Ten years after the European Union vowed to produce 20 percent of its energy from renewable sources by 2020, it has made huge progress toward that goal. Now, a new challenge beckons: In 2018, the EU formally set itself a binding target to achieve 32 percent of energy from renewables by 2030. Continue reading

We are pleased to announce that the British Georgian Chamber of Commerce (BGCC) joined EUGBC business community as an affiliated member.

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Mgaloblishvili Kipiani Dzidziguri (MKD) has successfully advised the Netherlands Development Finance Company (FMO) on the loan side and GEL bond side of the transaction to JSC Credo Bank in amount of GEL 26 million facility. Continue reading

In this issue (click here):
Legal news:

• Amendments to the Organic Law of Georgia – Labour Code of Georgia;
• New Organic Law of Georgia on Labour Safety;
• New rules for registration, manufacturing authorization and control of veterinary drugs;
• Georgia has banned plastic bags;
• The disposal rules of the assets of companies with state participation of more than 50%;
• New regulations of the National Bank of Georgia.

Business news:

• Georgia’s impressive progress in Fitch rating;
• Georgia improves its standing in doing business 2019 ranking;
• Free Trade Agreement with Hong-Kong came into effect;
• Georgia ranks 16th among the best European countries for business.