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Tag Archives: Companies

Construction Companies Complain About Difficulties With Financing

Construction Companies Complain About Difficulties With Financing

As is known, the Georgian construction business isfocused on short-term projects – that is, the construction of houses and their quick sale, while almost no one is engaged in a long-term development – the construction for the purpose of renting the apartments. Most developers interviewed by Commersant say that the …

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Kumsishvili: We Do Not Manipulate with Expectations of Currency

Kumsishvili: We Do Not Manipulate with Expectations of Currency

GEL rate remains a hot topic. Minister of Economy has recalled sharp devaluation of national currency (11%) through the last two weeks afresh and noted, that to make a comment on the daily change of the rate is incorrect. He called for private individuals and legal entities to conduct the procedures …

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New Income Tax to be Launched on July First this Year

New details regarding Georgia’s  income tax reform  have become known. Finance Minister said after the Cabinet Meeting that the reform would  not apply to banks, insurance companies, micro-finance organizations, entrepreneurial individuals and non-profits. When asked by CBW on the income tax exceptions criteria, the Finance Minister said that these sectors do not really …

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Number of Russian Companies Registered in Georgia Growing

Number of Russian Companies Registered in Georgia Growing

According to Georgian media reports, in January-August 2015, a total of  232 companies owned by the Russian citizens were registered, while in the same period of 2014 – 215. However, only 21 companies  are working actively. For Russian business the most attractive areas are trade, tourism and construction. The Russians name …

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A Lawsuit to be Filed against Online Loan Companies

A Lawsuit to be Filed against Online Loan Companies

A group of citizens appealed to  the National Bank of Georgia with the requirement to introduce the regulation in  the activities of microfinance institutions that issue loans  on enslaving conditions. “No online loans” – an appeal under this title has already collected more than 3500 signatures. The initiator of the campaign …

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New Building Code – New Standards To Construction Companies

The new building code has been already developed. The parliament will discuss the document in autumn session. Construction companies and the housing sector experts have been long waiting for developing and enacting this document. Finally, the Authorities have satisfied this  demand. The new building code is expected to be enacted …

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