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Daily Archives: November 25, 2015

123 Projects Financed Within Produce in Georgia Program, Says PM

In total 123 projects have already been financed within the framework of Produce in Georgia state program – Prime Minister Irakli Garibashvili said at the opening of the high-tech pharmaceutical factory Ynnovas. According to Garibashvili, 350 million Lari have been invested in development of the Georgian industry within the framework …

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What is the Cost of the Conflict between Russia and Turkey?

What is the Cost of the Conflict between Russia and Turkey?

Loss of Russian bombers on the Syrian-Turkish border poses a threat to the extensive trade and economic relations between Russia and Turkey. RBC wanted to understand what is at stake. Destruction of a Russian bomber by the Turkish Air Force on Tuesday that Putin called “stab in the back of …

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Tobacco Companies may Stop Investing if Excise Tax Increases

Tobacco Companies may Stop Investing if Excise Tax Increases

The draft law  was discussed at the government session and the new excise rates were established. The project envisages an increase in excise tax rate on tobacco and alcohol from January 1, 2016. Government officials report that the draft law aims to tighten tobacco control measures, approximation to the EU legislation …

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FINCA Bank Announces Special Offer on Micro Loans

FINCA Bank announces its special offer on micro-loans in Georgia. Annual rate starting from 13,95% (effective – from 15,57%) with the loan amount defined at 2 500 GEL; loans will be issued without bail. According to the Bank, the loan will be issued within an hour and without checking with legal …

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IMF and Georgia Agree on 2016 Economic Policy

IMFIMF

The Mission of the International Monetary Fund was on its two-day working visit to Georgia. During the visit, the IMF Mission and Georgian Government agreed on the basic parameters of the economic policy for 2016. Head of the IMF Mission Mark Griffiths told reporters that very productive meetings and negotiations were …

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Arab Company RAKIA is Selling Part of its Assets in Georgia — Colliers

Arab company RAKIA, one of the largest investors in Georgia, is selling part of its assets in Georgia, particularly its real estate. Rakia’s corporate interests are represented by COLLIERS INTERNATIONAL Georgia, which offers extensive services in asset management for commercial real estate and properties. RAKIA is selling nine assets in …

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Alta+Okay: Georgia’s Two Large Technology Companies Merged

altaokay

Two large technology companies on the Georgian market, ALTA and OK have merged, Marketer.ge reports. The companies representatives say that by taking this decision, their costumers will have access to greater options and affordable prices. Renovation of the Alta and OK existing stores will start in December 2015 and finish …

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Georgia will Have its First Online Real Estate Auction Soon

The first Real Estate Internet auction is underway in Georgia, the project is carried out by the local company 2×2. The Internet Auction will serve not only brokers but also individuals interested in selling and acquiring Real Estate property in Georgia, The Company’s founder Mikheil Kvetenadze told CBW. According to …

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