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Monthly Archives: May 2018

Import and Manufacturing of Electric Buses May be Exempt from VAT

Import and Manufacturing of Electric Buses May be Exempt from VAT

Electric cars and minibuses may be exempt from the added value tax. Tbilisi City Hall appeals to the Parliament with the draft project to exempt import and manufacturing of this type of transport from VAT. The issue is already agreed with the Finance Minister. The Mayor of Tbilisi, Kakha Kaladze …

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New Regulation on Real Estate Valuation

New Regulation on Real Estate Valuation

A new regulation regarding real estate valuation will come into force on 1 June. The decree on Real Estate Valuation Instructions for Commercial Banks was approved by the President of the National Bank of Georgia on 14 May. The project, which was initiated in January 2017, involved commercial banks, representatives from international …

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#Becauseisayso Raising Awareness of Hypertension

In connection with the International Day of Hypertension, the French pharmaceutical company ‘Servier’ organized a press conference in Georgia as part of the global social project “Talk about the Pressure.” Director of the Georgian pharmaceutical company ‘Servier,’ Maia Khetsuriani; the Ambassador Extraordinary and Plenipotentiary of France to Georgia, Pascal Meunier; …

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Twenty-two Slovak Investors to Arrive in Georgia

On May 25 a business conference will be held in Tbilisi and 22 Slovak investors will attend it to meet with hundreds of Georgian businessmen. At the conference Georgian and Slovak parties will negotiate various investment projects. “Georgia is an interesting country for Slovak investors and their arrival is important …

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Entrepreneurial Market to be held on Rustaveli Avenue

This year, on May 26, Georgia celebrates 100 years of Independent Georgia. To celebrate this important day, together with other events, entrepreneur market will be held on Rustaveli Avenue , from 11:00 to 20:00, organized by the Ministry of Economy and Sustainable Development of Georgia “Produce in Georgia” aimed at …

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Enterprise Georgia Project May Embrace New Component

“Mikheil Khidureli, new director of Enterprise Georgia project says that the ongoing projects are very successful and they will be maintained. At the same time, they may be refurbished and new components may be also added to the project. We will also identify directions with more potential and we will …

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Tochinoshin Defeats Sumo Legend Hakuho

Georgian Sumo wrestler Tochinoshin Tsuyoshi, defeated Mongolian 40-time champion and absolute record holder Hakuhō Shō. Tochinoshin had to beat Hakuho in 25 matchups. Tochinoshin remained at the top of the heap with an unbeaten record on Wednesday, the 11th day of the Summer Grand Sumo Tournament. Tochinoshin, who is gunning for a second makuuchi division championship and …

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