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Trump Tower Architect not to Launch New Projects in Georgia

Trump Tower  architect says  at this stage the prospect of launching a new project in Georgia  is very small. John Fotiadis planned to come in Georgia in the spring of the current year to start new projects. However, in a letter  sent to “Commersant” Fotiadis writes that  his  company’s representative …

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Interview with a business consulting firm MBConś founder Lasha Antadze

MBConś is a Georgia-based market research and business consultancy firm, with offices operating in Tbilisi and Batumi. The company assists its clients with evaluating the local market for a business endeavor to be successful in Georgia. MBConś is the official member of Georgian Farmers Association and a partner of Agricultural Project …

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Book Prices Rose in Georgia

With the start of 2015 b0ok prices in the country have increased significantly. As suggested by publishers and book store owners in Georgia, the national currency’s devaluation is the main culprit behind the drastic price hike. Marian Tsamalashvili, representative of the publishing house Biblus, notes that prices for old books …

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MFO’s Plan to Hike Loan Interest Rates by 2-3%

MFO’s do not rule out the increase in interest rates due to the lari’s depreciation. Malkhaz Dzadzua, Director General of the MFO Crystal, says when the national currency against the dollar depreciates, the company is forced either  to increase interest rates or restrict  loans issued in the lari. Crystal did …

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Hayatt Hotel Chain Enters Georgia

The international hotel chain Hayatt finally enters Georgia. Several years ago, the company made an  attempt to enter the Georgian market, but these plans have been postponed, now the network intends to take the  existing facilities under its  management. In particular, at this stage, we are talking about a 5-star …

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Temur Chkonia: The Tax System in Georgia is Communistic

An interview with Temur Chkonia, the founder  of “Coca-Cola – Bottlers Georgia” How do you assess the work of the tax system in the country? Whether the reproaches about frequent cases of business inspections are grounded? The problem is not in the frequency of inspections. When the state says it …

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Competition Agency to Conduct Autogas Market Inquiry

The Competition Agency is studying  the current situation in the  autogas market.  The market survey has launched  by order of the Agency’s Chairman dated  February 6, 2015 on the basis of the fact of the alleged violation on the auto gas market. The Agency is required to study whether cartel …

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MP from the Ruling Party against the Recommendations of the IMF

An interview with Georgian MP, businessman Gogi Topadze During a recent visit, the delegation of the International Monetary Fund recommended the Government of Georgia to cut budget spending and raise taxes. Do you share that view? The International Monetary Fund has brought nothing  good to any country. After the IMF …

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