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Review 2016

Georgian Insurance Market – Industry Evaluates 2017 Year

The Georgian insurance market registers 16 operators. The industry representatives assert that competition is sharp. As a result, customers have access to various insurance products and services. At this stage, the 2017 financial indicators remain unknown. However, according to the official statistics of the Insurance State Office, in January-September insurance …

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Banking Sector in 2016 in Review


Banking sector is meeting the New Year of 2017 with new merged and amalgamated companies. TBC Bank has become a hero company in 2016 with 315 million GEL transaction. TBC Bank has paid the mentioned amount to Societe Generale for bank assets. TBC paid 360 million GEL for acquisition and …

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Georgian Insurance Market – Industry Appraises Year of 2016

Georgian insurance market registers 14 insurance companies. There is sharp competition on the market and beneficiaries are able to enjoy various insurance services and products. Currently, the 2016 financial indicators have not been specified yet, but Georgian insurance sector has finished January to September period in profits. According to statistics …

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The Top Trends in the Auto Industry for 2016

The year of 2016 turned out comparatively successful for automobile business compared to previous years. Sales indicators have grown, representatives of automobile companies noted. At the same time, sales indicators of used cars were maintained, while there is less demand for new vehicles of authorized dealers. A new trend has …

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Overview of Business Sector in 2016

Georgia ranked 16th  among 190 countries in the 2016 Doing Business rating. The country has advanced by 7 places. However, success of companies depends on the existing economic situation in the country. There is no evident answers on how successful the year of 2016 was for companies in various segments. …

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Achievements and Challenges in Georgia’s Power Sector in 2016

power sector

The current year was one of the most important periods for Georgian power sector. 2016 year has faced many challenges, however currently energy sector has to deal with many other obstacles. Developed power sector preconditions social and economic welfare. Consequently, main objective of energy strategy  is to provide safe, clean …

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Development Business – Positive and Problematic Year of 2016

Development business

The year of 2016 has brought quite positive results for Georgian development business. Despite GEL depreciation created certain problems, the field representatives appraise the current year as a quite attractive and active period in terms of sales and many other aspects. Though, there were a lot of problems too, but …

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Georgia’s Leading PR Professionals Give their Top Tips


A while ago Caucasus Business Week has started it’s newest category PR, which sooner attracted everyone’s attention. We have interviewed dozens of Public Relation professionals and enjoyed their brave quotes and helpful pieces of advice. We offer you some of their best tips of being successful and becoming real expert. …

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GEL Exchange Rate Depreciation Hits Historical Maximum in 2016


In 2016 the national currency depreciation and economic growth rate deceleration were key problems in Georgian economy. GEL exchange rate collapse has affected both state budget and financial condition of our citizens. Despite  GEL exchange rate stability is one of the key factors for ensuing macroeconomic stability of the country, …

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