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Daily Archives: May 6, 2015

Georgia Shares Cash Management Experience With Austria

Georgia Shares Cash Management Experience With Austria

A second country is wanting to learn more about Georgia’s unique cash management system, which helps the country’s financial sector operate as effectively as possible. After Moldova, now Austria wanted to gain valuable insight into Georgia’s Cash Centre. Austrian National Bank representatives have visited Georgia’s National Bank (NBG) Cash Centre, which …

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New Coffee Factory Invents Unique Georgian Coffee Blend

New Coffee Factory Invents Unique Georgian Coffee Blend

The taste of Georgia will soon be available in coffee mugs all around the country and further beyond. A new coffee enterprise soon to open in capital Tbilisi is developing Georgian roasted coffee – a unique blend that only represents Georgia. Local coffee importer BB Company is behind the initiative to …

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Parliament Will Give Confidence Vote to Cabinet on Friday

Parliament Will Give Confidence Vote to Cabinet on Friday

Georgia’s Parliament will vote whether or not approve the renewed Cabinet on Friday, May 8. The date was set after President Giorgi Margvelashvili sent the renewed composition of the Cabinet to Parliament for approval this afternoon. The new Cabinet included three new ministers – Tinatin Khidasheli as Minister of Defence, Tariel …

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The World’s Next Big Trading Block May Be India

The World’s Next Big Trading Block May Be India

A new Common Market is being formed. It has a bigger economy than the whole of sub-Saharan Africa, more states than the European Union has members, and twice the population of North America. It’s called India. For more than six decades since independence, India’s 29 states have operated almost as …

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Here’s How Much Income is Taxed Around The World

Here's how much income is taxed around the world

Taxes on wage income vary heavily around the world. The OECD recently published a report comparing the tax burden on wages in the world’s developed economies. One of the main measures the OECD used in the report is the “tax wedge”. This is a combination of personal income taxes with …

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Airlines Bring in More Foney From Bag, Reservations Fees

Airlines bring in more money from bag, reservations fees

U.S. airlines are earning billions, and they are collecting more in fees on checked bags and reservation changes. Whether airlines are making more or less profit than before depends on which figures you use. The Department of Transportation said Monday that airlines collected $3.5 billion in bag fees last year, a …

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Georgian Wine Exports Surges in April

Georgian wine exports surges in April

More Georgian wine is continuing to be exported to foreign countries and enjoyed by people all over the world. Monthly export figures released today revealed more than half a million more bottles of wine was exported in April 2015 compared to March, while this figure was double what was exported …

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