IFC Regional Head for the Caucasus: “Right now we’re considering increasing credit lines to the banks”
The COMMERCIAL TIMES
The year 2011 is coming to an end, but the European crisis is not. Christine Lagarde, Managing Director of the International Monetary Fund (IMF) says: “There is no economy in the world, whether low-income countries, emerging markets, middle-income countries or super-advanced economies, that will be immune to the crisis that we see not only unfolding, but escalating.” However, Georgia keeps doing its best to be a more or less lucky exception. …

Discussions around the amendments to the Tax Code are still ongoing at The Parliament of Georgia. Georgian government says the main goal of the proposed initiatives is to create further simplified environment for businesses. COMMERCIAL TIMES interviewed Rusudan Kemularia, Deputy Minister of Finance of Georgia, regarding the concrete results expected through the tax code amendments.
-  Not everybody in the local politics welcomes the initiative of Tax Monitoring Officers’ institution, saying it carries a threat of putting pressure on businesses. What are your arguments in this regards?
- Tax Monitoring …

First Lady sounds to be a majestic status for women all over the world. However, this magic requires 24-hour involvement in different jobs.
For Mrs.Sandra Elisabeth Roelofs the main challenge is to use the position of the first lady to maximally help the most vulnerable, with a focus on women and children.
The COMMERCIAL magazine recorded an exclusive interview with Mrs.Sandra Elisabeth Roelofs, the First Lady of Georgia.
- As the WHO Goodwill Ambassador in the European Region for the health-related Millennium Development Goals (MDGs), you have your separate program within the UN …

General Director: “We’re not a company that you can relate to any other company in Georgia. New Energy has become a very unique company, which has a vision of becoming even better.”
The COMMERCIAL TIMES
New Energy, the leading construction company in Georgia, has set new plans for future expansion with the new management on board. Local market leader keeps strong focus on large-scale road and infrastructure projects. New Energy’s employers are mostly government organizations as well as big private companies engaged in gas and oil sector.
“We plan, design and construct facilities …

IPR Expert: “People do not understand the function of intellectual property and how it contributes to economic development and business growth.”
The COMMERCIAL TIMES
Intellectual Property Rights (IPR) has always been a highly disputed issue in different societies and countries. In Georgia,  the National Intellectual Property Center, Sakpatenti, is working on improvement of IPR in the country Economic Prosperity Initiative (EPI) of the US Agency for International Development (USAID) is cooperating with Sakpatenti regarding the value creation aspect of IPR. This is an important part of the EPI project that aims …