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Daily Archives: January 25, 2018

Current Condition of Commercial Banks Loan Portfolio

Commercial Banks Earn 114.9mln GEL from Currency Exchange Operations in 1H17

The volume of lending by commercial banks (including loans to non-residents; excluding Credo Bank) in December 2017 increased by 133.7 million GEL or by 0.6 percent compared to the previous month (exchange rate effect excluded volume of lending increased by 3.5 percent) and constituted 21.7 billion GEL by January 1, …

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Real Estate Price has Decreased on Pekini Avenue

The price of real estate on Pekini Avenue has decreased, and the owners of shops located there complain about the reduction of realization. The lease price of commercial real estate on Pekini Avenue in 2017  decreased by 9% compared to the previous year, while the vacancy of the premisesby 7%. …

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34 Percent of Deposits are in National Currency

The total volume of non-bank deposits in the country’s banking sector decreased by 0.7 percent (exchange rate effect excluded volume of deposits increased by 2.5 percent), or by 141.5 million GEL, compared to December 1, 2017 and constituted 19.8 billion GEL by January 1, 2018. In December, the volume of …

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Business Ombudsman’s Office to Participate in Operation of State Procurement Disputes Discussion Board

Georgian Business Ombudsman’s office will also engage in discussions of disputes arisen during electronic tenders and competitions. Corresponding changes were made to the Law on State Procurement, which has been already published in Legislative Herald. Amendments regulate procedures of staffing Disputes Discussion Board of State Procurement. A representative of the …

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Bank of Georgia is the Most Profitable Bank in the Country

Bank of Georgia is the Most Profitable

Bank of Georgia is the most profitable. As of January 1, ROE totals to 2.73% (2016 – 2.46%), while ROA – 31.5% (2016 – 21%). Bank’s assets are determined by 11.898 billion GEL, market share – 34.4% (2016 – 10.087 billion; 33.5%). Deposit portfolio (non-banking) – 6.702 billion GEL, share …

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AYFB to Examine Highway Construction Works for Legal Compliance

AYFB to Examine Highway Construction Works for Legal Compliance

Association of Young Financiers and Businessmen (AYFB) plans to conduct a public monitoring of major infrastructural tenders and quality of their implementation. Over the past years, a major part of the state budget is spent on infrastructural projects and the current year is a special one in this respect. Regrets …

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TechPark Hosts Blockchain Weekend

On January 27-28, at 11:30 pm, Technocark (Innovations # 7, Okrokana) will host Blockchain Weekend, the event is about blockhain technology, its history, development stages and future plans. Topics will be discussed for the people of different professions close to this field: people working in financial institutions, state officials, traders, …

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Informative Meeting on Protection of Intellectual Property at GITA

Informative meeting on intellectual property protection will be held at Technopark (GITA) on January 30th, 15:00. The event is being implemented within the joint project of the Innovations and Technologies Agency and the National Intellectual Property Center of Georgia. The meeting aims to provide inventors with information on the following …

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