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Daily Archives: June 14, 2017

AmCham: Removal of Article 94 from Basic Law is Bad Message for Investors

Removal of article 94 from the basic law, which bans a growth in taxes without referendum, will send bad massage to international investors, because business needs stability and article 94 guarantees this stability, Michael Cowgill, head of American Chamber of Commerce in Georgia, noted. “First of all, business needs guarantees …

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AmCham Criticizes Restrictions on Land Sales to Foreign Citizens

American Chamber of Commerce has expressed extremely negative position regarding the announced restrictions of land sales to foreign citizens, AmCham head Michael Cowgill told Business Course. “We have many members, who own lands fully or partly, and therefore, they will suspend their investment projects. Agriculture sector has huge potential in …

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