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Tag Archives: trade

Price of TBC Bank Shares Grow at London Stock Exchange

TBC bank

Price of TBC Bank shares (TBCB LI) has increased at the London Stock Exchange (LSE). Last week, the shares were traded at 9.40 USD – 9.90 USD (L/w – US$ 9.40 – 9.70). The session week was closed at 9.50 USD (February 22- 27) (+1,06%w.w; +4,86%m.m). The reporting week’s trades made …

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EU-US Trade Agreement May Negatively Affect Turkish Economy

The signing of the Transatlantic Trade and Investment Partnership (TTIP) agreement between the EU and the US, which provides for duty free import of the US goods, may have a negative impact on the Turkish economy, the country’s President Recep Tayyip Erdogan said, the Turkish TV channel. Erdogan made the …

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Ireland Emerges as Georgia’s Major Trade Partner


Ireland has replaced Turkey to be Georgia’s number one trade partner with a 14.8% ratio valued at 209 million USD. In January-February 2016 the ratio of ten major trade partners in total foreign trade turnover made up 69%. Turkey ranks second in the rating with 199 million USD. Russia is …

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Georgia-EU Trade Is Up By 38%: Report Shows

EU trade

In 2016, export from Georgia to the EU has diminished, as well as the CIS countries. According to Geostat, foreign trade turnover with the EU has made up 532 million dollars during the first 2 months of this year, which is 38% more, compared to the same period of last year. …

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Georgia’s Exports Amounts to $281m in January-February 2016

Foreign Trade

Georgia’s foreign trade turnover in January-February 2016 declined by 2% compared to the same period of 2015 and totaled 1.413 billion USD. The exports in total trade turnover marked 281 million USD, the imports amounted to 1.133 billion USD. In the reporting period, the exports declined by 13% and the …

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Trade Sector’s Ratio in Crediting Portfolio Keeps Falling

The trade sector’s ratio in total crediting portfolio has declined again. According to Geostat, the national statistics service of Georgia, the sector’s ratio makes up 25% (29% as of 01.12.2014) and the crediting volume is 1.683 billion GEL. In November the ratio declined by 28% month on month. The industry …

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Russia is Returned in the top-3 of Georgia’s Largest Trade Partners

As of January-November, 2015, the share of 10 largest trade partners has amounted to 64% in Georgia’s total foreign trade turnover. According to Geostat, Turkey remains as the biggest trade partner of Georgia, the volume of trade turnover amounts to 1,380 million USD. Then comes Azerbaijan – 725 million USD. …

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Chinese Shipping Holding Expands its Activity in Georgia

Dimitry Kumsishvili

China Shipping (Europe) Holding, which is represented in more than 180 Sea Ports of the world via 80 local and international routes including Georgia, is ready to expand its activities. Company considers foreign trade between Georgia and Asian countries, as well as Georgia and Black Sea Countries to become more intensive. As …

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Cargo from China to Europe will Pass Through Georgia, Bypassing Russia

Large transport and logistics operators of Azerbaijan, Turkey, Kazakhstan and Georgia have agreed on creating consortium for cargo transportation from China to Europe, said the message from Georgian Railway. The agreement was reached during the presentation of opportunities and prospects for the Trans-Caspian transport route “China-Turkey-Europe” in Istanbul. “The founders …

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Egypt Replaces Turkey in the Russian Market

Cairo has asked Moscow to provide it with the list of banned Turkish goods, saying it is ready to export Egyptian products to Russia. The issue was raised at the meeting between Egyptian Trade Minister Tarek Kabila and his Russian counterpart Denis Manturov, according to Egypt’s Ministry of Trade and …

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Main Trade Links Between Russia and Turkey Are At Risk


Russia has warned of heavy economic sanctions after Turkey shot down a Russian warplane on its border with Syria. Russia is Turkey’s second most important foreign trading partner after Germany. As a result, experts say economic retaliation would be keenly felt by Ankara – but the Kremlin would not be …

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