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NBG Vice President: Public Expectations Make GEL exchange Rate Volatile

NBG Vice President: Public Expectations Make GEL exchange Rate Volatile

GEL exchange rate volatility was preconditioned by public expectations after importers have intensified activities. Archil Mestvirishvili, National Bank vice president: We have noted that Georgia has set floating exchange regime, which is accompanied by market fluctuations. As to the factors affecting exchange rate, we have made comments on the issue …

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Nenskra HPP Project Investor Company K-water Celebrates the 50th Anniversary

Nenskra HPP Project Investor Company K-water Celebrates the 50th Anniversary

The investor company of Nenskra Hydropower Plant Project, Korea Water Resources Corporation K-water on November 16, 2017, celebrates its 50th anniversary. The company implemented 67 projects of high complexity in 24 countries. At present the company manages 16 multipurpose dams. As of 2016, company’s income was 3 billion US dollars, …

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Price of Bank of Georgia Shares Declines at LSE

Price of Bank of Georgia Shares Declines at LSE

Price of Bank of Georgia shares (BGEO LN) ranged from 35.42 GBP to 37.05 GBP in November 6-11 period. The trading trend turned out negative. The price of the share declined by 1% week on week, but rose by more than 8% month on month (0.95%w.w; +8.12% m.m). According to …

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Bank of Georgia Received Another Award of Global Finance

Bank of Georgia Received Another Award of Global Finance

Bank of Georgia announced another award of Global Finance in the Best Personal Banking Service in Georgia 2018”. The international edition reveals the leaders of this nomination for the third time. “The award confirms highest standards of services offered by Bank of Georgia to the clients in the management of …

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Terabank Announces the Best Loan Terms

As it’s the best time to buy an appartment, villa, arrange or renovate house with new furniture, Terabank announces the best loan terms. The best way to get money is low-interest rate from 6.5% (effective 6.8%). If you are already using another bank loan, you can review your schedule, combine …

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New Investment Instrument Goes to G&T Trader

In September 2017 Galt&Taggart enabled its clients through G&T Trader platform to make investments in investment instruments attached to Bitcoin price. Starting today Galt&Taggart offers investment instruments built on Ethereum price. Taking into account the clients’ growing interest in cryptocurrency, Galt&Taggart has added two new investment instruments to G&T Trader: …

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Fundamental Indicators are Optimistic in Georgia Banking Sector

According to the general director of TBC Bank, the recent devaluation of  Georgian Lari is a short-term breakdown. Vakhtang Butskhrikidze says that fundamental indicators are quite optimistic in the economy and the high dollar is the main challenge of the banking sector. “The banking sector is the most successful of …

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