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Daily Archives: April 6, 2015

Hualing to Invest $30 Mln in Kutaisi FIZ

“Hualing” to Invest $ 30 Mln in Kutaisi FIZ

Hualing Group, one of the largest investment companies, plans to invest $ 30 million in the Kutaisi free industrial zone (FIZ). According to the government’s resolution of March 10, the term of  the industrial zone functioning on the territory of the former Kutaisi automotive plant is defined in 30 years. …

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Russia’s “MegaFone” Enters Georgia

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The Russian cellular communications company “MegaFon” together with the Georgian telecommunications operator SilkNet organized the first land border crossing trunk line between the two countries along the route Upper Lars – Kazbegi. The length of the main portion is  37 km, the initial capacity of the “highway” – 100 Gbit/s. …

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Government Signs Agreement With International Advisory Group

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Within the framework of the EU Association Agreement the government of Georgia has signed a long-term agreement with the international advisory group Global Alliance for Health and Social Compact to bring the country’s health care system in line with European standards. The document was signed by Minister of Labor, Health …

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Revenue Service Started Working to Shorten the Audit Process

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The Revenue Service started working on  shortening  the tax audit deadline. A former Prime Minister Bidzina Ivanishvili  asked the legislature to take up the matter. Ex-Primer and NGO  “Citizen” founder  called on the Parliament and the government to reduce tax audit process  and approach the  European practice. “Commersant” contacted the …

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“Terjola Wine” to Export 3 000 Bottles of Wine to Japan

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Cooperative “Terjola wine” expands its business. Instead of 700 bottles, this year  up to 3 000 bottles of wine produced by the cooperative will be exported to  Japan. Japanese will be able to  purchase a bottle of “Terjola wine” for $ 10. According to  one of the founders  of the …

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State Sector and Businessmen Hold Round Table under Develop Business Project

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The Association of Young Financiers and Businessmen (AYFB) has organized a meeting with state officials and representatives of the small business sector as part of the Develop Business project. The meeting was held in the format of a round table. Representatives of the Economy Ministry Entrepreneurship Development Agency and Projects …

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