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Number of creditors increases
Update Time: 2017-02-14 20:39:00
The number of creditors at the registry has increased by 20 thousand for the last 6 months. More than 191 thousand people have the problem of covering their debts. There are many citizens who failed to pay administrative fines or other debts and may face loss of property. Representatives of non-governmental organization “Public and Banks” believe that the increased number is the result of difficult social conditions and low rate of economic growth in the country. 
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Results of increase of excise tax on tobacco products
Update Time: 2017-02-07 20:42:00
The price of tobacco has increased by 15.5% in the last month due to increase of excise tax. The index of realization has slightly decreased. However, consumers tend to choose law-price products. The risks smuggled cigarettes’ import increased. Control on smuggling is tightened. 
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Increase of inflation rate and consumer prices
Update Time: 2017-02-03 12:25:00
Inflation rate has increased by 4% in January, Statistics National Department reports. Prices on various products increased by 2, 9 percent in comparison to December.Prices for vegetables increased by 22%, fruits – 9%, dairy products and fish – 3%, meat – 2%. The National Bank of Georgia (NBG) expects stabilization of consumer prices starting the second half of the year. 
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Will Beeline ensure telecommunication service of state agencies?
Update Time: 2017-02-01 20:30:00
Beeline was the only company, which participated in the tender announced for provision of telecommunication service of state agencies. The tender ended on February 1. However, Communications Regulation Commission says that Beeline does not meet tender conditions. The company's Director General says they meet all the conditions required by the tender. “We are the only applicant. We are very glad that we will provide the best service to the state. We will do everything to ensure that the authorities are provided with a very high-quality, professional services”, - Giorgi Tkeshelashvili said.As for the statement of the Communications Regulatory Commission, according to which, Beeline cannot meet the tender conditions, in particular, the company cannot provide 3G services across the country, Tkeshelashvili replied by saying that this is not required by the tender and none of the companies can provide such a service in Georgia.
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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.
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Fuel price increases
Update Time: 2017-01-28 20:37:00
Fuel price has increased in Georgi. The cost increased by 10-14 Tetri at average at petrol stations. Specialists link the fact to the increase of excise tax and exhaust of old storage. 
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NBG increases re-financing rate
Update Time: 2017-01-25 16:20:00
The National Bank of Georgia (NBG) increased re-financing rate to 6.75%. The bank said that due to increase of excise tax on carious products, inflation will exceed 4% and the decision is based on this prognosis. 
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Zurab Chiaberashvili says that both export and import is decreased in Georgia
Update Time: 2017-01-21 16:10:00
Zurab Chiaberashvili, a member of European Georgia parliamentary faction claims that both export and import are decreased in Georgia to the level of 2011. Chiaberashvili brought to the attention the report published on January 20 by Statistics National Department which talks about foreign trade. According to Chiaberashvili, the government carries out incorrect policy and the only way out of economic crisis is reduction of taxes.  
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European Georgia faction demands holding of debates in parliament
Publish Time: 2017-01-20 12:23:00
The parliamentary European Georgia faction demands holding of debates in supreme legislative body over the agreement concluded with Gazprom Company by the Georgian government. Sergo Ratiani, MP, said that since Kakha Kaladze, Energy Minister did not arrive in parliament upon request, members of the parliamentary majority will have to answer questions about the agreement.
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Opposition demands publicizing information about agreement reached with Gazprom
Publish Time: 2017-01-19 16:05:00
Opposition still raises the  responsibility issue of the Minister of Energy Kakha Kaladze and demands that the agreement reached with Gazprom Company is made public.National Movement has prepared the text of the resolution, which will be put to a vote in the Parliament. The member of Alliance of Patriots criticizes the document and talks about threats.Parliamentary majority claims that the government did its best during the negotiations.Georgia will receive money in return to transit of natural gas from Russia to Armenia. Members of Cabinet of Ministers decided to accept the offer and conclude a corresponding agreement. Georgia’s Vice Prime Minister and Energy Minister Kakha Kaladze completed negotiations with the leadership of Gazprom-Export Company during his working visit to Minsk, Belarus. As it is known, at present Georgian side gets 10% of the total volume of the natural gas transited to Armenia through Georgia.
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Prime Minister is visiting Davos
Publish Time: 2017-01-19 09:50:00
Georgia’s Prime Minister Giorgi Kvirikashvili is visiting Davos. Kvirikashvili will deliver a speech at the panel dedicated to Silk Road Project.Georgia’s Ministers of Foreign Affairs and Economy, as well as head of the Co-Investment Fund Giorgi Bachiashvili are in Davos as well.Within the framework of the Economic Forum Kvirikashvili will hold meetings with representatives of business companies.  Bilateral meetings with European leaders will be held as well.
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Giorgi Kvirikashvili meets with King Felipe VI of Spain
Update Time: 2017-01-18 12:21:00
Georgian Prime Minister Giorgi Kvirikashvili has met with King Felipe VI of Spain, the Governmental Administration reports. The discussion involved the International Tourism Fair scheduled to open today. Attention was paid to the tourism industry as one of the most important socioeconomic sectors. During the meeting, the Prime Minister of Georgia spoke of Georgia's growing tourism potential and stated that, in 2016, some 6.4 million guests visited the country, and the tourism revenues exceeded two billion USD. The meeting at the El Pardo Palace was attended by UNWTO Secretary General Taleb Rifai. After the meeting, the inauguration of International Year of Sustainable Tourism for Development was held at the royal palace, attended by representatives of the global political and economic communities. In his speech delivered at the event, the UNWTO Secretary General once again spoke of Georgia. According to him, Georgia is a brand associated with a beautiful country and wonderful people. The guests were addressed by King Felipe VI of Spain who wished them success. 
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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. 
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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. 
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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. 
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Larization of credits to begin starting today
Update Time: 2017-01-17 12:10:00
Transformation of bank credits taken in USD into Georgian national currency Lari will begin starting today. Those who took loans before 2015 through ensuring it with real estate property will be able to transform credit into Lari with 0.20 GEL less per one USD. There are limitations. The difference of 0.20 GEL refers to those credits, which do not exceed 40 thousand USD. The process will continue until March 17. 
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Parliamentary opposition summoning Energy Minister to parliament
Publish Time: 2017-01-17 10:17:00
Members of the government are obliged to attend a faction session and answer the questions raised there, parliamentary oppositional MPs claim. The above-mentioned is envisaged in the Rules of Procedures of the Parliament of Georgia, on the basis of which, the parliamentary minority summoned Energy Minister Kakha Kaladze to a joint session of the minority factions.As the Parliament Vice-Speaker Sergo Ratiani said at the bureau session, they have already submitted a letter the Deputy Prime Minister and Minister of Energy Kakha Kaladze.The parliamentary minority wants to get detailed information about the Gazporm issue from Kakha Kaladze.
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Experts evaluate government’s plan differently
Publish Time: 2017-01-17 10:07:00
Georgian experts have different viewpoints about the government’s plan elaborated with purpose of stabilization of national currency Lari. Some experts believe that the plan will have positive effect on the banking sector. Another part of analysts thinks that the population will not benefit from the plan due to instability of GEL. 
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Government expects stabilization of GEL through Larization of credits
Publish Time: 2017-01-17 10:06:00
The program of transformation of bank credits taken in USD into Georgian national currency Lari that begin starting today aims at stabilization of GEL, parliamentary majority presumes.  The ruling team says that the process will be monitored and making of corrections into law is not excluded. The opposition is skeptic about the program. Members of the United National Movement (UNM) Party claim that Larization will create additional risks for the banks. Opposition urges the government for reduction of bureaucratic expenses. 
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Memorandum of Understanding signed
Update Time: 2017-01-16 16:28:00
Georgia and China are enhancing cooperation under the One Belt, One Road project, as the Memorandum of Understanding between the Government of Georgia and CEFC China Energy Company Limited was signed today at the Administration of the Government. The document was signed by Giorgi Gakharia, Minister of Economy and Sustainable Development of Georgia and Zhang Yuzhuo, CEO at China Energy Company Limited. The signing ceremony was attended by Georgia's Prime Minister Giorgi Kvirikashvili.The goal of the memorandum is to encourage the realization of the potential of the New Silk Road through the implementation of joint initiatives, under which the purchase of 75% of the shares of the Poti Free Industrial Zone by CEFC China Energy Company Limited is being considered.The company plans further to develop the Poti Free Industrial Zone through sharing the best practices of China's developed industrial zones and attracting investments in the development of processing, modern technology, warehouse management, and logistics.
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