The insurance company Ardi calls the Economic Council at the Prime Minister’s Office  to interest  in the problems existing during public tenders. A year ago, the company tried to draw the attention of the authorities to this issue in order to protect the interests of their clients – an appeal …

According to experts of the International Monetary Fund (IMF), after the slowdown in 2013, economic activity has quickened in 2014, which will lead to an increase of 5% – said the head of the IMF mission Chief for  Georgia  Mark Griffiths. According to him, the engine of the economy in …

Pasha Bank will sponsor the fifteenth Tbilisi International Film Festival that will take place in the city during the week of 1-7 December. The festival’s cinematic selection is very diverse in its cultural spectrum. Movies from Iran, Sweden, Germany, Great Britain and France will be featured during the week. Tbilisi …

Some 46 percent of Turkish business people believe corruption will increase in Turkey, according to a report issued by the Turkish Industry and Business Association (TÜSİAD), but few see corruption as one of the top three barriers to doing business in Turkey. According to the report, titled “Corruption from the …

The US is putting pressure on Chinese and Arab banks, forbidding them to work with Russian sanctioned companies, says Andrey Kostin, head of Russia’s second biggest lender VTB. “We have information on Arab countries, China, and others that US officials come, gather the heads of banks and say: “We will …

Frequency of flights between Tbilisi and Moscow has remained  at 14 per week for each side. “Commersant” was told by  the head of the Civil Aviation Agency Guram  Jalaghonia. He says  two Russian companies Siberia and  Aeroflotwill have the right to perform  flights from Moscow to Tbilisi. The Russian delegation …

The draft law, which determines the rules of the sale of agricultural land to foreign citizens,  will be submitted to the Parliament in the near future. Currently, the project is still under development, and representatives of the Government are consulting with various stakeholders. Business ombudsman of Georgia Giorgi Gakharia has comment …

Georgian businessmen respond to the article published in the Financial Times. Swiss researchers have come up with what they say is compelling scientific evidence that bankers have a tendency to lie if they’ll gain from it financially. The team at the University of Zurich used game playing experiments to show …

About 60-70% of employees of the  Georgian Railway  are on strike. The negotiations between new professional union of Georgia’s Railway and the Railway Administration have been underway for some time; however, these negotiations have not yielded any tangible result yet. “We stand with the specific requirements – in particular, the …

Prices of the TBC Bank stocks on the London market have increased by 0,68%. The maximum cost constituted 15 dollars per stock during the 17-21 November period.   The past session week marked 14,7 dollars.   TBC stocks are sold on the London finacial market since June 2014.

The number of foreign visitors to Turkey in the first 10 months of the year totaled 33.53 million, up 5.57 percent compared to the same period last year, government data showed on Tuesday. Foreign visitors to Turkey rose 1.09 percent year-on-year in October, to 3.44 million people, Tourism Ministry data …

The prices for gasoline at all gas stations of the State Oil Company of Azerbaijan (SOCAR) in Georgia have been reduced again by 2-3 tetri ($1=1.82 GEL), as the oil prices have dropped on the world market. (Tetri is a monetary unit of Georgia, equal to one-hundredth of a lari.) The …