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Governmental sitting being held
Publish Time: 2017-07-21 18:07:00
The sitting of Georgian Cabinet of Ministers is being held at Governmental Administration. Prime Minister Giorgi Kvirikashvili stressed on several issues including Law on Mountainous Areas and construction of a new terminal at Kutaisi Airport. There are 37 issues for discussions as per the working agenda.
Conference within the framework of Ambassadorial 2017
Publish Time: 2017-07-21 10:20:00
A conference about economic diplomacy is being held within the framework of Ambassadorial 2017 in Tbilisi. Representatives of executive authorities and business circles and Georgian Consuls abroad are participating in the conference. The conference aims at enhancement of trade-economic relations with partner states, attraction of foreign investments, boosting Georgian export and diversification of export markets. Participants will also discuss ongoing reforms in tax sphere.
Tariff for consumption of natural gas increases
Publish Time: 2017-07-18 16:17:00
The tariff for consumption of natural gas will increase in Tbilisi by 0.5 Tetris and by 11 Tetris in regions of Georgia. The tariff for consumption of 1 cubic meters in Tbilisi will be 46.153 Tetri and in regions – 57 Tetri. The Georgian National Energy Regulation Company (GNERC) held a sitting today 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.
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.
Gas tariff for consumers will be known tomorrow
Update Time: 2017-07-17 18:19:00
Gas tariff has increased for the transportation company. According to the decision made by the Georgian Energy and Water Supply Company, the new tariff will be 1.884 GEL per cubic meter.The tariff will be in force including December 31, 2018. Gas tariff
Gas transportation tariff increased
Update Time: 2017-07-17 16:16:00
Gas tariff has increased for the transportation company. According to the decision made by the Georgian Energy and Water Supply Company, the new tariff will be 1.884 GEL per cubic meter.The tariff will be in force including December 31, 2018.
GNERC discusses the possible increase of gas tariff for transportation company
Publish Time: 2017-07-17 12:18:00
Georgian National Energy and Water Supply Regulatory Commission discusses the possible increase of gas tariff for transportation company. Gas Transportation Company addressed to GNERC to overview the tariff in 2017.
Agriculture Minister visits fish procession factory
Update Time: 2017-07-15 16:15:00
Levan Davitashvili, Minister of Agriculture visited fish procession factory opened within the framework of United Agriculture Project together with Shida Kartli regional governor this afternoon. The factory produces 150 tons of various fish produces every year. Thirty people are employed at the factory. The products are sold on local market. Their export is planned for the future.
President of European Investment Bank met Georgia's Prime Minister
Publish Time: 2017-07-13 16:13:00
The President of European Investment Bank held a meeting with the Prime Minister of Georgia Giorgi Kvirikashvili.The discussion was focused on ongoing projects funded by the European Investment Bank and Georgian government’s four-point plan of reforms.The special focus was on the country's macroeconomic indicators, direct foreign investments, positive trends in tourism and economic growth.In his speech, the Prime Minister emphasized the favorable investment environment in Georgia.The investment projects in the public sector financed by the European Investment Bank amount to a billion Euros.
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.
National Movement faction to present new legislative initiative
Publish Time: 2017-07-11 12:17:00
The National Movement faction will present a new legislative initiative in the parliament regarding making changes into Budgetary Code. Roman Gotsiridze, Chairman of the faction explains that the proposed amendments envisage reduction of limit amount of Presidential and Governmental reserve funds to from 2 to 1% of state budget. The change aims at elimination of practice for unplanned expenditure by the government from state budget bypassing the parliament.
Cereals storage enterprise opened in Sighnaghi
Update Time: 2017-07-08 16:25:00
A new enterprise with capacity to store up to 6 thousand tons of cereals was opened in Tibaani village, Sighnaghi district of eastern Kakheti region. The enterprise began functioning within the framework of “United Agriculture Project. The production is sold on domestic market. Seven people are employed in the enterprise. Deputy Agriculture Minister and Kakheti Regional Governor visited the place today.
Shuakhevi HPP project completed
Publish Time: 2017-06-25 12:24:00
The construction of the largest Hydro Power Plant in Georgia, Shuakhevi HPP project has been completed.The power plant generates 450 gigawatts / hour power and reduces greenhouse gases by more than 200,000 tons a year.Georgia’s Prime Minister Giorgi Kvirikashvili has attended the solemn ceremony on the occasion of completion of the construction of Shuakhevi HPP.
PM opens non-alcoholic beverages enterprise in Guria
Update Time: 2017-06-24 16:08:00
Prime Minister Giorgi Kvirikashvili opened “Raukhi,” a non-alcoholic beverages and juices enterprise in Nabeghlavi village of Guria region today. He said that opening of such high-standard enterprises in the country was especially emotional. The investment value of the enterprise is 40 million Euro. The project was carried out with co-participation of European Bank for Reconstruction and Development (EBRD) and Austrian and Swiss partners.
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.
Asian Infrastructure Investment Bank to finance Batumi by-pass road construction
Update Time: 2017-06-17 16:33:00
The Asian Infrastructure Investment Bank (AIIB) will finance construction of Batumi by-pass road. The agreement was signed on June 17 during the annual meeting of Board of Directors ongoing in South Korea. Dimitri Kumsishvili, First Vice-Prime Minister and AIIB President signed the agreement. A total of USD 114 million will be allocated for co-financing of the project, which aims at lessening traffic from transit transport in Batumi.
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.
Prime Minister: Constitutional amendment about land alienation directly echoes the demands of the largest majority of our citizens
Publish Time: 2017-06-08 12:24:00
We have made a decision to address to the Constitutional Commission in order to add a passage in the Constitution according to which the Georgia’s agricultural land plots will not be sold to those having no Georgian citizenship, - Georgia’s Prime Minister Giorgi Kvirikashvili made the regarding statement at the government session today.According to Kvirikashvili, the decision was made through consultations, in which the government members and the parliamentary majority participated.Fixing land alienation issue in the Constitution directly echoes the demands of the largest majority of our citizens - Kvirikashvili said.
Renewed 5 GEL banknotes to be put in circulation starting September 1
Publish Time: 2017-06-07 12:00:00
The National Bank of Georgia (NBG) will release and put into circulation 5 GEL renewed banknotes starting September 1, 2017, - National Bank President declared at a press-conference today. “Renewing process of national currency continues. New 5-GEL ones will be added to the 20, 50 and 100 GEL banknotes. The renewed 5 GEL will be used from September 1 together with old ones,” he said. As reported, Bacha Malazonia is the 5 GEL designer.
IMF Executive Director – Georgia’s economy may develop faster than planned
Publish Time: 2017-06-06 15:13:00
As first indicators show at this moment, the International Monetary Program is successfully underway and the economy may develop faster than it is planned, - Anthony De Lannoy, IMF Executive Director declared after a meeting with Georgia’s Finance Minister Dimitri Kumsishvili. According to Georgia’s Finance Ministry, the IMF CEO is holding a business visit to Georgia. The parties have referred to the three-year cooperation program as well as existing progress. ‘It has been remarked that the fund program, unanimously approved by International financial organization’s board on April 12, 2017 is based on the four-point plan of Georgia’s government. It has also been emphasized that the issues envisaged by the program are implemented without any obstacle and according to the plan,’ Ministry reports.
2017-07-22 15:05:00 | 1TV
Consultations between Majority and Opposition over Constitutional Changes to be held