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Daily Archives: February 10, 2015

Georgia receives first cargo train from China

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Georgia is celebrating the arrival of the first cargo train from China, which will bring millions of dollars to the local economy and encourage trade between China, Georgia and the rest of Europe. The train departed China in late January and travelled on the new railway track to Georgia as …

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HSBC Helped Clients Conceal Over $100B in Swiss Accounts, Evade Millions In Taxes

British & Irish Lions Visit Sydney

HSBC’s Swiss arm helped its wealthy clients dodge taxes and conceal undeclared “black money” accounts from authorities, according to a report published Sunday by the Washington-based International Consortium of Investigative Journalists (ICIJ). The report, which uses data leaked by a former HSBC employee-turned-whistleblower in 2007, states that the British multinational banking giant …

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Government to Spend One Mln on Working Environment Monitoring

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The government approved  the state program to monitor working conditions  and allocated  GEL  1 million from the state budget for this purpose. The program is designed to help employers to create a safe and healthy working environment. According to the Government decree №38, the employers who  gave written informed consent …

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Google Maps changes Sukhumi to Sokhumi following Georgia’s request

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The capital city of Abkhazia – one of the Russian-occupied regions of Georgia – is now being referred to as ‘Sokhumi’ instead of ‘Sukhumi’ on Google Maps after one Georgian internet user challenged the online spelling. The change, which the Google Maps administration has already approved, was initiated by Georgian …

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Georgia e-VISA Portal

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Ministry of Foreign Affairs of Georgia has launched e-Visa portal allowing tourists and business visitors to get a short term visa in effortless way. Prospective travelers have a possibility to obtain a tourist or business visa without visiting Georgian Embassy or Consular Office, following three simple steps: applying, making online …

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Casino license: get to know how to obtain and effectively use it at Georgia Gaming Congress

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On February 20, 2015, hospitable capital of Georgia will welcome professional international forum dedicated to both domestic and international gambling business – Georgia Gaming Congress. The event will bring together both international and Georgian experts of all gambling market segments. In particular, Mike Nuttall, CEO of GRC, will deliver report in the framework …

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Foreign Direct Investment Exceeded $ 1 Billion 150 Million in 2014

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Foreign direct investment (FDI) has exceeded  $ 1 billion 150 million in 2014 – predicts Director  of the Georgian National  Investment Agency George Pertaia. According to him, due to the factors contributing to GEL stability, tourism has  not significantly increased. Remittances and exports have  reduced, foreign direct investment is the …

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Competition Agency Launched a Study on Possible SOCAR Monopoly

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The Competition Agency has started a study the auto gas issue. The Agency  will study the distributor companies’ alleged violation of Article 7 of the law on Free Trade and Competition, which envisages  the anti-competitive agreements, decisions and concerted practices  between  economic agents. In particur : If they  impose such …

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