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Monthly Archives: October 2016

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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Azerbaijan’s PASHA Bank Reveals Profit Forecast for 2016

Azerbaijan’s PASHA Bank OJSC expects profit in the amount of 40 million manats on the results of 2016, said Chairman of the bank’s Executive Board Taleh Kazimov Oct. 18 at a press conference in Baku. Kazimov noted that the bank’s profit amounted to 24.4 million manats in 1H2016, which is …

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German Deutsche Bahn to Launch Cargo Transit via Georgian Corridor

DeutscheBahn

Deutsche Bahn will launch cargo transit via Georgian corridor. The first test train of 41 containers will pass South-West route in late November, the Trend.az news portal reports based on meeting between representatives of Georgian and Azerbaijani railway companies and Deutsche Bahn executive director. The train will be off from Romania, …

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Georgian Plans for Western-style Waste Management Look Iffy

In its new municipal waste management strategy passed in April, Georgia set ambitious targets for its recycling and waste treatment. Having inherited a Soviet legacy of non-sanitary dumping sites, this small Caucasian country is now seeking to align its waste management practices – as well as its overall legislation – with …

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What Georgia should Expect from Membership in European Energy Community

energy

Last week Sarajevo, the capital city of Bosnia-Herzogovina hosted a ministerial of European Energy Community member countries. At the Ministerial, Minister of Energy of Georgia Ilia Eloshvili signed a protocol on Georgia’s engagement in the Energy Community foundation agreement. Engagement protocol comprises several EU instructions and regulations which Georgia becomes …

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Stronger Collaboration For Greater Energy Access in Asia Pacific

shamshad-akhtar

The emergence of new ideas, technological advancements and innovative market-driven financing solutions has lent confidence to the idea that universal access to energy services is attainable. This is particularly good news in the Asia and the Pacific region, where, despite making significant contributions to global growth and poverty reduction since …

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Erroneous Panics around GEL

lari

It is Fraudulent Statement as if GEL Depreciation Brings Negative Outcomes and Appreciation Yields Positive Results Currency Exchange Rate Must Be Stable. The last period has actualized the GEL exchange rate issue again. The Georgian national currency rate against USD has not changed considerably, but our society has demonstrated certain …

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