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Daily Archives: January 17, 2017

TBC Bank Appoints New Chief Risk Officer David Chkonia

David Chkonia which has 15 years of experience in the risk management will occupy the post depute of risk management director and general director in TBC. Before David Chkonia joined TBC group, he possessed the post of “BlackRock”( “BlackRock Solutions Group”), where he consulted financial institutions and regulators concerning entrepreneurship …

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Auto Importers Support Further Regulations

According to the bill of amendments to Tax Code, excise tax increased on automobile imports starting January 1, 2017. The decision is part of government plan for strengthening national currency exchange rate and mobilizing additional financial resources to state budget. Starting January 1, 2017, imports of automobiles manufactured after 2003 …

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Economy, Business and Marijuana

Interview with Temur Chkonia It is not interesting to talk about my business in the New Year period, Georgian businessman Temur Chkonia said. «Nobody is interested in these details. They have much more problems», he said and  appraised the current situation in the country instead. My activities are related to …

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Egyptian Investors to Launch Machinery Filters Production in Kutaisi

Hualing Free Industrial Zone

Egyptian investors plan to launch production of machinery filters in Kutaisi, Imereti Region. The new plant will function in Hualing free industrial zone. THE FIZ director Soso Nibladze noted that the plant will launch production in March 2017. Before, special machinery will be installed there. Egyptian investors plan to put …

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Chateau Dio To Export Wine Abroad

Georgian Prime Minister Giorgi Kvirikashvili visited the Chateau Dio family-run inn, a recipient of a 10,000 GEL grant under the Produce in Georgia program, in the village of Dzirageuli, Ambrolauri District. The inn is owned by the Dio partnership that uses said grant amount to develop a family-run wine-making business. …

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