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Tag Archives: Estonian Model

GEL Stability and Estonian Model – 6 Months of Nikora

Starting January 2017 several important economic reforms were implemented. The private sector representatives named several directions for business, including free trade agreement with China that will come into force in several months. Nikora director general Irakli Bokolishvili told the Commersant that January-June period of 2017 was profitable. Currency stability has …

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Georgian Perspectives of Estonian Model

Estonian Model

Mirian Ejibia ISET MA: eugeorgia.info Key component of Estonian Model calls for exempting undivided profit from tax burden. After introduction of Estonian Model in Georgia, a major part of business entities will be partly exempted from profits tax. These bodies will be taxed if profits will be issued in the form …

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Georgia Welcomes Estonian Taxation Model

The Georgian parliament adopted changes to the country’s tax laws to introduce a new system of levying income tax on business. It will only have to be paid if corporate profit is distributed. Estonia introduced a similar model in 2000. The Georgian parliament adopted changes to the country’s tax laws …

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Giorgi Kadagidze Talks about Simple Mechanisms for Overcoming Crisis

Giorgi Kadagidze

Giorgi Kadagidze,  the former president of National Bank of Georgia (NBG), has released a special statement on his own social network page. In his statement Kadagidze talks about simple mechanisms for recovering the state economy from crisis. This is an Estonian model of reacting to crisis situations (external shocks), when …

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Chirakadze: Estonian Model Should Apply to Banks As Well

Business will discuss important issues with the Premier, – President of Business Association Giorgi Chirakadze declared before the meeting with the Prime Minister, noting that businessmen plan to hear the Premier’s point of view concerning certain problematic issues for them. “We plan to speak about these issues, risks, challenges with …

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