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Daily Archives: October 25, 2016

BP Regional Manager, Georgian PM Mull Shah Deniz-2 project

Gordon Birrell

Georgia’s Prime Minister Giorgi Kvirikashvili met with BP Regional President for Azerbaijan, Georgia and Turkey Gordon Birrell Oct. 24, Georgia Online reported citing the prime minister’s office. During the meeting, an exchange of views was held on ongoing BP projects, which are being implemented in the region and Georgia. The …

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Dagi Company to Build Ambrolauri Airport Terminal

Dagi Company to Build Ambrolauri Airport Terminal

Dagi Company will build Ambrolauri Airport terminal. Dagi was an only company participating in tender announced by United Airports of Georgia and the company has won the tender. Agreement signature procedure is underway. Under the agreement, Dagi is obliged to build two-floor terminal with 813.6 square meter space till January …

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Samegrelo Strawberry Fields are Slippery but Satisfying

Authors: Irakli Kochlamazashvili and Eric Livny.  This article belongs to the ISET Economist Blog. Stemming from educated backgrounds, Nino Kvirkvelia and, husband, Irakli Todua invested their entrepreneurial skills and passion for harvesting strawberries into effect on their fertile 28-hectare land. In 2013, the couple seized the opportunity provided by ENPARD,  European Neighborhood …

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Current Condition Of Commercial Banks’ Loan Portfolio

The volume of lending by commercial banks (including loans to non-residents) in September 2016 increased by 74.0 million GEL or by 0.5 percent compared to the previous month and constituted 16.5 billion GEL by September 1, 2016 (exchange rate effect excluded it decreased by 0.2 percent). The volume of loans …

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Current Tendencies Of Bank Deposits

The total volume of non-bank deposits in the country’s banking sector decreased by 2.4 percent (exchange rate effect excluded volume of deposits increased by 1.6 percent), or by 346.3 million GEL, compared to September 1, 2016 and constituted 14.9 billion GEL by October 1, 2016. In September, the volume of …

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Bank of Georgia Attracts 50 million USD Financial Resource

Bank Of Georgia

Bank of Georgia has attracted 50 million USD financial resource thanks to efforts of Citi jointly with International Finance Corporation (IFC). The latter participates in financial component and ensures partial guarantee support through its global trade finance program (GTFP). This is the third financial component attracted by efforts of Citi …

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New Dried Fruit Brand Kareli Chiri Appears

It’s been six months since new dried fruit brand Kareli Chiri appeared on the Georgian market, Kareli Agro Industrial company is producing 4 products: pear, apple, plum and persimmon dried fruits. Ia Darakhvelidze from Company BRID has worked on the packaging design, Marketer.ge talked with Ms.Dakarkvelidze about branding and working process. …

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New Pipe Bar- Family Business Offering Pipes and Bongs Online

As Georgia welcomes a variety of nations into its borders, it becomes a country of exciting cultural integration. In this interview with Irina Papashvili, she discusses Pipe Bar- a recently developed family business offering a variety of uniquely designed pipes and bongs. The products are offered through an online store, …

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EBRD to Allot 6 million EUR to Georgia for Constructing Bridge with Armenia

EBRD to Allot 6 million EUR to Georgia for Constructing Bridge with Armenia

European Bank for Reconstruction and Development (EBRD) plans to finance modernization and reconstruction of Georgia-Armenia frontier point. The loan agreement for Bagratasheni bridge construction on Georgia-Armenia border was signed on November 23, 2012. Under the agreement, EBRD will allocate 10.3 million EUR to Armenia, while EBRD is discussing issue of …

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