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FLYHELP won over 1,500 Airlines and Compensated 1 million GEL

The company FlyHelp won 1,500 cases in one year and the sum received in compensation amounted to 1 000 000 GEL. Head of Bm.ge Company Misha Chanturia told about it. Head of the company Misha Chanturia said: “This is the amount received from foreign airlines in Georgia, not even one …

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Pension System Enforcement will Increase Expenses in Business Sector?

The pension system reform will be enforced in Georgia starting 2019. Employers, employees and the Government will pay equal deposits to the Pension Fund simultaneously. Namely, employees will pay 2% of the salaries to the Pension Fund. Employers and the Government will also pay 2% each to the employee’s pension …

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Cigarettes Exports from Georgia Rise by 465%

In January-September 2018 exports of cigarettes, cigars and cigarillos constituted 100.461 million USD, which is 4.1% of Georgia’s total exports. According to the early report by Geostat, national statistics service of Georgia, as compared to the same period of 2017, cigarette exports from Georgia has increased by 465%. Namely, in …

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Georgia Named Among Successful Countries for Regus

“As a representative of Regus, I am proud that based on last year’s results, Georgia has been named among successful countries for the company,” states Ruska Chakvetadze, the Georgian branch manager of the British firm Regus.  Regus currently has two branches in Georgia. The company opened its first A-class business centre on Freedom …

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We should Better Use Potential of Georgian Embassies for Attracting Investments

Georgia should employ the potential of its embassies abroad to draw more investments to the country, Nona Mamulashvili, president of Georgia-Swiss Business Association, told BM.Ge when appraising the institute of commercial attaches. The president of Georgia-Swiss Business Association thinks that the potential of Georgian embassies should be used more effectively …

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Regional Innovations Center to be Build in Kaspi

Regional Innovations Center will be build in Kaspi. According to the tender announced by the Municipal Development Fund, the estimated cost of procurement is 2 156 093 GEL. The project is funded by the European Investment Bank (EIB).  

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Financial Institutions Receive 4 610.9 million GEL Incomes

A total of 2379 financial entities were operating in 2017 and their declared incomes made up 4610.9 million GEL. According to Geostat, national statistics service of Georgia, the bulk of these incomes (74%) comprises interest and related yields, 10.4% comprises commission fees and the remaining 15.6% came from other incomes. …

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