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Daily Archives: March 14, 2018

TBC Bank’s Market Capitalization Grows to 1.367 billion GBP


Price of TBC Bank shares (TBCB LI) at London Stock Exchange made up 18.4 GBP in the last week’s trading session. The price rose by 13.58% week on week, while month on month growth constituted 16.6%. According to Galt&Taggart, deals were made on more than 235 000 shares and averaged …

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Small Business to Pay 1% Turnover Tax on Taxable Income

Starting July 1, 2018 small business companies will pay 1% of total incomes (turnover tax), instead of today’s 5% tax. The smoothed tax regulations will refer to about 120 000 physical entrepreneurs and they will enjoy the status of a small entrepreneur. Small business will maintain the opportunity for keeping …

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Korean Air to Operate at Tbilisi International Airport

Korean Air starts to operate at Tbilisi International Airport – stated Tea Zakaradze, Deputy General Manager of TAV Georgia. According to her, it’s a new direction for Georgian market, Korean Air will initially perform charter flights only.  ”Korean Air starts operating with two tourist charter flights, although having negotiations with …

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Aqua Energy Georgia to Build Hydro Power Plant at Tbilisi Sea

A hydro power plant (HPP) will be built at Tbilisi Sea. The project has been put forward by LLC Aqua Energy Georgia. The company has already applied to Tbilisi City Hall for a building permit, but the city hall has readdressed the company to Ministry of Economy, because the design …

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EBRD: No Financial Aid will Be Allocated to Rustavi Azot

EBRD regional director Bruno Balvanera says that no financial aid will be allocated to Rustavi Azot. “We were discussing the issue of financing Rustavi Azot. However, taking into account the earlier prices of fertilizers, we have decided not to prolong financial aid. We have no plans to provide further support …

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