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Daily Archives: May 15, 2017

Government Charges Georgian Manganese 416 mln GEL for Environmental Damages

Government Charges Georgian Manganese 416 mln GEL for Environmental Damages

Special manager is assigned at “Georgian Manganese” for 3 years, before May 9, 2020. During this period, Mr. Nikoloz Chikovani must ensure consistent and timely performance of license conditions, as well as the company’s continuous activities. News Agency GBC also learned that the Ministry of Environment charges “Georgian Manganese” environment …

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In January-April Georgia’s Foreign Trade Turnover Rose by 17%

trade turnover

In January-April 2017 Georgia’s foreign trade turnover (excluding undeclared trade) made up 3091 million USD, up 17% year on year. According to preliminary indicators of Geostat, national statistics office of Georgia, exports constituted 788 million USD, up 30% and imports marked 2 303 million USD, up 13%. Negative trade balance …

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One Billion USD Capital Chinese Bank to Launch in Georgia

The official ceremony of signing declaration, concerning founding Georgian development bank was held in Pekin today where Belt and Road Forum For International Cooperation was organized. The founders of the bank are largest Chinese corporations: “CEFC China Energy Company Limited’’ and the company „Eurasian Invest LLC”. The declaration was signed …

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How Many Banks Should Operate in Georgia

Bank of Georgia and TBC Bank Aspiring for Further Enhancement of Banking Sector Oligopoly. Last week active discussions were underway on how many commercial banks should operate on the Georgian market. On the one hand, it is ridiculous to discuss how many players should operate on this or that specific …

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