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Daily Archives: July 10, 2018

Georgia’s TBC Ventures into Neobanking Space in 8 months

TBC, the largest bank in Georgia, has engineered its own cloud-based, digital-only neobank, dubbed Space. Structured as an autonomous business, Space provides customers with the full range of retail banking services including loans, saving products and payment cards. The business was developed from concept to launch in just eight months …

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Visa Regime Simplified with Korea for Citizens of Georgia

As a result of intensive work carried out by the Embassy of the Republic of Korea to the Ministry of Justice of the Republic of Korea and the Immigration Service, the Korean authorities have made a decision to simplify the visa regime for citizens of Georgia with ordinary passports. The …

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Liberty Bank to Launch New Program for Pensioners

The Memorandum of Cooperation has been signed between Liberty and New Hospitals, according to which pension recipients will receive medical services with special conditions for them. Under special conditions, the Liberty social card holders will benefit until the end of 2018 and will be able to check their heart, internal …

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Georgian Startup Offers Smart Home Space Saving Furniture

The innovative Georgian Startup Smart Home space saving furniture offers users a spatially transformed furniture. The project aims to produce furniture that changes its size and shape while using it. “We are preparing the furniture for a small space, which is multifunctional, most people living in Georgia have low income …

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EBRD Supports Renewal of Public Transport in Ukraine

The EBRD is supporting the modernisation of public transport in Ukraine with a loan of up to €13 million for the acquisition of up to 72 low-floor trolleybuses for the city of Mariupol. Senior EBRD loan of up to €13 million for up to 72 low-floor trolleybuses for Mariupol €2 …

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How E5P Incentivises Root and Branch Reform in the Eastern Partner countries

New municipal bus fleets, residential energy efficiencies and district heating reforms are just some of the improvements that have been achieved thanks to the Eastern Europe Energy Efficiency and Environment Partnership (E5P). Issuing grants to make such projects possible has helped to put in place sustainable benefits across the region. …

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Ministry of Healthcare Prevents Doctors to Prescribe Excessive Medicines

The Ministry of Healthcare conducts the mechanism for the prevention of prescribing excessive amount of medicines. With the new instrument, citizens will be able to check prescription in case doctor ordered 5 or more medicines. Mechanism will launch from July 16. Doctor’s prescription will be checked according to criteria set …

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Georgia Loses Leading Regional Position in terms of Economic Growth Pace

Armenia’s GDP Grows Twice Faster in 2018. Over the past 3-4 years, especially in 2017, government officials in Georgia frequently reiterate that despite low economic growth Georgia is a regional leader in terms of economic growth paces. Regretfully, the reality is different. According to Geostat, national statistics service of Georgia, …

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