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
EU to allocate € 13 billion for Eastern Partnership countries, including Georgia
The European Union together with the World Bank plans to allocate investment worth € 13 billion for infrastructure projects in the Eastern Partnership countries.
Anaklia Port and its importance for Georgia
In 2016, Anaklia Development Consortium was authorized to launch the construction of Anaklia Port.
Cryptocurrency mining threatens electrical network in Abkhazia
In the breakaway region of Akbhazia rampant cryptocurrency mining is threatening the shaky electrical network, reports an article of the news portal EuroNet.
Caucasus Wine University to be opened in Gurjaani
In the Kakheti region a new viticulture campus of the Caucasus University is in the process of planning.
Photos describing life of the poorest in Georgia
Fight with poverty should be among top priorities of every government in every country.
Training farmers to rescue the organic hazelnut production in Georgia
Even drizzling rain and unpleasant gusts of wind can’t prevent the farmers from coming and participating in the agricultural training.
Bleak times for organic farmers in Georgia – but there is hope
Organic hazelnut production is a delicate plant in Georgia that has emerged just a couple of years ago. Various pests, among them the Asian stink bug Parosana, trouble hazelnut farmers and menace their livelihood – even before their businesses could really take off.
Hybrid car imports are going through the roof in Georgia
Thanks to their fuel economy, the popularity of hybrid cars is increasing in Georgia, where fuel affordability is low and prices for fuel are unstable.
The New Year offer from MAQRO Construction - Apartments with unbelievable discounts and the parking spaces for FREE!
Location, green yard, spaces for various needs, experience of the construction company and parking space are the main important criteria for potential buyers of apartments.
Interview with the co-founder of Kiwi Vegan Café – the first vegan place in Tbilisi
Behind the Kiwi Vegan Café stands a group of activists who wants to raise Georgian’s awareness for animal rights and welfare.
Biblusi opens first shop for tourists - Georgian
The largest book shop in Georgia Biblusi opens the first shop specially designated to the needs and interests of tourists and named it Georgian.
Georgia improves by five ranks in the Prosperity Index
In the overall Prosperity Index rankings, Georgia has climbed by 5 positions from 85 to 80 when compared to last year. As such, Georgia is the best performing country in the CIS zone.
The future is bright for electric cars in Georgia
The numerous hybrid cars in the streets of Tbilisi cannot be overlooked. Entrepreneur Sulkhan Gvalia calls them “pagers”, referring to the predecessor of mobile phones.
Georgia’s fight against the big tiny enemy – Asian Parosana
It’s a tiny creature, but the harm it did to the Georgian agriculture sector was and still is immense.
New cable route: from Kobi to Gudauri in 15 minutes
On the 15th of December, cable transport is scheduled to be opened connecting Kobi and Gudauri.
Tourist boom in Gudauri – majority of hotels are booked by foreigners
Gudauri is among the most popular winter resorts in Georgia.
Medical tourism increases in Georgia
In the last 9 months, Georgia was visited by 19 500 foreigners for medical and recovery purposes.
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
PHOTO OF THE DAY

Exchange Rates
GEL Exchange Rate
Convertor
19.01.2019
20.01.2019
USD
1
USD
2.6629
2.6629
EUR
1
EUR
3.0368
3.0368
GBP
1
GBP
3.4463
3.4463
RUB
100
RUB
4.0103
4.0103
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
2.6629
EUR
1
EUR
3.0368
GBP
1
GBP
3.4463
RUB
100
RUB
4.0103
January 2019
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 31