Daily Archives: September 25, 2015

Volkswagen turns to Porsche boss to steer it out of crisis

Volkswagen (VOWG_p.DE) will name Matthias Mueller, the head of its Porsche sports car brand, as its chief executive, a source close to the matter said on Thursday, as the fallout from the U.S. vehicle emissions test rigging scandal broadened. Mueller, 62, has been widely tipped to succeed Martin Winterkorn, who …

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Georgia Faces Argentina at RWC

Argentina faces unbeaten Georgia in their second World Cup Pool C match at Gloucester’s Kingsholm. Georgia, have climbed three places to 13th – two above Italy – in the latest world rankings after respected captain Mamuka Gorgodze inspired his troops to a hard-fought 17-10 victory against Tonga at the same venue. …

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Young Georgian Computer Programmers Awarded top State Prize

Lado Urdulashvili

Georgia’s top state prize has been awarded to two young software programmers for their work to adapt the Revenue Service website for visually impaired individuals. Friends Beka Gozalishvili and Lado Urdulashvili were awarded the Order of Honour at a special ceremony in front of family, friends and officials. The two …

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Georgia ups Gas Import from Azerbaijan

gas import

Georgia’s natural gas imports from Azerbaijan increased by 14.1 percent in January-August 2015, the Georgian National Statistics Service reported. Georgia imported some 967,670 metric tons of natural gas of oil equivalent worth $201.76 million from Azerbaijan, the service’s foreign trade report for the aforementioned period said. In terms of quantity, …

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Cheap Trip to Baku


Thinking about Baku as your next vacation destination? Many budget tourists seem to think that the capital of an oil-producing country is not their cup of tea. However, magnificent Baku can be affordable to anyone that wants to enjoy its hospitability. Traveling to Baku is easy by air, as Azerbaijan …

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New World Bank Report Points To Major Developments In Georgia’s Accounting And Auditing Environment

The World Bank Centre for Financial Reporting Reform (CFRR) launched today an updated assessment of the “health” of corporate reporting systems in Georgia. The officials of the Ministry of Finance, representatives of the National Bank of Georgia, Georgian Federation of Professional Accountants and Auditors, International Federation of Accountants (IFAC), International …

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PMC Research Center was Awarded for the Highest Level of Transparency

PMC Research Center (PMC RC) was recently granted a 5 star transparency award. Center was awarded by Think Tank Fund of the Open Society Foundations for setting the gold standard for the field as a whole, by reflecting exemplary transparency in publicly disclosing sources of funding. From 170 major think tanks …

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White Sails Complex to be Built in Batumi

A new complex White sails worth $ 30 million will  be built in Batumi. According to the government of Adjara, the project is being carried out by Armeridans company. The complex will be located on  120 thousand square meters and will include  two five-star hotels and six apart-hotels as well …

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Number of SOCAR Gas Subscribers in Georgia Increases by over 10%

Gas pipelines with a total length of 1,100 km were built by SOCAR Georgia Gas across the country and 34,000 subscribers were supplied with gas in 2014, the Sputnik Georgia news agency said with reference to the message of the company Sept. 24. The number of SOCAR Georgia Gas subscribers …

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