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Monthly Archives: January 2017

Children’s World Shopping Center is Insured for 6 million GEL

Children’s World shopping mall has been insured for 6 million GEL, the company commercial director Elguja Tsintsadze noted. The property has been insured at Aldagi insurance company, he added. As to goods in the building, Children’s World had leased spaces for commercial purposes and it is unknown whether lessees had …

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Finance Minister: Our Decision is to Protect Citizens from Business Model with Thousands % of Interest Rate

Kumsishvili: We are Meeting Investors on Restoration of Regional Airdromes

In his interview with the Kviris Palitra, Dimitri Kumsishvili, Minster of Finance and First Vice Prime Minster, has submitted arguments for restricting annual interest rates on loans. “Similar business companies appear in less-developed countries. They permanently expand range of activities before their operation is restricted. Online loan companies knew very …

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Strengthening Regional Cooperation to Mitigate Weather Extremes

Shamshad Akhtar

This month’s floods in Thailand are a worrisome reminder of the increasing uncertainty of extreme weather events. Thailand’s flood season usually ends in November, but this year, influenced by a low depression and a strong northeast monsoon, widespread flooding in the south of the country has killed more than sixty …

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Startup Georgia to Accept Applications throughout the Year

Startup Georgia will accept applications throughout the year, Startup Georgia director Vazha Menabde told the Business Contract. The process will not be ceased and authors of innovative ideas will be able to send ideas to Startup Georgia throughout the year, Vazha Menabde said. At this stage, the project budget is …

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Report on JSC Terabank Performance in 2016

Tera Bank

The year of 2016 was a period of significant challenges for Terabank. The bank has coped with all challenges successfully. Small and medium business sectors (SME) represent a main target segment for the Bank. At the end of the year, Terabank’s market ratio rose by 1.2% to 4.4%. Terabank has …

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Turkey Eyes to Expand Customs co-op with Georgia

Customs

Turkey intends to expand cooperation in the customs sphere with Georgia, Deputy Minister of Customs and Trade of Turkey Fatih Ciftci said during his visit to Georgia, Turkish media outlets reported. While discussing with his Georgian colleagues the issue of delays at the Red Bridge checkpoint on the Georgian-Azerbaijani border, …

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Georgian Churchkhela in Menu of Iranian Restaurant

Two weeks ago about 8 000 Churchkhelas produced by Gremi company were exported to Iran for Georgian Cafe, a small restaurant opened by a Fereidanian entrepreneur, who has bought the product for his own new restaurant and included it in the restaurant menu. Iranian party has invited chefs from Georgia …

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Larization in Georgian Economy

National Bank is Expected to Spend 400 million USD for Loans Larization, while Reserves were not Applied for Curbing National Currency Depreciation. Starting January 17, 2017 the so-called loans Larization program started. Physical bodies, who took mortgage loans in foreign currency before January 1, 2015, are able to convert them …

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Vino Underground: Wine Heaven

Vino Underground: Wine Heaven

Enek poured a rosy-colored splash of wine into our glasses, avidly explaining how this particular Aladasturi grape vine was meticulously cultivated in its native west Georgia. In a tasting ritual uncommon in Georgia, we swirled it, sniffed it and savored the flavor as it caressed our tongues. Here in the …

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