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Tag Archives: Exchange

Iranian Ambassador: Georgia and Iran May Exchange Electricity

Iranian Ambassador: Georgia and Iran May Exchange Electricity

“Iran is capable of satisfying Georgian market’s demand for natural gas and oil and a supply of energy carriers, in general”, Iranian Ambassador to Georgia Seyed Javad Ghavamshahid told Business Course. We have bilateral interests, because Georgia may become Iran’s important partner in terms of production and trade, the Iranian …

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Azerbaijan Weekly Market Watch

Azerbaijan Weekly Market Watch

Galt&Taggart Publishes Report on Main Developments that Took Place in Azerbaijani Economy Last Week: Oil extractiondown at the Azeri-Chirag-Gunashli oil field in 3Q16 In 3Q16, oil production was down 2.5% y/y to 622,359 barrels per day at the Azeri-Chirag-Gunashli (ACG) oil field, operated by the BP-led consortium, as operations at …

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The WB: GEL Exchange Rate is not the Main Task

The WB: GEL Exchange Rate is not the Main Task

GEL exchange rate is not the main task, – the World Bank’s regional director for Europe and Central Asia Hans Timmer says. He declares, that stabile exchange rate is not always a sign of success. External shocks are frequent and flexible exchange rate of GEL is more effective. Timmer notes, …

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Tbilisi Gold Exchange on the Brink of Closure

Tbilisi Gold Exchange on the Brink of Closure

Tbilisi Gold Exchange is on the brink of closure – as the traders say, all of them are registered in the status of individual entrepreneurs and each week on average five people  cease the  business. “Of course, they are replaced by others, but many of those who came prefer to …

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Credit Interest Rates Exceed Deposit Yields By 300%

Commercial banks may further increase loan interest rates because of GEL exchange rate depreciation and high risk factors. The National Bank of Georgia (NBG) has already increased the refinancing policy rate. As a result, refinancing loan interest rates have also surged. Despite this tendency, deposit interest rates have not changed. …

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Greek Stock Exchange to Reopen after Five Weeks

All eyes will be on Greece’s embattled banks on Monday when the Athens stock exchange reopens after a five-week shutdown over the country’s debt crisis, with traders bracing for a volatile session. Bank shares are expected to be particularly affected as the country’s lenders are in a vulnerable position because …

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Dollar Exchange Rate above 60 Rubles in Russia

On Tuesday’s Moscow trade exchange the exchange rate of the ruble against the dollar exceeded the mark of 60 rubles, which is roughly double the amount prior to the introduction of Western sanctions. The dollar was traded per 59,73 rubles (+2,3%) at the trade exchange; the euro was traded at …

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