Home / Tag Archives: georgia (page 3)

Tag Archives: georgia

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

Updated Google Maps Includes Georgian Language

Google Maps learns 39 new languages, including Georgian. “Fourteen years ago, Google Maps looked a lot different, and it was only in English. Fast forward to today, and now more than 1 billion people use Google Maps to discover new places, find the best driving, biking, and walking routes, and …

Read More »

Fitch Improves Procredit Bank Georgia’s Outlook

Fitch Improves Procredit Bank Georgia's Outlook

Fitch Ratings imporved Procredit Bank Georgia’s outlook. The Rating Agency revised Procredit Bank Georgia’s Outlook to Positive from Stable. The revision of the Outlook to Positive follows the revision of the Outlook on Georgia’s sovereign rating to Positive from Stable. The affirmation of PCBG’s ‘BB’ Long-Term IDRs at one notch …

Read More »