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Daily Archives: December 14, 2018

Koba Gvenetadze: Competition Law should not Apply to Financial Sector

Koba Gvenetadze

The competition law should not be applied to the financial sector. The sector is regulated by National Bank of Georgia (NBG). Consequently, no additional regulations are required, the NBG President Koba Gvenetadze said. At the same time, Gvenetadze rejected the spread information as if the insurance supervision services had been …

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IMF Representative: New Regulations Call for Decelerating Crediting Growth Paces

Francois Painchaud, resident representative of International Monetary Fund (IMF) in Georgia noted that the new regulations in the financial sector aim to reduce excessive indebtedness starting January 1, 2019. Francois Painchaud released the statement to answer the question by InterPressNews agency regarding competition level in the Georgian banking sector and …

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8 Georgian Buildings at European Architecture Awards

383 projects, 238 towns and 38 countries will fight for the victory at MIES VAN DER ROHE AWARD 2019 (EUMIESA). The Prize takes this statement into account and pursues the following objectives: — to recognise and commend excellence in European architecture in conceptual, social, cultural, technical and constructive terms — …

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Georgian Teacher is Among 50 Best Teachers of the World

Lado Apkhazava, a teacher in Chibati, the village of Guria is among the 50 best teachers of the world. The information is published by “Teacher’s Global Awards” site. Lado Apkhazava has been working as a teacher of civic education at a public school in Chibati village of Lanchkhuti municipality since …

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Borrowers Debts Exceed 3 Billion GEL at Vali.ge Database

Georgian money

The written-off debts base includes more than 407 thousand borrowers at the moment. According to the Ministry of Finance, Vali.ge has uploaded information about the 679 thousand written-off loan records on the website. The total volume of the debt is more than 3 billion GEL. For verification of your own data …

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Winter Season Opening – Resort Gudauri is 30 Years Old

On December 15, resort Gudauri will become 30 years old. On the same day, the winter season of Gudauri will be opened, The National Tourism Administration reports about it. The event will be held in Gudauri, near the Redco. There is a luminous costume show, old entertainment games, vintage cafes, …

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