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Daily Archives: November 24, 2017

NBG: Deposits’ Larization Shrinks

According to the National Bank, nonbank deposits volume in the banking sector hit 19bln GEL as of November 1, 2017, up 645.2mln GEL (+3.5%) as compared to the October 1 indicator (up 0.6% without the exchange rate effect). In October, as compared to the previous month, term deposits grew by …

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Georgia’s External Debt Rises by 0.545bn USD Year on Year

Georgia’s external liabilities are growing. Over the past year Georgia’s foreign liabilities rose by 0.545bln USD and equaled to 5.01bln USD as of October 31, 2017. According to Ministry of Finance, monthly reports have recorded a slight contraction in debts, down from 5.005bln USD as of September 2017. The figure …

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BGEO: Economic Growth in 2018 will Be About 5%

The BGEO Group supervisory board chairman expects a 5% economic upturn in 2018. Irakli Gilauri told the Bonds&Loans that Georgia has attained a quite impressive economic upturn in January-September amid the regional tendencies. Introduction of the so-called Estonian Model has preconditioned economic growth in Georgia, Gilauri added. “We follow the …

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Nenskra Hydropower Plant is a Unique Project for Georgia

Korean K-Water Assists Partnership Fund to Construct Nenskra HPP

“The Partnership Fund” is constructing Nenskra HPP together with a Korean company K-Water in Svaneti, on the Enguri River tributary. Nenskra HPP will start generating electric power in 2019. The project is scheduled to be completed in 2021. Natia Turnava, Deputy CEO of the Partnership Fund talks to “Business Morning” …

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Boosting Vocational Education and Training in Agriculture

Prospects and challenges of vocational education and training in agriculture were in focus of a conference in Tbilisi, on November 22, 2017. The event was organized by the Ministry of Education and Science and Ministry of Agriculture of Georgia, with support from the United Nations Development Programme (UNDP) and Swiss Agency …

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