Home / Economy

Economy

Georgia Formally Ratifies EU Energy Treaty

eu-energy

Leaders from the European Union said Tuesday they welcomed Georgia, a former Soviet republic, as the latest member of the European energy community. All 89 members of the Georgian Parliament ratified an agreement Monday to align energy policies with the European Union. “The Energy Community welcomes Georgia’s accession and the …

Read More »

Minister of Energy: KaztransGas has Taken Unexpected Decision

kakha-kaladze-energy

KaztransGas has taken an unexpected decision and submitted an appeal to Arbitration Court, Minister of Energy Kakha Kaladze said. Government of Georgia has made a lot of statements about returning Kazakh management to the company. Negotiations are continued  and the issue of arbitration court may be taken out of the …

Read More »

Hungary and Georgia Build Economic Cooperation

Hungary

Hungary’s Eximbank has opened a pool of 90 million USD to provide loans aimed at promoting further ties, PM Orbán said. Prime Minister Viktor Orbán has said that the good relations between Hungary and Georgia should be used to promote economic cooperation. PM Orbán made the remarks following talks with …

Read More »

Excise Tax Structure Changes on Alcoholic Beverages

gettyimages-113218958-8006a414-7135-4cf0-8d47-02a5d8541fcf

Excise tax structure will be revised in compliance with requirements of Georgia-EU association agreement, Minister of Finance Dimitri Kumsishvili said. “We have comprehensively discussed this issue. Taxation of beer and alcoholic beverages is very important. In this way we will harmonize our legislation with EU standards and consequently, we will …

Read More »

Economic Freedom (Act): Do We Need It or Not?

economic freedom

The so-called “Economic Freedom Act” (EFA), which has been a matter of public discussion in recent weeks, refers to two pieces of legislation: A Constitutional amendment from 2010, which requires a referendum for introducing new taxes or increasing the tax rate (i) , and (ii) the Law on Economic Freedom …

Read More »

Voyager Ltd. On Board as Gulf Air GSA in Georgia

1Voyager Ltd. On Board as Gulf Air GSA in Georgia

Gulf Air, the Kingdom of Bahrain’s national carrier, has appointed Voyager Ltd as its General Sales Agent (GSA) in Georgia to represent the airline and sell Gulf Air services and products on its behalf. With direct flights between Bahrain International Airport and Shota Rustaveli Tbilisi International Airport starting from 22nd …

Read More »

Iranian Investors Start Exploring HPP Construction Potential in Georgia

svanetiya3-15

Iranian investors are exploring potential of constructing hydro power plants in Georgia, Deputy Energy Minister Mariam Valishvili told Business Course. “Representatives of several Iranian companies have arrived in Georgia to explore the market potential, ongoing projects. There is no specific agreement achieved. This is only a working process and we …

Read More »