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Daily Archives: July 27, 2017

New IFC Partnership in Georgia to Help Save Water, Conserve Power

New IFC Partnership in Georgia to Help Save Water, Conserve Power

IFC, a member of the World Bank Group, has signed an agreement to help the Georgian Water and Power (gwp) company, a leading supplier of water in Georgia, conserve resources and become more energy efficient, improving its competitiveness and environmental performance. With IFC’s advice, gwp will benchmark its energy consumption …

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Twenty Land Plots Transmitted to Anaklia Development Consortium

Government Buys Off 355 Private Properties for Anaklia Seaport Project Implementation

Anaklia Development Consortium has received 20 land plots and buildings on them in Samegrelo Region. The land plots were transmitted to the Consortium for building deep-water seaport and its management for a period of 49 years. Anaklia deep-water seaport container terminal will open in 2020. Anaklia Development Consortium has already …

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Government to Postpone Tobacco Packing Bill Enactment for 5 Years

The term for implementing legislative regulations for standardized packing of tobacco products will be postponed, namely: Government of Georgia will be obliged to reschedule an approval of tobacco products sales and packing standards for July 1, 2022, instead of July 1, 2017. Under the changes, the 31st December of 2022 …

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EV Charging Station at Tbilisi International Airport

EV Charging Station at Tbilisi International Airport

There is an electric car charging station arranged at Tbilisi international airport car park. The new service will be available free of charge for any electrical car owner. The project is a result of cooperation between TAV Georgia and E-space. It should be mentioned that in 2008 Tbilisi international airport …

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Facebook to Hire Georgian Market Specialist

Facebook is searching for Georgian native speaker employee, on Market Specialist Community Operations position. An employee will have to work for Facebook, as well as Instagram. Selected candidate will work on DST market and his obligation will be to solve the issues related to users’ accounts and study the issues of …

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Cottage Business created for Gem Fest

Cottages in Anaklia has recently launched close to Music Festival Gem Fest territory. Founder Mikheil Kvirtia says to Marketer that idea came up based on existing requirements. The service is mostly for young people who need comfortable living space during the event.   Mikheil Kvirtia: Me and my friends visited …

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Liberty Bank Tops Rating of Commercial Banks

Liberty Bank Tops Rating of Commercial Banks

Crediting portfolio of commercial banks marked 19.316 billion GEL as of July 1 (H1/2017). Larization coefficient is 41.01%  (01.06.2017 – 18.7 billion; + 3.2% m.m; 40.1%). According to National Bank of Georgia (NBG), GEL-denominated loans portfolio rose by 256 million GEL (+3.4 month on moth), while foreign currency denominated loans …

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National Bank of Georgia Keeps Key Interest Rate at 7 pct

NBG

National Bank of Georgia said it kept its key interest rate unchanged at 7 percent on Wednesday, based on forecasts showing annual inflation exceeding its target of 4 percent this year. Consumer prices were up 7.1 percent in annual terms in June, 0.4 percent lower from the previous month. “Rising …

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