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Daily Archives: May 29, 2018

Mamuka Bakhtadze: Unfair Rules that Grow Poverty will Be Removed

Mamuka Bakhtadze

Over-indebtedness is one of the key factors of poverty growth, Minister of Finance Mamuka Bakhtadze told the news conference, where he overviewed details of the coming reform in the banking and finance sector. Excessive debts lower incomes of our citizens, he said. “Today we see that citizens who suffer from …

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Lowering Effective Interest Rate to 50% Cannot Control Interest Rates


Lowering the effective interest rate to 50% cannot control interest rates, Archil Mestvirishvili, vice president of National Bank of Georgia (NBG) noted at the NBG event, where a new project about financial education was introduced. “One of the changes that will be submitted to the Parliament calls for lowering effective …

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Geological Science Conference Held at GTU with the Support of RMG

Today, the Fourth International Scientific Conference, organized by the Georgian Mineral Society, was opened at Georgian Technical University with the tagline “The strength of the geological field is a prerequisite for economic revival.” The main theme of the two-day conference, which brings together the 26 rapporteurs in the field of …

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Fourth Georgian Company Listed On LSE


Bank of Georgia Group said the demerger of its investment business with Georgia Capital was completed on Tuesday. As part of the demerger, Bank of Georgia Group issued and allotted 9,784,716 Bank of Georgia Group Shares—equivalent to 19.9% of the Bank of Georgia Group’s issued ordinary share capital—to Georgia Capital …

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Wine Palace: The Colorful Hotel in the Center of Tbilisi

Hotel Wine Palace is just one year old, but has already gained a place among the best hotels of Tbilisi. Its rating on Booking.com is 9.4 and it is a favorite place for both foreign and local tourists. Wine Palace is located in the center of Tbilisi at the Sports …

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15-year-old Winemaker From Shulaveri Speaks Six Languages

lika bochorishvili

Lika Bochorishvili lives in Shulaveri village, in Marneuli District. She goes to tenth grade at Shota Rustaveli School. Lika is one of the school’s most successful pupils and one of the youngest winemakers and winegrowers in the region. The Bochorishvili family manages a vineyard of Rkatsiteli, Tavkveri, Cabernet, Saperavi and …

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M2 First Rugby Festival held at Lelo Arena

Company ”m2 Real Estate” held children’s rugby  festival at Lelo Arena. 8 teams comprising 11-12 year old rugby players participated in the festival. Among them were “Lelo”, “Academy”, “Armazi” “Kharebi”, “Tbilisi”, “Tsikara” and “Tigers”. The winner of the festival was “Lelo”. Company M2 started to support Georgian rugby club since …

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TBC Bank Acts as Underwriter of EBRD Eurobond Issue

TBC Bank has acted as lead manager and underwriter for European Bank for Reconstruction and Development  GEL 120 million Eurobond issue under EBRD’s Global Medium Term Note Programme. The bonds are to be listed on the London Stock Exchange. “We are delighted to have completed another successful transaction with EBRD. …

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