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5 things to know about World Economic Forum in Davos

The world’s elite, from monarchs to CEOs, will don their parkas and converge this week for five days on a snow-covered Swiss mountain town two hours from Zurich to chew over the world’s problems at the 45th World Economic Forum. So how did one man and his small foundation manage …

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GOVERNMENT STARTS DISCUSSIONS OVER BANNING ONLINE GAMBLING GAMES

Current Regulations Contain Risks of Uncontrolled Involvement of Adolescents in Online Gambling Games and Money Laundering Georgia may ban online gambling games. For the last two years the second wave of attack   may be carried out against the gambling business. The first one was initiated by former MP Koba Davitashvili, …

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Greenhouse to be built in western Georgia with Japan’s financial support

A greenhouse will be built in Zugdidi district, Georgia with financial support from the Japanese government, the Japanese embassy in Georgia told Trend Jan. 16. The project cost is $92,622. The relevant agreement was signed by Japanese Ambassador Toshio Kaitani and head of the “Agora” association Tengiz Svanidze. The project …

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Solidarity Fund Grants Award to RAKIA Group for Special Support

The Solidarity Fund of Georgia has handed over an award to RAKIA Group for having popularized the Fund’s activities in 2014 and provided special support in mobilization of resources. Guga Tsanava, a head of RAKIA Group: “Our cooperation with the Georgian Solidarity Fund is very important, because this fund actively …

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Aqua Park to be Built in Mtatsminda

Businessman Temur Tabagari plans to carry out several multi-million dollar  projects. Jointly with Korean and European partners, Temur Tabagari will start construction of a tourist complex worth $  30 million on Iagluja mountain in  about 2 weeks. The complex, which will  include a 200-room hotel, 8 cottages and medical facilities …

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SOCAR Determines Auto Gas Price on the Georgian Market

Georgia-based auto gas networks speak about  SOCAR’s  monopoly on the Georgian  autogas market. Prior to this, only  small filling stations  talked about theabovementioned, but now the Wissol Group representatives say  that they are unable to determine the auto gas price in the country, the reason is the lack of suppliers …

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Mango Leaves Georgian Market

The Spanish retail giant Mango, with its stores located in the center of Tbilisi, is about to exit the Georgian market. According to Novo Group, the brand’s representative in Georgia,  the brand’s head  office has decided to close stores in Georgia  declining  to give any reasons. The  head office declared …

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Private Labs Fear Monopolization by the State

Private laboratories working in the field of quality control of food fear the possibility of monopolization in the sector by the government – in particular, they have  claims to the state laboratories, which are either already working or will start working  in the future. Representatives of the business believe that …

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Foodpanda Offering a Variety of Georgian Dishes

Georgia Comes 4th in Europe’s Best Cuisines Internet publication “Thrillist” put out a list of Europe’s countries with the best cuisines, where Georgia is sitting at fourth place. The trio of leaders is comprised of Italy, France and Spain. According to the publication, Georgia is rich with herbs and spices, …

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DCFTA: Promising Growth — Grant Thornton’s international business report

Author: Nikoloz Akhalaia, analyst at Grant Thornton Georgia In 2014 Georgia signed the long awaited association and trade liberalization agreements with the EU. The agreements provide an opportunity to the decrease trade deficit by increasing export capacity, as well as making Georgia more attractive for potential investors. Because of the …

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