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Monthly Archives: July 2017

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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Audio Guide Georgia Application for Tourists

Audio Guide Georgia launched few days ago. The application for tourists consists information about tours and audio guide about historical sites. Maps,GPS and audio are available offline when downloaded. The author of an idea is a graphic and web-designer Nikoloz Getsadze. Marketer had an interview with Nikoloz: How and when …

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VTB Bank Grows Crediting Volume in 2Q17

VTB Bank Georgia

VTB Bank has increased crediting volume. The growth in the second quarter totaled 3.4% (Q1/ 2017 – 893 million GEL). Net profits have grown by 54% (Q1/2017 -10.224 million). As of July 1 (H1/2017), VTB Bank ranks fourth in terms of assets with a 4.8% ratio. Assets   1 465 197 Loans …

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Iranian Mellat Bank enters Georgian Market

Iranian Mellat Bank enters Georgian Market

Iranian Mellat Bank enters Georgian market. The CEO of Iran Chamber of Commerce, Rahim Abachi told CBW exclusively that Mellat Bank recently has been actively spreading information in the Iranian Media about the plans on entering the Georgian market. According to Mr. Abachi, the talks about the entrance started in …

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Report on Lead Content in Food Products

Momxmarebeli.ge has published a report on lead content in food products. “Since National Food Agency has not spread valuable report on lead content in condiments and other products, We have requested these indicators from National Food Agency. We introduce the list of condiments examined on lead content in 2015-2017. These …

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EBRD approves Huge Loan for Shah Deniz Project

Shah Deniz

The European Bank for Reconstruction and Development (EBRD) will provide a $100 million loan to LUKOIL Overseas Shah Deniz Ltd to extend additional financing for its share in the second stage of the development of Shah Deniz, an offshore gas exploration and production project in Azerbaijan and one of the …

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Georgian Wine Documentary Screening at EBRD in London

The European Bank for Reconstruction and Development (EBRD) is hosting a screening of new Georgian documentary ‘Prime Meridian of Wine’ at its London headquarters on 5th October. In the 1960s, one of greatest discoveries in wine world was the acknowledgment of Georgia as the birthplace of wine. A young man, …

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