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Monthly Archives: May 2016

Tbilisi Based Start-Up Transforms Social Networks

Hila Peled

For the last few years, startups have become country’s one of the most significant issues. Georgia is making efforts in funding local innovative projects and also attracting international startups. “Reasonable salaries, good developers, reliable internet, easy business registration, a creative and solid start-up community, and a nice climate”, this is …

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Tbilisi Hosting Georgia-Slovakia Business Forum

Tbilisi is hosting Georgia-Slovakia business forum. The event will be unveiled by Georgian Prime Minister Giorgi Kvirikashvili and President of Slovakia Andre Kiska. The business forum is organized by the national investment agency of Georgia, the investment and commercial development agency of Slovakia, the association of employers of Georgia and …

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Georgian Wine Introduced at VinExpo Hong Kong

Georgian Wine Introduced at VinExpo Hong Kong

On May 24-26, the VinExpo 2016 wine and spirits exhibition was held in Hong Kong. 12 Georgian winemaking companies participated with the support of National Wine Agency. On the opening day, Winery Khareba received prizes which it won in prestigious international competition “Les Citadelles Du Vin 2016” in Bordeaux: Kindzmarauli 2014 (semi-sweet red wine) was …

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Banks’ Sector Profits Grow by 75%

According to the statistics of the National Bank of Georgia (NBG), the Georgian bank sector ended the January to April period in 180.46 million GEL net profits. At the end of April, 2015 the sector’s net profits made up 114.8 million GEL and consequently, the profits have increased by 57.2% …

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Training Program for Job Seekers to be Enacted

Training Program for Job Seekers to be Enacted

Ministry Cabinet will renovate state training program for Job Seekers. According to Prime Minister George Kviriakshvili, the mentioned program is the essential part of the government’s 4-point reform plan. “The program is characterized by several key issues: the first, it is not a simple mediation between employers and job seekers, that  …

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The Fifth Wave of Natakhtari Fundraising Campaign Started

Natakhtari

Natakhtari Fund organized a press conference dedicated to the fifth wave of the fundraising campaign at Holiday Inn Hotel Tbilisi. The Company management and representatives of the Association Our Home Georgia introduced to the journalists and the audience the projects aimed at educating and employing adolescents deprived of care. Cuneyt …

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EBRD Affirmed Credit Line of 100 Million for Bank of Georgia

EBRD Affirmed Credit Line of 100 Million for Bank of Georgia

A credit line of 100 million has been approved to Bank of Georgia. To note, 50 million USD of the sum is envisaged for enterprise development support, 40 million USD to fund this segment separately and 10 million USD to fund women entrepreneurs operating in this segment. The funds will …

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We are Agreed that Financial Supervisory Should Remain in NBG

We are Agreed that Financial Supervisory Should Remain in NBG

The Vice Premier declares, that decision on remaining of Financial Supervisory in NBG is adopted. Dimitri Kumsishvili, minister of Economy has declared about it with TV-company “Maestro”. “I regard, that the issue is decided and now, we all are agreed that that Financial Supervisory should remain in NBG”, – the …

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Dimitry Kumsishvili: Economic Growth Can be 3.5%

Dimitry Kumsishvili: Economic Growth Can be 3.5%

Minister of Economy and Sustainable Development of Georgia Dimitry Kumsishvili made a statement that in this year economic growth might be more than 3% and it can reach 3.5%. As Kumsishvili noted to “business contact“, economic growth is supported by increased business activity and business expectations. “Today we see that …

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Unemployment Rate is at the Minimum of 12 years

Unemployment Rate is at the Minimum of 12 years

Unemployment rate is declined by 0.4 percentage point in 2015 comparing to 2014 and the figure has amounted to 12%. According to “Geostat”, unemployment rate has achieved the lowest index in 2015 through the last 12 years. Unemployment rate is rather low in village population comparing to the city, because …

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