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Daily Archives: April 27, 2017

Consumer Loans Interest Rates Grow

Consumer loans interest rates have increased. According to National Bank of Georgia (NBG), averaged interest rate on short-term bank credits made up 19.4% (17.6% as of Q1/2-16). The interest rate marked 8.1% on foreign currency denominated short-term bank credits (7.4% in Q1/2-16). As of April 1 (Q1/2017), annual interest rates …

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SOCAR Ready to Increase Natural Gas Supply to Georgia

SOCAR: we Hope, Investments Made by us Will Reflect on the Rate

SOCAR shows readiness to increase daily supply of natural gas to Georgia by 3 million cubic meters from current 7 million cubic meters, Deputy Head of Natural Gas Exports Department of SOCAR, noted. “In 2016, amid Gajigabul-Gardabani pipeline rehabilitation works, daily operating capacity rose to 10 million cubic meters and …

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