IPR Expert: “People do not understand the function of intellectual property and how it contributes to economic development and business growth.”
The COMMERCIAL TIMES
Intellectual Property Rights (IPR) has always been a highly disputed issue in different societies and countries. In Georgia,  the National Intellectual Property Center, Sakpatenti, is working on improvement of IPR in the country Economic Prosperity Initiative (EPI) of the US Agency for International Development (USAID) is cooperating with Sakpatenti regarding the value creation aspect of IPR. This is an important part of the EPI project that aims …


General Director: “If you don’t have trust of clients, you can close your doors”
ProCredit Bank, Georgia has started a new Image Campaign reminding people of their rights in dealing with banks. As Ms. Maya Meredova, General Director of ProCredit Bank, Georgia, told The COMMERCIAL TIMES in an interview, with the commercial banks becoming increasingly active, it’s even more important that people are clearly and correctly informed about banking products and services they are offered. Ms. Meredova says that ProCredit Bank’s new Image Campaign, launched in early June, carries a broader …

Director General: “Business People Don’t Waste Time Thinking Twice to Live in a Comfortable Apartment.”
The COMMERCIAL TIMES
IDECO and TBC bank recently launched a joint project offering mortgage loans from 0%.  Those who are willing to buy an apartment at luxury Opera Residence will enjoy mortgage loans from 0% with maximum 120 months loan expiration term, the only requirement is to present relevant income documentation.
“After the crisis on the local construction market mortgage loans have become rather limited. Banks’ role in mortgage lending is very significant as it …

Director General: “With Berta we’ve proved that local production is quality production”
Berta, the first Georgian factory of household and personal care products, is entering neighboring countries immediately after startup. The COMMERCIAL TIMES interviewed Vasil Sulkhanishvili, Director General of Berta regarding the company’s very first month’s development in the local market and broader internal and export-related expansion plans.
- It’s only several months that the Georgian-Swiss company Berta started sales. According to the official website, it is the first and the largest manufacturer of household and personal care products in the …

CEO: “I believe that the acquisition is beneficial both for Constanta and TBC bank. With TBC support, Bank Constanta will further increase ambitions to exceed GEL 500 million in assets in 3-5 years.”
The COMMERCIAL TIMES
TBC Bank, one of the leading commercial banks in Georgia, has recently entered the local microfinance market. The bank already enjoys good reputation in running microfinance institution in neighboring Azerbaijan and now after acquiring the control package of Bank Constanta the bank has ambitious plans in Georgia as well. The COMMERCIAL TIMES interviewed Vakhtang Butskhrikidze, …