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Monthly Archives: September 2018

Government to Free Electric Minibuses and Busses from VAT and Imports Taxes

Kakha Kuchava, head of the parliament’s committee for environment protection and natural resources talks about the new bill which calls for exempting electric minibuses and buses from imports and VAT taxes. “Electric minibuses bought by any person, not by only public offices, will be exempted from imports and VAT taxes”, …

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Credit Growth Stood at 19.1% YOY in August

The total bank loan portfolio increased by 19.1% YoY in August 2018, excluding FX effect. From the segments perspective, retail, SME and corporate loans increased by 19.1%, 20.8% and 18.1% YoY, respectively. Growth of retail loans was mostly driven by mortgages, which went up by 34.7% YoY, while non-mortgage loan …

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Fuckup Night Vol5- Share Stories of Professional Failure

Fuckup Nights is a global movement and event series that shares stories of professional failure. Each month, in events across the globe, we get three to four people to get up in front of a room full of strangers to share their own professional fuckup. The stories of the business …

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Which Countries Have Positive Trade Balance with Georgia?

In January-August 2018 Georgia exports made up 2 146 million USD and imports constituted 5 954 million USD. Despite Georgia’s negative trade balance in January-August  and the deficit of 3 808 million GEL, the country has positive trade balance of more than 2 million USD with 10 countries. The reporting period recorded the …

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Murtaz Kikoria Resigns from National Bank of Georgia

Member of the Board of the National Bank of Georgia, Vice-Governor Murtaz Kikoria has just resigned from the office. Mr. Murtaz Kikoria served as the Chief Executive Officer of JSC Bank of Georgia from September 2015 to September 7, 2016. Mr. Kikoria served as Deputy Chief Financial Officer of Finance …

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TBC Bank Introduced Technological Innovations to Business Sector

TBC Bank introduced technological innovations to business clients and interested audiences. The three-stage competition finals of TBC Bank software development were held and 3 winners were selected at the event. At the public presentation, 6 teams presented software prototypes created for different business sector, which will facilitate simplification and automation …

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