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Daily Archives: May 25, 2018

Tbilisi City Hall Finances Vocational Studies for 700 Students

Tbilisi City Hall is financing vocational trainings for 700 students. More than 1400 residents of the capital city have passed registration, including bodies from socially vulnerable families and groups. According to Tbilisi City Hall, students are being trained in three directions. They will be specialized in three colleges for tourism, …

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GDPR Comes Into Force From Today

The European General Data Protection Regulation (GDPR), which aims to safeguard the digital data of Europeans, entered into force today. The regulation applies to all companies on a global scale, including Georgia. When you woke up this morning, you may have noticed that your email inbox has been flooded with …

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Seedstars Tbilisi 2018 Jury Announced

On May 29 the 10 best startups from Tbilisi will be invited to pitch in front of an investment panel and compete to be crowned the most promising seed-stage startup of Seedstars Tbilisi 2018 in Tech Park. The winning startup will join the global Seedstars Family and take part in …

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Countries where Georgian Citizens Prefer to Spend Holidays

In summer 2018, a majority of Georgia citizens plan to spend holidays in Greece, Portugal and France. Travel companies assert that prices to European countries have not risen and the previous prices are maintained. This signifies that price of tours due to day and hotel classifications stay around 1000 GEL. …

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Gvinis Kurdebi Wines Go to Paris and California

Gvinis Kurdebi Georgian wine brand has entered foreign markets. “We pay less attention to domestic market. This year we have selected France and the USA as target markets. Gvinis Kurdebi wines are sold in Paris and California. We plan to increase exports in several thousands of bottles”, Gvinis Kurdebi founder …

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Smart Armenia to Provide Orders for Armenian IT Specialists

Smart Armenia to Provide Orders for Armenian IT Specialists

Business Armenia and Y Republic business club in Moscow initiated Smart Armenia platform, which aims at providing orders for Armenian software developers, web designers, online marketing and other IT specialists. Business Armenia told Banks.am that Smart Armenia has been created in April, 2018 to integrate Armenian IT, media and design specialists in a single …

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Eclipse Casino to Open in Batumi

Eclipse Casino to Open in Batumi

A source close to Commersant says that a famous luxurious casino brand Eclipse enters Batumi. For several weeks banners have been placed in Batumi and Tbilisi streets with the inscription: Eclipse is coming. Eclipse spokesperson says  that the  new casino will be located next to Euphoria Batumi hotel  and its …

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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

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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