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Daily Archives: March 13, 2015

Cars from USSR

Cars from USSR

Cars from USSR. When you think of some of the classic vehicles to emerge from the Soviet era it’s easy to build an image of a lumbering stereotype; a kind of dull, functional car that looked and felt extremely similar to other models. While that may be true to some …

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Russia to Reduce Gas Price for Armenia


Russia reduced The Armenian authorities and the management of Gazprom (Russia) have come to an agreement to reduce the gas price on the Armenian border from 189 to 165 USD, Zhamanak (Time) newspaper says, citing its own sources close to the Armenian Government.   “The Armenian dram depreciation against US dollar might raise the …

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Parliament’s Recommendations to Overcome the Crisis


The Parliamentary Committee on  Sector Economy has developed a series of recommendations to the government of Georgia, which, according to deputies, will be able to contribute to the stabilization of the economic situation in the country. In particular, to  accelerate the privatization process, to ease visa regulations, reduce  the tax …

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Consumer sentiments falls in US


Consumer sentiment in US fell more than expected in February, dropping from an 11-year high on concerns about wage growth, a survey released on Friday showed. The University of Michigan’s preliminary February reading on the overall index on consumer sentiment came in at 93.6, below the final January read of …

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10 companies cut the most jobs in 2014


There are 10 companies in the Standard & Poor’s 500 that reported the largest percentage drops in the number of employees in calendar 2014. Investors focus on the bottom line. But a big part of a company’s bottom line – is its headcount – since employees are one of the …

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BBC is making a drama based on GTA


The BBC is developing a new drama about controversial video game Grand Theft Auto (GTA). Infamous for its use of prostitutes, torture, graphic sex and extreme violence, it may seem like an odd choice for the national broadcaster but the drama will be based on its creation, rather than the …

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US Dollar Finally Takes a Day Off


For the first time in more than a week, the US dollar is on the retreat after a furious advance against every major currency. The US dollar index has dipped back below 100 and markets took a breather giving some respite to everything from emerging markets to commodities. The euro, …

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Some Investors may be Exempt from Paying Income Tax


Some investors may be exempt from income tax – Economy Minister Giorgi Kvirikashvili states. According to him, it is difficult to say what criteria will be used in determining  such companies and now the government is working on this issue. “As for the liberalization of the tax policy, we are …

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Gov’t Decided to Encourage Local Airlines


The Georgian government is working on certain benefits for local air carriers – Economy Minister Giorgi Kvirikashvili says. In particular, in his words, we are talking about subsidizing charter flights. According to Iase Zautashvili, the CEO at “Airzena” airline,  this is a very interesting initiative and can only be welcomed. …

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