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Daily Archives: March 22, 2017

C-Power is Preparing for Construction of Thermal Power Plant in Gardabani

C-Power is Preparing for Construction of Thermal Power Plant in Gardabani

Project of LTD C-Power, subsidiary company of GIG, which envisages construction of thermal power plant in Gardabani is in an active phase. The company has already signed the contract on guaranteed power purchase with the operators of energy market. According to ESCO, the Ltd “C-Power” shall insure the construction and …

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Bank of Georgia is the Leader of Profitable Banks

Bank of Georgia is the Leader of Profitable Banks

Bank of Georgia’s profit has made up 36 million GEL in February, it is 40% of the sector’s profit (01/17 – 35.8 million). Profitability ratios are the highest – Return on Assets (ROA) is over 4.33% and Return on Equity (ROE) – 40.14% (01.17 – 4.22%: 40.66%). As known, the …

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Beeline Recommends the Government to Open the Corporate Market

Beeline Recommends the Government to Open the Corporate Market

“Beeline” (LLC Mobitel) protests change of corporate procurement conditions of mobile network for the state agencies. According to the company, the service procurement conditions are corrected so that “Beeline” can no longer meet them. “It has been prompted to cover 55% of the country’s territory by 3G network. Beeline covers …

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A Plan for Rehabilitation to be Submitted to Marshe Creditors

A Plan for Rehabilitation to be Submitted to Marshe Creditors

Rehabilitation Manager of convince foods producer company “Marshe” submitted a plan for rehabilitation. Giorgi Gvalia, who has been elected as rehabilitation Manager in April of previous year, will submit a plan for rehabilitation, prepared jointly with “Goodwill” and “Grand” to the creditors on March 31. Improving of the company is …

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GGU is Preparing for the London Stock Exchange

GGU is Preparing for the London Stock Exchange

Georgian Global Utility (GGU), owner of water and wastewater service providers in Tbilisi, Rustavi and Mtskheta, is actively preparing for the London Stock Exchange. The company declares that negotiations are held with investors, different funds, international finance institutions, as well as potential clients. The first IPO of the shares at …

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Larization Decreased Banks’ Credit Portfolio

Larization Decreased Banks’ Credit Portfolio

81% of banks’ landing accounts for 5 banks. Portfolio has been declined to all banks in February, including TOP-5. However, merely demand decline is not the sole reason. The volume of loans has been corrected by -20 point converting. As known, $75 million is converted in GEL through 2 month …

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Microsoft Unveils New Cloud Strategy Technology in Georgia

Microsoft to Introduce New Strategy of Cloud Technology at Rooms Hotel Tbilisi on March 23.  Nikoloz Doborjginidze, director general for Microsoft Georgia, will talk about advantages and opportunities of Cloud technology, digital transformation in business and its values, necessity of use of digital platform, Microsoft assistance package for business field …

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World-renowned Blockchain Experts Will Come to Moscow

On April 19, the most well-known global specialists in the sphere of blockchain technologies will come to Moscow. Together with Russian bankers and entrepreneurs they will discuss Russian and foreign blockchain projects in financial and non-financial spheres. The meeting will be driven by the annual Blockchain & Bitcoin Conference Russia …

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EU Rural Development Practice Brings Increased Opportunities for Georgia

The Government of Georgia has presented its national Rural Development Strategy 2017-2020 to representatives of national and local authorities, civil society organisations, diplomatic missions and international agencies. The Prime Minister of Georgia, Giorgi Kvirikashvili, highlighted the importance of a new approach to rural development grounded on the best European practices. …

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