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Daily Archives: February 26, 2019

Committee Meeting on TBC Bank Case Closed after Voting

The ongoing meeting of the parliament committee on TBC Bank case was closed after voting. Despite sharp opposition protests, Roman Kakulia, head of the parliament’s committee for sectoral economy and economic policy, put forward the issue for voting and Georgian Dream members backed the issue. Public discussions on TBC Bank …

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80 Million Worth Eliava Regional Mall – Photos

Along with approaching the plan of approval, the issue of Eliava’s market was intensified. According to Mayor of Tbilisi, the owners of Eliava market themselves are willing to turn the territory into a European-level shopping center. According to the Deputy Mayor, Ilia Eloshvili, the City Hall has intensive communication with …

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Winners of Co-Financing Grant Program of GITA Revealed

The winners of the Co-Financing Grant program of Innovations and Technologies Agency of the Ministry of Economy and Sustainable Development is revealed. Total 20 winners were named within the program. Each of them received a grant of 100 thousand GEL. The decision was made by the Investment Committee, which is …

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ENPARD Launches Rural Development Project in Akhmeta

The European Union launched a new rural development project in Akhmeta in partnership with Action Against Hunger. The project “Promoting Inclusive and Participatory Local Development in Akhmeta Municipality” introduces a bottom-up, inclusive rural development approach that fully engages all communities in the municipality. The project is funded by the European …

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Tobacco Control Law Is “Going Well” in Georgia

Ten months have passed since the law on tobacco control came into force in Georgia. From September 1, 2018, a new regulation for tobacco control was put into operation. And, according to lawmakers, things are going well and society has been ready to meet the changes. The implementation of the …

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What is the Secret behind the Durability of the HUAWEI Mate20 Battery?

Compared to other brands, HUAWEI smartphones’ superiority is proven through its high-quality products, modern design and the ideal combination of technical data and affordability. HUAWEI creates smartphones tailored to customers, taking into consideration their requirements, lifestyles and interests. The company has offered a lot of innovations in recent years, including …

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Business Ombudsman’s Office Examined 316 Cases in 2018

In 2018 the Georgian Bossiness Ombudsman’s Office prepared 167 mediations, conclusions and recommendations. “The Business Ombudsman’s recommendations were fully or partly satisfied in 65% of the finished cases. Adjara is the most active region, after Tbilisi, due to number of applications”, the Office representatives noted. We remind you that in …

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Non-bank Deposits Decreased by 450.6 million GEL

The total volume of non-bank deposits in the country’s banking sector decreased by 2.0 percent (exchange rate effect excluded volume of deposits decreased by 1.5 percent), or by 450.6 million GEL, compared to January 1, 2019 and constituted 22.6 billion GEL by February 1, 2019. In January, the volume of …

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Volume of Lending by Commercial Banks Decreased by 170.2 million GEL

The volume of lending by commercial banks (including loans to non-residents) in January 2019 decreased by 170.2 million GEL or by 0.6 percent compared to the previous month (exchange rate effect excluded volume of lending decreased by 0.2 percent) and constituted 26.4 billion GEL by February 1, 2019. The volume …

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Georgia- Homeland of Wine – Special Website Created in Japan

In Japan, a special website – georgia-homelandofwine.com was created in connection with the implementation of the project “Georgia – Homeland of Wine”. Ministry of Environment Protection and Agriculture disseminates this information. The website was developed with Sony Music Communication, the world’s largest company. Exhibition “Georgia – Wine Homeland” is held …

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