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Economy

Kakha Bendukidze: Iran is less Dangerous than Russia

An interview with the adviser to the Government of Ukraine Kakha Bendukidze You once said that it would be very difficult to carry out  reforms in Ukraine, as systemic corruption is the main problem the country faces. What do you think about this now?  Now I think the same. Ukraine faces a …

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Electricity Prices could Rise

If the state wants to improve the situation in the country , tariffs definitely should be  increased, – said General Director of the regional electricity distribution company “Energo-Pro Georgia” Nikolay Nikolov after the presentation of the new electricity tariff calculation methodology developed by the company. According to Nikolov, a new methodology is transparent …

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Gov’t Toughens its Tone towards “Tav Georgia”

A very unbalanced agreement was signed with Tav Georgia due to which the company did not fulfill many obligations. Minister of Economy and Sustainable Development  George Kvirikashvili told “Commersant”. “So, we made a decision to change the format of the contract and get an agreement  under which the company will  pay more attention to …

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Flour Milling Plant Outraged by a Delay in the Launch of Competition Agency

As reported, the head of the newly created Competition Agency George Barabadze told “Commersant” that he didn’t see  features of existence of monopolies in Georgia. In response, President  of the Grain Growers Association of Georgia  Levan Silagava told “Commersant”  that the words of the head of the service were immoral, but expressed hope that the …

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Azeri Media Predicts a Boom of Azerbaijani Tourists in Georgia

In addition to Ukrainian tourists, Georgia actively attracts guests from Azerbaijan. The  Azeri edition haqqin.az writes, Azerbaijani tourists prefer to go abroad refusing the  local resorts. Unlike previous years, this tourist season Azerbaijani citizens massively come to rest traditionally not only in Turkey, but also in Georgia. In recent years, Georgia has …

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Finance Minister: Economic Activity Grew by 13%

An interview with Finance Minister Nodar Khaduri In April, the economic growth amounted to 2,7%, which in your opinion was associated with decreased activity of casinos. Can you confirm this opinion?  In May, the economy grew by 6,3% – 6,5%, economic activity grew by 13%, including in construction by 31%. …

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Electricity Price can Rise in Georgia in the Autumn

In the autumn, electricity price may change in Georgia – “Business Rezonansi” newspaper writes. The grounds for such assumptions gives the fact that the company “Energo Pro – Georgia”, which provides electricity generation and distribution to regions of the country, has made a request to change the tariff to the Energy …

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Grain Growers Waiting for Incentives from Gov’t

After the abolition of privileges for importers, grain growers  have already carried out first purchases. However, purchases are not finished yet and it’s unclear how the abolition of privileges will affect the final outcome. Companies  with annual turnover of more than GEL 200 thousand were able to postpone the VAT payment. However, …

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