The FINANCIAL -- The average cost of cooking one standard portion of Imeretian Khachapuri increased to 3.66 GEL in November 2015. This is 1.4% higher m/m (compared to October 2015), and 9.6% higher y/y (compared to the same month of previous year, November 2014). Given that it mostly consists of food prices that are subject to sharper seasonal fluctuations, the upward trend in Khachapuri Index is somewhat steeper than that of GeoStat’s official Consumer Price Index (CPI). The latter is up 0.3% m/m, and 6.3% y/y. 

This article intends to show that public funds spent on defence provide value to the general population because a modernized Georgian Armed Forces will be more likely to deter potential aggressors to Georgia’s national sovereignty.


The FINANCIAL -- Rati, Lasha and Irakli are first year engineering students at the Georgian Technical University (GTU). Rather unusual students, one should add. At 22-23, all three are very much alive. Yet, they never attend classes and are not taking exams.

Consultancy company Insource and PASHA Bank hosted the second meeting at Business Café. The meeting was held at Holiday Inn Tbilisi. Among the guests were representatives of top management of the leading Georgian businesses. The meeting was moderated by Mr. Alexander Jejelava and the main topic of this very interactive discussion was organizational corporate culture.

The project aims to arrange meetings of top-management representatives from different companies where they will be able to discuss specific work-related topics and share experience with each other. The invited guests discussed the examples of the corporate culture of their own companies, its importance and the ways of its development.

There is a rising interest in Business Café meetings from the managers of large and successful companies. The project will continue in 2016 and offer numerous new features to its guests.

„PASHA Bank always tries to support the projects that aim at the professional development in business sector. We are more than happy to have the opportunity to join this interesting and useful initiative,” commented the Head of PR and Marketing Department of PASHA Bank.


ProCredit Bank is hosting a charity exhibition and sale at its Head Office located at No 21 Al. Kazbegi Avenue from 24 November up to and including 27 November, where 80 works by, Rashid Tordia, Keti Matabeli, Nino Chakvetadze and other famous Georgian artists, painters and photographers will be presented. The exhibition, organised by the charity foundation “Gvtisshvilebi”, will be held on the ProCredit Bank Georgia premises for the second year. As in the previous year, all the money raised will be transferred to the charity foundation and will be used to assist children with limited capabilities and their families.

The exhibition opens on 24 November at 6:00pm and can be visited daily from 12:00pm to 5:00pm until 27 November. The event is open to the public and the works exhibited are also up for sale.

Interested parties may view the works of art on the ProCredit Bank Facebook page.

Nato Bochorishvili, Head of Marketing at ProCredit Bank: “We are very pleased to support charity initiative of  “Gvtisshvilebi”. In addition to giving art lovers the opportunity to purchase fine works of art at special prices, people with limited capabilities will benefit from these sales. These individuals are the brightest and most deserving members of our society and they have time and time again proven that their capabilities are actually unlimited. It is our duty to stand with these people.” 


From November 25 to February 29, VTB Bank (Georgia), jointly with Toyota Center Tbilisi, offers individuals, desiring to purchase a car, two year interest-free loan.

VTB Bank (Georgia) loan can be received without leaving a car saloon, only by presenting an ID card.

Within the framework of the campaign, buyers of Toyota vehicles will receive following gifts:

• Winter tires;

• Free 1 year car maintenance and service;

• 1 year discount on fuel; 

• 1 year unlimited carwash;

• Stone chip windshield protection film exclusively from the company AM.GE.

Under the campaign, VTB Bank (Georgia) offers a loan with improved conditions: Interest rate 0% (effective interest rate 1.15%), borrower’s contribution from 20%,commissionfee for loan disbursement 0%, commission fee for premature repayment 0%.

Loan application can also be filled on the web-site of VTB Bank (Georgia).

Public Relations’ Service of the VTB Bank (Georgia)

Tel.:  224 – 24 – 24

Mail:   This email address is being protected from spambots. You need JavaScript enabled to view it.

Web:  www.vtb.ge

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