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Daily Archives: December 26, 2016

TBC Bank Abolishes Shares Alienated from BNYM

TBC Bank Abolishes Shares Alienated from BNYM

TBC Bank pals alienation and abolishment of own shares from Bank New York Mellon (BNYM). The decision is adopted after the expiration of deposit agreement program with BNYM. TBC Bank Group, holder of TBC will alienate the remained 94 553 shares. The shares will be abolished after the finish of …

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Teliani Valley to Increase Competition on the Beer Market

Teliani Valley to Increase Competition on the Beer Market

Global Beer Georgia, subsidiary company of Teliani Valley, will also receive a grant of €73,000 to introduce energy efficient technologies from the EBRD’s FINTECC programme, co-funded by the Global Environmental Facility (GEF). The grant will go towards the construction of a CO2 recovery plant which will capture the carbon dioxide …

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The First AgroHub Market to Open in Georgia

The first Agro Hub market was opened in Tbilisi and its investment costs amount to 15 million GEL. Market is located in Tbilisi on N22 of Marshal Gelovani street. According to the information of Tbilisi city hall, the mayor of Tbilisi, Davit Narmania, the minister of Agriculture, Levan Davitashvili, the …

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TBC Bank Poster “Hello” to be Among the Best 200 Digital Works

Georgian artist, Abesalom Kavelashvili created a poster “Gamarjoba” for TBC bank and it was included in the list of 200 best digital works in the world and was printed n the prestigious Luerzers Archive publication „ 200 BEST Digital Artists Worldwide 2017/2018″ . Georgia was included in this publication for the first time. …

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Georgian Companies Adopt Women’s Empowerment Principles

A conference took place in the hotel “Tbilisi Marriott” organized by the UN Women and the NGO “Civil Development Agency” (CiDA), which represents the Georgian Network for the UN Global Compact. The conference was dedicated to the gender equality issues in the business sector in Georgia. Representatives of the business …

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Georgian Made Hail Protection Appliance to Export to Moldova

“DELTA”, an appliance for hail protection is ready to be exported to Moldova. The negotiations concerning the export are already at the final stage. “We are ready to provide them with the service and we are waiting for the final answer. We gave them full information. They know our conditions …

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Fees Will be Increased to Gambling Business from January 1

Fees Will be Increased to Gambling Business from January 1

Fees will be increased to gambling business from January 1. The government based on the analysis of previous years’ revenues, forecasts budgetary increase by 20 million for local governance units. The fee will be set from 20 000 GEL to 40 000 GEL in quarter for each casino table by …

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Visa Drives Secure Cashless Payments in Georgia with Visa Token Service

Visa Token

First in Georgia Visa Token Service program launched in cooperation with the Bank of Georgia. Visa Token Service creates secure environment to help accelerate innovation in ecommerce and mobile payments. Visa today announced the launch of Visa Token Service in Georgia – an innovative technology that provides a secure environment …

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GEL Devaluated by 14.8% Against USD from Early this Year

GEL Devaluated by 14.8% Against USD from Early this Year

National Bank of Georgia (NBG) purchased the same amount of USD, as it had sold. According to Galt & Taggart, NBG made foreign exchange intervention 24 times. The central bank purchased over 278 million USD and sold 280 million, at that 40 million – in the previous week. It should …

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