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Daily Archives: March 23, 2016

Gino Wellness Group to Open Hotel in Mtskheta

Gino Wellness Group to Open Hotel in Mtskheta

Wellness-hotel that will have over 22 rooms, will be opened in Mtskheta, at the end of April. The construction process of the Hotel building is implemented by Gino Wellness Group. According to the company representative, Ramaz Mikadze announced to “businessconatct“, that the project also takes into account the construction plan …

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David Gogichaishvili: I Gave up Bank Career because of Compressed Time

David Gogichaishvili

Caucasus Business Week had an exclusive blitz interview with General Manager of Night Show Studio, David Gogichaishvili. I graduated higher schools in both Georgia and abroad. For example, I hold three BA diplomas in banks and finances, journalism and the English Language and Literature. Moreover, I have finished MA degree …

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Evaluation of Georgia’s Foreign Direct Investment

Georgian money

Foreign Direct Investments (FDI) has acquired a vital importance for both developed and developing markets in the contemporary globalizing world. According to the preliminary report by Geostat, the national statistics service of Georgia, the country drew 1.35 billion USD FDI in 2015, down 23% compared to the 2014 final indicators. …

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Finance Ministry Made No Influence on GEL Exchange Rate Changes

Finance Ministry Made No Influence on GEL Exchange Rate Changes

 Georgian Finance Minister Nodar Khaduri has commented on strengthened GEL exchange rate and explained the tendency by changed situation on the regional level. The Finance Ministry has not made influence on either upturn or devaluation of the GEL exchange rate. “External factors have changed and regional economies, including oil exporter …

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Liberty Bank Ends February in High Profits

Liberty BankLiberty Bank

Liberty Bank has ended the month of February in high profits. The ROE marked 6.68% and the ROA amounted to 66%. Liberty Bank capital stock constituted 153.7 million GEL as of March 1, 2016. The bank ranks fourth in terms of assets with a 5.9% ratio.  1.03.16  000GEL Profits  1 …

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