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Daily Archives: October 24, 2016

AS Group Investment Received A Special Architectural Award 2016

The fifth edition of the international architecture festival, “2016 Architectural Award”, took place at the Radisson Blu Iveria hotel in Tbilisi. International development holding company AS Group Investment received a special award at the aforementioned event for implementing Dirsi – the largest development project in Georgia. The construction of the …

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The number of Tourists in Achara Increased by 11,34%

According to the 8 months statistics in 2016, the number of tourists in Achara rose by 11,34%, which amounted 227,342 tourists in the region.  The statistics are based on the information that has been revealed by Tourism Department in Achara. The amount of visitors has increased as well. According to …

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In Marlboro Country, a Big-Money Race for the New Smoke

You want a trip to Philip Morris International Inc. to feel like a visit to Marlboro Country. But the company’s Swiss research center, aka the Cube, just won’t play along. Perched above crystalline Lake Neuchatel, southwest of Zurich, the glass hexahedron holds secrets to a future when, Philip Morris says, …

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Passenger Turnover at Airports Rise by 103% Compared to 2012

“Our government’s correct policy,  as well as joint tireless efforts by private and state sectors have increased passenger turnover at airports”, Minister of Economy Dimitri Kumsishvili noted after presentation at Tbilisi International Airport. At the presentation, Ketevan Aleksidze, head of United Airports of Georgia, introduced a report on January to …

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Tax Reform will Decrease the Income and Increase the Deficit

International Monetary Fund is expecting 3,4 % economic growth during the current year, however next year, they predict  5,2%.  Monetary Fund in Georgia will have 2,6% inflation this year and 3,6 % inflation next year. GDP is expected to have 12,1 % deficit in 2016 and 12% next year. As …

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ElmavalMshenebeli Introduces 8E1A Locomotive Design

TEMQ

JSC ElmavalMshenebeli company has introduced a design of 8E1A cargo locomotive with asynchronous engine and direct current. In this project, besides JSC ElmavalMshenebeli, Czech Skoda Electric is a main contractor. The companies have achieved agreement and approved technical task for building the locomotive. Currently, the design has been entirely finished …

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Baku-Tbilisi-Kars Railway to Bring Turkey Billions of Dollars

Ahmet Arslan

The Baku-Tbilisi-Kars (BTK) railway, along with other railway projects under construction, will bring annual revenue of billions of US dollars to Turkey’s logistics sector, Turkish Minister of Transport, Shipping and Communications Ahmet Arslan said in an exclusive interview with Trend. Arslan said with the BTK’s help, the Marmaray tunnel under …

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Georgia Supports Opening of Special Session for Syrian Human Rights

With Georgia elected as a member of the UN Human Rights Council, it used the honor to support the opening of the twenty-fifth Special Session. The opening addressed the degenerating issue of the human rights in Syria as a result of the ongoing civil war.  Tragically starting in March 2011, the savage …

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Whether Or Not Trucks Should Pay Taxes in Georgia

The center of Transportation Corridor spread information and some ideas about whether or not trucks have to pay the taxes in Georgia and what is the European experience about it. In the Transportation center, they consider that Georgia has to take approved method from Europe about Taxation system of the …

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ProCredit Bank Georgia Notifies Clients about Wooden Box Cancellation

ProCredit Bank Georgia Notifies Clients about Wooden Box Cancellation

ProCredit Bank Georgia has notified clients that starting November 1 the money transfer box of Wooden Box will be canceled. For international and domestic transfers, the bank clients will use faster and simpler internet banking services. Commission fee for Internet banking service is 1.5 EUR for physical bodies and 5 EUR …

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