TBC Bank is on the 3rd position with profitability after Bank of Georgia and Liberty Bank. As of January 1, ROE amounts to 2.73% (2016 – 3.60%), ROA – 30.03% (2016 – 3.6%; 21.70%). The bank is ranked on the 2nd position – 295 665 million GEL (2016 – 256.3 million) and …

“The reforms taking place in Georgia over the recent years, the changes carried out by the prime minister and his government are a great stimulus for us, as the industrial players on the Georgian market. We have observed how conducting business has been simplified for the international investors in Georgia, …

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, …

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%. …

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 …

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 …

According to the legal amendments to the Georgian Law on National Bank of Georgia, starting March 11, 2018 a company or a group of interconnected persons are banned to attract money resources from more than 20 physical bodies or take loans or/and advertise money resources to be received from a …

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 …

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 …

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, …

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 …

Out of 281 surveyed cooperatives, 275 reported their production value in 2017, which comprised to nearly 15 million GEL. Out of this amount, about 13 million GEL was actual income received in financial year of 2017, in which 5.3 million GEL (40%) was net income (profit). Compared to baseline year …