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Daily Archives: November 19, 2014

Why is the Rate of Economic Growth Falling?

daviT onofriSvili

An interview with the Head of Finance and Budget Committee of Parliament David Onoprishvili Statistics for the   last few months shows that either recession or a serious slowdown  is observed in key areas of the economy. What is a reason? I would not agree with such apocalyptic assessment of the …

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Electric Power Generated by Khudoni HPP might not be Exported


Electricity that will be produced by Khudoni HPP might  not be exported and be completelyconsumed inside  the country – this topic is discussed at  the talks  between the Georgian government and the Indian company Transelectrica which plans to build a hydroelectric power station. Work on the changes in the already signed …

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Importers Talk about Negative Consequences of the Abolition of Benefits


Georgian importers analyze the negative effects of the recent decision by the country’s Parliament to abolish the preferential tax treatment in terms of VAT. According to  CEO  of GD-Holding Uta Maziashvili, importers’ turnover  has reduced in recent months because of the new law. “Cancellation of benefits has not led to a …

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Excise Tax on Beer might not Grow from 1 January


It is possible that the government’s intention to increase the excise tax on beer from January 1 will be reviewed – the businessman Temur Chkonia told “Commersant” after a meeting with the Minister of Finance of Georgia. According to him, at the meeting the businessmenopposed against the planned doubling of the …

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Rustavi Sagarejo gas pipeline construction completed in Georgia


Oil and gas corporation of Georgia has completed construction of a 25 km section of the Rustavi Sagarejo gas pipeline. The connecting of the section to the main gas pipeline is underway now, the corporation told Trend. The work worth 5.2 million GEL ($1 = 1.76 GEL) was carried out …

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Kazakhstan bans sale of number of Russian alcoholic beverages


Kazakh authorities have imposed restrictions on sale of a number of alcoholic beverages made in Russia on the territory of Kazakhstan for “food security” reasons, Kazakhstan’s Consumer Rights Protection Committee said. “The alcoholic products do not conform to the food safety requirements of Kazakhstan. Such vodka brands as Talka, Empire, …

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The Netherlands will soon ratify Georgia’s association agreement with EU


Soon the parliament of the Netherlands will ratify Georgia’s association agreement with the EU, the Georgian parliament head, Davit Usupashvili said Nov. 18. He made the remarks after a meeting with the Chairperson of the Dutch House of Representatives Anouchka van Miltenburg. For the document to fully enter into force, …

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