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Daily Archives: April 26, 2017

Hungary and Georgia Build Economic Cooperation


Hungary’s Eximbank has opened a pool of 90 million USD to provide loans aimed at promoting further ties, PM Orbán said. Prime Minister Viktor Orbán has said that the good relations between Hungary and Georgia should be used to promote economic cooperation. PM Orbán made the remarks following talks with …

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Excise Tax Structure Changes on Alcoholic Beverages

Excise tax structure will be revised in compliance with requirements of Georgia-EU association agreement, Minister of Finance Dimitri Kumsishvili said. “We have comprehensively discussed this issue. Taxation of beer and alcoholic beverages is very important. In this way we will harmonize our legislation with EU standards and consequently, we will …

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Economic Freedom (Act): Do We Need It or Not?

economic freedom

The so-called “Economic Freedom Act” (EFA), which has been a matter of public discussion in recent weeks, refers to two pieces of legislation: A Constitutional amendment from 2010, which requires a referendum for introducing new taxes or increasing the tax rate (i) , and (ii) the Law on Economic Freedom …

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