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Tag Archives: business

Crisis Deepens in Book Business

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Bookstores are closed because of financial problems. Representatives of  several bookstores say that the crisis deepens in the sector over the past 2 years. There is heavy situation in the sector, in general, they said. Mariam Kikacheishvili, head of Books in Vake store, talks about difficult financial situation in the …

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Public Registry Records 5 071 New Business Entities

NAPR

According to National Agency of Public Registry (NAPR), a total of 5 071 business companies were registered in March 2017, including 95% of them are commercial entities (individual entrepreneurs, limited liability companies, branches of foreign companies, joint stock companies and so on). Ratio of noncommercial enterprises made up 4.6%. Month …

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As Easter Arrives – Business Sector Expects Higher Spending

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The Easter is always celebrated with special mood in Georgia. Preparations start several days earlier. People make Easter Cakes symbolizing the Golgotha, the mountain, where the Savior was crucified on Friday. Eggs are colored in red on Friday and this tradition also symbolizes the Savior Crucifixion. The Caucasus Business Week …

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Sigma Technology & Solutions Introduces VESTUS, Georgia’s First Nano-Tech Construction Product

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Sigma Technology & Solutions has introduced VESTUS innovative product. At a special event, the company representatives talked about the product’s importance, its special characteristics and simplicity of  use. Representatives of Ministries, Tbilisi City Hall, diplomatic corp and Georgia-based commerce chambers, banking sector and repair companies, experts and other interested bodies …

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YANDEX Bankrupts Georgian Taxi Market Players

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Taxi service is one of the widespread self-employment sectors in Georgia. There is no precise statistics, but according to specialists, about 50 000 taxi vehicles provide services in the country. A major part of these taxi vehicles are owned by private bodies and their activities are not regulated by state …

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Khazaradze: Doing Business Secretly With Depositors’ Money is Not Right

Khazaradze: Doing Business Secretly With Depositors’ Money is Not Right

Doing business secretly with depositors’ money is not right; – founder of TBC Group declared on the risks caused by participation of banks in the non-core businesses, including interest conflicts with the clients. Mr. Mamuka  Khazaradze says that historically, non-core assets have been always separated from the balance of TBC …

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Business is a Style of Life, Not Job Place

Maia Bibiluri

The Caucasus Business Week (CBW) introduces an interview with Maia Bibiluri, member of Women for Tomorrow association and director of BTL Georgia. The company operates in business tourism field, covers several directions  (Business Travel & MICE) and is one of the major, successful and reliable companies on the market. BTL …

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Economy, Business and Marijuana

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Interview with Temur Chkonia It is not interesting to talk about my business in the New Year period, Georgian businessman Temur Chkonia said. «Nobody is interested in these details. They have much more problems», he said and  appraised the current situation in the country instead. My activities are related to …

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Overview of Business Sector in 2016

Gamers At DreamHack Digital Festival

Georgia ranked 16th  among 190 countries in the 2016 Doing Business rating. The country has advanced by 7 places. However, success of companies depends on the existing economic situation in the country. There is no evident answers on how successful the year of 2016 was for companies in various segments. …

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Fees Will be Increased to Gambling Business from January 1

Fees Will be Increased to Gambling Business from January 1

Fees will be increased to gambling business from January 1. The government based on the analysis of previous years’ revenues, forecasts budgetary increase by 20 million for local governance units. The fee will be set from 20 000 GEL to 40 000 GEL in quarter for each casino table by …

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