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Home / Tag Archives: Georgian News (page 9)

Tag Archives: Georgian News

GEL-Denominated Loans Grow in Value

Lari loans

Ratio of consumer loans in retail loans portfolio (9.363 billion GEL) does not exceed 20%. The dollarization coefficient is 20%. Only 25% of long-term loans (2.3 billion GEL) has been issued in foreign currency. The figure makes up 6.4% in short-term loans (469 million GEL). Interest rates have increased on …

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International Conference to Take Place at GITA

 International Conference “Technologies Commercialization and Innovations: Challenges and Opportunities in Georgia” will take place at GITA on March 29-31. The organizers are: Technologies Commercialization office of Ilia State University and Innovations agency of Ministry of Economy and Sustainable Development. 3-day-long conference includes innovations and technologies and analyzing current challenges in …

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Construction of New Highway to Khashuri to Complete in June

Construction of the 12 km long part of the highway road will be completed in June. 7 km long road was opened since June; 2016 and construction works are being implemented on the part which has not been completed yet.  The Ministry of Infrastructure and Regional Development reveals the information. The project …

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A New Georgian Startup: Pepela Wooden Bow Ties

 “During my stay in the US, I decided to create a Georgian Product. I discovered a wood workshop, where I had an opportunity to produce a product which becomes more demanding day by day. I made new and very original wooden bow ties” – declared Ivane Kharashvili What is the …

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Tender for the Construction of Storage to be Announced in 3 months

The tender for Storage engineering and construction works will be announced in 3 months, supposedly. According to the Deputy Minister of Ministry of Energy, Mariam Valishvili, a foreign consultant is hired to prepare a tender plan. “We united engineering stage which is the first and very important phase along with …

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50% of Jobs Will be Replaced by Artificial Intelligence in 2020-2025

Microsoft Georgia presented a new strategy of Clouds technology. It has a potential which can change everything for business. Establishing Clouds service in the world is more rapid than ever. It changes the working style and making of business in every business organizations. The director of Microsoft Georgia, Nikoloz Doborjginidze …

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53 Infrastructural Projects Financed in High Mountainous Regions in 2016

According to the decision of mountain council,10 million GEL out of 20 million in 2017  Mountainous regions budget,will be granted to micro and small entrepreneurship and rest of the money will be consumed for infrastructural projects.The secretary of mountain development council, Otar Konjaria talks about the details of the topic with …

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LLC Natura Tea Company to Appear in Agro hub Market

Entrepreneurship Development Agency will support LLC Natura Tea Company to sell its production in Agro Hub Market. As it has been noted at the Ministry of Economy and Sustainable Development, LLC Natura Tea Company gained a grant of cheaper agro credit and created a modern tea producer company. Georgian tea producer …

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Government to Spend 13 Million GEL to Protect Nut Trees from Insect

The government will spend 13 million GEL to fight Asian Cassida Nebulosa. Out of 13 million GEL, Georgian government will cover 7.5 million and 5.5 will be paid by American government. In the frame of state program, National Agency of food will purchase necessary appliances and technology which will be …

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TBC Bank Converted 40 Million USD Loan into GEL

According to deputy of TBC general minister, 40 million loans have been converted to national currency in both TBC and Bank Republic, which amounts to 53% of loans on the market. In the frame of dedollarization program, 3073 customers dedollarized their loans.  Customers who weren’t enrolled in the state subsidized …

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