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Monthly Archives: November 2016

Online Loan Companies Seeking Status of Microfinance Organizations

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Major online loan companies have spread a special statement regarding the November 29 decision passed by Government of Georgia and Prime Minister about regulation of online loan market. We respect government’s decision on the sector regulations; We ask government to mediate before National Bank of Georgia for accelerating process of …

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Filbert Exports from Zugdidi to Europe

Filbert Exports from Zugdidi to Europe

Before succeeding in exports business, she launched household enterprise, but success came soon and she decided to expand business. Maia Mikava, Terabank business client, is our respondent today. She has passed very interesting business history. «I started filbert exports business by very small household enterprise, but later I realized expansion …

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Development Companies Dissatisfied with the Government’s Initiative

Development Companies Dissatisfied with the Government's Initiative

Some construction companies say the government’s initiative will be impediment to the real estate market development – in particular, the obligation to use the national currency in advertising primarily byconstruction companies which specify property prices only in dollars – including in ads. “A construction company can indicate the price per …

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BTK Railway to Connect Azerbaijan to Europe

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Turkey expects the first branch of the Baku-Tbilisi-Kars (BTK) railway to be commissioned in early 2017, Minister of Transport, Maritime Affairs and Communications of Turkey Ahmet Arslan said in an exclusive interview with Trend. He said that the second branch of the BTK railway will be commissioned during 2017. “The …

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GEF to Finance Environmental Protection Projects

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GEF granted 400 000 USD for the environment protection projects.  The Ministry of Environmental Protection and Natural Resources and UNDP started a small grant program which will be implemented with the finances from GEF. The presentation of the program took place in “Tbilisi Mariot”.   There has been 400 000 USD …

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National Bank: Banning Taking Small Loans in USD Would Not Increase Interest Rate

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Low dollarization interests everyone, including population, government, investors, commercial banks and other players of financial sector, Vice President of National Bank of Georgia, Archil Mestvirishvili said. We have worked out 10-point plan, which focuses on three main directions: First is increasing Lari lending affordability which implies long term loans, and …

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Insurance Companies to Finance Insurance Supervision

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 Insurance companies will be responsible to finance insurance supervision service. The head of Insurance supervision service, Ioseb Gogolashvili declared about it. According to his information, the sector is aware of this issue. Supposedly, there will be monthly tax which companies will have to pay. The budget of Insurance supervision service …

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Georgia-Ukrainian Business Forum in Tbilisi

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With the support of Georgian trade-industry chamber, Georgian Ukranian business forum was held in Tbilisi. Business meetings with potential business partners were planned by trade-industry chamber in the hotel “Old Tbilisi”. From Georgian side, more than 30 companies were involved in the meeting. Ukrainian business delegation visited Georgia on 28th …

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Bakko- A Georgian Girl with Amazing Voice from New Jersey

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In 90s, many Georgians immigrated to foreign countries because of difficult social-economic reasons.  One generation was practically already raised there. There are lots of talents among this generation and Barbare Mchedlishvili, known as Bakko is one of them. After recording covers of a lot of famous songs, Georgian musician talks …

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