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Daily Archives: November 14, 2016

Japanese Businessmen Interested in Poti Industrial Zone

JETRO

Last week, the delegation of Japan External Trade Organization (JETRO) was visiting Georgia with the invitation from the Georgian National Investment Agency. The Japanese delegation members met with Georgian government officials and private sector representatives. Additionally, JETRO representatives were received by Georgian vice Prime Minister and Minister of Economy and …

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Finka Bank Completed Third Q with Profit

The profit of “Finka Bank Georgia” amounted to 103.736 GEL in the 3rd Q of 2016, which is 7.8 times less than the profit it had in September, last year. By the end of September 2015, a real bank profit amounted to 810.597 GEL. The whole amount of bank assets …

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iQOS will be Sold on American Market Next Year

The biggest tobacco producer company Philip Morris encourages its customers to quit smoking. The company created a tool which will be safer for health. According to Bloomberg, cigarette producer companies refuse using old traditional methods regarding the decreasing of tobacco consumers; therefore “Philip Morris” introduced a new innovative product at …

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EBRD: Government should Cut Expenses or Set New Taxes

Government of Georgia should either cut expenses or introduce new taxes to replenish expected budget deficit in 2017, Bruno Balvanera, the EBRD director in South Caucasus, Moldova and Belarus, told eugeorgia.info. Government plans to remove profits tax to incentivize inflow of investments. At the same time, alternative sources of revenues …

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Azerbaijan to Host Next GUAM Customs Reps Meeting

The 26th meeting of the Trade and Transport Facilitation (TTF) Project Steering Committee of the GUAM Organization for Democracy and Economic Development will be held in Azerbaijan, the country’s State Customs Committee said in a message Nov. 11. The decision was made during the 25th meeting of the committee in …

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TeamLab Georgia for Students To Take Place

The EU-Eastern Partnership Culture and Creativity Programme and the Ministry of Culture and Monument Protection of Georgia are pleased to announce the call for the cross-disciplinary business development workshop TeamLAB GEORGIA to be held in Tbilisi on December 10, 2016 in the framework of Creative Georgia Forum. The project will …

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Azerbaijan-Turkey-Georgia Business Forum due in Istanbul

The fifth Azerbaijan-Turkey-Georgia trilateral business forum will be organized in Istanbul on November 16. Turkey is one of Azerbaijan`s largest trade and investment partners as it invested $10.1 billion in the country`s economy, including $2.6 billion in the non-oil sector, Azertac reported. Azerbaijan invested $7.9 billion in the Turkish economy. …

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The Project “Safe city, safe region, safe country” Started

According to the new project of Ministry of Internal Affairs, smart cameras will be installed in certain places in Tbilisi. Minister, Giorgi Mgebrishvili claims that this initiative will prevent crimes and will be helpful to act as fast as possible in order to investigate the crime and provide enough proof. …

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New Istanbul Airport is set to Open in 2018: Erdoğan

New Istanbul Airport is set to Open in 2018: Erdoğan

The first section of Istanbul’s third airport is planned to open in 2018, President Recep Tayyip Erdoğan said, underlining the economic importance of the government-backed construction projects.  “The construction of our new airport which will be the biggest in the World is going at full speed. We are going to …

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