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Tag Archives: business

Major Business Appraising Their 2018 Performance

The year 2018 has brought positive results for the major businesses sector. Despite the depreciation of the GEL exchange rate, which generated certain problems, the current year turned out very attractive sales numbers, and many other aspects. There were a lot of problems in 2018, but the sector has also …

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Business Sector’s Turnover Hits Record High

The business sector’s turnover in the third quarter of 2018 rose by 17.3% year on year and amounted to 21.8 billion GEL. According to Geostat, National Statistics Service of Georgia, the business sector’s output indicators also grew to 10.7 billion GEL, up 5.6% year on year. Ratio of the major …

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Is it Really so Easy to Start and Run Business in Georgia Today?!

According to the World Bank’s Doing Business report for 2018, Georgia has moved from 16th to 9th place among the countries where doing business is most attractive. There are several components which Georgia have improved since the last year including insolvency and contract enforcement process, tax administration, real estate registration …

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TBC Business Awards 2018 is Back with New Nominations and Prizes

TBC Business Awards in 2018 returns with new nominations and prizes. Together with the four well-known categories, two more new nominations are available: “Female Entrepreneur” and “Business for Positive Influence”. 2018 nominations are: Business of the year Georgian product of the year Tourism business Year’s female entrepreneur Startup Business for …

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Startup Grind: Meet George Arison Who Raised $110MM for Shift

Startup Grind is a global community where people who have founded startups, want to found startups, fund them, want to work for them, or just learn about them gather. Tbilisi hosts one of the chapters and is part of a million-person global community.  Come meet Georgians, expats, and visitors who …

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Business Ombudsman’s First Six Months in Office – What are the challenges of business sector?

Irakli Lekvinadze

Irakli Lekvinadze: “Georgia has positive business environment compared to the countries in our region and international rating companies also recognize this”. Business Ombudsman of Georgia Irakli Lekvinadze has introduced a new web-portal to the private sector representatives. The portal (www.portal.businessombudsman.ge) will assist businessmen in resolving issues for attracting new investments …

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Business Sector Supports Small Government

small government

Mamuka Bakhtadze, the nominee for the Prime Minister position, has introduced a government optimization plan to the parliamentary majority: “The concept of a small government does not imply only a reduction in the number of ministries. This concept also determines the government’s ratio in the GDP and the whole economy. …

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Smart Armenia to Provide Orders for Armenian IT Specialists

Smart Armenia to Provide Orders for Armenian IT Specialists

Business Armenia and Y Republic business club in Moscow initiated Smart Armenia platform, which aims at providing orders for Armenian software developers, web designers, online marketing and other IT specialists. Business Armenia told Banks.am that Smart Armenia has been created in April, 2018 to integrate Armenian IT, media and design specialists in a single …

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Part of Georgian Businessmen Hails Idea of Inviting British Magistrates

Kazakhstan has launched a revolutionary project for effective resolution of commercial disputes. Namely, retired judge  Harry Woolf, one of the distinguished representatives of English system of justice, has been appointed as a senior judge of Commercial Court that was recently established in Kazakhstan. Besides him, 8 other famous British judges …

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