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Daily Archives: December 1, 2014

Trump Tower Architect Plans to Carry out New Projects in Georgia

An architect of Trump Tower and Radissonhotel in Tsinandali will arrive in Georgia next springfor  planning his future projects. John Fotiadis  told radio “Commersant” about his plans to return to Georgia together with his partners  to restore the old ties with clients and discuss new opportunities in the market. Fotiadis says …

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Ministry of Economy: Bribery is Considered a Disgrace in Georgia

An interview with Deputy Economy Minister Dmitry Kumsiashvili Recently, Georgian businessmen are increasingly complaining about the lack of contact with the government saying that they often are not well informed about these or other important issues. In your opinion, how  isit combined with high-level estimates of the relationship between business …

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10M14 exports up 5.2% y/y; imports up 11.4% y/y

10M14 exports increased 5.2% y/y at US$ 2.43bn, while imports were up 11.4% y/y at US$ 7.01bn, according to foreign trade data released by GeoStat. As a result, trade deficit reached US$ 4.58bn with 49% share in total trade turnover. During this period, export growth to Russia (+78.6%), USA (+55.5%), …

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Tajikistan interested in Georgia’s infrastructure projects

Georgian Deputy Minister of Regional Development and Infrastructure Tengiz Shergelashvili received a governmental delegation of Tajikistan. The Tajik delegation led by Deputy Minister of Economic Development and Trade includes the representatives of the presidential administration, the ministry of finance and other ministries. The Tajik delegation was interested in Georgia’s current …

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Russian ruble takes a nosedive as oil price drops

MOSCOW — Russia’s ruble hit a new all-time low on Monday, dropping more than 4 percent as declining oil prices and the conflict in eastern Ukraine weigh on the country’s economy. The Russian currency traded at 52.41 rubles against the dollar in morning trading Monday after shedding 15 percent in …

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Music Industry in Georgia has not Become Business

An interview with Director of the sound record company Bravo Records  Zaza Shengelia A lot is said and written about the fact that the Georgian show business stopped, and nothing is going on there. What is the situation in this area, and whether   it gets  to do business in this …

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Russia Restricts Grain Exports

Rosselkhoznadzor asked the Minbistyr of Agriculture  to ban grain exports through offshore countries, Head at Rosselkhoznadzor Sergei Dankvert told TASS agency. The main buyers of Russian grain are Turkey, Egypt, Yemen, Israel, Sudan, South Africa, Iran and South Korea and Georgia. According to Dankvert, now the bulk of Russian grain …

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Gambling Business Faces Problems in Regions

The government’s visa policy is also reflected in casinos. Director of the casino opened in  the Ambassador  hotel  located in Kachreti Joni Takniashvili  told  “Commersant”. “The casino opened in October, when the new visa regime was already in force, so I cannot speak about  the decline in  clients, but under the …

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