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Monthly Archives: October 2017

Banking Sector and Securities Market as Competitors

National Bank of Georgia (NBG) warns Georgian citizens that corporate bonds are not insured by either government or NBG guarantees. According to NBG, the website ubani.ge has spread a securities offer with erroneous and misleading information that does not comply with Georgian legislation requirements for securities market. We remind you …

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Georgia’s International Reserves Exceed 3bln USD

Georgia’s currency reserves rose by 110 million USD in September, following 23 million USD contraction in August and 18 million USD reduction in July. As of October 1, Georgia’s currency reserves constituted 3.025bln USD (2.9bln USD as of September 1, 2017). According to National Bank of Georgia (NBG), reserve assets …

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Project ArtBeat New Space Opening on October 13

Project ArtBeat announces the opening of a new permanent exhibition: ”Project ArtBeat is delighted to announce the opening of a new permanent exhibition space based in one of the most unique and historic buildings of Tbilisi old town. The opening of the new space nicely coincides with the gallery’s celebration …

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New programs to be Introduced in Vocational Education

The Technical Training Center established on the base of the Georgian Technical University will receive 100% funded new students enrolling in new professional programs, Ministry of Education disseminates information. Students will master the relevant labor requirements of the modern, labor market in the direction of mechanical engineer technician, high voltage …

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Georgia will Receive IMF’s Second Tranche of 42.3mln USD by the End of 2017

Georgia has attained higher-than-expected economic growth thanks to reasonable policy and rapid upturn in trading partners, International Monetary Fund’s (IMF) report reads. IMF mission in Georgia has finished its two-week visit in Georgia. As a result, the Fund has positively appraised the first review of the ongoing Extended Fund Facility …

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Metro Station University to Receive the First Passengers in a Few Days

The Tbilisi Metropolitan 23th Metro Station “University” will receive the first passengers in mid-October. They state about this in the Municipal Development Fund of Georgia. According to the foundation, all types of construction works are completed in metro station “University”. For some time the station worked in test mode and …

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EUGBC: Land Regulations should Be Revised

Government of Georgia is ready to take into account recommendations by the Board of Investors and adopt the land law in the form that will not object to international agreements between Georgia and other countries, Zviad Chumburidze, secretary general of EU-Georgia Business Council, noted. The point is that the Board …

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Open Letter to Philip Morris International (PMI)

September 14, 2017 André Calantzopoulos Chief Executive Officer Philip Morris International Avenue de Rhodanie 50 1007 Lausanne, Switzerland Dear Mr. Calantzopoulos, The undersigned organizations, representing global health, human rights, consumer protection, medical and other organizations, call on you to immediately cease the production, marketing and sale of cigarettes. This action …

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Fitch: Georgian Banks Are Well Positioned to Withstand Pressures

Georgian banks are well placed to absorb potential pressures. Fitch Ratings said at its annual conference on Georgia in Tbilisi today. Sector asset-quality metrics have remained resilient through the credit cycle. Capital buffers are strong and profitability has improved, helped declining risk costs Banks’ asset quality metrics have been solid …

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New Electric Locomotives to Shorten Travel Time Between Baku, Tbilisi

New Electric Locomotives to Shorten Travel Time Between Baku, Tbilisi (PHOTO)

France’s Alstom rail transport company has introduced its first passenger locomotive Prima M4 for the Azerbaijan Railways CJSC in Belfort, France, Trend’s correspondent reported from the event. Ten passenger locomotives Prima M4 (AZ4A) are manufactured at a plant in Belfort within the contract for delivery of locomotives signed with the …

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Video Platform Enters Georgia with New Advertising Opportunities

IMedia Hub communications agency has obtained exclusive rights Coub.com for providing internet advertisements and marketing services. Coub video service is a platform for creating 10-second cycled videos (coubs). More than 10 000 coubs are created every day on various themes, including Internet memes and reactions to the global developments and scientific events, …

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