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Daily Archives: March 27, 2017

New Daytime Center Opens by Support of Liberty Bank

New Daytime Center Opens by Support of Liberty Bank

Daytime Center has opened for persons with disabilities (PWDs) in the village of Saguramo, Mtskheta District. PWDs under and over 18 years old are able to receive services of the daytime center. The center is able to serve 25 beneficiaries, including various services are available for 15 underage and 10 …

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A New Georgian Startup: Pepela Wooden Bow Ties

 “During my stay in the US, I decided to create a Georgian Product. I discovered a wood workshop, where I had an opportunity to produce a product which becomes more demanding day by day. I made new and very original wooden bow ties” – declared Ivane Kharashvili What is the …

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Tender for the Construction of Storage to be Announced in 3 months

The tender for Storage engineering and construction works will be announced in 3 months, supposedly. According to the Deputy Minister of Ministry of Energy, Mariam Valishvili, a foreign consultant is hired to prepare a tender plan. “We united engineering stage which is the first and very important phase along with …

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All Tickets for One of Visa-Free Flights Outsold

All tickets have been outsold for one of the first visa-free flights to EU. No ticket is available from Kutaisi to Budapest on Wizzair website. The flight will be performed at 05:45 on March 28. Passengers will arrive in Budapest at 7 o’clock. Kutaisi-Thesaloniki flight will be performed at 6 …

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The Hirshon Georgian Khmeli Suneli Spice Mix

Citizens, your beloved leader, the inestimable and supremely beatific TFD, rocks Georgian food as few outside that beautiful country (yes, the COUNTRY) do. There are indeed a plethora of Georgian recipes throughout the chronicles of my recipes here, but one things stands consistent in most of these – they all …

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Basisbank Profits Grew in February

Basisbank Profits Grew in February

Basisbank profits constituted 4.212 million GEL as of March 1. The figure put the bank on the sixth position with a 3% ratio among 12 profitable banks (3.429 million GEL as of March 1, 2016; 8%). The Bank finished the January to February period with a high index of profitability. …

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Bank of Georgia Records Highest ROE

Bank of Georgia Records Highest ROE

Bank of Georgia has recorded the highest return on equity (ROE). Cartu bank emerged as an only organization among commercial banks with major supervisory capital that worsened Return on Equity. Currently, Cartu Bank has negative balance on ROE.     GEL % 1 TBC Bank 1.455.000 15.05 2 Bank of …

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TBC Bank is Leader in Terms of Deposits Portfolio

TBC Bank is Leader in Terms of Deposits Portfolio

Deposits portfolio has shrunk in Georgian banking sector. According to National Bank of Georgia (NBG), total volume of physical and corporate deposits marked 16.5 billion GEL as of March 1, 2017 (17.2 billion GEL as of February 1, 2017 – down 4% month on month and up 13% year on …

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Anatomy of Georgia’s Labor Market

Economists always discuss various statistics to appraise economic state of a country. Besides gross domestic product (GDP) level, the unemployment level  is one of the statistical indicators that draws attention of economists and society. Unemployment is a heavy burden on Georgian population and it leads to economic, psychological and social …

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