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Daily Archives: November 30, 2016

How the Banker Evaluates Announced Amendments by the Government

How the Banker Evaluates Announced Amendments by the Government

Banking sector approves government’s step in terms of to insure currency risks. Archil Kontselidze, CEO of VTB Bank declares, that fulfillment of this initiative will be a success. The banker does not expect loans in GEL to be increased in price. In addition, Archil Kontselidze notes, that obligation do not …

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Experts and Cigarette Importers Expect Smuggled Goods to Saturate Market

Irakli Nadareishvili

Experts and cigarette importers expect that smuggled products will flood the market. This is the market rule and increased excise tax will bring clear results, expert Irakli Nadareishvili said. Growth in cigarette excise tax will only deteriorate consumer conditions. As reported, Prime Minister of Georgia has announced growth in tobacco …

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Excises Increase to Result in Higher Prices for Automobiles

Next year, the government will increase excise for automobile import. General Director of the company “Caucasus Auto Import”, Giorgi Supatashvili talks about the topic. Next Year the excise tax will increase and this is important for business. Will it have an influence on your business?  No matter if it is …

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