Importers of tobacco products speak about the lack of communication with the government, particularly in terms of excise tax hikes. According to Director of “JTI- Caucasus” Ivane Kashia, an increase of excise duty by more than 0.10 GEL can cause a hike in price of cigarettes. “The increase in excise …
Read More »Daily Archives: October 16, 2014
“East Gate Group” – The Current Government Get Involved in Regulations
An interview with Director of “East Gate Group” Irakli Iashvili President of the International Chamber of Commerce Fadi Asli said that businessmen didnot trust the tax authorities. Do you agree with this statement? I do not know on what grounds he says so. Today, the business is not under pressure, …
Read More »“Rezonansi”: The Unprecedented Chaos Reigns on Georgian Oil Market
After July, oil prices, and consequently, fuel prices decreased by almost 25%, while in Georgia petroleum products fell only by 2.5% – this means that chaos reigns on the Georgian oil market that has never occurred before – “Rezonansi” newspaper writes. A long and steady decline in oil prices has long …
Read More »European Investment Bank to Open a Regional Office in Georgia
The European Investment Bank (EIB) will open a regional office in Georgia.The European Investment Bank (EIB) Vice-President Wilhelm Molterer stated at a meeting with the Minister of Finance of Georgia which was held in the frames of his visit to Washington. As he noted, it is very important that the …
Read More »“East Gate Group” – The Current Government Get Involved in Regulations
An interview with Director of “East Gate Group” Irakli Iashvili President of the International Chamber of Commerce Fadi Asli said that businessmen didnot trust the tax authorities. Do you agree with this statement? I do not know on what grounds he says so. Today, the business is not under pressure, …
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