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Daily Archives: April 7, 2016

Can a Car be a Family Heirlom?

Can a Car be a Family Heirlom?

Crafted almost entirely of wood and assembled using traditional Japanese joinery techniques, Toyota’s exquisite Setsuna concept is designed to improve with age. In an industry that honours planned obsolescence, the Toyota Setsuna — a concept car built largely of wood — stands out like a sequoia in a forest of dwarf …

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Currency Reserves Grow

Currency reserves have increased. As of April 1, 2016, currency reserves made up 2.457 billion USD (2.426 billion USD as of March 1, 2016). Reserve assets include currency reserves of 2.249 billion USD and special drawing rights (SDR). Georgia’s reserve position at the IMF makes up 14 100 USD.

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Tbilisi to Host Cannes Lions Qualifying Competition on April

Tbilisi to Host Cannes Lions Qualifying Competition on April

For the first time in Georgia the Cannes Lions International Festival of Creativity will held qualifying competition. Tbilisi will host an unprecedented event on April 9th. The Innovation and Technology Agency of the Ministry of Economy and Sustainable Development of Georgia as constructed the High Technology and Innovation Development Center – the Technology …

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SOCAR Interested in Acquiring Gas Station Network in Turkey

SOCAR Interested in Acquiring Gas Station Network in Turkey

Azerbaijan’s state energy company SOCAR is interested in purchasing assets of the gas station network belonging to the Austrian energy company OMV in Turkey as a part of the company’s investment strategy. SOCAR’s interest in acquisition of gas station in Turkey is associated with the launch of the Star Refinery …

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Increase in the Number of Registered Entities in Doing Business

Increase in the Number of Registered Entities in Doing Business

The number of registered entities in doing business increased by 16% in March. In March 2016, the number of registered entities in terms of doing business amounted 4 909 units. This information was provided by the National Agency of Public Registry. According to the official data, 95.1% accounts for business entities, …

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Ukraine Demands Tariff Reduction on the Rout of New Silk Road

Ukraine Demands Tariff Reduction on the Rout of New Silk Road

Ukrainian Railway demands tariff reduction on railway shipments on the rout of New Silk Road and it is engaged in the active negotiations by that purpose, – Ukrainian Railways freight and logistics director Ivan Pedorko declares. Test container train, which was comprised of 20 carriages were sent to China in …

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Huawei P9 Uses Leica Dual-lens Camera Tech to Refocus

Huawei has unveiled an Android smartphone that uses dual-camera technology to let owners refocus photos after they have been taken. The feature is the result of a collaboration between the Chinese tech firm and German camera-maker Leica. It means the P9 can create shallow depth-of-field shots more commonly associated with larger …

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What is Exports Potential of Georgian Lemonade?

What is Exports Potential of Georgian Lemonade?

Natakhtari company exports 80% of its products to Azerbaijan, Russia, Armenia and Kazakhstan. Georgia has reached certain progress in penetrating and diversifying new exports markets. The company has also expanded the list of products that are exported to foreign markets, including to Europe. For many years Georgian wines and mineral …

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Extra Regulations Needed for Political Advertising in Georgia

Extra Regulations Needed for Political Advertising in Georgia

According to the Georgian legislation, when broadcasting a political/pre-election advertisement no later than 60 days before elections, television shall follow the requirements enshrined in the Election code of Georgia and Code of Conduct of Broadcasters. The purpose of this regulation is to ensure equal access to advertising for political parties …

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