PM - We are creating efficient multimodal transit infrastructure which will forge links and processes, and will cement relationships among states and people from Europe to Asia
Publish Time: 2017-09-22 04:47:00
"We are committed to upgrading Georgia's infrastructure. This is important for Georgia to realize its geostrategic aim to serve as a hub for doing business in the region, connecting East and West. Upgrading infrastructure is essential to ensure the rapid delivery of services, achieve efficiency in tourism and logistics, and effectively take goods to market. We see this as a powerful way to create employment that pulls people out of poverty. We have agreed to a multi-year program with the IMF and secured financing for projects worth several billion dollars from international financial organizations", - Georgia's Prime Minister Giorgi Kvirikashvili said in his speech delivered at the 72nd session of the UN General Assembly. "Georgia - together with Ukraine and Moldova - has signed an Association Agreement with Deep and Comprehensive Free Trade Area and achieved visa-free travel to the EU. At the same time, Georgia has become the first country in the region to sign a Free Trade Agreement with China. On the one hand, we are integrating into the EU internal market and, on the other hand, we are bringing Asian markets closer to us. This enables Georgia to use the full potential of its free trade networks as part of one of the most exciting development ventures of our time.We are contributing to the One Belt One Road project, which will facilitate trade in high-value goods and services between Europe and Asia, carving significant time from traditional seaborne transport around the peripheries of Eurasia.Asia and Europe will meet in this grand adventure through the Baku-Tbilisi-Kars railway project, which we are implementing together with our Turkish and Azerbaijani partners, and Georgia's new state-of-the-art port on the Black Sea at Anaklia. This deep water port will be capable of handling the largest container ships, which will result in a multifold increase of Georgia's cargo transit capacity. Anaklia will be developed by multiple international players and will be operated by a renowned American company.Georgia is now less than 10 days from East Asia and within five days of any point in Europe. We are creating efficient multimodal transit infrastructure which will forge links and processes, and will cement relationships among states and people from Europe to Asia. It represents the fundamental connection between building economic stability for Georgians and achieving a more prosperous and peaceful region", - Prime Minister said.
Zurab Pololikashvili elected as UNWTO Secretary General
Publish Time: 2017-09-14 09:28:00
Zurab Pololikashvili has been elected as Secretary General of the United Nations World Tourism Organization (UNWTO). The UNWTO General Assembly unanimously supported the decision of the Executive Council of 12 May 2017 and appointed Zurab Pololikashvili to the position of UNWTO Secretary General.This is the first case when a candidate of Georgia occupies the position of the head of the international organization.The new Secretary General was elected at the 22nd session of the UNWTO General Assembly in China. The procedure was attended by Georgian Foreign Minister Mikhiel Janelidze.
National currency depreciated further
Publish Time: 2017-09-05 16:48:00
Georgian national currency Lari has depreciated further. The price of 1 USD will be 2.49 GEL starting September 6 based on the exchange rate published by National Bank of Georgia (NBG). The price of 1 USD today was 2.45 GEL.
Statistics Service says number of cows reduced in Georgia
Publish Time: 2017-08-19 15:00:00
Georgian Statistic Service says that the number of cows in Georgia for the second quarter of 2017 reached 1.028.9 which is 8.5% less than the same period of the last year. The number of pigs increased by 10%, while the number of chicken reduced by 0.4% in comparison to the data of 2016.
GNERC launches working on electricity tariff issues despite tensions during session
Publish Time: 2017-08-18 13:47:00
The Georgian National Energy Regulation Commission (GNERC) has launched working on the tariff application presented by Telasi despite tensions and uproar during the session. The Commission head and members still conducted the voting process. Patrol police officers are also attending the session. They were called in as the session was suspended due to the tensions. Representatives of Georgia’s Labor Party also attended the session. One of the party leaders called on the commission not to change the electricity tariff in Georgia. It was followed by tensions and the session was suspended. Shortly it started again but there were still tensions and uproar. Afterwards, Patrol Police officers entered the building. Telasi Company applied to the commission with request of establishment of electricity tariffs on August 4.
Will tariff for consumption of natural gas increase?
Publish Time: 2017-07-18 11:51:00
A sitting is being held at Georgian National Energy Regulation Company (GNERC) in reaction to the application of gas distribution companies, which submitted an application to GNERC in the beginning of 2017 with demand to increase the tariff for consumption of natural gas. The decision will become known later today.
European Investment Bank to allocate 250 million euros for Georgian Transport Communication Project
Publish Time: 2017-07-13 12:54:00
European Investment Bank will allocate 250 million euros for the Georgian Transport Communication Project. The regarding agreement was signed by Georgia’s Finance Ministry Dimitri Kumsishvili and Vice President of the European Investment Bank Vazil Hudak in Batumi today. Rehabilitation of Vardnili and Enguri HPPs will be additionally financed with 3.5 million Euro by EIB. As reported by the Ministry the amount will be added to 20 million euro, allocated by the bank that was necessary for completion of rehabilitation works on the Vardnili HPP.The project envisages rehabilitation of two aggregates of the Enguri HPP as well as the Vardnili HPP cascade. Security measures will also be implemented at the Gali reservoir.
EU market already open to Black Sea fish and fish products from Georgia
Publish Time: 2017-06-21 12:06:00
The EU has added Georgia to the list of the countries from which it’s possible to export the Black Sea fish and fish products, - Georgia’s Minister of Agriculture Levan Davitashvili and EU Ambassador to Georgia Janos Herman told journalists. According to the Minister, the next stage envisages presentation of recognized business-operators’ list to the European Commission. Afterwards the business operators will be able to export the Black Sea fish and fish products to the EU market. As reported, auditor-inspectors of -Directorate General Health and Food Safety and Food and Veterinary office visited Georgia to conduct the audit at the scene. The mission has studied the food safety legislation, procedure of control and its results. The mission has offered recommendations according to which Georgia’s Ministry of Agriculture has elaborated the working plan and conducted relevant activities. As a result of all this, Georgia has been added to the list of the third countries from where export of the Black Sea fish and fish products are allowed to the EU.Reportedly, the Black Sea fish is the third product that will be presented at the EU market after wool and honey.
Georgia’s internal debt increased
Publish Time: 2017-06-13 18:22:00
Georgia’s state internal debt has increased by 500,4 million GEL for the last 1 year. Based on the information of Finance Ministry, the credit balance in May 2016 was 2 billion 154 million and 757 thousand GEL. In May 2017, the amount of debt reached 2 billion 655 million and 160,800 GEL.
Kakha Kaladze says that negotiations over Khudon Hydro Power Plant construction continues
Publish Time: 2017-05-15 12:13:00
Kakha Kaladze, Georgian Vice-Prime Minister and Energy Minister says that negotiations with investors on construction of Khudon Hydro Power Plant continues.Asked whether the negotiations with Trans Electrica could be turned into an arbitration dispute, Kaladze answered that the task of the state is to implement the project promptly.According to him, negotiations with the local population continue.
Zurab Pololikashvili elected as Secretary General of UNWTO
Publish Time: 2017-05-12 14:42:00
Ambassador of Georgia to Spain Zurab Pololikashvili has been elected as the new Secretary General of World Tourism Organization (UNWTO).The voting procedure was held in Madrid into two rounds of balloting. Pololikashvili received 18 votes in the second round, his rival, a nominee of Zimbabwe – 15. UNWTO Ex Council recommended Zurab Pololikashvili from Georgia as a nominee of SG for the four-year-period starting January 2018.
PM arrived in Romania with official visit
Publish Time: 2017-04-26 16:08:00
Georgian Prime Minister Giorgi Kvirikashvili is in Romania with an official visit. An expanded meeting of governmental representatives of the two countries has already been held. The sides discussed political, economic, energy, transit and cultural-humanitarian cooperation issues. Within the framework of the visit, Kvirikashvili is scheduled to hold meetings with President and Prime Minister of Romania. Joins statements will be made for the media. Georgian PM will attend a reception to be given on the occasion of 25th jubilee of establishment of diplomatic relations between Georgia and Romania.
Two Energy Companies vs. Georgia
Update Time: 2017-04-25 20:06:00
Two large energy companies operating in Georgia KazTransGas and Inter RAO may apply to International Court of Arbitration, an institution for resolution of international commercial disputes, regarding violation of liabilities by the country. Kazakh investors demand return in the management of KazTransGas-Tbilisi or selling the company. Inter RAO has notified Georgia of an investment dispute on compensation due to depreciation of the Georgian national currency Lari. The companies sent letters to Georgia’s President and ministers of foreign affairs, justice, and energy. The Georgian Energy Ministry counts on reaching an agreement in both cases.
Georgian national currency gained value - Dollar price equals 2.3896 GEL
Publish Time: 2017-04-13 17:31:00
The National Bank of Georgia has set a new exchange rate according to which the Georgian national currency Lari has further gained value against USD. Dollar price has become 2.3896 Gel.As for the euro, its new exchange rate is 2.5415 Gel.
State Program of Larization completed
Update Time: 2017-03-17 20:24:00
The State Program of transformation of credits issued in foreign currency into Lari, so-called Larization process has been completed. About 5 thousand people used the program. Specialists say that the program was useful but it resulted in law activeness probably due to inefficient information campaign about its advantages.
Compulsory deposit insurance to be launched in Georgia
Publish Time: 2017-03-02 12:05:00
Compulsory deposit insurance will be launched in Georgia. The issue will be discussed at the government session today.Georgia is the only country in the region, where the compulsory deposit insurance not exists.The introduction of the regarding regulation is the EU directive.The issue will be discussed at the spring parliamentary session and if approved, compulsory deposit insurance will be launched from 2018.
Kaladze : decision on disclosing the agreement reached between Georgia and Gazprom Company should be taken jointly
Update Time: 2017-01-30 18:43:00
The decision on disclosing the agreement reached between Georgia and Gazprom Company should be taken jointly - Georgia’s Vice Prime Minister and Energy Minister Kakha Kaladze made the regarding statement.Minister explains that, the requests on making various important agreements public become more frequent recently and according to him this is wrong as such agreements contain commercial secrets. Minister of Energy responds to the opposition's demand on summoning him to the Parliament. Kaladze says that he is not going to take part in political shows.
GYLA demands full information about agreement reached with Gazprom
Update Time: 2017-01-18 12:11:00
The Georgian Young Lawyers’ Association (GYLA) demands that the agreement reached with Gazprom Company is made public and full information is provided to the non-governmental organization. The organization will apply to Ministry of Energy in written form today. It will demand making of all official documents public otherwise it will apply to the court.
President evaluates agreement reached with Gazprom
Update Time: 2017-01-17 18:17:00
Georgian energy sector was harmed as well as political and economic interests of the country – this is how Georgian President Giorgi Margvelashvili evaluates the recent agreement reached with Gazprom Company.President said he presumed that Georgia could face more problems in the future. Eka Mishveladze, President’s Press Speaker voiced President’s viewpoint during the special briefing today.
Georgian PM to visit Spain and Switzerland
Update Time: 2017-01-17 16:20:00
Georgian Prime Minister Giorgi Kvirikashvili will leave for Spain and Switzerland with a working visit. Kvirikashvili will take part in Tourism International Exhibition and World Economic Forum in Davos. The visit in Spain will begin with a meeting with General Secretary of World Tourism Organization (WTO). The Georgian delegation also includes Foreign Minister Mikhel Janelidze and Minister of Economy and Sustainable Development Giorgi Gakharia.