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Daily Archives: November 20, 2017

Ministry of Finance to Introduce Automatic System for VAT Repayment

Ministry of Finance to Introduce Automatic System for VAT Repayment

Minister of Finance Mamuka Bakhtadze plans to introduce an automatic system of VAT repayment. Businessmen should receive excessive VAT back in 5-7 days after submission of an electronic application, he noted. “This signifies that our businessmen will mobilize about 500mln GEL in addition”, Mamuka Bakhtadze said. Zurab Lalazashvili, BDO managing …

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Georgian Wine Wins Gold Award in Poland

Georgian Wine Wins Gold Award in Poland

Twenty Georgian winemaking companies have participated in EnoExpo 2017 international exhibition in Krakow, Poland. Natalia Topchishvili, advisor to Georgian Ambassador to Poland and representatives of National Wine Agency of Georgia attended the event. The following wine-making companies have participated in the exhibition with the support of National Wine Agency: Giuaani, …

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External Trade of Georgia Rises in Value

Economy Ministry Predicts Export Growth

In January-October 2017 external merchandise trade (excluding non-declared trade) in Georgia amounted to USD 8566.1 million, 12.7 percent higher year-on-year. The exports equaled USD 2203.1 million (29.4 percent higher), while the imports stood at USD 6363.0 million (7.8 percent higher). The negative trade balance was USD 4160.0 million in January-October …

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Longest Tunnel Unveiled in Georgia

Excavation Completed for the Longest Tunnel in Georgia

Very important news for Georgia’s railroad infrastructure-excavation for the longest tunnel in Georgia (almost 8.5 km) is finalized. Kvishkheti-Zvare Tunnel, is part of the modernization project of the Tbilisi-Makhinjauri Mainline. According to the Head of Government, the implementation of this project is vital for the development of the country’s infrastructure …

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EBRD Conference to Mull over Anaklia Seaport and Anaklia City Projects

Anaklia Seaport and Anaklia City projects will be discussed at Outlook on Georgia 2017 conference in London, which is organized by EBRD. The conference will be jointly hosted by EBRD and Emerging Europe. The event is dedicated to Georgia’s economic development issues. Objective of the conference is to overview Georgia’s …

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Property Development – Georgia’s Most Rapidly Growing Sector

Georgia’s property development sector is growing at high paces over the past years. In 2008-2009 financial crisis broke out in the world, which inflicted serious damage to the development sector. We should note that over the past 9 years this field has overcome many obstacles and at this stage, it …

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What is Happening in the Development Business of Georgia?

Investors Find Georgia’s Development sector Very Attractive Over the past period, scales of construction works are evidently growing in Georgia, especially in Tbilisi. Foreign investors find Georgian development market more and more attractive. Today, various development projects are being implemented in Tbilisi districts. Besides the central part of the capital …

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Software Asset Management – Microsoft’s Answer to Cyberthreats

Laurent Signoret

How secured are intellectual property rights in Georgia nowadays? Laurent Signoret, Central and Eastern Europe SAM & Compliance Director at Microsoft answers our questions.  Development of new technologies, implementation of new services and solutions in business management, significant increase of information environment in which modern society work, requires from public and …

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Children Need Healthy Internet Environment

Georgia has self-regulated Internet space, free of censorship and restrictions. The country has viable cyber security level with a high level of freedom of speech and expression, intellectual property and copyrights are protected. The Internet space policy is designed for stimulation of development and democratic initiatives. However, it should be …

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