Dealers importing Japanese cars say that buyers who have already purchased the cars, demand en masse the return of the paid amount for vehicles. The reason is a possible ban on the registration of right-hand drive vehicles from March 2016. According to the head of the japancars.ge company Mari Gabidauri, after …

TeliaSonera, the owner of Geocell, confirms asset- sale talks with Turkcell. However, the letter sent to CBW by the Swedish companyreads  that talks are under way with other companiesand a final decision has not been made. Last month Bloomberg reported that Turkcell intended to gain control of Fintur, which runs mobile businesses …

The Kazakh side sells part of its assets in Georgia – in particular, the Batumi oil terminal and a network of filling stations Rompetrol – Urimzak Shukeyev, Chairman of the National Welfare Fund, states. According to him, KazTransGas intends to sell non-core assets in Kazakhstan and Georgia. Batumi Oil Terminal is …

The representatives of business, government and expert community will discuss the prospects of gambling for the year 2016 and learn about the latest products from software and equipment developers g3congress.ge. Georgia Gaming Congress has managed to establish itself as the biggest event for the representatives of the gambling industry in …

GWP issued 6,000 bonds with nominal value of GEL 1,000 each. Placement agents and underwriters are PASHA Bank Georgia and Galt & Taggart. The bonds have a 2-year tenor with quarterly coupon payments. Coupons are referenced on National Bank of Georgia refinancing rate and carry a margin of 7.5% over …

The volume of foreign direct investments has made up 489 million USD in Q3, 2015. The decline totals to 33% y-o-y. However, the volume of foreign direct investments has made 726 million USD in Q3, 2014. The total volume of direct foreign investments through 3 quarters in 2015 has amounted …

International Monetary Fund (IMF) is concerned about the fiscal risks of Georgia. The issue is considered in the statement disseminated by the Fund.  The Fund regards, that such risks should be managed carefully. “Fiscal risks from government guarantees—including those to backstop power-purchase agreements to encourage hydropower investment—should be managed carefully to …

Construction of new stadium has started in Zugdidi. According to Samegrelo – Zemo Svaneti Administration, the new stadium is designed in line with the UEFA Standard Stadium of the 3rd Category and for 7 233 spectators. The stadium will have a stadium will have a spare field, which is for …

Direct foreign investment of  173 million USD has been made from neighboring countries in Georgia, which is 35% of the total investments. Major share of investments are related to the  works carried on expending of Baku – Tbilisi – Erzurum gas pipeline, which is a part of the second phase …

Human Rights Day is marked annually on 10 December to commemorate the day in 1948 when the United Nations adopted the Universal Declaration of Human Rights. A milestone document in the history of human rights, it sets out, for the first time, fundamental human rights to be universally protected. What …

Winter is coming! No kidding, it is really approaching. One of the most important things you should know about winter in our country is the fact that it boasts with great mountain resorts, where you can practice skiing and snowboarding, relax, get rid of stress and feel adrenaline rush, enjoy …

Liberty Bank and ProCredit Bank have concluded an agreement on cooperation at the ProCredit Bank head office. Under the agreement, both banks have set the so-called Host to Host communication. As part of this project, plastic card owners will be able to withdraw cash from Liberty Bank and ProCredit Bank …