Daily Archives: September 19, 2018

Which Countries Have Positive Trade Balance with Georgia?

In January-August 2018 Georgia exports made up 2 146 million USD and imports constituted 5 954 million USD. Despite Georgia’s negative trade balance in January-August  and the deficit of 3 808 million GEL, the country has positive trade balance of more than 2 million USD with 10 countries. The reporting period recorded the …

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Murtaz Kikoria Resigns from National Bank of Georgia

Member of the Board of the National Bank of Georgia, Vice-Governor Murtaz Kikoria has just resigned from the office. Mr. Murtaz Kikoria served as the Chief Executive Officer of JSC Bank of Georgia from September 2015 to September 7, 2016. Mr. Kikoria served as Deputy Chief Financial Officer of Finance …

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TBC Bank Introduced Technological Innovations to Business Sector

TBC Bank introduced technological innovations to business clients and interested audiences. The three-stage competition finals of TBC Bank software development were held and 3 winners were selected at the event. At the public presentation, 6 teams presented software prototypes created for different business sector, which will facilitate simplification and automation …

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Economy of Georgia is Open for Investments: OPIC President Ray Washburne

“Economy of Georgia is open for investments” noted Ray Washburne, President of the Overseas Private Investment Corporation (OPIC) at a meeting with Mamuka Bakhtadze, Prime Minister of Georgia during his Working Visit to USA. Head of the Government of Georgia and President of OPIC discussed the pipeline of projects intended …

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PwC Georgia Appoints Two New Directors

PwC in Georgia has strengthened its practice with the addition of two new women directors. As PwC bids to boost its expertise in the region and meets changing customer demands, as well as rewards top performer and talented women, the firm has announced an extensive roster of promotions in Assurance …

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ESCO: Electricity Export Declines by 14% in Eight Months

In August 2018, the quantity of balancing electricity, purchased (sold) through ESCO was 178 322 147.1 kWh, which represents 17% of total delivery to the grid in mentioned month. The cost of balancing electricity have made up GEL 21 146 639.06. In August, the Weighted Average Price of balancing electricity per …

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Mamuka Khazaradze Initiated Scholarships for Successful TSU Students

6,000 GEL cash compensation, which the court imposed to TBC Bank and its founded due to Asaval-Dasavali’s fraudulent information, was awarded to 5 high school students of TSU Journalism Faculty as a scholarship. According to Mamuka Khazaradze’s decision, awarding scholarships will continue permanently and successful students of the third course …

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