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Daily Archives: June 4, 2018

Geostat: Averaged Salary Rose by ₾82 to ₾1106

According to Geostat, national statistics service of Georgia, in the first quarter of 2018, averaged monthly salary in business sector totaled 1106.4 GEL, up 82.4 GEL year on year, including women’s salary made up 841.1 GEL, up 64.7 GEL year on year. Due to the size of companies, averaged monthly …

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Bank of Georgia Holdings Shares Drop -38.17%

Bank of Georgia Holdings Plc (BGEO.L) have moved lower over the course of the past week revealing negative downward near-term momentum for the shares. In taking a look at recent performance, we can see that shares have moved -38.17% over the past week, -42.74% over the past 4-weeks, -40.21% over the past …

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Winemaker in Canada to Ferment Wine in Georgian Qvevri

A total of 55 Qvevris were exported to Canada from Georgia, namely to the city of Vancouver. Georgian winemaker Sandro Milorava has assisted Pascal Roy, a restaurant owner in Canada, to transport 55 Qvevris to Canada. The clay vessels were made in western Georgia. The Qvevris will reach Canada in …

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Azerbaijan Starts Electricity Export to Iran

Azerbaijan has started to export electricity to Iran from today, Azerenergy’s spokesman Yahya Babanli told APA-Economics. According to him, at about 11:00 a.m. today, Azerenergy started to export electricity of 80 megawatt to Iran’s Mugan and Astara regions. Babanli also announced the date of next trilateral meeting on integration of …

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Georgian Business Ombudsman Addresses Third Tourism and Hospitality Conference


Business Ombudsman of Georgia Irakli Lekvinadze has delivered a speech at the Third Tourism and Hospitality Conference. In the panel „Challenges and Opportunities in Tourism & Hospitality Industry” the Business Ombudsman talked about business climate in Georgia’s tourism and hospitality sector. «We are key mediators between business sector and governmental …

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Vine Realization Launched at Agroservice Center

Vine realization has started at the Agroservice Center of the Ministry of Agriculture. Farmers have the opportunity to engage in the promotion of cultivation of vine and get 70% of co-financing. The goal of the program is to support the development of viticulture. The price of vine seedling is 3 …

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TBC Bank Group Rating Reiterated by Peel Hunt

Peel Hunt reiterated their buy rating on shares of TBC Bank Group (LON:TBCG) in a research note published on Friday, May 25th. They currently have a GBX 2,150 ($28.85) price objective on the stock. Separately, Berenberg Bank initiated coverage on shares of TBC Bank Group in a research note on Tuesday, April …

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TBC Bank has New Director of Operations Management

Tornike Gogichaishvili was appointed Deputy Director General of TBC Bank and Director of Operations. Gogichaishvili replaced Vano Baliashvili, who will continue to work in TBC Bank’s in other sector after almost 20 years of work at the company. Tornike Gogichaishvili has 20 years experience in financial services and operations management. Prior …

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Biltmore Hotel Tbilisi Hosted Opening of New Garden and Bar-restaurant Azura

“The Biltmore Hotel Tbilisi” hosted the opening of a new garden and bar-restaurant “Azura”. The opening ceremony was attended by the representatives of business, media, governmental and non-governmental organizations. The loyal guests of the hotel were invited as well. During the opening ceremony for the invited guests was held the …

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