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Daily Archives: October 1, 2014

Georgian Companies not Rushing to Enter European Market

Association Agreement with the European Union could Increase Product Prices

Georgian companies are preparing to enter the European market. After the enactment of the Deep and Comprehensive Free Trade Agreement with the EU, the Georgian business plans to enjoy benefits envisaged in the agreement. However, local companies need time, additional financial resources and investment to  prepare for the entry into the …

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Ministry of Economy: Monopoly is not a Crime

What can we expect from the Competition Agency’s activity? What are the mechanisms for identifying monopolies? For many years, the Competition Agency has operated  in the same structure with  a Public Procurement  Agency, but now it has transformed into an independent service. Previously, the Agency had no real rights in the fight against monopolies, …

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“Kakhetian Traditional Winemaking” Prefer Chinese Market to European

“The Chinese market is potentially more interesting for us than the European,” – Director of “Kakhetian  traditional winemaking” Zurab Chkhaidze told “Commersant”. According to him, the company has been exporting its products to the Chinese market for four years and sales are growing  by about 30% every  year.  At this stage “Kakhetian traditional winemaking” …

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Interest on Mortgages Reduced in Georgia

In Georgia, there is a tendency for interest rates on mortgage loans to reduce, but in spite of this, according to the World Bank, the country’s interest on a mortgage is the highest in the region, not to mention developed countries – in Georgia, the interest on the mortgage starts from 9%, while in Europe – an average …

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