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Monthly Archives: February 2018

Sinohydro Corporation Limited Releases Statement Regarding Recent Allegations

Sinohydro Corporation Limited has released a statement, regarding recent allegations from Georgian media. “Recently a few articles and news against our company were coming out on different websites and TVs in Georgia. These unjustified and purposeful accusations are lack of supporting investigation and evidence, which have seriously misled the public …

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Shadow Sector’s Ratio in Georgian Economy Exceeds 50%

Mariam Lashkhi

Austria is the world’s second least shadow economy following Switzerland, according to the 2018 IMF report saying that Switzerland has the lowest shadow economy ratio in GDP  (7.2%), while the highest ratio is recorded in Bolivia (62.3%). According to the IMF interpretation, shadow economy is known under various names: hidden …

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Festival Entrepreneurs Space 2018- New Platform for Startupers

Tbilisi will host the festival; ”Entrepreneurs’ Space- 2018” on March 22. The project is being organized by “YES-Georgia- Youth and Entrepreneurial Skills Capacity Building Program” and aims to promote professional growth of young entrepreneurs, to enhance business relationships and to introduce their business to a wide audience. The festival will …

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Ramada Encore Brand Hotel Opens in Tbilisi

Ramada Encor Tbilisi

Ramada Encore brand hotel has opened in Tbilisi. Ramada Encore Tbilisi is the project of m2 Real Estate company. The hotel construction works were financed by International Finance Corporation (IFC). “Investments in Ramada Encore Tbilisi hotel is a good sample of cooperation between the state and private sector, when the …

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First Event of Sardafi at DEPO

Tbilisi DEPO will host the first event of Sardafi on March 2. Sardafi is a Georgian platform aimed at exploring and presenting of Georgian amateur and less-known artists to public. Project preparatory period has completed and Sardafi kicks off representing discovered artists. Nikoloz Kutateladze, Executive Director of Sardafi: ”30 artists …

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Moredash Showroom to Expose Works of Eight Georgian Designers

From February 28 to March 6, with the support of Enterprise Georgia agency of Ministry of Economy and Sustainable Development, Moredash showroom in Paris will expose works of eight Georgian designers. The event, which is held four times a year as part of Paris Fashion week, is one of the …

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Georgian Wine Presentation held in Poland

Presentation of Georgian wine was held in Zakopane and Krakow in Poland cities. According to the Ministry of Environmental Protection and Agriculture of Georgia, presentation was organized by the wine company “Malinova”, in the framework of skiing sports cup, where guests were able to taste different types of Georgian wines. …

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180 Entrepreneurs Get Surplus VAT back under Simpligied System

TAX VAT

A total of 180 entrepreneurs have got back surplus VAT under the simplified system, Minister of Finance Mamuka Bakhtadze noted in his live address on Facebook. This is fourfold more amount than in 20167, he said. “To implement the mentioned reform in 2017, we created important buffers. We want that …

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Unclear Perspectives for Improving Situation on Pharmaceutical Market

Government of Georgia has been long trying to tackle problems on pharmaceutical market, however, these attempts have not brought efficient results yet. Both medications and medical services rise in value stage by stage. Patients often express discontent against doctors too, who prescribe more and more medications. Our citizens and nongovernmental …

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