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Daily Archives: March 30, 2016

Annual Averaged Yield on GEL-denominated Loans Rise to 24.1%

Georgian Money

In February 2016, as compared to January 2016, the volume of GEL-denominated loans issued by commercial banks shrank to 39 million GEL, while foreign currency denominated loans increased by 23 million USD. At the same time, the GEL denominated loans increased by 361 million GEL year on year, while foreign …

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Experto Consulting to Assist VERGNET Group to Enter Georgian Market

Experto Consulting to Assist VERGNET Group to Enter Georgian Market

Experto Consulting is delighted to publicly announce that we have signed a partnership agreement with VERGNET Group. According to the partnership, Experto Consulting will support the Group and promote its knowhow in renewable energy on the Georgian Market. Vergnet is the leading global renewable energy solutions provider with a track record …

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Chinese CNTIC Considers Launch of Manufacturing of Glass in Georgia

Chinese CNTIC Considers Launch of Manufacturing of Glass in Georgia

Delegation of Partnership Fund, headed by Davit Saganelidze and George Cherkezishvili, head of Investment Department continues business meetings in the People’s Republic of China. Delegation of the Fund meets government officials and representatives of business circles in Shanghai. According to the Fund, delegation of Partnership Fund  met Chen Han Dzie, head …

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Jordanian Ranco Capital Studies Georgian Market

Jordanian Ranco Capital Studies Georgian Market

Delegation of big investment company Ranco Capital has introduced to the activity of Partnership Fund. The matter concerned to the ongoing and implemented projects of the Fund at the meeting held on Wednesday. The attention was focused on real estate and production sector. Jordanian businessmen are interested in two directions: 3-4 …

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Term for Interest Expression on Namakhvan HPP Cascade is Prolonged

Term for Interest Expression on Namakhvan HPP Cascade is Prolonged

Term for interest expression on Namakhvan HPP Cascade is prolonged until July 7. “JSC “Georgian Energy Development Fund” takes decision to extend application submission term at the consent of the Ministry of Energy, as the applicants’ proposals are discussed as the final and do not subordinate to the change, as …

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Blauenstein Georgia to Invest 18 million in Racha

Racha

Giorgi Kvirikashvili, the Prime Minister of Georgia attended the presentation that was held by the representatives of the company “Blauenstein Georgia”. Georgian-Swiss company showed up its plans for near future. The representatives made a statement that 18 million worth of investent will be implemented in Racha region. Additionally, it is planned …

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Georgian Alphabets are One of World’s Most Beautiful

Georgian Alphabets are One of World's Most Beautiful

Since the birth of the alphabet in the Near East around 2000 BC, endless writing systems from different languages and cultures have thrived and perished. The classic example is Egyptian, a highly developed civilization whose legacy remains the form of a famous hieroglyphic writing system, which we’ve never been able …

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The Memorandum of Cooperation Between GNAS AND GITA

The Memorandum of Cooperation Between GNAS AND GITA

On April 8, 2015, Georgian National Academy of Sciences and Georgia’s Innovation and Technology Agency (GITA) signed a Memorandum of Cooperation, in which the parties underline the significance of the development of innovations and technology for the economic growth, as well as the commercialization of scientific innovations and technologies, and establishment of sectoral centers …

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