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Daily Archives: October 21, 2016

TBC Bank Announces about Completion of Deal over Bank Republic

TBC Bank Announces about Completion of Deal over Bank Republic

TBC Bank has become owner of 100% stake in Bank Republic. The transaction ended yesterday, on October 20, under which, Scoeiete Generale and European Bank for Reconstruction and Development (EBRD) sold 100% stake of Bank Republic to TBC Bank. The deal value has been paid and shares will be registered at …

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Eight New Airlines Launch Operation at Tbilisi Airport

Eight New Airlines Launch Operation at Tbilisi Airport

January-September period has recorded 23% upturn in passenger turnover at Georgian airports. The reporting period registered 2 181 684 passengers transported, up 103% compared to the same period of 2012. Market ratios of airports are as follows: Tbilisi International Airport – 79.1%, Batumi International Airport – 12,4%, Kutaisi International Airport – 8,4% and Mestia …

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New Zimbabwe Notes Stir Memory of 500,000,000,000% Inflation

Zimbabwe’s tentative return to its own currency is getting a hostile reception from citizens, who fear a recurrence of the 500 billion percent inflation that plagued the southern African nation before it abandoned its dollar seven years ago. The country will soon introduce so-called bond notes, pegged to parity with …

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Bank of Georgia Emerges as Market Leader in January-September Period

Bank of Georgia Emerges as Market Leader in January-September Period

Bank of Georgia finished January-September period with 119.281 million GEL net profits  (01.09.16 –119.281 million GEL + 26%). Ratio of Bank of Georgia in profitable banks (14 ones) accounts for 29.8% (01.09.16 – 27,2%). The bank is the market leader in terms of almost all indicators. As of October 1, Bank …

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Georgia to Launch Fuel Imports from Iran

Georgia to Launch Fuel Imports from Iran

In the near future Georgia will launch fuel imports from Iran, the Rezonansi newspaper reports. Previously, Georgia-based importer companies refrained from imports of Iranian fuel because of its low quality, but now Iran is ready to launch European-standard fuel production. As a result, Georgian oil importer companies consider Iran as …

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Azerbaijan to Join Motor Races in Georgia

Azerbaijan to join motor races in Georgia [PHOTO]

Fans of extreme, the country’s oldest off-road club “4×4 Club” will join Rain Forest Challenge in Georgia. One of the world’s top 10 toughest motor races will take in Tbilisi from October 20 to 23, Trend Life reported. National team includes Emil Guliyev, Kamran Asadov, Musa Mustafaev and prize-winner of numerous competitions Azer Bunyadzade. Race …

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Malala Yousafzai Wants To Become The Prime Minister Of Pakistan

Malala Yousafzai Wants To Become The Prime Minister Of Pakistan

Malala Yousafzai may only be 19 years old, but she’s already accomplished more than most people aspire to in a lifetime. In addition to being a staunch advocate for girls’ education rights around the globe, the Pakistani native is the youngest person to ever win a Nobel Peace Prize and …

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LG Glass Starts Procurement and Production of Natural Stone

The first vice-premier of the Ministry of Economy and Sustainable Development, Dimitri Kumsishvili familiarized himself to the restored factory of LLC “LG Class”. Participation in the state government program “Produce in Georgia” helped company to develop the new direction. More precisely, LLC “LG Glass”, which usually produces glass, will now …

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World Bank is Pledging Support Towards the Four Point Reform Plan

World Bank is pledging support towards the Four Point Reform Plan of the Government of Georgia. It was reiterated by Ms. Mercy Tembon, Regional Director of the World Bank in South Caucasus at the meeting with H.E. Giorgi Kvirikashvili, Prime Minister of Georgia. Visitor congratulated the Head of the Government …

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Being chosen by the Cannes Festival is a big victory for Georgia

On 17th and 19th of October, there was a 64th gathering of representatives of Cannes creative festival in London. The aim of the meeting is to invite all the representatives in the world to evaluate the whole year and discuss the strategy for the upcoming year. 2016 was very successful …

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