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Monthly Archives: June 2018

Government to Fund Honey Processing Plant Construction in Gori

A honey processing plant will be built in Gori with the financial support of Government. The plant will manufacture homogeneous honey and export product to foreign markets. “We will try to maximally apply exports potential”, Levan Davitashvili said at the first meeting of Honey Consultants’ Committee, which was held by …

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PM: We will Apply Blockchain Technologies in Tax Administration

“All taxes, excluding VAT, will be based on BlockChain technology”, Prime Minister Mamuka Bakhtadze told the Parliament. The country has made progress in terms of introduction of innovative technologies in tax administration, however, the country comes behind such countries which efficiently apply digital technology in economy. “We should be oriented …

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Azerbaijan Invested $51m in Georgia’s Economy in Q1 of 2018

Azerbaijan invested $51 million in Georgia`s economy in the first quarter of this year, becoming its second largest investor, according to the Georgian media. With $82.7 million investment, the UK is Georgia`s largest investor, while China is third with $41.6 million. The total volume of the investment made in Georgia`s …

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Quantity of Real Estate Registration Transactions Grows

According to official information from National Agency for Pubic Registry (NAPR), in May 2018 the number of real estate registration transactions rose 10.5% year on year and constituted 77 954 units all over Georgia. The month of May has recorded evident growth compared to the same month in 2014-2017 years: …

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Film director Turned Winemaker: Giga Agladze’s Wines Presented at Reserve

 George (Giga) Agladze, the maker of AG Alco wines, explained the rich cultural background backing his brand at a presentation held yesterday at Reserve, Tbilisi’s trend-setting wine tasting shop. George Agladze is a professional movie director who turned winemaker to continue his family’s ancient wine-making tradition which dates back to 1798. His …

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Business Sector Supports Small Government

small government

Mamuka Bakhtadze, the nominee for the Prime Minister position, has introduced a government optimization plan to the parliamentary majority: “The concept of a small government does not imply only a reduction in the number of ministries. This concept also determines the government’s ratio in the GDP and the whole economy. …

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Turkey’s Erdogan Wins Re-election As President

Recep Tayyip Erdogan

Turkey’s long-standing leader Recep Tayyip Erdogan has won a new five-year term after securing outright victory in the first round of a presidential poll. Election authority chief Sadi Guven said the president “received the absolute majority of all valid votes”. State media reports put Mr Erdogan on 53% with 99% …

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