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Monthly Archives: September 2014

It will be Difficult for “Sotheby’s International Realty” to Occupy its Niche on the Market, Georgian Companies Say

A real estate company “Sotheby’s International Realty” starts operating in Georgia and is interested in the Georgian market of expensive and luxury housing. According to President  of the Israel -Georgia Chamber of Business , the company’s  office will be opened in Tbilisi in the near future. “This is a company of a very high …

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Problem of Unskilled Staff Bothers all Georgian Companies

Georgia faces an unemployment, on the one hand,  and  on the other  businessmen cannot find qualified professionals and personnel problem is acute for all companies. What is a reason, how can this problem be solved, and what mechanisms should be developed? What is the opinion of business and non-governmental organizations, and what are …

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Georgian Manufacturers to be Subsidized in State Tenders

An interview with Chairman of the Competition and State Procurement Agency Levan Razmadze You met with businessmen and discussed the issue of encouraging local producers. How will this happen? We are working on the law at this stage, which will encourage local production – for example, if  high-quality Georgian products will be put in …

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Patarkatsishvili Family not Confirmed Reports about their Leaving GCF

Information  that  Badri Patarkatsishvili’s family has decided to leave  the Georgian Co-investment Fund  (GCF) is not true. President of the Foundation denied the abovementioned information in a conversation with “ Business contact”. The Patarkatsishvili family remains in the fund, he says  and they  are going to carry out quite interesting projects. However, Bachiashvili has not specified them. “They remain …

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Kazakh-Chinese trade turnover exceeds $22 bln

The trade turnover between Kazakhstan and China reached $22.5 billion in 2013, and this figure is 4 percent more compared to 2013, Managing Director of Kaznex Invest Askar Arynov said. “According to our analysis, in 2013 the trade turnover between the two countries amounted to $22.5 billion, increasing by 4 …

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Kazakhstan to increase oil production in 2015

Kazakhstan’s oil production is expected to reach 81.8 million metric tons in 2015, local media reported with reference to National Economy Minister Erbolat Dossayev on September 15. “The Energy Ministry forecasts that oil production will reach 81.8 million metric tons in 2015 and increase to 96 million metric tons in …

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Qazvin-Rasht-Astara railway to start functioning in early 2015

The Qazvin-Rasht-Astara railway, which is an integral part of the “North-South” international transport corridor, will be commissioned in early 2015. Executive engineer of the railway construction project Farhad Kafi told this to Azerbaijani reporters, who visited the Iranian province of Gilan. He said the total length of the Qazvin-Rasht-Astara railway …

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Russian billionaire Yevtushenkov under house arrest in money laundering case

The main stockholder in the Russian conglomerate AFK Sistema and the country’s 15th richest man according to Forbes, Vladimir Yevtushenkov, has been placed under house arrest on charges of money laundering. The billionaire is accused of acquiring shares in oil producer Bashneft, in the Russian province of Bashkiria, by “criminal means.” …

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China pumps $81bn into banks to stop slowdown – report

The Chinese central bank is to inject $81 billion (500 billion yuan) into 5 major state banks to stimulate economic activity and lending, according to a source inside the People’s Bank of China. It is an attempt to counter slower than expected growth in the world’s second largest economy while …

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