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Daily Archives: August 11, 2014

New Details of Offshore Industry Zones in Georgia

According to the initiator of the relevant law, the MP Kakha Okriashvili, offshore industry zones will be calculated only for those types of businesses which don’t function in the country – such as the production of consumer electronics products, precious stones grinding, etc. “While all this is at the level …

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94% of Population of Georgia Enjoy Banking Services

An interview with a research director at “TNS” representation  in the South Caucasus George Abramishvili What are the results of your research? How highis demand for banking services in Georgia?  A study conducted in 7 major cities of Georgia showed that nearly 74% of the population directly enjoy banking services – which means  basic banking services  such as invoices, credit cards, …

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Why a Boycott of Russian Products Failed in Georgia?

In Georgia, import of Russian products is growing  in spite of the political tensions between the two countries – respectively, a recently launched campaign to boycott Russian products has failed. The situation is different in the Ukraine, where in some regions  the sales volume of Russian products fell by 40%. “Do not …

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“Kazantip” President Requests a Meeting with the Clergy

Organizers of the project have not divulged information about sponsors of the “Kazantip”festival. According to President of the Republic ofKazantip  Nikita Marshunok, the negotiations are still going on. Media reports, the company “Sno” was considered an exclusive supporter of the project though the company did not confirm the  spread information. According to  “Sno”,  the company has not conducted negotiations with  “Kazantip“ organizers and is not participating in the project. Another company that was considered as a …

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“TAV Georgia” to Build a New Runway in Tbilisi Airport under a New Agreement

According to the new agreement, a new runway at the Tbilisi International  airport will be built by “TAV Georgia” and the term of the contract with “TAV” will not be extended. “Commersant” was told by  the Deputy Minister of Economy and Sustainable Development Dimitri Kumsishvili. In his words, the company will assume the duties that will benefit our country. The new runway, according to …

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