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Monthly Archives: May 2017

Commercial Bank Supervisory Board Members Banned to Occupy Executive Positions

Under amendments to the Law on Commercial Banks, members of supervisory boards of commercial banks are banned to occupy executive positions, in compliance with international practice and standards. At this stage, there are two directors in TBC Bank supervisory board: director general Vakhtang Butskhrikidze and deputy director general Giorgi Shagidze …

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The Reasons Government Fails to Regulate Financial Pyramids

Last week the damaged depositors held protest rally in front of the Parliament’s building. They accuse the Authorities of indifference to their problems. At the same time, the parliament’s group that was created to protect the depositors’ rights and work on improving the legislative gaps has made no progress in …

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TBC Bank’s Market Capitalization Grows to 893 million GBP

TBC Bank

TBC Bank’s Market Capitalization Grows to 893 million GBP. A total of 354 000 shares of TBC Bank (TBCB LI) were sold at London Stock Exchange (LSE) in previous week. The trading session week closed at the price of 16.95 GBP per share (L/m – GBP 16.25; +7.01% m.m: +5.74% …

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Georgian Wine of Dzelshavi Grape Variety to Enter US Market

Maradiuli, Georgian natural wine, will be exported to the USA eugeorgia.info reported. Giorgi Kemertelidze started production of red wine of Dzelshavi grape variety 18 months ago. He makes wine in Kvevri. “There are several pubs in Tbilisi, where natural and bio wines are sold. An exhibition was held in one …

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Construction of Anaklia City Jointly with the Sea Port Underway

Construction of Anaklia City Jointly with the Sea Port Underway

Building of the city is planned along with the development of Ankalia Deep Water Sea Port. “TBC Group” and “Conti Group” have already announced the plan and company “Anaklia City” is already founded, which will take care of the development of the city. The new company would be supervised by …

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Elton John To Perform At Black Sea Arena on September 16th

British prominent singer and songwriter Elton John heads to Georgia on 16th of September at Black Sea Arena. According to Channel 1, Easter Promotion and Bank of Georgia’s personal service group SOLO will host the singer. Other details regarding the concert will be known tomorrow on a special conference. John has worked …

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Innovative Website Assisting you to Get Hired

 There are certain difficulties finding professionals for different fields. However, it is even harder to find qualified people for very specific fields. Innovative website profix.ge handled this issue for its users. It was launched few months ago and it makes it easier for physical person to find professionals from different fields. There …

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First Social Enterprise – Adapted Hostel Opens in Batumi

Life Tree, a foundation owned by Bank of Georgia, has announced about inauguration of the first social enterprise-adapted hostel – Black Sea Hostel in Batumi. The mentioned project had won the third social entrepreneurship grant program announced by Bank of Georgia. The bank has financed the project by 50 000 …

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Kutaisi Airport Among 12 Most Beautiful Airports in the World

Kutaisi International Airport also known as David the Builder Kutaisi International Airport, has been listed among 12 Most Beautiful Airports in the World. High-design airports are now scattered throughout the world, with big-time design firms like Foster + Partners, SOM, and Grimshaw tackling head-on the challenge of moving millions of people …

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Economic Growth Pace Dropped 2.5 times in April

Georgia’s economic growth pace sharply declined in April, as compared to March indicators. However, the January t April indicators are positive, anyway. According to early report by Geostat, national statistics service of Georgia, in April real GDP growth pace made up 2.1%. Averaged real upturn in the first quarter of …

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