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Daily Archives: October 19, 2017

Fruit Processing Plant Opens in Mtskheta

Caucasus Organic Fruits, a new fruits processing plant, has opened in Mtskheta. Total investments in the enterprise made up 1.7mln USD, of which state co-financing marked 250 000 USD, while 500 000 USD is a preferential agro loan. The company produces more than 50 tons of dried fruits of domestic …

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TBC Bank is Market Leader in Terms of Retails Deposits

TBC Bank is Market Leader in Terms of Retails Deposits

TBC Bank’s ratio on retail deposits market has risen to 40.9% (Q2/2017 -40.2%). The growth in the third quarter marked 8.3%. Meanwhile, Bank of Georgia has increased retail deposits portfolio by 6.7% quarter on quarter. Liberty Bank’s retail deposits portfolio has risen by 0.9%, VTB Bank – plus 6.3% and …

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The EU Assists Georgia to Integrate Rural Development into National Policies

Up to thirty representatives of the Government of Georgia attended a working meeting of the Inter-Agency Coordination Council for Rural Development (IACC) on October 18, 2017 which focused on integrating rural development into the national policies of Georgia. Harmonization, coordination, synergy and complementarity in public policy-making and delivery were among the …

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Energy Efficiency Training Week in Tbilisi

The International Energy Agency (IEA) kicked off the EU4Energy Energy Efficiency Training Week in Tbilisi on October 16, 2017. The event brings together 150 participants from 11 countries across Eastern Partnership and Central Asia. The five-day programme, organised in partnership with Georgia’s Ministry of Energy, consists of five parallel courses …

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Menu Group Attracts 3mln USD for Boosting Regional Development

Menu Group UK Ltd has spread information about drawing 3 million USD investment for regional development. Key investors of the company are: Perea Capital Partners, Hayastan 1 and SOLventures. Levon Oganesian,the founder of Delivery Club, is one of the managers of SOLventures. Mail.ru Group bought Delivery Club for 10mln USD …

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Ministry of Finance Sells 20 million GEL T-bills

On October 18, Ministry of Finance sold 20 million GEL T-bills with 10-year maturity period.  According to National Bank of Georgia (NBG), three commercial banks took part in the T-bill auction. The demand constituted 36 120 000 GEL, while the bottom interest rate totaled 8.950%, the top rate hit 9.380%, …

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