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Daily Archives: November 29, 2016

Georgia To Ban Online Credit Services

Giorgi Kvirikashvili

According to the Prime Minister of Georgia, Giorgi Kvirikashvili, issuing online credits will be banned in the county. “Together with National Bank of Georgia, we are working on Consumer Rights law, and online credit services will be banned. I think it will have medium and long term effect”.

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Loans Till 100,000 Laris Will be Issued only in GEL

Lari GEL Loan

From January 2017, small loans equaling 100 000 laris will be issued only in GEL. Georgian PM Giorgi Kvirikashvili announced. In addition loan limit will increase till 200 000 GEL. According to him, a new commercial law will be introduced soon which will make inevitable to publish prices of goods and …

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Ajara Presented at Warsaw Tourism Exhibition


Ajara Tourism Department presented a region tourism potential on 24th Tourism Exhibition at “TT Warsaw”. The department was presented at the exhibition together with national tourism administration and tourism agencies. During 3 days, the visitors who approached Georgian stand had an opportunity to get an information about touristic products and …

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Oil Prices fall on Doubts Over OPEC Production Cut

Oil Prices fall on Doubts Over OPEC Production Cut

Oil prices fell around 2 percent on Tuesday on signs leading oil exporters were struggling to agree a deal to cut production to reduce global oversupply. The Organization of the Petroleum Exporting Countries will meet in Vienna on Wednesday aiming to implement an agreement outlined in September to cut output …

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How to Take Business Loan


Those, who plan to expand their business activities, reach higher levels or  want to draw financial resources for unique idea will find this interview very interesting.We have interviewed Konstantine Makatsaria, head of micro, small and medium business department of Terabank, about business sector crediting and other business products of the …

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Iran-Azerbaijan-Georgia Corridor to Launch in 1 Month


Iran, Azerbaijan and Georgia are carrying out a plan to make operational a long-overdue corridor that will carry shipments from the Black Sea – between Eastern/Southeastern Europe and Western Asia – to the Persian Gulf in the southeastern Middle East. The announcement was made by Deputy Head of the Islamic …

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The Shortest Road to Connect Georgia and Armenia has been Completed


The Ministry of Regional development and Infrastructure roads department  completed the construction of the highly important main road Guguti which leads the way from Ponichala to Marneuli.  The road is the shortest way to connect Lower Kartli Region and the Republic of Armenia with Tbilisi. The rehabilitation of 15 kilometers …

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GNIA Presented Georgia’s Investment Opportunities to Danubius Hotels Group


Hungary based Danubius Hotels Group, invited by Georgian National Investment Agency (GNIA), paid a visit to Georgia. In the frame of their first introductory visit to the country, the guests were informed about the investment opportunities in Georgia’s famous resorts: Sulori, Amaghleba, Tskaltubo and Akhtala. Danubius Hotels Group, engaged in …

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“Kareli Dried Fruit” to Produce Watermelon Dried Fruit


The company “Kareli Dried Fruit” starts producing Watermelon Dried Fruit. The founder of the company, Giorgi Kvirikadze talked about the changes. According to his information, new kind of dried fruit will appear on the market in 10 days. he company will offer the new products to the customers during New …

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