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Tag Archives: business

Russian Central Banks to Save Struggling Companies

According to Bloomberg Moscow has restricted Western imports in retaliation for the sanctions, and a weaker ruble has made foreign goods more expensive. That should have created opportunities for Russian companies by boosting demand for their products at home. considering high domestic interest rates and the lack of access to …

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Government’s New Regulation for Business

Amid belt-tightening,  the Georgian government is increasing  spending not for  social projects   but for the  introduction of  a new regulation for  business, namely  electronic marking system for  non-alcoholic beverages. The authorities want this obligation, the business has been struggling  with for almost 5 years, to come into effect  in the …

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PMCG: Business Sector Increased by 11.9%

According to PMCG, In the first quarter of 2015, the production in business sector increased by 11.9%. In comparison with the first quarter of 2014. In this period the average monthly remuneration of employed individuals increased by 72.6 GEL and the number of employees in the business sector increased by …

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Flood Influence on Georgian Economy

The June 13 Tbilisi flood has left incurable wound on the heart of Georgian citizens. We have lost lives of our compatriots, many families remain unsheltered, motorways and infrastructure have been demolished, animals have been drowned. Besides these losses, the flood has inflicted significant economic and environmental damage to our …

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Russian Businessman buys Parma FC for 5 million euros

Parma made it to the UEFA Europa League Last season. However, the club could not obtain the a UEFA license due to its poor financial state and hence could not play in the League. President of the Club Tommaso Ghirardi decided then and there that he would sell the club …

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