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Daily Archives: February 12, 2016

Kaladze to Meet Rouhani’s Vice President in Tehran

Georgia-Iran Chamber of Commerce and Industry held a conference dedicated to the problematic  issues in the trade and economic  relations between Iran and Georgia on Thursday 12th February  . During the conference which was held in Marriott Tbilisi, The meeting of Georgia’s Vice Premier and Energy Minister Kakha Kaladze with  Rouhani’s …

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TBC Bank signs three agreements with the Asian Development Bank

TBC Bank signs three agreements with the Asian Development Bank

TBC Bank announces the signing of three agreements with the Asian Development Bank (ADB). As a result, the Bank received a 10-year subordinated loan in the amount of USD 50 million, which is the first such agreement between TBC Bank and ADB. This transaction will further strengthen TBC Bank’s tier …

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WB: Azerbaijan needs efficiency of public spending

WB: Azerbaijan needs efficiency of public spending

Low oil prices and pressure on the national currency require the private sector of Azerbaijan to overtake the government as the key job creator and driver of the economy. To make further inroads in developing the economy, Azerbaijan needs jobs, especially those created by a private sector. The government is …

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Developing Agriculture to Minimize Import Dependence

Developing Agriculture to Minimize Import Dependence

Azerbaijan is underlying agricultural products exports with ever increasing importance, and agriculture development is one of top priority sections in the State Program on 2014 2018 Socio-Economic Development. Recent changes in the political relations between many countries in the region, especially those neighboring Azerbaijan, greatly affected the economic ties as …

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Youth Enjoy New Entrepreneurship Opportunities

Youth Enjoy New Entrepreneurship Opportunities

Azerbaijan is exploring new ways to tackle the economic difficulties and all new ideas are welcome. Youth Inc. Business Incubation Center is a youth entrepreneurship program proposed by the youth of the nation to the president of the Republic of Azerbaijan Ilham Aliyev during the meeting dedicated to the 20th …

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Georgia may issue Eurobonds in 2016: PM

Georgia may issue Eurobonds in 2016 - PM

Georgia may issue Eurobonds in 2016 and is eyeing additional financial resources from international institutions to cope with an economic slowdown triggered by problems in neighbouring countries, the prime minister has said. Georgy Kvirikashvili said his government would conduct a series of roadshows in the United States and elsewhere to …

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Corporate Income Tax Reform Reduces tax Revenues

The Georgian Finance Ministry said that it will have to cut about GEL 400 million from 2016 state budget as planned corporate income tax reform will reduce tax revenues this year. According to the proposal, which the government says is based on the Estonian model, corporate income tax (a regular rate …

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Lukoil Cuts the Fuel Price

Oil importer and distributor company “Lukoil” has lowered the prices on fuel since today’s morning. According to the company, the prices were reduced by 5 tetri on all categories of fuel. Therefore, resulting in the current pump price per liter to be: Euro Super 1.69 Premium Avangard 1.59 Euro Premium 0.00 Euro …

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Azerbaijan Demonstrates Transit Potential in Tbilisi

Baku-Tbilisi-Kars

Azerbaijan, a historical transit center of the Eurasian continent located at the crossroads of Europe and Asia, will demonstrate its transit potential in Tbilisi on February 12. The managers of railways of Azerbaijan, Georgia and Turkey will assemble in Tbilisi to discuss the construction of the Baku-Tbilisi-Kars railway, and adopt …

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“Laurus” Plans the Production of 200 tons of Bay Leaves and its Export

Bay leaf

“Laurus”refinery enterprise of bay leaves established in Senaki plans the production of 200 tons of bay leaves and its export to international market. Zaza Jalaghonia, the founder of the enterprise says, that the bay leaf is one of the most demanded product in the international market. Accordingly, their future goal is the expansion …

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