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Daily Archives: May 23, 2018

New York Stock Exchange Appoints First Female Leader

226 years after the establishment, New York Stock Exchange has appointed its first female leader. Stacey Cunningham will be elevated to the leadership role from her current position of chief operating officer. Her appointment means that both NYSE and the technology-focused Nasdaq exchange will now be run by women. Ms …

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Salaries in Healthcare Sector Range from 50 to 12 000 GEL

Employment Programs Department of Ministry of Labor, Health and Social Protection has conducted a research work and examined the amount of salaries due to fields. The research work has showed that the highest salary was registered in the health sector, where monthly salary ranges from 50 to 12 000 GEL. …

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TBC Bank Director Nikoloz Kurdiani Sells Shares

Nikoloz Kurdiani

TBC Bank Group PLC said that Nikoloz Kurdiani, deputy chief executive officer of JSC TBC Bank sold 4,500 shares at a price of 1,743.00 pence per share on last Friday, at a a total of GBP78,426, Alliance News reported. It has not been disclosed how many shares Kurdiani now holds following …

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Bank of Georgia Posts 18.8% Rise in Q1 profit

Bank of Georgia Group Plc on Monday posted an 18.8 percent rise in first-quarter profit, driven by its banking and investment businesses, on the back of strong macroeconomic performance and business outlook in Georgia. Bank of Georgia Group Plc is the new parent company of BGEO Group Plc, it said …

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Teliani Valley Revenues Rose by 94.4%

Teliani valley

Teliani Valley revenues rose by annual 94.4%. The growth tendency started after the company launched beer and lemonade production in 2017. The company also continues diversification of wine and beer business and expands the distribution network. Teliani Valley plans to expand the space of vineyards to 1000 hectares in 3 …

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BTK to Shorten Transportation Time between China, Europe

BTK

The Baku-Tbilisi-Kars (BTK) route within the framework of the Silk Road will ensure the economic growth of the whole region, reducing the time of transportation between China and Europe by about 15 days. The BTK railway will ensure the economic growth of the whole region of the Caspian and Black …

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Company RMG to Spend 30 Million GEL to Improve Ecological Background

The company RMG has launched an environmental project aimed at solving ecological problems. The executive director of the company Johnny Shubitidze said in an interview with “Banks and Finance”. As Shubitidze explains, the company intends to spend 30 million GEL in the total project. “Only in these days we have …

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Europe Day Celebrations Reach Georgian Regions

On 19-20 May, the EU Delegation to Georgia travelled to the city of Zugdidi for the first event in a series of regional Europe Days. Under the motto “Our Colourful Europe”, the inhabitants of the city were invited to learn about the history and diversity of the European Union, discover …

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Meet The Ambassador of Germany to Georgia at Impact Hub Tbilisi

Impact Hub Tbilisi continues the series of events under the title – Meet the Ambassador – that offers to its members, students and other interested people the opportunity to have an informal interaction with heads of Diplomatic Missions to Georgia. Impact Hub Tbilisi will host The Ambassador of Germany to …

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Will Consumer Loans Rise in Value?

The maturity period of consumer loans may change, according to the National Bank’s exposure draft on the issuance of retail loans. The document determine loan-issuing criteria, compliance with which will be obligatory for all loan organizations regulated and supervised by the National Bank of Georgia (NBG). According to the NBG’s …

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