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Tag Archives: business

Inevitability Of Punishment

Doing business by unwritten rules, experiencing it as a service to family or friends with lacking business planning is a very common phenomenon in Georgia which too often results in conflict, including the case of a foreign investor and entrepreneur and his local partner. Inevitability of punishment is, in my …

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Part of the Basic Means’ Import Will Exempt From VAT

Part of the Basic Means’ Import Will Exempt From VAT

Ministry of Cabinet will approve the list of industrial means, which import will exempt the importers from VAT, if these basic means are used during VAT taxable operation – Georgian Prime Minister has talked about the amendments, which should be made to the TAX Code, before launch of the government …

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Spanish Jamón Ham to Be Produced in Georgia

The Partnership Fund and Native Georgian company have concluded a memorandum on mutual understanding. Under the memorandum, production of Jamon, the world’s famous brand, will start in Georgia. Jamon is a pork made of special breed of Spanish black pig. This product is made only in Spain and Portugal and …

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Armenia’s Economic Activity Index Shows Record Decline

Armenia's Economic Activity Index Shows Record Decline

Armenia’s economic activity index decreased by 4.7 percent in July 2016 compared to the same period of 2015. This is a record figure, Aysor.am reported citing Haykakan Zhamanak newspaper. A decline in the country’s economic activity has not been observed yet in 2016, according to the newspaper. Just two weeks ago, Armenia’s …

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CBW Blog: Doing Business By Unwritten Rules

Georgia, Tbilisi

Dr. Andrei Maximov Successful reforms, great institutional environment for business, large-scale support by the state—all these are real starting points that foreigners experience in Georgia. Yet, if all of that is so rosy, where are the hordes of happy investors from all around the world? Why do so many leave …

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Ajara Budget Collects 7.3 million GEL from Gambling Business

Ajara Budget Collects 7.3 million GEL from Gambling Business

The Ajara budget has collected 7.3 million GEL from gambling business, namely, from the casinos located in the Autonomous Republic of Ajara. The Batumi budget has received 16.2 million GEL in the form of gambling business duty from 11 casinos. This is 81% of total revenues that the Batumi budget …

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“Startup Market” New Space Conception for Business Startups

"Startup Market" New Space Conception for Business Startups

Startup Market is a new and different space conception for business startups. Especially for this project, startuppers from various industries create a new product, which is sold at a special price in the moving shopping space of “Startup Market”. The steering group member talked with Marketer about  the objectives of …

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