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Daily Archives: December 5, 2016

Whether Regulation of Online Loans May Bring Positive Results

Campaign against online loans has gained momentum. Namely, issuance of online loans will be banned or curbed by regulations. Prime Minister Giorgi Kvirikashvili announced this decision at a government meeting several days ago. Later, vice Prime Minister and Minister of Finance Dimitri Kumsishvili noted that this sector would be subdued …

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The Number of Employees in Business Sector to Increase

Despite of difficult economic circumstances and existing challenges, the business sector in Georgia is growing. According to the statistics, the trend of growth of employment in business sector is obvious from the recent research results. National Statistics Office of Georgia published data which shows that the number of employed working …

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Georgia- Free Trade Hub between Asia and Europe

America-Georgia Business Council plans to hold annual conference. The event is scheduled for December 7. Main topic of the 19th conference is: “Georgia: Free Trade Hub between Asia and Europe”. The conference will discuss issues that are to increase efficiency of use of trade spaces, new silk road and analyze …

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GEL-denominated Loans Rise in Value


Interest rates on GEL-denominated loans have increased, while interests rates on foreign currency denominated loans have not changed. According to National Bank of Georgia (NBG), averaged weighed annual interest rate on USD-denominated loans is around 9.2%, while the interest rate on GEL-denominated loans has risen by 0.3% to 17.5%. Portfolio …

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Alliance Center The Significant Step Forward in Real Estate

George Japaridze

Grand Opening of an A – Class business center in Tbilisi on Freedom Square is planned for the first quarter of 2017. The beginning of the year is already marked on the calendar of international and local market players as the period of relocation to the Alliance Center, this will …

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EU Market to Open for the Black Sea Fish in 2017

According to depute of the Minister of Agriculture, Nodar Kereselidze, EU market will be opened for the black sea fish next year. Nodar Kereselidze took part in a meeting which took place in Brussels about trade issues in the committee of Georgian-EU association. The participants of the meeting discussed deeply …

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Content Borrowers, Discontent Economy: Government to Carry out Radical Reforms

Last week, at a government meeting, Prime Minister Giorgi Kvirikashvili noted that quick economic growth could not be achieved without radical decisions. He also expressed hopes that the Georgian society would meet new reforms with understanding for attaining economic breakthrough and progress. The reforms are approved by international organizations, the …

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