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Tag Archives: georgia

Three Days of Protest For our Freedom: IN PICTURES

Thousands of people gathered in front of the Georgian parliament building in Tbilisi on May 12 to protest an overnight antidrug raid by police on two popular nightclubs in the capital. The raids drew criticism for what some called an excessive use of police force against clubgoers. Gakharia met with …

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Top Five Least Known Georgian Cheeses

Georgia has ancient culture of producing delicious cheese dating back 8,000 years. We have chosen the top-five least known types of cheese. Dambalkhacho Dambalkhacho is a unique Georgian type of cheese. The tradition of making Dambalkhacho is spread around the mountainous regions of the country. Today it is made in …

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Reuters: Georgia May Hike 2018 Growth Forecast, Plans Eurobond Refinancing

Georgia may increase its gross domestic product (GDP) growth forecast for this year, currently at 4.5 percent, as rising exports and inflows of foreign investment help support the economy, the country’s finance minister told Reuters. Georgia is recovering from a decline in exports and steep devaluations in the currencies of …

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Government Introduces New Fundamental Tax Initiatives

The Premier: Georgian Companies may be Allowed to Participate in Tenders in Afghanistan

Government of Georgia has introduced new fundamental tax initiatives. Three new legislative initiates will oxygenate the business sector, especially small entrepreneurs, Prime Minster Giorgi Kvirikashvili said. “Ministry of Finance has submitted very important initiatives, which are to decrease taxation burden 5 times for small entrepreneurs. In reality, this was an …

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Our Goal is To Receive BBB Investment Rating As Soon As Possible: PM

The Prime Minister of Georgia, Giorgi Kvirikshvili, responded to the improvement of Georgia’s credit rating from Ba3 to Ba2, rating published by the international rating company Moody’s. Kvirikashvili pointed out that the goal of the government is to improve this rating quickly, which will put the country on a new …

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Georgia Initiates “Step toward a Better Future” Program

The Georgia authorities are taking concrete steps under the reconciliation and engagement policy, which seek to improve the humanitarian, social, and economic conditions of the populations in the Regions of Abkhazia and Tskhinvali, and to encourage contacts, movement, and relations based on mutual interests along and across the administrative boundary …

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Georgian Beer Company to Issue GEL-denominated Bonds

In the third quarter of 2018 we will issue GEL-denominated bonds, Georgian Beer Company director Kakhaber Kotrikadze said. This fact will enliven the market, Kotrikadze added. “Georgian companies should come up with European level companies in terms of market organization and production”, Kakhaber Kotrikadze noted. The company plans to intensify …

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Heidelberg on the Way to Ejecting Competitors and Monopolizing Market

HeidelbergCement Georgia is a major cement manufacturing company in Georgia, which owns 3 cement integrated plants, 13 concrete plants, 2 inert materials aggregates, 1 cement terminal and 1 cement-grinding plant. According to spread information, previously, the company was owned by businessman David Bezhuashvili, but he sold 50% stake to Co-Investment …

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EU, UNDP Help Link Business Development with Legislative Openness

Up to 60 representatives of business companies met members of the Georgian Parliament on 2 April 2018 to discuss how legislative openness affects business environment and offer some practical suggestions for Georgia’s third, 2018-2019 Open Parliament Action Plan. The meeting was organized by the Permanent Parliamentary Council on Open and …

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