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Monthly Archives: July 2017

Construction of Two Kilometers Tunnel Started in Dariali Gorge

Tunnel construction begins in the Darial Gorge. A 2-km tunnel of international importance will be built  under the project. The project budget is GEL 47 179 224 which is  funded from the state budget. The government decided to carry out the project due to more frequent natural disasters  occurred  in …

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Baku-Tbilisi-Kars Railway to Attract Transit Cargo Traffic to Kazakhstan

With the commissioning of the Baku-Tbilisi-Kars railway line this year, cargo from China will be transported through Kazakhstan along a shorter route to Turkey and on to Europe. This was said during a working trip to Azerbaijan and Georgia by Kanat Alpysbayev, the head of Kazakhstan’s national railways company Kazakhstan …

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ADB to Join Clinics Development Process in Georgia

Asian Development Bank (ADB) plans to participate in clinics development process in Georgia. The issue was discussed at the meeting with ADB private and public partnership (PPP) office coordinator Joseph Lim. The parties discussed clinics development potential and existing situation in the country. We are ready to participate in this …

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Levanccio Arts & Crafts Brings Art in Daily Life

Levanccio Arts&Crafts is a startup founded by a Georgian artist Levan Kvaratskhelia and a graphic designer Eto Gzirishvili. It’s been 1 year to present realist and conceptual art. In addition to visual arts and illustration, Levanccio intensively works on animation, game concept, character design and game animation. Marketer had an interview …

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Average Income Amount is 500 GEL According to NDI Survey

According to the NDI survey, the monthly income for the largest part of the respondents is 301-500 GEL. The results of public opinion survey were published today.   When asked about family’s expenses,and income in the past month,the largest part of respondents – 22% – says that his family’s income …

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Healthy And Natural Fast Food Mobile Object Zapravka in Bakuriani

Zapravka is a food mobile object in Bakuriani, the author of the idea is 19 year old student of Agrarian University, Gela Jaliashvili. Besides his role of a founder, he also is a baker, page administrator, cleaner, cashier and everything else that the situation requires. Gela Jaliashvili had an interview …

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National Bank: Crediting Volume Rises by 211.9 million GEL

The volume of lending by commercial banks (including loans to non-residents) in June 2017 increased by 211.9 million GEL or by 1.1 percent compared to the previous month (exchange rate effect excluded volume of lending increased by 1.6 percent) and constituted 18.9 billion GEL by July 1, 2017. The volume …

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Terabank Draws 12.5 million USD Financial Component from FMO

Netherlands Development Finance Company (FMO) has allocated 12.5 million USD to Terabank. The sum is to promote small and medium business sectors and women involvement in business activities. The agreement sets long-term cooperation between Terabank and FMO. Besides financial component, the agreement also calls for providing consultations for Terabank for …

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Deposits at Commercial Banks Totaled 16.8 billion GEL

Deposits at Commercial Banks Totaled 16.8 billion GEL

Georgian bank sector’s deposits portfolio rose in June, up 2.8% month on month (May +1.1%; April +0.8% month on month; March – 3.1%). As of July 1 (H1/2017), total value of retail and corporate deposits account for 16.8 billion GEL. Two commercial banks store 71.5% of total deposits  (01.06.2017 -71.6%: …

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Bank of Georgia Capitalization Shrinks

Bank of Georgia Capitalization Shrinks

Bank of Georgia shares (BGEO LN) were traded for 34.25-35.90 GBP at London Stock Exchange (LSE) in previous week (L/w – GBP 34.80 – 37.39 GBP). Prices declined week on week (-1.4%w.w; -3.3% m.m). According to G&T Analytics, deals were made on more than 438 000 shares in previous week. …

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