Daily Archives: September 2, 2016

Depositors of Closed Azerbaijani Banks Get Over 226M Manats

Depositors of Closed Azerbaijani Banks Get Over 226M Manats

Azerbaijan Deposit Insurance Fund (ADIF) paid compensations worth over 226.04 million manats to depositors of Dekabank, Kredobank, Zaminbank, Parabank, Caucasus Development Bank, AtraBank, Bank of Azerbaijan, Ganjabank and Texnikabank, ADIF said in a message Aug. 31. Below is the list of closed banks and the volume of obtained compensations as …

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Large-Scale National Exhibition of Belarus Opens in Tbilisi

Large-Scale National Exhibition of Belarus Opens in Tbilisi

Belarus and Georgia intend to develop cooperation in such areas as economics, IT and tourism. Prospects for deepening of Georgian-Belarusian relations were discussed by Prime Minister of Georgia Giorgi Kvirikashvili and Deputy Prime Minister of Belarus Mikhail Rusy. Experts point out that the opening of the Belarusian embassy in Georgia …

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Georgia Interested in Belarusian Concrete Motorway Construction Practices

Georgia Interested in Belarusian Concrete Motorway Construction Practices

Georgia is interested in Belarus’ experience of building concrete motorways, BelTA learned from Belarusian First Deputy Architecture and Construction Minister Alexander Kruchanov. Alexander Kruchanov said: “Georgia takes an interest in our experience concerning the construction of motorways, including concrete ones which are designed to last longer than conventional motorways. As …

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Rusy: Belarus and Georgia Have Complementary Economic Interests

Rusy: Belarus and Georgia Have Complementary Economic Interests

The economic interests of Belarus and Georgia are complementary, Belarus’ Vice Premier Mikhail Rusy said at the opening of the Belarusian national exposition in Georgia on 1 September, BelTA has learned. Mikhail Rusy greeted the guests of the exhibition and participants of the business forum that will take place as …

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Georgia Among the Countries for Whom Nothing is Impossible – Mercy Tembon

Georgia Among the Countries for Whom Nothing is Impossible – Mercy Tembon

Experts from the World Bank will help Georgia improve its position on the Logistics Performance Index (LPI). Georgia’s LPI results and ways of improving them were the subject of discussion between Deputy Minister of Economy Davit Khutsishvili and World Bank’s regional director Mercy Tembon. According to the Ministry of Economy, the …

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Annual Inflation Falls in Georgia

Annual Inflation Falls in Georgia

In August 2016 the monthly inflation rate amounted to 0.4 percent in Georgia. Compared to the same month of the previous year, the Consumer Price Index change (annual inflation rate) posted a 0.9 percent increase. Compared to the 2010 average, the index rose by 16.2 percent. The monthly inflation rate …

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ADB Predicts Georgian Economy to Grow by 4%

ADB Predicts Georgian Economy to Grow by 4%

The Asian Development Bank (ADB) has approved a $100 million loan to help the government better mobilize domestic resources to address limited availability of finance for small businesses a critical obstacle to inclusive economic development and increase access to long-term finance on 31 August. “ADB will support government reforms to …

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ADB to Help Georgia Boost Domestic Resources for Inclusive Growth

The Asian Development Bank (ADB) has approved a $100 million loan to help the government better mobilize domestic resources to address limited availability of finance for small businesses–a critical obstacle to inclusive economic development–and increase access to long term finance on 31 August. The program agreements were signed by the …

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