Daily News

IN THIS ISSUE:

Fitch Ratings forecasts that Georgia’s real GDP growth in 2018 will make up 5.2%, in 2019 – 4.9%, in 2020 – 4.7%.

The forecast was presented at the annual conference of Fitch Ratings, which was held to Tbilisi today.

Georgia’s Prime Minister Mamuka Bakhtadze will depart on September 16 with official visit to the US.

“We expect considerable results from this visit that will shift relations with our strategic partner to even higher level”, the Premier declared at the news briefing today.

New bill “On Entrepreneurship” is drafted, which will be submitted to the government for consideration until end of October, report on course of fulfillment of the government program for 2018-2020 indicates. The report points that the draft bill underwent regulation impact assessment (RIA).

Report on course of fulfillment of the government program for 2018-2020 indicates that work on the draft bill “On Private Accumulative Pension System” is underway. According to the report, the draft will be submitted to the Parliament during autumn session of this year.

Georgia’s Prime Minister Mamuka Bakhtadze declared that the limit, within which credit must be taken in lari only, increases from 100,000 up to 200,000 lari. The government considers expedient to extend this policy to leasing too, he noted.

Report on course of fulfillment of the government program for 2018-2020 indicates that consultations with international institutes are underway on financing of various investment projects/programs. The report was presented in the Parliament on September 10.

Georgia’s Minister of Economy and Sustainable Development Giorgi Kobulia declared that Georgia has very high potential of subsoil development. “For now, we plan binding of specific investment projects and attraction of investors”, he said.

The government adopted regulations, which gradually ensure maximal removal of one-time (plastic) bags from usage, Georgia’s Prime Minister Mamuka Bakhtadze declared at the news briefing today. The regulations will enter in force on October 1.

Georgia’s Prime Minister Mamuka Bakhtadze stated that “After ruling of the Constitutional Court in connection with marijuana consumption, there is the new legal reality – consumption of marijuana in personal space is considered neither crime nor administrative offense any more”.

“After publication of this ruling, I charged to the Interior Ministry to draft respective bill, which would create very strict frameworks for prohibition of marijuana consumption in public space”, the Premier before declared the government meeting today.

TI Georgia, Georgian branch of Transparency International, indicates that financing of general (school) education in Georgia increased in 2018 almost twice in comparison with 2011.

Despite this, quality of school education still remains at critically low level that is confirmed by international researches and official statistics, the organization declares.