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Daily Archives: July 13, 2017

Ministry of Finance to Create Gambling Business Policy

Ministry of Finance created Gambling Business Policy. Department does not have a leader on this stage. ”The functions of the Department will be to prepare legislative initiatives and to protect customer functions.” As for the tax administration, it is being implemented by the Revenue Service and will continue in the …

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Yandex and Uber to Merge in the Region

Yandex Taxi and Uber are merging in the region of Russia. Target countries are:Azerbaijan, Armenia, Belarus, Georgia and Kazakhstan. According to Russian media, Russian taxi company and Uber will found a new company. According to Russian media, Russian taxi company and Uber will be founded by a new company for …

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Georgia Harnesses International Expertise in Disaster Management

A district in Tbilisi washed away by a flash flood in June 2014. Photo: David Khizanishvili/UNDP Effective assessment of loss and damage caused by natural disasters was discussed at a workshop on July 11, 2017, organized by the State Security and Crisis Management Council of Georgia with assistance from the …

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EIB Will Activate Financing of Private Sector in Georgia

EIB Will Activate Financing of Private Sector in Georgia

Georgian Prime Minister Giorgi Kvirikashvili and Vazil Hudak, Vice President of European Investment Bank (EIB) talked about the ongoing projects funded by EIB in Georgia and the four-point plan of government reforms at the meeting held in Batumi. According to the Government Administration, the focus has been made on macroeconomic …

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Tbilisi to Host Dolma-2017 Festival-Contest

On July 16 Tbilisi will host Tolma-2017 festival-contest. The event is organized by Shushaniki, association of Armenian women of Georgia and Armenian See in Georgia. The information was spread by the 1tv.ge. According to the event organizers, objective of the contest is to popularize Armenian culture, including the national cuisine, …

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”Georgia Airway” Complains About Uneven Operations on the Market

”Airline that will satisfy the declared conditions will benefit the same terms as Wizz Air”- says the Head Of the Department of Transportation of Civil Aviation Agency with ”Business Course” in response of ”Georgian Airway” accusations. ”Georgian Airways” has complaints to ”Wizz Air” after having one towards Turkish and Russian …

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Treepex to Offer Innovative Technology Service To the Global World

Borjomi national park is one of the largest park in Europe, which has top grade ecological significance. In August 2008 wildfire hits Borjomi forest and 250 ha has been completely burnt. CBW had an interview CEO and Co-founder of Treepex,Bacho Khachidze who shares experience about the project which restored 34 …

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Georgia’s Foreign Trade Turnover Rose in January-June

In January-June 2017 Georgia’s foreign trade turnover (excluding undeclared trade) constituted 4829.9 million USD, up 13.8% as compared to the same period of 2016. According to Geostat, national statistics service of Georgia, exports constituted 1249.5 million USD (up 31.8%), while imports marked 3580.3 million USD, up 8.6%. Negative trade balance …

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