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Economic Press Monitor


April 26, 2017

IN THIS ISSUE:

1. 112 AUDIT COMPANIES PASSED COMPULSORY REGISTRATION IN GEORGIA
2. THE GOVERNMENT REQUIRED TO REMOVE FADY ASLY FROM THE MEETING WITH INVESTORS, THE MEETING FAILED
3. KUMSISHVILI: EXTENSION OF TAX PRIVILEGE FOR CONSTRUCTION WILL BRING TO END PROJECTS OF 200M
4. “UNM” DEMANDS TO INVESTIGATE POSSIBLE CORRUPT ACTIVITY OF GOGASHVILI

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1. 112 AUDIT COMPANIES PASSED COMPULSORY REGISTRATION IN GEORGIA
Companies

112 audit companies passed compulsory registration in Georgia, the magazine reports. Since November 1, 2016, when the registration has started, 384 accountants were registered in audit registry.

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2. THE GOVERNMENT REQUIRED TO REMOVE FADY ASLY FROM THE MEETING WITH INVESTORS, THE MEETING FAILED
Economic & Politics

Georgia’s Prime Minister Giorgi Kvirikashvili had to hold meeting with business delegation from Middle East, but the planned meeting failed.

12-member delegation arrived in Georgia by organization of International Chamber of Commerce in Georgia (ICC-Georgia).

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3. KUMSISHVILI: EXTENSION OF TAX PRIVILEGE FOR CONSTRUCTION WILL BRING TO END PROJECTS OF 200M
Construction

By initiative of the government, tax privilege (exemption from VAT), set for construction projects, launched before 2008, will be extended by 2 years, until 2020.

Finance Minister Dimitri Kumsishvili said: “We made the first decision on setting privileges in 2015.

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4. “UNM” DEMANDS TO INVESTIGATE POSSIBLE CORRUPT ACTIVITY OF GOGASHVILI
Economic & Politics

United National Movement (UNM) applied to Main Prosecutor’s Office with demand to investigate possible corrupt activity of deputy head of State Security Service Soso Gogashvili, Tabula reports.

Until apportionment on the high-ranking position in the Service, Gogashvili was beneficiary of social allowance, while now he is owner of property worth of several millions, UNM states.

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