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Daily Archives: March 10, 2015

Turkish Companies Interested in Investing in Energy and Textile Fields

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After Georgia-Azerbaijan-Turkey Business Forum, the International Investors Association expects specific investment projects to be carried out in the current year. The  Association’s Secretary General   states “Commersant” that within the Business Forum  held in Batumi on March 6the main interest was expressed in the energy, agriculture and tourism sectors. According to …

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Arab Islamic Banks Come to Russia

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Arab banks adhering  to the Shariah rules are  ready to enter the Russian market through local players. The Russian “Kommersant” writes with reference to the Executive Director– Financial Institutions Supervision at the Central Bank of Bahrain Abdul-Rahman Al-Baker. We are talking about at least two banks – Bahraini Al Baraka and …

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Meat Company Founded in Georgia with Georgian-Swiss Investment

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Production of meat was launched by  “Blauenshtain Georgia” company established with the Georgian-Swiss investment which also owns the cattle farms in the region of Racha. For the first time in Georgia, “Blauenshtain Georgia” has produced the so-called “flesh meat” meeting modern standards. Cattle is slaughtered in a special way after …

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Seventh Global Brand Considers Leaving the Georgian Market

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“Commersant” reports that the global brands operating on the Georgian market have serious problems. Recall that recently the Georgian market has been left by such international brands as River Island and Debenhams. Early last year Tom Taylor and 123  brand withdrew from  the local market. As reported, the American sports …

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Taxi Companies not Plan to Increase Prices for Services

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Despite the rise in the price of autogas and currency devaluation, taxi companies in the near future do not plan to increase prices for their  services. “Commersant” was told at  “Omega Taxi” that the company  works with contractors, and tariffs are already defined. “Our drivers use different fuels, but we …

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The Lari’s Devaluation not Reduced Sales in the Olympic Village

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Sales in the Olympic Village built by the Chinese company “Hualing” began in November and intensified in December and January – the company says. According to management, the majority of buyers are  the citizens of Georgia. Cost of 1 sq. meter starts at $ 635. The Georgian representation of “Hualing” …

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State Pension Fund to be Transferred to Foreign Private Company

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The government wants to  move to a retirement saving system  in 2017 while  the final version of the reform will be developed  by the end of the year. According to Otar Dzidzikashvili, head of the  Pension Reform Service, a special group is working to balance the inflationary risks. Experts also …

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