Home / 2016 / March (page 4)

Monthly Archives: March 2016

Did Investments in Ajara Grow or Decline?

Ajara

According to the 2015 preliminary report, the foreign direct investments in the Ajara Region declined by 24%, while the Ministry of Economy and Finance of the Autonomous Republic of Ajara assures that the ratio of foreign investments in total private investments made up 53%. PMC Research Center reports that the …

Read More »

Georgian Wine House Tamada Opens in China

wine china

Georgia continues promoting its wine and winemaking culture in China with the opening a new Georgian wine pavilion. Wine centre is located in China’s province of Jiangxi where about 30 million people live. One of the largest importer of Georgian wine to China “Xinjiang Beifaing Jianda Trade Co., LTD“ opened the pavilion. …

Read More »

Longest Playing Piano: National Record By Georgian Pianist

Tamar Babilua

Pianist Tamar Babilua broke a new national record by non-stop playing piano for 25 hours. The process has been supervised by Georgian Records’ Federation. Last year Babilua was diagnosed her with stage 3 cancer and it also should be noted that playing piano for such a long period of time …

Read More »

What are The Most In-Demand Jobs in Georgia? (List)

Waste recycling in Georgia

Government Reports about the Most In-demand Professions in Georgia, Barman, shop assistant, guide, locksmith, bricklayers – this is a shortlist of the most in-demand professions in the Georgian labor market. The Georgian Health Ministry has conducted the labor market research and outlined deficient professions in the country.  Giorgi Gamkrelidze, head …

Read More »

Foreign Investors Seek to Invest In Georgian Power Sector

Andria Gvidiani

The Association of Young Financiers and Businessmen (AYFB) comments on the preliminary report on IFD inflows that was published by the national statistics service of Georgia. Under the report, investment inflows to the power sector have decreased. The FDI inflows in the sector made up 90 million USD, down 100 …

Read More »

Price of Bank of Georgia Shares Rise at London Stock Exchange

Price of Bank of Georgia Shares Rise at London Stock Exchange

The price of Bank of Georgia shares (BGEO LN) increased by 18.2% at  the London Stock Exchange (LSE). The session week closed by 19.13 GBP (15-20 November) (+18.23% w.w.).  The maximum price made up 19.62 GBP and the minimum price marked 16.58 GBP, according to G&T. In the reporting week …

Read More »

Baku Among Top 50 Greatest Cities in the World

Baku Among Top 50 Greatest Cities in the World

Whether you love cities best for their architecture, culture, people or food, in Baku exactly will be something to capture your imagination. Located “where East and West meet”, Azerbaijan’s capital city Baku attracts many people from all over the world. Baku is absolutely stylish city with incredible synthesis of old …

Read More »

Private Retirement Scheme Registers only 20 653 Participants with Savings

Private pension schemes have registered 1 022 new participants year on year and total number of participants marked 20 653, up from 19 631 participants since November 2014. According to the state insurance supervision service, five insurance companies are registered in the private pension scheme, while citizens make savings in …

Read More »

CNN: Georgia Plans for 6% Growth Despite Oil, Currency Crisis

CNN Giorgi Kvirikashvili

CNN had an exclusive interview with Georgian Prime Minister Giorgi Kvirikashvili. Watch the video HERE. According to CNNMoney, Georgia is preparing for a huge boost in economic growth in the coming year, despite suffering from low oil prices and a recent currency crisis. Georgian Prime Minister Giorgi Kvirikashvili took office …

Read More »

Bad Loans Account for 538.8 million GEL as of March 1

Bad Loans Account for 538.8 million GEL as of March 1

Volume of bad loans declined in the bank sector to 3.3% ratio in total loan portfolio. Nonperforming loans marked 538.8 million GEL as of March 1, 2016. Bad loans (nonstandard, doubtful, bad) are regulated by 30%, 40% and 1000% reserve requirements. Reserves for possible losses exceeded 1 billion GEL, including …

Read More »

CNN: Georgia is Looking to Become a Go-To Trade and Logistics Hub

CNN: This Country Plans for 6% Growth Despite Oil, Currency Crisis

Georgia — a country with less than five million people — is preparing for a huge boost in economic growth in the coming year, despite suffering from low oil prices and a recent currency crisis. Georgian Prime Minister Giorgi Kvirikashvili took office in December, but already has big plans for …

Read More »