Over-indebtedness is one of the key factors of poverty growth, Minister of Finance Mamuka Bakhtadze told the news conference, where he overviewed details of the coming reform in the banking and finance sector. Excessive debts lower incomes of our citizens, he said. “Today we see that citizens who suffer from …

Lowering the effective interest rate to 50% cannot control interest rates, Archil Mestvirishvili, vice president of National Bank of Georgia (NBG) noted at the NBG event, where a new project about financial education was introduced. “One of the changes that will be submitted to the Parliament calls for lowering effective …

Today, the Fourth International Scientific Conference, organized by the Georgian Mineral Society, was opened at Georgian Technical University with the tagline “The strength of the geological field is a prerequisite for economic revival.” The main theme of the two-day conference, which brings together the 26 rapporteurs in the field of …

”Say Good Bye to Banks” is a beginning of Space, money management application that simplifies daily banking service.  For the first time in region, thoroughly digital banking service – Space has launched. Space is aka Neobank, that doesn’t have any branch offices or physical spaces, and exists just on mobile …

Bank of Georgia Group said the demerger of its investment business with Georgia Capital was completed on Tuesday. As part of the demerger, Bank of Georgia Group issued and allotted 9,784,716 Bank of Georgia Group Shares—equivalent to 19.9% of the Bank of Georgia Group’s issued ordinary share capital—to Georgia Capital …

Interview with the mining company RMG Gold / RMG Copper Public Relations Manager Natalie Nozadze. Why did you decide to enter this field, and what kind of opportunities does this profession give you? I am a journalist, a media manager by profession. Fifteen years ago, I started with TV journalism. …

Hotel Wine Palace is just one year old, but has already gained a place among the best hotels of Tbilisi. Its rating on Booking.com is 9.4 and it is a favorite place for both foreign and local tourists. Wine Palace is located in the center of Tbilisi at the Sports …

Sustained economic growth in Georgia over the past two decades has helped reduce poverty and spread prosperity, with job creation playing a significant role. However, job creation is not keeping pace with economic growth, according to a new World Bank Report. CBW spoke to World Bank Senior Economist Mohamed Ihsan …

On June 20, Tbilisi will host the main crypto event of Georgia – Blockchain & Bitcoin Conference Georgia 2018. Participants and partners of the event are founders and promoters of the blockchain industry in the country. Program and partners The conference will feature Georgian and foreign crypto experts: entrepreneurs, investors, …

Lika Bochorishvili lives in Shulaveri village, in Marneuli District. She goes to tenth grade at Shota Rustaveli School. Lika is one of the school’s most successful pupils and one of the youngest winemakers and winegrowers in the region. The Bochorishvili family manages a vineyard of Rkatsiteli, Tavkveri, Cabernet, Saperavi and …

Company ”m2 Real Estate” held children’s rugby  festival at Lelo Arena. 8 teams comprising 11-12 year old rugby players participated in the festival. Among them were “Lelo”, “Academy”, “Armazi” “Kharebi”, “Tbilisi”, “Tsikara” and “Tigers”. The winner of the festival was “Lelo”. Company M2 started to support Georgian rugby club since …

TBC Bank has acted as lead manager and underwriter for European Bank for Reconstruction and Development  GEL 120 million Eurobond issue under EBRD’s Global Medium Term Note Programme. The bonds are to be listed on the London Stock Exchange. “We are delighted to have completed another successful transaction with EBRD. …