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Fly Georgia will begin flights soon
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Fly Georgia airlines will enter the aviation market soon. Sources say that the new company plans to begin flight service this summer.
“A team of professionals is working tirelessly to deliver a brand new, world-class airline for Georgia,” reads the Fly Georgia’s web page. The company will offer flights between Tbilisi and Europe, the CIS, Middle East and Asia.
Fly Georgia is now working to complete the staff, and will announce flight details at the end of this month. The company has mixed management staff including specialists from Iran and Portugal.
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Bank Republic stimulates SME sector via free training sessions
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Author: By Ana Sabanadze
Bank Republic, a member and subsidiary of the International Societe Generale Group, awarded the participants of a training course that aimed to support the development of the SME sector.
All clients who were provided business development loans from Bank Republic in the framework of the promotional campaign which ran from February 16 to March 31 this year, had the opportunity to take part in a business administration training course. Moreover, the clients could take a loan with an interest rate starting at 12% and use the privilege period of paying the credit.
More than 20 companies attended the course where they had the opportunity to deepen their business skills knowledge in various fields including business and risk management, human resource and quality management, as well as marketing and communication management. The companies represented various business sectors including construction, security and pharmaceutics.
Among them was Bella Navrozashvili, the Founder and Director of Naturopath, an importer of German-based Heel medications made of several different natural substances, mostly homeopathically prepared.
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IFC and Georgia Revenue Service help simplify tax procedures
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Author: By Ia Natsvlishvili
The International Financial Corporation (IFC), together with the Georgia Revenue Service organized training seminars for employees of the Revenue Service in the framework of the IFC Georgia Tax Simplification Project. The goal of the training was to help the Revenue Service introduce more efficient services to small and medium enterprises to reduce compliance costs for businesses.
According to Thomas Lubeck, IFC Regional Head for the Caucasus, simplified procedures help businesses save time and financial resources. “We support the Georgia Revenue Service in equipping their staff with the knowledge and tools they need to provide high-quality consultations and services for entrepreneurs,” Lubeck said.
Within a two week period, the IFC Georgia Tax Simplification Project and the Georgia Revenue Service hosted a series of training sessions for employees of Georgia Revenue Service centers and district officers in Western Georgia. The seminars focused on the responsibilities of district officers who help businesses comply with legislative requirements.
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Wine journalism in Georgia – who cares?
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Author: By Robert Linkous
If you are a wine journalist, Angeles Tegtmeyer, Managing Director of Schuchmann Wines, may reply to your email with such alacrity that you will suspect she has you under surveillance.
In Germany she learned the value of working the media before joining Schuchmann, not founded until 2008. Her company has never had the luxury of doing one-stop sales calling to the Russian Bear, which Putin sent drinking elsewhere than Georgia in 2006. She knows she must promote her wines any way she can, even if many older Georgian wine companies “do not accept this way of marketing.”
As Gvantsa Meladze, Head of Export Support Service for the Georgian National Investment Agency, observed, “Wine journalism in Georgia is yet to be developed. Wine is more of a culture to Georgians rather than a product you write about.”
But this began to change after 2006, she added, and wine journalism, especially as it relates to wine tourism, is “the best marketing tool for attracting wine lovers to Georgia.”
Certainly one Georgian wine company, Badagoni, has learned the value of good press. Their 2007 Alaverdi Traditional Red, grown in Kakheti, caught the attention of the eminent British wine magazine Decanter in a big way.
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flydubai secures aircraft financing worth $172 million
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Standard Chartered’s Pembroke on board to finance two 2012 aircraft deliveries
Dubai, UAE – 27 May 2012: flydubai, Dubai’s innovative low-cost airline, has signed with Pembroke, a wholly owned subsidiary of Standard Chartered Bank specialising in aircraft leasing, financing and management services, to finance twoBoeing 737-800NG aircraft.
The eight-year sale and leaseback agreement represents financing of USD 172 million in list prices and follows the request for proposal (RFP) issued by flydubai for its 2012 aircraftfunding requirements. The two new aircraft will enter the flydubai fleet in June and July, increasing the low-cost carrier’s capacity, while supporting network growth across the GCC, Middle East, North Africa, Indian Sub-Continent, Asia, and Central & Eastern Europe.
flydubai’sCEO, Ghaith Al Ghaith, said: “The enthusiastic response to our RFP, which was once again over-subscribed, is a positive start to our fourth year of operations. This is the first such agreement we have made with Standard Chartered’ssubsidiary, Pembroke, and underpinsthe continued confidence lessors have in us as we drive growth by increasing capacity and connectivity.We have expanded rapidly to becomethe second largest carrier operating from Dubai International Airportand growing our fleet allows us to serve more passengers around the region.”
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Latvia-Georgia business forum in Riga
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Author: By Ia Natsvlishvili
Latvia hosted the Georgia-Latvia business forum, where several agreements on importing Georgian-made products were signed. TV programs aired stories showing that Latvian businessmen have expressed their “high interest” in making investments in Georgia, in particular, constructing new hotels in Georgia`s Black Sea resort of Anaklia
Addressing the participants of the Latvia-Georgia business representatives, Georgian President Mikheil Saakashvili provided an overview of Georgia’s investment climate saying that there [in Georgia] are no bureaucratic barriers, [which] makes the country attractive for investors.
“Georgia can offer much,” Saakashvili said on May 30 in Riga. “First of all, according to the World Bank, Georgia is the best place to do business within Eastern Europe and the former Soviet Republics. We have a very fast procedure for property registration, fast customs procedures and transactions. There are houses of justice in Georgia, where you can obtain these services in only a few minutes, [this] requires more time in other countries. Bureaucratic procedures have been simplified,” he explained further.
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Greece’s Aegean Airlines launches flights from June
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Aegean Airlines, Greece’s largest airline company, will start flights between Tbilisi and Athens, from June 11, according to Giorgio Molodinashvili, Deputy Director at United Airports of Georgia.
Molodinashvili said that they will perform flights twice a week: Monday and Thursdays and the price for a roundtrip flight is 275 EUR.
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AmCham Georgia celebrates 14 year anniversary
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Author: By Ia Natsvlishvili
The American Chamber of Commerce in Georgia (AmCham) will celebrate its 14th Anniversary on June 2, inviting its members, senior officials of the Georgian government and diplomatic corps, as well as other top business leaders to a dinner-dance gala.
“Thanks to the support of our 165 members, dedicated board members and a strong partnership with the American Embassy and the Georgian government, AmCham Georgia has helped, over the years, to encourage the development of a strong and effective pro-business environment in the country,” David Lee, the President of AmCham Georgia said in the statement issued on May 31.
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Made in Georgia on display
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Author: By Ana Sabanadze
As Georgia celebrated Independence Day on May 26 and Kutaisi hosted the traditional military parade, local Georgian producers exhibited their military and civilian products at a new Georgian industrial parade entitled Made in Georgia. The parade was held on Rustaveli Avenue, in Tbilisi.
The inaugural producers’ parade is expected to become an annual Independence Day tradition, and is aimed at promoting Georgia’s production locally and internationally. It also aims to help strengthen the Georgian economy, create additional jobs and diversify local production.
President Mikheil Saakashvili attended the producers’ parade before he addressed the parliament in its new chamber in Kutaisi. The president viewed the Georgian-made products on display and congratulated the crowd during their celebration of Georgia’s Independence. Usually held in Tbilisi, the Independence Day military parade was held in Kutaisi this year, coinciding with the recent move of the parliament to Georgia’s second largest city.
Saakashvili touched on the transportation projects underway in Tbilisi and stated that the construction of a new ropeway leading to Mtatsminda Park from Republic Square is planned to begin. “New subway stations are also being built, including a station near the trade centers close to M’tskheta- all parts of Tbilisi will be interconnected,” Saakashvili noted.
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