Daily Archives: September 21, 2015

Coca-Cola May Owe $3.3 Billion in Taxes

Coca-Cola argues that IRS is trying to “increase substantially the amount of tax” Coca-Cola said Friday that the Internal Revenue Service (IRS) has notified them that the company may owe $3.3 billion in federal income taxes after an audit. The SEC filing, which can be found here, states that the …

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Business Reduced Products Stocks by 30%

Georgian importers reduced the amount of the available stocks of goods in warehouses by  30% – it also concerns food products. Importers say about a possible rise in price of products, but cannot specify how much the prices will increase. Businessmen also fear that a decline in inventories may lead …

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Finance Minister: Government and NBG are Actively Cooperating

Finance MInister nodar_khaduri

Georgian Finance Minister Nodar Khaduri believes  that refinance loans issued by the National Bank do not have a negative impact on the exchange rate of the lari. According to him, in general, purely macro-economic factors that contribute to devaluation of the national currency are exhausted, and in the coming days …

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Cherie to Release a New Line of Coffee

Georgian coffee company Cherie plans to release  soluble coffee. They say in the company that  demand exists  mainly on cheap coffee. According to the company’s Director Irakli Lomtatidze, the company has been working in the cheap  segment  since the beginning of the year  and it  turned out that cheap coffee …

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List of Top Ten Most Expensive Watches In The World

In this article, we will talk about top 10 most expensive watches in the world. We all know that time is the numerous important thing in life. Everyone in this world has limited time. Since ancient times, people were fascinating with the passing of time. They used different tools to see …

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Georgia’s Exports Reach $1,459m in Eight Months of 2015

In January-August of 2015 external merchandise trade (excluding non-organized trade) in Georgia amounted to USD 6395 million, 14 percent decreased year-on-year. The exports equaled USD 1459 million (24 percent lower), while the imports stood at USD 4937 million (10 percent lower). The negative trade balance was USD 3478 million in …

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German Tourists Rescued in Georgia

german tourists georgia

Georgian rescuers have helped a group of German tourists in the area of ​​Mount Ushba, where one of them was injured. The foreigners called the 112 center and reported that one of them couldn’t move independently due to serious foot injuries. Seven rescuers and a duty detail of border guards …

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A Fate of the Multi-million Project in the Center of Tbilisi is Uncertain


The issue of  the “Intercontinental” hotel project implementation in the former Agricultural  Ministry building is still unclear. “Georgian Property” has been going to build a 5-star hotel in the building for years asking to postpone investment commitments due to the suspension of the project for a few years because of …

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All the Winners From the 2015 Emmy Awards

emmy winners

The 67th Primetime Emmy Awards are taking place on Sunday in Los Angeles with Andy Samberg as its host. Below are the winners of the awards that are being presented during the telecast. Drama Series “Better Call Saul” “Downton Abbey” “Game of Thrones” ***WINNER “Homeland” “House of Cards” “Mad Men” …

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Georgian Judokas Crowned European Champion

Georgian judo fans are celebrating after the nation’s junior judokas won five medals at a top European tournament. Georgia’s Beka Gviniashvili (90kg) and Guram Tushishvili (+100) received gold medals and were crowned European champions in their respective categories at the Junior Judo European Championships in Oberwart, Austria yesterday on the …

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Chinese Market is Very Attractive for Georgian Wine

Vazha Beridze chinese market

The perspectives for Georgia’s relations with China are of vital importance. Georgia-China trade-economic relations are being efficiently developed. These relations are based on mutually beneficial interests. Therefore, we are able to suppose, including in the context of this visit that the Georgia-China relations may turn into a strategic partnership in …

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Lukoil is Russia’s Biggest Private Company – Forbes


Russian oil major Lukoil has topped a list of the country’s 200 largest private companies compiled by the Russian edition of Forbes magazine. In the mid-2000s Lukoil was Russia’s biggest oil producer, it’s now second to Rosneft. Lukoil is first among the world’s private oil and gas companies in terms …

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