Monthly Archives: May 2018

Georgian Airways: TAV Urban Georgia Refuses to Lower Air Ticket Prices

TBILISI(BPI)- Georgian Airways has released a special statement on its own official website of Facebook: “The management of our company has been conducting negotiations with Tbilisi International Airport managing company TAV Urban Georgia on various issues with the aim to lower air ticket prices, but TAV Urban Georgia refuses our proposal. The enslaving agreement with TAV Urban Georgia was signed ...

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Georgia’s Rural Priorities Discussed at EU-supported Event

TBILISI(BPI)- Representatives of Georgia’s government met in the town of Tetritskaro on 17 May to discuss the country’s rural development priorities and its progress in introducing and implementing the new concept of rural development. The main topics of the meeting referred to the state programmes and initiatives designed to promote rural development through the diversification of local economies, improvement of ...

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Georgian and German Railway Companies Introduce Joint Project in China

TBILISI(BPI)- Georgian Railway and German Railway have introduced a joint project at Transport Logistic China 2018, which was held in Shanghai, Georgian Railway officials report. The project calls for organizing multi-modal cargo shipping from Near East to China, Georgian Railway representatives noted. “The route of the mentioned project starts in Duisburg and then heads to Romania and reaches Georgian Seaport ...

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Wizz air georgia Wizz Air to Perform Flights from Spain, France, Czech Republic, Italy and Greece

TBILISI(BPI)- Wizz Air airline has deployed the second A-320 modern airplane to Kutaisi International Airport to perform flight from Spain, France, Czech Republic, Italy and Greece. The airline will perform flights from Bucharest and Vienna too, Ketevan Aleksidze, director for Georgian Airports Association told the Commersant radio. “Besides the existing novelties, Wizz Air plans to add new frequencies to Berlin ...

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Geostat: Unemployment Rate is Higher Among Men than Women

TBILISI(BPI) -According to Geostat’s research, the unemployment rate is traditionally higher among men than in women. In 2017, the indicator was higher than 2.3 percentage points in men compared to the corresponding indicator of women. In addition, the indicator in 2017 increased by 1.8 percentage points in women compared to 2016, and in men decreased by 1.6 percentage points. This ...

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RMG: We are Miners and we Know How to Protect Environment and People

TBILISI(BPI)- ”Getting the subsoil is quite specific field. There are very few mining companies in our country. This is an important area for Georgia’s economy, but it must be correct to ensure not to cause a harm to nature, ” The executive director of RMG, Johnny Shubitidze, said in his interview with “Banks and Finance”. “We are professionals in this ...

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Minister of Finance: Effective Interest Rate’s Top Margin will Decline to 50% from 100%

TBILISI(BPI)- The top margin on effective interest rate will decrease to 50% from 100%, Minister of Finance of Georgia Mamuka Bakhtadze said. Previously, it was widespread practice that interest rates indicated in loan agreements did not reflect the reality, he added. “Various commission fees, fines were added to the loan and this factor was doubling and tripling interest rates. Borrowers ...

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Coca-Cola Bottlers Georgia Founder: Business Maintains the State in Georgia

TBILISI(BPI)- “The topic of pressure on business has already become an immortal theme in Georgia, which all politicians speak about. But it’s time to forget the word “pressure”, as in reality business keeps the country, ” Temur Chkonia, the founder of Coca-Cola Bottlers Georgia, says commenting on Georgian President Giorgi Margvelashvili’s statement that business is free and does not experience ...

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The Sector Economy Committee : Regulation on loans are required

TBILISI(BPI)- “The problem of excessive indebtedness of the population is determined in relation to GDP, and at this stage the situation in Georgia is not critical, but to avoid this in the future, regulation are required,” Chairman of the parliamentary committee on the Sector Economy Roman Kakulia states.   According to Kakulia, the National Bank found the growth rates of ...

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Ministry of Finance will Toughen up Regulations for Pawnshops

TBILISI(BPI)- According to Finance Minister Mamuka Bakhtadze, new regulations for pawnshops will be developed this month.   In particular, they will restrict the acceptance of  real estate and cars as collateral, for this  fundamental decisions are to be adopted.  “New rules of the game for pawnshops should be  adopted  in the shortest possible time, namely in May. To accept cars ...

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