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South Caucasus News

The condition of the oppositionist, who swallowed a battery in jail, remains severe


The battery swallowed by the activist of the Popular Front Party Elkhan Aliyev in jail is still in his body, the wife of the oppositionist Shahnaz Aliyev told Turan on Wednesday. The activist swallowed a battery on May 26 in protest against not fulfilling his promise that he would be…


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South Caucasus News

1437 forcibly displaced from Nagorno-Karabakh received Armenian citizenship – ARMENPRESS


1437 forcibly displaced from Nagorno-Karabakh received Armenian citizenship  ARMENPRESS

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South Caucasus News

Iran’s Tasnim news agency: Iran made sea-launched ballistic missile available to Houthis – Reuters


Iran’s Tasnim news agency: Iran made sea-launched ballistic missile available to Houthis  Reuters

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South Caucasus News

Delegation of Azerbaijan`s State Committee for Work with Religious Associations pays visit to Türkiye – AzerNews.Az


Delegation of Azerbaijan`s State Committee for Work with Religious Associations pays visit to Türkiye  AzerNews.Az

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South Caucasus News

Armenian deputy PM chairs EEC meeting in Moscow



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South Caucasus News

Another 24 families relocated to Khojaly city get house keys


Another 24 families (88 people) relocated to the city of Khojaly have been presented with house keys, Report informs.

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South Caucasus News

Armenian Defense Minister participates in Schuman Security and Defense Forum


On May 29, Armenian Defense Minister Suren Papikyan participated in the opening ceremony of the Schuman Security and Defense Forum, where he engaged in panel discussions on regional and international security issues.

Suren Papikyan was invited by EU High Representative for Foreign Affairs and Security Policy Josep Borrell.


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South Caucasus News

Парламент Грузии преодолел вето президента на т.н. «закон об оффшорах»


Парламент Грузии преодолел вето на т.н. «закон об оффшорах». Лишь один депутат поддержал мотивированные замечания президента, 64 выступили против. После того как парламентское большинство преодолело вето на поправки в «Налоговый кодекс», парламент провел голосование по первоначальной версии поправок. В итоге поправки в «Налоговый кодекс» были приняты 83 голосами, при одном голосе «против». Следует отметить, что […]

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South Caucasus News

Parliament Overrides President’s Veto, Adopts ‘Offshore’ Law


On May 29, the Georgian Parliament overrode the President’s veto of the controversial amendments to the country’s tax code, the so-called “offshore law,” which makes it easier to bring offshore assets into Georgia. 64 voted to override the President’s veto and 1 voted against. The amendments were then voted for with 83 votes in favor and 1 against.

The amendments, passed by the ruling Georgian Dream party under a fast-track procedure on April 19, offer a wide range of tax benefits to companies and individuals who decide to move their assets from tax havens to Georgia. The law, adopted amid the foreign agents’ law turmoil, sparked widespread backlash in Georgia with critics fearing it could turn Georgia into a hub for black money while allowing Georgian Dream’s billionaire founder, Bidzina Ivanishvili, and his cronies to evade potential Western sanctions.

President Zurabishvili vetoed the amendments on May 3. Now that her veto has been overridden, the amendments will come into effect in a few days.

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Audio Review - South Caucasus News

Parliament Overrides President’s Veto, Adopts ‘Offshore’ Law


On May 29, the Georgian Parliament overrode the President’s veto of the controversial amendments to the country’s tax code, the so-called “offshore law,” which makes it easier to bring offshore assets into Georgia. 64 voted to override the President’s veto and 1 voted against. The amendments were then voted for with 83 votes in favor and 1 against.

The amendments, passed by the ruling Georgian Dream party under a fast-track procedure on April 19, offer a wide range of tax benefits to companies and individuals who decide to move their assets from tax havens to Georgia. The law, adopted amid the foreign agents’ law turmoil, sparked widespread backlash in Georgia with critics fearing it could turn Georgia into a hub for black money while allowing Georgian Dream’s billionaire founder, Bidzina Ivanishvili, and his cronies to evade potential Western sanctions.

President Zurabishvili vetoed the amendments on May 3. Now that her veto has been overridden, the amendments will come into effect in a few days.

Also Read: