The total number of voting rights in TBC PLC as at 30 September 2024 is therefore 56,022,807 (the "Total Voting Rights").The Total Voting Rights figure may be used by shareholders as the denominator to determine if they are required to notify their interest in voting rights, or a change to that interest, in TBC PLC under the FCA's Disclosure Guidance and Transparency Rules.The above Total Voting Rights (44,701,983) figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in Bank of Georgia Group PLC under the FCA's Disclosure Guidance and Transparency Rules.
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Its name was inspired by terms used in historical Georgian kingdoms, with lari signifying treasure and property and tetri adopted as the fractional currency based on a historical coin from the Middle Ages.The NBG’s board authorised ₾ as the currency's symbol, based on the letter ‘L’ of the Georgian alphabet, on July 7, 2014.The Bank said collector coins would be issued in 2025 to commemorate the currency's 30th anniversary.
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The consolidated index already includes digital banks' sales.The most, 292,000 GEL, comes from Paysera. Hash Bank and Pave have losses. Liberty has a loss of up to a million (GEL 959,000), which is one of the exceptions among large-asset banks.Banks With Profit From Currency Exchange (GEL)
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Guest Speakers:- Wato Tsereteli, Center of Contemporary Art - Tbilisi (CCA)- Data Tsintsadze, Napirze, Rustavi- Levan Asatiani, Street School, TbilisiRoundtable Discussion on Commoning and Stewardship for Cultural HeritageCultural heritage is crucial in shaping community identity and helping people connect with their past, fostering a sense of belonging. Today, historic buildings and neighborhoods face the risk of being reduced to mere images, losing the collective practices that reflect shared interests. How can critical care and maintenance for the build environment contribute to placemaking and new forms of collective ownership? In this discussion, we will explore two neighborhood revitalization initiatives and examine how both tangible and intangible cultural heritage can inform the social and material regeneration of our cities.Guest speakers:- Nika Gabiskiria, Kibe project- Lia Bokuchava, ICOMOS, Betlemi NeighborhoodModerated by Stefan Gruber and Tinatin Gurgenidze
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Up to 1 billion GEL is placed on the correspondent accounts of the banks in the regulatory body.The increase in reserves is related to increased foreign currency acquisitions by banks and the increase in dollarization of deposits.According to the NBG supervisory norms, the reserve requirement for funds raised in foreign currency is 20%. Banks are required to reserve according to the dollarization of the deposit portfolio. The bank has to press the upper limit at the dollarization ratio of 70% or more. Between 40-70%, it decreases proportionally and linearly.
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GEL 7 million out of GEL 13 million losses, which are distributed among 5 banks, accounts for Silk Bank. The net loss of the sanctioned VTB exceeds GEL 3 million.TOP 5 Banks By Net Profit 01.06.2024/01.09.2024
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International assets totaled 16.2 billion USD (45.4 billion GEL) by June 30 2024, increased by 157.0 million USD compared to the previous quarter.Liabilities increased by 622.0 million USD during the quarter totaling 45.6 billion USD (128.2 billion GEL), down by 622.0 million USD quarterely.
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Total demand was 2.1x higher and the weighted average yield was fixed at 8.465%, down by 0.308ppts from previous auction held in Aug-24.The nearest treasury security auction is scheduled for October 1, 2024, where GEL 20.0mn nominal value 6-month T-bills and GEL 50.0mn nominal value 3.3-year Benchmark Bonds will be sold.
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Opening: Friday, October 4, 18:00-20:00Symposium Commoning Tbilisi and Curator’s Tour: Sat. October 5, 14:00-19:00Exhibition Duration: October 4 - November 15, 2024Opening Hours: Monday–Saturday, 10:00-20:00Curatorial Team:Anh-Linh Ngo, Mirko Gatti, Christian Hiller, Max Kaldenhoff, Christine Rüb (ARCH+); Elke aus dem Moore (ifa); Stefan Gruber (CMU)Research Partners:School of Architecture, Carnegie Mellon University (CMU) Pittsburgh, Remaking Cities Institute,Prof. Stefan Gruber, and Technische Universität Berlin, Institute of Architecture, Prof. Rainer HehlCurators of Tbilisi Edition:Stefan Gruber (CMU), Tinatin Gurgenidze (TAB), Mariam ShergelashviliSocial media and other platforms whose business models are based on the commercialization of social relationships, have transformed words like “community,” “sharing” or “we” into empty concepts that no longer represent solidarity or a progressive social agenda, but rather form the basis for an emerging platform capitalism. This economic development is accompanied by a global political shift fueled by traditional community notions of identity and affiliation, exclusion and discrimination. Against this background, the exhibition and publication project An Atlas of Commoning aims to reclaim and redefine the open and emancipatory space of “we” as a concept. The project focuses on urban commons—here commons are to be understood as a set of practices dealing with the collective production and governance of (material and immaterial) resources and spaces in general, rather than with the resources themselves, hence “commoning,” the verb, takes center stage. Commoning is a process of dealing with differences and conflicts between the individual, the community and society. A process of spatial organization in the relations between production and reproduction, ownership and access to resources. A process that brings together solidarity networks and redefines individual and collective rights. The project questions the prevailing social and political structures and seeks new forms of collective, yet pluralistic, governance.With contributions from:Morehshin Allahyari & Daniel Rourke; clemens krug architekten & Bernhard Hummel Architekt (Team: Oliver Clemens, Anna Heilgemeir, Bernhard Hummel, Emma Williams); Assemble & Granby Workshop; Iwan Baan; Brandlhuber + Christopher Roth; DAAR Decolonizing Architecture Art Residency; Theo Deutinger; Eureka; Manuel Herz; Sandi Hilal, Philipp Misselwitz & Anne Misselwitz; Immo Klink; Kotti & Co; Kuehn Malvezzi; Angelika Levi; Golan Levin (F.A.T. Lab) & Shawn Sims(Sy–Lab); Makoko Waterfront Community; Tukano Maloca; Miethäuser Syndikat; National Union of Sahrawi Women; NLÉ Architects; PlanBude Hamburg, Svenja Baumgardt & Sylvi Kretzschmar; Common Ground e.V. & Nachbarschaftsakademie; Quest – Florian Köhl / Christian Burkhard; Martha Rosler; Harald Trapp / Robert Thum; Urban-Think Tank, Chair of Architecture and Urban Design ETH Zürich; WiLMa GmbH; Samson Young.The “Atlas of Commoning” also includes works by:Airbnb; ARGE ifau | HEIDE & VON BECKERATH; Atelier d’Architecture Autogérée; BARarchitekten; Bau- und Wohngenossenschaft Spreefeld Berlin eG; Carpaneto Schöning Architekten; City in the Making; FATkoehl Architekten; Die Zusammenarbeiter; El Campo de la Cebada; Genossenschaft Kalkbreite; Genossenschaft Kraftwerk1; Go Hasegawa and Associates; IBeB GbR; Müller Sigrist Architects; Refugee Accommodation and Solidarity Space City Plaza; Schneider Studer Primas; Stiftung House of One – Bet- und Lehrhaus Petriplatz Berlin; Gemeinde Yoshino; ZUS [Zones Urbaines Sensibles].Tbilisi initiatives include the Betlemi Neighborhood Revitalization, Birzha, the Center of Contemporary Art Tbilisi, Napirze in Rustavi, the Kinbe Project, the Save the Rioni River Movement and Street School.For more information, visit www.biennial.ge
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Risks of possible prolongation and escalation of geopolitical conflictsRisks arising from the Russia-Ukraine war and geopolitical conflicts in the Middle East remain at a high level. This causes macroeconomic vulnerability both globally and in trade partner countries. Prolongation of geopolitical tension in the region can become a source of inflationary pressure, which is also facilitated by the current events in the Red Sea. In addition, the turbulent geopolitical environment may negatively affect investor sentiment in the region and lead to an overestimation of the country's sovereign risk.Slow normalization of monetary policy by leading central banksAgainst the background of prolonged maintenance of globally tightened monetary policy, global inflation began to decrease gradually. However, it should be noted that the uncertainty related to the dynamics of inflation remains at a high level, which prompts the leading central banks to caution and slows down the pace of withdrawal from the tightened monetary policy. The increase in uncertainty related to price dynamics may lead to additional tightening of monetary policy and/or longer maintenance in its tightening phase.Cyclical downturns in the real estate marketAs a result of the war, the demand for real estate increased significantly due to increased migration to the country. In the wake of stopping the effect of migration, demand from the foreign sector has been replaced by domestic demand, which has been facilitated by strong economic growth. On the back of sustained strong demand, supply also increased, which was reflected in the increase in permits issued. Since the said demand is largely cyclical in nature, in the event of a significant reduction in economic activity, excessive concentration of labor force and investments in these sectors may lead to a sharp increase in unemployment and difficulties in servicing debt, which will negatively affect financial stability and the economy as a whole.Deterioration of external factorsThe Russia-Ukraine war had an uneven impact on Georgia's main trade partner countries. On the one hand, the economic situation in the countries directly involved in the war significantly worsened. On the other hand, a number of countries in the region saw an increase in remittances due to increased migration, which was reflected in their improved economic growth. In case of deterioration of the geopolitical situation in the region, a rapid outflow of capital from the mentioned countries is expected, which will worsen the economic growth of the mentioned countries. This will have a negative impact on Georgia's food demand and, therefore, on economic growth.
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Georgia Approves National Aquaculture Strategy Through EU, Sweden, and...
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Simple and Versatile International Payment Platform
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Final Event to Present Achievements of the EU-Funded Skills for Job Pr...
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NBG named the main risks of financial stability
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Electricity Exports Are Down
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