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Monthly Archives: December 2014

What is a Real Price of Fuel in Georgia?


Why a price of fuel in Georgia does not fall adequately to changes in the international market? Why a halved price on the international market  is not reflected in the  Georgian market? Is the price of gasoline artificially increased in Georgia? Whether we are talking about a pricing policy agreed …

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Online Gambling to be Banned in Georgia

Ruletka - Kasyno - Hazard

The relevant bill has already been developed by the Ministry of Internal Affairs and will be considered by Parliament in the spring. According to the newspaper Prime Time, an initiative of the Ministry is likely to be supported by a parliamentary majority. “According to various estimates, 70% of underage play …

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CNN to Stop Broadcasting in Russia


CNN will cease broadcasting in Russia following the recent passage of a law that puts limits on media companies’ foreign ownership. In October, Russian President Vladimir Putin signed a law requiring foreign-owned media companies in Russia to cut non-Russian ownership to 20 percent by the end of 2016, Bloomberg reports.

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HSBC Russia: Country’s Purchasing Managers’ Index


Input prices rise at fastest rate since October 1998 Fastest rise in output prices since data first collected in January 2003 Headline PMI* falls below 50.0 as new orders decline and output stalls The Russian manufacturing sector continued to endure surging inflationary pressures due to the collapsing ruble at the end of 2014, …

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State Tenders Lost Attractiveness for Major Auto Importers


Large auto importers are talking about a decline of  business in terms of the  state tenders. According to the CEOs of   the country’s two largest auto importers Tegeta Motors and Toyota Center Caucasus, the government reduced the costs of the  tenders on purchase of services for maintenance of vehicles,however, small …

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China Southern Airlines could Stop Flying to Georgia


The Financial  writes about a dramatically reduction of  Chinese investments in Georgia. The Economic and Commercial Chancellor of the Chinese Embassy  says that the government’s visa policy has a negative impact on investments. According to Mr Liu Bo, 30 delegates who paid a visit to the  country  are ready for …

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Businessman Mashkevich Formed a Special Working Group in Georgia


Israeli-based  businessman Alexander Mashkevich established a  working group in Georgia which is working on the plan of his investment in the country. The businessman is interested in the health care  sector,  projects are being developed in this direction. The amount of investment which Alexander Mashkevich will made  in Georgia will …

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Russia among Georgia’s Top Three Trading Partners


In January-November 2014, Georgia’s foreign trade turnover (excluding non-organized trade) amounted to $ 10.4 billion that is 7% more than in January-November of  the previous year; the exports amounted  to  $ 2.6 billion (0.5% increase) and imports –  $ 7.7 billion (9% increase). Georgia’s negative trade balance amounted to $ …

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Turkey, Kyrgyzstan agree to boost trade volume


Turkey signed a memorandum of understanding with Kyrgyzstan aimed at increasing trade the volume to $1 billion between the two countries on Dec. 26. Speaking at the Eighth Turkey-Kyrgyzstan Joint Economic Commission, which was held in Bishkek, Turkish Deputy Prime Minister Numan Kurtulmuş said, “The agreement will serve as a …

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