up nut processing plant. This specific investment is worth …

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