Daily Archives: September 10, 2018

SOCAR Rejects to Continue Dispute against Competition Agency

SOCAR oil company disagrees with the fine imposed by the Competition Agency, but the company has not sued against the decision. SOCAR director general Levan Giorgadze told BM.Ge that the company has already paid the fine and preferred to cease the dispute to avoid taking additional costs. We remind you …

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China’s Richest Man Jack Ma Resigns from Alibaba

Alibaba’s co-founder and executive chairman, Jack Ma, said he planned to step down from the Chinese e-commerce giant on Monday to pursue philanthropy in education, a changing of the guard for the $420 billion internet company. A former English teacher, Ma started Alibaba in 1999 and built it into one …

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Tbilisi City Hall to Spend 80 million GEL on Infrastructural Projects till 2019

Tbilisi City Hall to Cut Administrative Costs by 16 million GEL in 2017

Tbilisi City Hall has launched an implementation of several infrastructural projects simultaneously on Shartava and Saburtalo Streets, Robakidze Avenue, Baratashvili Rise, Kakheti highway, Avchala and Gelovani Avenues. The rehabilitation works have generated traffic jams in the center of the capital city. The first layer of asphalt will be laid till …

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New Customs Code Sets New Form of Declaration

The new customs code enables to carry out customs clearance by inserting data in own records and establish automatic system of declaration in customs clearance field with the aim to cut administrative expenses of a customs filer. The new customs legislation introduces a new form of warranty. The new customs …

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Vineyards’ Income Reached 37 Million GEL

In the frames of Vintage-2018, the past twenty-four hour rate of grapes processing  has reached the peak: 925 viticulturists have delivered grapes  to 50 wine factories, totally, up to  6 thousand tons of grapes have been processed in 24 hours. According to the data of September 08, up to 23 …

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New Tax Code to Abolish Re-exports Commodity Operations

The new tax code will abolish the re-exports commodity operations and re-exports will be considered as a simple commodity operation, Deputy Finance Minister Lasha Khutsishvili said, when introducing the new tax code bill at Poti economic registration zone. Obligation for submitting reexports declaration and payment of a due tariff will …

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Georgian Products Presented at Riga Food Exhibition

 Georgian products are presented at the largest annual exhibition of food industry in Riga, at Riga Food 2018 exhibition. The Georgian corner was organized by the Ministry of Environment Protection and Agriculture of Georgia and the Embassy of Georgia in Latvia within the framework of the program “Promotion of Georgian …

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Georgia-Kazakhstan Business Forum To Take Place in Tbilisi

Georgian Prime Minister Mamuka Bakhtadze and Ambassador Extraordinary and Plenipotentiary of the Republic of Kazakhstan Baurzhan Mukhamejanov announced the Georgia-Kazakhstan Business Forum in Tbilisi. During the meeting, the friendly relations and partnership between Georgia and the Republic of Kazakhstan were emphasized along with the importance of high-level bilateral visits. Emphasis …

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