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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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Secrete Scheme of Vano Chkhartishvili’s Cigarette Business

According to the Kviris Palitra newspaper, tobacco business uses a secrete scheme to sell filtered cigarettes as unfiltered cigarettes and to hide tens of millions of GEL from the state budget every year. „On January 1, 2017 the price of cigarettes in Georgia rose for the 5th time over the …

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Business Sector Regains 333 million GEL Surplus Tax

As of October 2018, the business sector got back 333 million GEL surplus taxes. According to Ministry of Finance, as a result of revised procedures, the business gets back surplus tax without obstacles. As to introduction of automatized return system, according to the official answer to the Business Morning program, …

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The European Fund is Absent from Criticism of the Board Chairman David Lee

The European Fund “categorically dissociates” from the Chairman of the Supervisory Board of the Foundation David Lee’s recent statements about NGOs. According to the foundation, the statements made by Lee on social networks “attack the civil society organizations and their activities.” “Freedom of expression of each person is one of …

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Georgia-Germany Business and Cooperation Forum

On October 9 the German city of Frankfurt is hosting Georgia-Germany Business and Cooperation Forum, which was organized by Government of Georgia, German Federal Ministry for Economic Cooperation and Development and UN Industrial Development Organization (UNIDO) as part of the Frankfurt Book Fair. The business forum was unveiled by a …

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Co-Investment Fund Invests 21 million USD in Sighnaghi – Photo

A four-star hotel will be built in Sighnaghi as part of the Tourism Development Foundation of Co-Investment Fund. The hotel with 130 suites will combine spa and fitness centres, indoor and outdoor swimming pools, wine cellar, wine bar, top-class restaurant, lounge bar with 360-degree views and large conference hall. The …

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TBC to Appeal to the Court for Damaged Business Reputation

Vakhtang Butskhrikidze, General Director of TBC Bank, said at the press briefing on the allegations of Omega Group founder Zaza Okuashvili that the bank is going to appeal to the court for damaged reputation. “We collect documents and those who are required to be brought to court,” Vakhtang Butskhrikidze said. …

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Young Beekeper from Tsaishi Continues Beekeeping Tradition

Shako Karchava is 22 year old entrepreneur, the student is from the village of Tsaishi in Zugdidi. Young entrepreneur wanted to continue beekeeping traditions of the ancestors and to turn it into business. “I wanted to continue the tradition of ancestors. My decision is related to the involvement of young …

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HUAWEI Mate20 Lite Arrives in Georgia

This is a cutting-edge smartphone with Four Al cameras. Georgian consumers have not to wait any more, as the latest model of HUAWEI Mate has already arrived in Georgia and it is attinable to everybody. This smartphone is a new word in the business world. Presentation of HUAWEI Mate 10 …

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