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Daily Archives: September 8, 2017

Direct Foreign Investment in Georgia Has Decreased

According to preliminary data, the volume of direct foreign investments implemented in Georgia in the second quarter of 2017 is 346.6 million USD, which is 14.3 percent less than the adjusted data for the same quarter of 2016. Direct foreign investments in the first half of the current year amounted …

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The Largest Investor Countries in Georgia

According to preliminary data, the amount of direct foreign investments implemented in Georgia in the second quarter of 2017 is 346.6 million USD, Which is 14.3 percent less than the adjusted data for the II quarter of 2016. According to the statistics office, direct foreign investments carried out in the …

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Winners of First International Competition of Qvevri Wine Revealed

Winners of First International Competition of Qvevri Wine Revealed

During the 4th International Symposium of Qvevri wine, The First International Competition of Qvevri Wine was held at Ikalto Qvevri School-Academy. 150 wines from Georgia, France, Serbia, Slovenia and others countries competed for 22 Gold, 20 Silver and 29 Bronze Medals, which were awarded recently  at Ikalto Monastery Complex. Gold medals were …

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Silknet Issued 34 Million Worth of Bonds

JSC Silknet issued a five-year Bond amount of GEL 34 million in accordance with Georgian Law on Securities Market. The money received from bonds was spent to refinance relevantly to existed bank credit. Bonds were purchased by Georgia based banks. Annual benefit (coupon) of the bonds is variable and makes …

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Fitch Ratings Approved Silknet’s ‘B +’ Credit Rating

Leading international rating company Fitch confirmed Silknet B + credit rating in 2017 as well. The rating was given to company in 2016. ”We are glad that Fitch has confirmed the Silknet credit rating, which was first received about a year ago.We are one of the first companies from non-finance …

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Gov’t Discussing a Possible Ban on Online Gambling

Special commissions are currently working in the parliament and the Ministry of Finance on the introduction of new regulations on gambling. Unlike the Ministry of Finance, the parliamentary group is inclined to make a radical decision of a complete ban on online gambling. Deputy Finance Minister of Georgia Lasha Khutsishvili …

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Ministry of Finance Considered Cooperation Issues With OECD

Ministry of Finance Considered Cooperation Issues With OECD

Dimitri Kumsishvili, the First Vice-Premier and Ministry of Finance met with Bill Thompson, head of Eurasian Region of Organization for Economic Cooperation and Development (OECD), who pays a business trip to Georgia. The sides discussed a broad spectrum of Georgia and OECD partnership at the meeting. Special attention was paid to projects …

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