TBC Bank has signed a 30mln USD loan agreement with Development Bank of Austria (OeEB). The loan will be directed to financing micro, small and medium business sectors (MSMEs), which operate in tourism field. The loan is to promote businesswomen activities too. “We are ready to launch cooperation with OeEB. …

According to the National Bank, nonbank deposits volume in the banking sector hit 19bln GEL as of November 1, 2017, up 645.2mln GEL (+3.5%) as compared to the October 1 indicator (up 0.6% without the exchange rate effect). In October, as compared to the previous month, term deposits grew by …

Georgia’s external liabilities are growing. Over the past year Georgia’s foreign liabilities rose by 0.545bln USD and equaled to 5.01bln USD as of October 31, 2017. According to Ministry of Finance, monthly reports have recorded a slight contraction in debts, down from 5.005bln USD as of September 2017. The figure …

The BGEO Group supervisory board chairman expects a 5% economic upturn in 2018. Irakli Gilauri told the Bonds&Loans that Georgia has attained a quite impressive economic upturn in January-September amid the regional tendencies. Introduction of the so-called Estonian Model has preconditioned economic growth in Georgia, Gilauri added. “We follow the …

“The Partnership Fund” is constructing Nenskra HPP together with a Korean company K-Water in Svaneti, on the Enguri River tributary. Nenskra HPP will start generating electric power in 2019. The project is scheduled to be completed in 2021. Natia Turnava, Deputy CEO of the Partnership Fund talks to “Business Morning” …

On November 22, 2017 Welcome to Georgia! National Tourism Awards Project together with the Official Sponsor JSC “Bank of Georgia” held a Press conference at the head office of the Bank. The press conference was attended by – Co-Founder/CEO of the “Welcome to Georgia! National Tourism Awards“ – Maryna Chayka, …

In 2018 Group Anaklia company plans to launch production of cosmetic products on Lugela water. The issue is of production of scrub. Part of this product will be exported abroad. Scrub will be sold under the brand of Lugela. Irakli Tsipuria, regional manager of Group Anaklia told the Commersant that …

Food and Agriculture Organization of the United Nations (FAO) brought together the stakeholders and implementing partners of the European Neighbourhood Programme for Agriculture and Rural Development (ENPARD) for the 15th ENPARD stakeholders’ meeting. The gathering aimed to share the experiences acquired within the I Phase of the EU supported ENPARD programme. …

Prospects and challenges of vocational education and training in agriculture were in focus of a conference in Tbilisi, on November 22, 2017. The event was organized by the Ministry of Education and Science and Ministry of Agriculture of Georgia, with support from the United Nations Development Programme (UNDP) and Swiss Agency …