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Daily Archives: October 25, 2017

Georgia-Based Commercial Banks have Increased Noninterest Incomes.

In January-September, noninterest incomes totaled 1.2blin GEL, up 509mln GEL year on year (+78%), including incomes from commission fees and services constituted 318mln GEL (Q3/2016 – 225mln). Time to time commercial banks have to safeguard the rate limited by the supervisor. Borrowers, who plan to pay off loans 6 months …

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ProCredit Bank’s Assets Shrink

Assets of ProCredit Bank have shrunk by 1.3% month on month. The bank rank 5th with a 3.9% ratio as of October 1 (Q3.2017). Deposits portfolio of ProCredit Bank has also decreased by 1.6% month on month. The bank’s crediting volume has risen by 2.8% month on month. Assets 1 …

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Georgian Apple Crisps to Enter Market Next Month

Agrarian University students begin to produce Georgian apple crisps, which will appear on the Georgian market in a month. Shalva Mdzinarashvili,Co-founder of the company notes at Commersant, that price politics be calculated on the segment with medium and high-income people. The team won 5 000 GEL in a competition with …

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Solar Powered Hotel to be Built in Akhasheni

”Kakhetian Traditional Winery” will build energy efficient hotel in Akhasheni. Head of the company, Zurab Chkhaidze explains that they will receive electricity from solar energy. 41-room hotel will be adapted for people with disabilities, rooms, as well as surroundings of the hotel area. The construction is almost complete and will …

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