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Tag Archives: AYFB

Tobacco Law Mismatches 36 EU Directives out of 39 Ones

Last week the parliament’s health committee took decision on revision of Tobacco Law. The issue is of the clause, under which smoking is banned along the whole perimeter of clinics and educational facilities. Under the current regulations, smoking is banned on the territory of clinics and universities and it sets …

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Impact of Russian Foreign Policy on the Conflict of South China Sea

Megi Qavtaradze

Conflict in South China Sea is an example as to how confrontation that commenced at the regional level became a global problem and the “hot point” for global problem and confrontation for big and powerful states. In 2014-2015, conflict between China and Vietnam made apparent the significance of the region, …

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AYFB: Developments around RMG Gold Give Negative Signal to Investors

Association of Young Financiers and Businessmen (AYFB) expresses confusion regarding the recent developments around RMG Gold. Namely, 13 political parties demand for abolishing auction for 16 hectare land nearby LLC RGM Gold in the village of Didi Dmanisi. According to representatives of these political parties, this is an illegal auction …

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Gambling Business in Georgia Reminds of Wet Market

gambling

Gambling business is one of the most profitable sectors, but it also comprises serious threats for ordinary citizens. Specialists assert that gambling business is growing at high paces in Georgia. In pursue of technological progress, this sector penetrates new and new social circles and various geographical locations. Several years ago, …

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Today Small Business is Not Able to Make Reinvestments: AYFB

Paata Bairakhtari

New tax preferences for small business sector will come into force on July 1. The government’s initiative calls for cutting the turnover tax for small business  5 times. As a result, companies with 500 000 GEL turnover will move to the category of small business. YFB vice president Paata Bairakhtari …

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AYFB Urges Zurab Alavidze for Promptly Revision of Tender Regulations

AYFB Urges Zurab Alavidze for Promptly Revision of Tender Regulations

Association of Young Financiers and Businessmen (AYFB) urges Minister of Infrastructure and Regional Development of Georgia Zurab Alavidze to promptly revise regulations for conducting major road-infrastructural tenders. The first part of AYFB research exposed serious violations and errors and even law enforcement bodies may be invited to comprehensively explore the …

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AYFB Requests Georgia’s PM to Set Personal Control Over Road Infrastructure Projects

AYFB has Released an Address to the Prime Minister of Georgia Asking him to set Personal Control over Implementation of Road Infrastructure Projects

“Association of Young Financiers and Businessmen (AYFB) has recently launched exploration works for exposing available violations in highway construction process and public monitoring whether  announced tenders and their conditions are fulfilled valuably. We know that an unprecedented volume of resources will be applied from the state budget and  international donor …

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AYFB to Examine Highway Construction Works for Legal Compliance

AYFB to Examine Highway Construction Works for Legal Compliance

Association of Young Financiers and Businessmen (AYFB) plans to conduct a public monitoring of major infrastructural tenders and quality of their implementation. Over the past years, a major part of the state budget is spent on infrastructural projects and the current year is a special one in this respect. Regrets …

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Fuel Importers Continue Deceiving Society

Association of Young Financiers and Businessmen (AYFB) continue fuel market research, due to high public interest, extreme hike in fuel prices and international market developments. AYFB vice president Paata Bairakhtari noted that global stock exchanges genuinely record price surge tendencies, however, Georgian market tendencies are absolutely inadequate to international realities, …

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AYFB Names Main Defects in Law on Tobacco Products

Association of Young Financiers and Businessmen – AYFB has released a repeated statement on the Tobacco bill and exposed the gaps within the document. The bill lacks for due financial analysis. The document only says that the Authorities do not plan to take additional expenditures, but the draft law says …

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AYFB: It is Inadmissible to Discuss Law on Tobacco in this Form

Association of Young Financiers and Businessmen (AYFB) expresses embarrassment  over the fact Parliament of Georgia plans to adopt Law on Tobacco in the existing form, without revision. AYFB analyst Paata Bairakhtari noted that it is inadmissible to adopt the bill in the existing form. «Seemingly, the Authorities cannot realize threats …

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AYFB About Expected Hazards after Growth in Tobacco Excise Tax

Paata Bairakhtari

Association of Young Financiers and Businessmen (AYFB) talks about expected hazards that may arise as a result of growth in tobacco products excise tax in the announced volume. «It is unclear when the Authorities refer to public health issues when discussing tobacco excise tax growth aspects. Everybody understands that it …

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