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Daily Archives: February 13, 2018

Georgian Software company FINA introduced a new software product

Georgian Software company FINA introduced a new software product – FINA Audit for bookkeeping monitoring and detecting inaccuracies, errors in documentations. The audit module carries out automatic comparison and inspection of bookkeeping documents and identifies whether financial data, financial results and money flows are accurate. This model enables to process …

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Commercial Banks Issued 15 billion GEL Mortgage Loans in 2017

Cartu Bank Profits Marked 5.6 million GEL as of May 1

In 2017 commercial banks issued 14.993 801 billion GEL mortgaged loans secured by residential spaces, according to the financial reports published by commercial banks for the fourth quarter of 2017. Namely, TBC Bank issued 6.080 480 billion GEL mortgage loans. Bank of Georgia – 5.689 112 billion GEL mortgage loans, …

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Three Companies to Compete for Business House Construction

Three million companies will compete for the construction of the 71-million project – Tbilisi Business House. “Dagma LTD.”, “Construction-Industrial Investment Corporation Akord” and the partnership “Business House” presented their proposals in the tender announced by Municipal Development Fund. Currently the Tender Committee of the Fund is busy reviewing the proposals. …

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Foreign Trade Turnover Increased by 20.1% In January

In January 2018, foreign trade turnover in Georgia (excluding undeclared trade) amounted 815.8 million US dollar , which is 20.1 percent more than the corresponding period of the previous year. According to the statistics service, exports amounted to 222.2 million US dollars (25.7 percent more) and import 593.6 million US …

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Irakli Gharibashvili Appointed as an Advisor to the Chinese CEFC Supervisory Board

Irakli Gharibashvili was appointed as n advisor to the Supervisory Board of Regional Projects Management Company at China’s leading conglomerates CEFC Energy Company Limited. The conglomerate is involved in various fields of energy, finance and industry. The company’s interests are also securities, asset management and transborder terminals construction. As of …

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Bitfury Sold Gldani Data Center

Bitfury IT service management company, sold its data center which is located in Gldani district, to Asian Chong Sing Holdings with whom negotiations lasted for several months. According to Bitfury CEO Valery Vavilov, selling the data center is aimed at expanding the company on the Asian market. “The transaction strengthens our relationship …

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