Georgia Decide with Confidence
13 December, 2012
Georgia Decide with Confidence
What is behind the scene, is Georgia open or closed as a business area, which could potentially invest but has not decided yet. This is a scope of questions arising on a day per day basis. I guess from the standpoint of investment climate Georgia is in more favorable conditions as level of corruption tends to be almost zero, police and lawyers are on watch of any breach of the Law, however it takes time to make a decision.
I
take as a snapshot my life and studies in the USA and United Kingdom. Next issue is openness of the business entities, as under Soviet and post-Soviet economy, business was closed and not accountable to the citizens of the country, Corporate websites did not tell you neither who is the founder and the top management, nor have posted Annual Reports. Third issue is definitely Accounting System as the Soviet accounting system or RAS (Russian Accounting System) was a nightmare, standing far from GAAP and logical thinking. A real issue for foreign investors is one legal name of the company and the legal address and different name of operating company. It’s a real puzzle for them, why it’s a new name when you dig out company portfolio, foundation capital papers etc.
Besides this if you are new entrant into the marketplace such as Georgia you need first of all check Dan & Bradstreet on Internet records, in order to check Georgian partners as there should be a record if business is transparent and accountable. This is worldwide accepted format of entering into a new marketplace. D&B (NYSE:DNB) the world’s leading provider of business information, has been enabling business-to-business commerce for 160 years.
D&B’s information and technology solutions help businesses reduce credit risk, find profitable customers and manage vendors efficiently. We have the largest company database available, with information on 212 million businesses and branches worldwide.
Businesses also use D&B’s information and technology to authenticate and verify potential trading partners online, increasing their trust and confidence in e-commerce transactions. That’s why so many companies, including over 90 percent of the Business Week Global 1000, rely on D&B as the most trusted source for information they need to make their business a success.Dun & Bradstreet Global network (D&B) gives the opportunity to receive information on any company in the world and to quickly assess the safety of cooperating with it.
D&B database, established in 1841, has no parallel in its volume (200 mln. companies). It is based on the unique technology of standardization and data verification (DUNSRight®), and on its own global system of business identification (DUNS number).
Interfax-D&B, joint venture set up in 2008 by the Interfax Group and Dun & Bradstreet to operate in Russia and the CIS countries, provides access to the global business database and provides analytical services for credit risks assessment, meeting the highest international standards.
Correct me if I’m wrong, but in my opinion it’s high time to establish similar joint venture between D & B and one of the leading Georgian News Agencies, so that facilitate, improve credibility and set formal requirements for the businesses operating in Georgia.
Print
Other Stories
Three biggest animals in Tbilisi Zoo – Grand, Bacho and Begi
This week was very important for the Tbilisi Zoo staff – Grand elephant was operated and its tusk was removed by the South African doctors.
Georgian designers who participate in TBFW 2018
Mercedes Benz Fashion Week 2018 kicks off tomorrow, on the 1st of November and will last for 5 days, until the 5th of November.
Tusk of elephant Grand successfully removed in Tbilisi Zoo
Surgery of the elephant Grand in Tbilisi zoo was successful and is over now. Elephant can walk now but specialists still observe its condition.
International fashion exponents meet Georgian designers MBFW Tbilisi
If you’re interested in fashion then you should definitely add a new event to your agenda. Namely Mercedes-Benz Fashion Week Tbilisi that takes place from 1 to 5th of November.
Maryam d'Abo - James Bond Girl with Georgian roots
Giorgi Kvinitadze was a commander-in-chief of the Democratic Republic of Georgia.
Elephant to undergo surgery in Tbilisi Zoo
The elephant Grand is about to undergo the hardest surgery today on the 31st of October.
Best places to celebrate Halloween in Tbilisi
Halloween is celebrated on the 31st of October. It evolved from the Celtic holiday of Samhain which took place at the beginning of winter.
Bera Ivanishvili and Nanuka Gudavadze to get marry on the 11th of November
Son of the richest person in Georgia Bera Ivanishvili and the Georgian model Nanuka Gudavadze plan to get married on the 11th of November.
8-year-old girl killed in Gori - suspected murderer detained
The man suspected of killing the 8-year-old girl (with the initials I.N.) was detained today, on the 26 of October.
Audrey Hepburn with Georgian Emmy Award winner
Some photos keep whole stories. Especially one that are taken with famous people.
New clip by Bera Ivanishvili - Time machine
The richest man in Georgia Bidzina Ivanishvili is very much involved in politics, but we cannot say the same about his children, especially about Bera.
Olivia Wilde and Lea Michele in David Koma dresses
Recently, InStyle has organized the fourth annual InStyle Awards.
Gregory Pekk and Marcello Mastroianni and their friendship with Georgians
Leila Abashidze was a famous Georgian actress. She was sometimes referred to as "Mary Pickford of the USSR".
Georgian singer Sofia Nizharadze’s sexy outlooks
Sofia Nizharadze is a Georgian singer. She represented Georgia in the Eurovision Song Contest 2010 with the song "Shine reaching the 9th place.
Beautiful Georgian Model Tamta Shedania tells her story
The model of Elite Model Look Georgia (an international modeling contest) Tamta Shedania worked with various Asian and European modeling agencies.
Ghanaian Eudosia Andoh – Everyday life in Tbilisi in photos
Eudosia Andoh has been living in Tbilisi for three and half years and has been travelling in different parts of Georgia.
Tbilisi Fashion Week SS 2019 ended
Tbilisi Fashion Week SS 2019 came to an end. The event has been widely reported in the international press such as Vogue, Marie Claire, ELLE, Harper's Bazaar, etc.
Tbilisi Fashion Week continues – What’s new?
Tbilisi Fashion Week continues. Foreign tourists, designers, models and special guests attend the event.
The first day of the Tbilisi Fashion Week SS 2019
Tbilisi Fashion Week SS 2019 has officially commenced.
Sophia Loren, Ornella Muti and their friendship with the Georgians
Georgia has numerous artists popular to the international public.
Tbilisi Fashion Week kicks off
Tbilisi Fashion Week is going to commence on the 18th of October. The slogan of the fashion week is “We Must Take Care of Nature”.
Georgian model Ana Akhvlediani becomes a mother
Georgian model Ana Akhvlediani became a mother. Ana Akhvlediani married to Giorgi Beraia in July, 2018. The couple has a daughter.
What do wives of the rich Georgians wear?
Famous Georgian faces pay great attention to look gorgeous when they appear in public or upload photos on social network.
Saddam Hussein’s Georgian Personal Advisor
A-83-year-old pilot Darwin Rukhadze from Georgia used to serve as a personal advisor of Saddam Hussein, the president of Iraq.
What makes Japan so similar to Georgia?
Japanese people know Georgia and the Georgians well enough thanks to the Georgian Sumo wrestler Levan Gorgadze, also known as Tochinoshin.
PHOTO OF THE DAY
Exchange Rates
GEL Exchange Rate
Convertor
17.11.2018
18.11.2018
USD
1
USD
2.6727
2.6727
EUR
1
EUR
3.0268
3.0268
GBP
1
GBP
3.4240
3.4240
RUB
100
RUB
4.0447
4.0447
Other Stories
World famous British singer Jessie J has decided to wear clothes made by Anouki Areshidze, Georgian designer and wife of the mayor of Tbilisi.
Bassiani, one of the most popular underground clubs not only in Georgia but throughout Europe as well, has opened today
An amazing video made in Georgia by tourists from the Philippines have gone viral on the internet.
Over the recent two days May 12-13 Tbilisi city saw a peaceful protest rally in the center of the city.
Hundreds of people took to the main street Rustaveli Avenue in Tbilisi to protest the raid in Tbilisi’s popular night clubs.
Two bear cubs listed as endangered on the red list were handed over to Tbilisi Zoo,
Tbilisi Mayor Kakha Kaladze and Deputy Tbilisi Mayor Ms. Sophio Khuntsaria have gifted a food stand
Pamela Anderson, famous Canadian American actress and model has appeared in the chic sunglasses by internationally acclaimed Georgian designer George Keburia.
A ski lift accident in Georgia’s eastern Gudauri resort,in particular at Sadzele 5 lift, has left 8 people with injuries.
The ski lift in Gudauri winter resort in Georgia has broke down in the aftermath of which several people have been injured.
GEL Exchange
USD
1
USD
2.6727
EUR
1
EUR
3.0268
GBP
1
GBP
3.4240
RUB
100
RUB
4.0447
November 2018
Mon Tue Wed Thu Fri Sat Sun
1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30