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Daily Archives: October 31, 2018

Sakaeronavigatsia to Buy New Helicopter at 2.5 million EUR

Sakaeronavigatsia plans to buy a new helicopter at 2.5 million EUR. The company asks for admitting simplified procurement procedures. The substantiation, that the company has submitted to the Procurement Agency, reads that additional helicopter is required to ensure operative service of navigation systems. Because of complicated landscape of Georgia, one …

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Investment in Income Generating Properties with 10% Annual Yield – Colliers International Georgia’s New Product

Colliers International Georgia offers new investment products – investment in rented real estate. People interested in investing in the income generating property will have the opportunity to invest in a commercial or long-term lease contract on premium locations. Today, investing in real estate, particularly in offices and commercial spaces, is …

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Food & Wine Magazine Catalogued Georgian Wine Places in USA

American Food & Wine magazine in a recent issue answers the question “Where to drink Georgian wine in America?” An article under this title, authored by Vicki Denig, reads: “Whether amber colored skin-contact wines pique your interest, or a Merlot-based Saperavi blend [what’s that? – HN] sounds more your style, Georgian wine …

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TBC Bank bought BONACO MFO

TBC Bank has bought assets and liabilities of BONACO MFO. According to the Ntional Bank of Georgia (NBG), the portfolio was purchased  via the auction held on October 29. After the signing of the relevant agreement, JSC TBC Bank will provide uninterrupted service of creditors and debtors of microfinance organization …

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National Bank: New Regulations will not Take Effect on November 1

New regulations proposed by the National Bank of Georgia (NBG) will not take effect on November 1, the NBG officials told BM.GE. At this stage, the central bank is discussing technical details to determine the new date for enforcing the new instructions on retail crediting. At the same time, the …

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