Computer’s up to grab!
21 October, 2010
Computer’s up to grab!

To make PC technologies available to entire country, Georgian government initiated a ‘Computer to Everyone’ program in cooperation with Intel Corporation. The governmental initiative is to make personal computers and laptops affordable for GEL 30-90 per month via installment payment. Skeptics think the initiative is a populist step as far as almost half of Georgian population that is on the list of past-due-loans is not supposed to enjoy the initiative.
Computer-to-all pilot program started on September 11, 2010 and is supposed

to enter into force officially on October 22, 2010 when Intel signs a deal on provision the project with its product actually.  Ministry of Education and Sciences of Georgia is implementing the program in partnership with the Intel Corporation. Computers will be sold via network of Alta and Algorithm IT shops. The program enables all social groups to acquire a PC or a lap-top for special price via 2-year payment in installment. The average monthly payment accounts for GEL 30-90.


The governmental understanding is that computers must be available to youth and teachers alike in the age of high technologies. And enhancement of the number of PC users will raise the education level and promote Georgia’s economic development. Similar project has been implemented in many countries worldwide and is supposed to be successful in Georgia as well.


The pilot project launched in Tbilisi is supposed to move to Kutaisi and Batumi gradually and then be deployed throughout all Georgian regions.
Commercial banks supposed to support the Project via preferential credits eluded the project initially. Only TaoPrivate Bank, the Ukrainian-based Private Bank affiliation in Georgia, joined the project at the outset [on October 11, 2010]. Later on October 18, 2010 TBC Bank, one of the leading Georgian banks, joined the project.
“We planned to join the project but detained announcing it as we wanted to work out our crediting proposal as much as possible so as to provide consumers with the best credit-terms,” Natia Gotsadze, PR Manger of the TBC Bank told Georgian Journal.
Bank of Georgia (BOG), one of the leading Georgian banks, claims it has always been disbursing similar credits at Alta and Algorithm shops before this governmental initiative and will continue this practice in its own way.


Both TaoPrivate Bank and TBC Bank  promise their credit officers will provide clients by due credits at Alta and Algorithm  shops in 10 minutes after and only ID must be submitted. TaoPrivate Bank   pledges any income source may serve as a credit guarantee. Installment payment can be available even without advance payment. If a client would like to pay money in advance its amount is tailored to personal purchase power individually but the benchmark advance sum should equal to  20% of the total price generally and the smaller the income of the client   the bigger is the advance sum going to 40% of the total payment. But if a client covers the entire sum prior the installment-payment deadline it faces no sanctions.
TBC Bank promises to make credits available to people with stable job and self-employees alike. However it caps the maximum amount of the payment in installment sum by GEL 3 thousand, the co-financing is not required, and the installment payment period varies from 3 months to 2 years. 
Those who are put on the list of Credit Info [the official credit history agency of Georgia created by banks and keeping information on loans] are supposed to be cut-off the credits. And as far as more than 2 million people [out of about 3.5 million Georgians actually] are put on the credit info-s list by October 1st, 2010, skeptics say the governmental initiative [aimed to make computers available to entire Georgian population] is a mug’s game. According to Christian Democrats affiliated organization of young people, those put on the Credit Info list cannot get credits at least for 5 years and the governmental initiative looks as nonsense in this circumstance.  
However, banks swear the Credit Info data is not decisive actually. The TBC Bank and BOG assured Georgian Journal that Credit Info data is just one of the components taken into account during disbursing credit usually and never acts as the key factor.  TaoPrivate Bank claims they will withdraw credits only to those who have past-due-loans.


“We refuse only the people who have past-due-loans actually. The Credit Info data are valid for 7 years and are we supposed to withdraw credits to all people who are put on its list for 7 years?” Tamuna Abutidze, PR of TaoPrivate Bank, asked Georgian Journal. “We will disburse credits to all who have cleared debts. Moreover, to those who have open credits at the moment but their clearance timetables are not violated, no matter whether or not they are our clients or clients of any other bank.”


According to Credit Info, the share of paid-off loans in the total share of positive and negative loans accounts 58.51% and 43.28% respectively.

Print
Other Stories
Doing business in Georgia has become easier than in America
According to the Doing Business 2019 report published by the World Bank, Georgia ranked 6th among 190 countries in terms of simplicity of doing business. This was an improvement over two ranks compared to last year.
Problems that foreigners frequently face in Georgia
The importance of Georgia as a tourism hub is growing year after year.
Tbilisi TV Broadcasting Tower – Better than the Eiffel Tower?
It is planned to renovate the Tbilisi TV Broadcasting Tower, one of the landmarks in the capital.
Georgian Fusion Menu by The Biltmore Hotel Tbilisi
5,895,914 international visitors have visited Georgia between January and August of 2018. Compared to the previous year the number has increased by 12.2 per cent.
Advertising of gambling and lucrative games may become banned in Georgia
Advertising of gambling and lucrative games may become banned in Georgia. Those who violate the new rule would be fined GEL 10 000.
Lebanese café-lounge Beirut opens in Tbilisi
What is necessary to organize an unforgettable event? – Fun, emotions, lots of surprises, good music and delicious menu.
Georgia second among the fastest growing tourist destinations in Europe
Georgia is among the fastest growing tourist destinations in Europe. The data is published by the UN World Tourism Organization.
Bitmain launches world digital mining summit in Tbilisi, Georgia
Bitmain CEO Jihan Wu and Roger Ver, CEO of Bitcoin.com Head Speaker List featuring Circle, DEX.top and Genesis Mining when Digital Mining Leaders Convene In Tbilisi on September 21-23
GAZELLE FINANCE GEORGIA AND TBC BANK HELP THE WESTERN REGIONAL CENTER OF MODERN MEDICAL TECHNOLOGIES EXPAND ACCESS TO QUALITY HEALTHCARE SERVICES IN KUTAISI, GEORGIA
TBC Bank and Gazelle Finance have teamed-up to support Medical City, a leading healthcare provider in the western region of Georgia to launch the Western Regional Center Of Modern Medical Technologies.
Equivalent to buried treasure – resources that are underused in Georgia
For 2018 the IMF Commission has forecast an annual economic growth for the Georgian economy of about 5,5%.
Does the quality of Georgian wine increase and how the export affects it
If we look at the data collected about modern Georgian wine, we will find out that the Georgian wines produced between 2015-2017 are much better in terms of their quality and Oenologic features rather than the wines produced between 2009-2011.
Japan simplifies the visa requirements for Georgian citizens
Diplomatic and economic relations between Georgia and Japan are now moving to a new phase. Recently Japan has decided to simplify the visa requirements for Georgian citizens.
M&S (Marks and Spencer) and H&M collections to be produced in Georgia
Garments manufacturer MGMTEX will start production of the M&S and H&M trendy collections from this September.
The World Digital Mining Summit to be held in Georgia
The summit is scheduled to take place between 21st-23rd September in the Hualing Hotel, Tbilisi, Georgia.
Galt and Taggart - Tourism Boom Continues in Georgia
Tourism has become one of the key drivers for the Georgian economy. Galt and Taggart has recently published research about the Georgian tourism sector in the first half of 2018.
"The worst dream for Putin is that Russians want to live in Georgia"
This year, visitors to the Adjara region would notice that there is a boom in construction in and around Batumi.
Underground gas storage facility to be built in Georgia
KfW, a German government-owned development bank signed a EUR 150 million promotional loan with the state-owned Georgian Oil and Gas Corporation (GOGC) for the construction of the first underground gas storage facility in Georgia.
New gambling rules for Georgia
Georgian lawmakers are preparing a new draft law relating to online-casinos and gambling that will seek to curb gambling addiction in Georgia.
How expensive is it to visit Georgia?
The Georgian Lari (GEL) is the official currency of Georgia and is the only legal means of payment in the entire territory of Georgia.
Trade with the EU and the Commonwealth of Independent States (CIS) has grown significantly
Trade with the EU and the CIS has grown by 26% and 33.5 % respectively, says GeoStat, the Georgian National Statistics Office.
The unemployment rate decreases in Georgia
The unemployment rate decreased in Georgia by 1,9% and amounted to 12.1% in the 2nd quarter of 2018 compared with the previous quarter,
Memorandum of Understanding to be signed between Georgia and Malaysia
According to the Georgian Ambassador to Malaysia Nikoloz Apkhazava, Georgia plans to sign a Memorandum of Understanding (MoU) with Malaysia.
“Blauenstein Georgia” due to expand in Georgia
“Blauenstein Georgia” is planning to open more shops in Georgia. It is an agriculture company that sells meat products, meat and convenience food.
The amount of Direct Foreign Investment rises in Georgia
According to the information of the National Statistics Office of Georgia, the amount of direct foreign investment in Georgia has risen
It’s going to get  harder for foreigners to get residence permit in Georgia
It’s going to get harder for foreigners to get permit of residence in Georgia.
PHOTO OF THE DAY
Exchange Rates
GEL Exchange Rate
Convertor
12.11.2018
13.11.2018
USD
1
USD
2.7146
2.7166
EUR
1
EUR
3.0800
3.0602
GBP
1
GBP
3.5325
3.4900
RUB
100
RUB
4.0430
4.0131
Other Stories
Recently Toyota rolled out Global Campaign under this slogan that reflects the Olympic and Paralympic Spirit of Encouragement,
A couple from Switzerland combines Swiss tradition and technology with Georgian products. Their cheese is made in the Georgian mountains and sold in local stores and hotels.
It has been more than five years since the residents of Lilo village, near Tbilisi, cannot open their windows.
63 000 GEL was received by the Georgian Agro Export Group which is just a small part of the European Neighbourhood Programme for Agricultural and Rural development.
Georgian entrepreneur Guka Tavberidze, who runs his own business in the UK and does it quite well, has been invited by BBC
The grand opening of 7-star The Biltmore Hotel Tbilisi took place in Georgia’s capital on July 31.
DUSHETI, Georgia – The Georgian government and the World Bank will allocate USD 5.6 million (12 million GEL) to fund
A new Georgian clothing brand named Person has emerged in Georgian market.
Georgia is in the midst of an economic maelstrom, Euronews reports.
Situation at Georgia’s mineral water market is interesting: over the last year, the volume of export has grown by 56 percent. According to “GeoStat”, over $114 million worth of mineral water was sold
GEL Exchange
USD
1
USD
2.7166
EUR
1
EUR
3.0602
GBP
1
GBP
3.4900
RUB
100
RUB
4.0131
November 2018
Mon Tue Wed Thu Fri Sat Sun
1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30