Menu

Invest in Georgia

Georgia’s progress in improving the business climate has been well documented in a number of international indices, including the World Bank’s Doing Business in 2007 survey, which hailed Georgia as the world’s number one reformer.
Irakli Gagua Research Fellow

Georgia: weekly market watch

Stock and bond markets: Last week the Galt & Taggart Index (GTI) fell by 9.04% to 561.8 in GEL terms on a trading volume of GEL 95,358. Four blue chip stocks traded on the Georgian Stock Exchange: Bank of Georgia (GEB, Buy, down 10.47%), Galt & Taggart Capital (GTC, Buy, unchanged), United Telecom of Georgia (UTC, Hold, unchanged) and People’s Bank of Georgia (AMB, up 33.33%). Blue chip stocks accounted for 100% of the total weekly trading volume.

Read more: Georgia: weekly market watch

Lagodekhi Nature Reserve - The Future of Eco-Tourism

Aching to get out into Georgia’s beautiful countryside? As one of UNESCO’s only listed natural monuments in Georgia, do yourself a favor and get in on the autumn colors at Lagodekhi Nature Reserve.

Due to its position blocked off by mountains on three sides, Lagodekhi Nature Reserve opens out towards the Caspian Sea, bringing a semi subtropical climate in the region and a variety of unique flora and fauna. With centuries-old virgin forests of hornbeam and oriental beech, birch and maple trees and thousand-year old yew trees, Lagodekhi is a wonder to behold and any visitor would be lucky to partake in the variety of eco-friendly activities available.

Read more: Lagodekhi Nature Reserve - The Future of Eco-Tourism

Completion of Privatization Process of Energy Assets

Assets of the Georgian United Energy Distribution Company, Energy Company of Adjara and six hydropower stations (Ladjanuri HPP, Rioni HPP, Gumati Cascade, Shaori HPP, Dzevhrula HPP and Atsi HPP) are officially transferred to the Czech company ENERGO-PRO.

Read more: Completion of Privatization Process of Energy Assets

Duties on Mineral Water Use to Differentiate

Duties on mineral water use will be differentiated according to its purpose and form of consumption. Namely, duty for drinking mineral water (including one extracted for bottling) makes up 3 lari per 1 cubic m; underground fresh water for bottling - 4 lari per cubic m, while its price for technical use is defined by 0.005 lari; on therapeutic mud - 1 lari per t. Duty was set on underground water extraction for external use (healing bath) as well - 0.04 lari per 1 cubic m.

Read more: Duties on Mineral Water Use to Differentiate

Double Tax Treaty Ratification

By the law #4789 the Parliament of Georgia has ratified the agreement between Georgia and the Republic of Estonia on the avoidance of double taxation of income and capital gains and prevention of tax evasion. The effective date of the ratified treaty will be known once the Ministries of Foreign Affairs of the two countries exchange the notes.

Economic Development Ministry Sells 5 Entities by Auction for 1.9 m USD

The Economic Development Ministry sold five state-owned entities by auction on July 5.
Building at 70 Uznadze St. along with a land plot of 8424.2 square m was acquired by LLC Education and Development Center for 1 720 000 USD. The starting price was 1 700 000 USD.

Read more: Economic Development Ministry Sells 5 Entities by Auction for 1.9 m USD

Amount: 

Color I Color II Color III

Log In or Register