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Daily Archives: January 30, 2017

Startup Georgia to Accept Applications throughout the Year

Startup Georgia will accept applications throughout the year, Startup Georgia director Vazha Menabde told the Business Contract. The process will not be ceased and authors of innovative ideas will be able to send ideas to Startup Georgia throughout the year, Vazha Menabde said. At this stage, the project budget is …

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Report on JSC Terabank Performance in 2016

Tera Bank

The year of 2016 was a period of significant challenges for Terabank. The bank has coped with all challenges successfully. Small and medium business sectors (SME) represent a main target segment for the Bank. At the end of the year, Terabank’s market ratio rose by 1.2% to 4.4%. Terabank has …

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Turkey Eyes to Expand Customs co-op with Georgia


Turkey intends to expand cooperation in the customs sphere with Georgia, Deputy Minister of Customs and Trade of Turkey Fatih Ciftci said during his visit to Georgia, Turkish media outlets reported. While discussing with his Georgian colleagues the issue of delays at the Red Bridge checkpoint on the Georgian-Azerbaijani border, …

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Georgian Churchkhela in Menu of Iranian Restaurant

Two weeks ago about 8 000 Churchkhelas produced by Gremi company were exported to Iran for Georgian Cafe, a small restaurant opened by a Fereidanian entrepreneur, who has bought the product for his own new restaurant and included it in the restaurant menu. Iranian party has invited chefs from Georgia …

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Larization in Georgian Economy

National Bank is Expected to Spend 400 million USD for Loans Larization, while Reserves were not Applied for Curbing National Currency Depreciation. Starting January 17, 2017 the so-called loans Larization program started. Physical bodies, who took mortgage loans in foreign currency before January 1, 2015, are able to convert them …

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