BDO’s managing partner approves decriminalization of economic crimes, but regards that it is important for the legislation to get closer to developed countries, thus tax evasion and “hidden taxes” must be separated from one another. Zurab Lalazashvili says that there would not be necessity to increase the established limit for …

The volume of commercial gas production in Azerbaijan will reach 40 billion cubic meters per year until 2025, said Nazim Samadzade, first deputy head of the Gas Export Department of Azerbaijan’s state oil company SOCAR. He made the remarks during the conference titled “The 2nd SOCAR International Caspian and Central …

Georgia will sign a new 250 million euros worth agreement with the European Investment Bank (EIB), Sputnik Georgia quoted the country’s Finance Minister Dimitri Kumsishvili as saying. “These funds will be spent on construction of the East-West highway,” Kumsishvili told reporters. The minister noted that EIB doubled the volume of investments …

Business delegation of Moldova led by Vasile Bitka, Minister of Regional Development and Construction of Moldova, will host Georgia. The delegation consists of representatives of 10 Moldavian companies. They plan to establish partnership relations with Georgian business sector. Georgia-Moldova business forum will be held at Radisson BLU Iveria hotel at …

For the last few years, the state has been implementing several important projects in the field of agriculture. In 2017, the budget of the Ministry of Agriculture has decreased compared to previous years. However, there are projects that still continue. One of them is the project of Agro –Insurance. The …

Government has taken a very important decision and extended  preferences for a period of 2 years, Minister of Finance Dimitri Kumsishvili said. “We took the first decision in 2015. As a result, 25 projects were resumed and their total investment value is 130 million GEL. These projects must be finished …

Ukrainian Film Festival “Ukraine in Focus” opening ceremony will be held in the capital of Georgia, Tbilisi. Modern Ukrainian films will be shown at the Cinema “Amirani” (36 Kostava Str.) from April 27 to April 30. Attendance for all guests will be free of charge. Films will be shown in …

The government is preparing for decriminalization of economic crime – the First Vice-Premier presented legislative amendments, noted that the ruling party fulfills pre-election promises. According to the amendments, the margin increases in the direction of tax evasion – from 50 000 GEL to 100 000 GEL. In case of a …

Leaders from the European Union said Tuesday they welcomed Georgia, a former Soviet republic, as the latest member of the European energy community. All 89 members of the Georgian Parliament ratified an agreement Monday to align energy policies with the European Union. “The Energy Community welcomes Georgia’s accession and the …

KaztransGas has taken an unexpected decision and submitted an appeal to Arbitration Court, Minister of Energy Kakha Kaladze said. Government of Georgia has made a lot of statements about returning Kazakh management to the company. Negotiations are continued  and the issue of arbitration court may be taken out of the …

SES announced that its technical reach in Georgia has increased to 455 000 TV homes, which represents a 5% increase compared to last year. SES’s direct reach (DTH) has increased by 21% to 141,000 homes in one year. The SES Satellite Monitor YE2016 results reveal that satellite is by far …

Russian Airline S7 will start operating flights from Novosibirsk to Tbilisi from April 29. Flights will be performed every Saturday by Airbus A320 type aircraft. Russian S7 Airlines performs daily flights from Tbilisi International Airport to Moscow since 2010 and regular flights from Batumi International Airport since 2011.