Daily News

IN THIS ISSUE:

Today, Georgia’s Finance Minister Nodar Khaduri met with representatives of Directorate General for Economic and Financial Affairs of EU.

As the Finance Ministry said, the meeting scoped issues of Georgia-EU cooperation, including course of fulfillment of liabilities, undertaken by Georgia under memorandum on macrofinancial assistance, signed with EU.

Budget Office of the Parliament declared that according to draft amendments to the state budget-2015, submitted to the Parliament, receipts to be gained from reduction of nonfinancial assets (i.e. from privatization) are increased by 45 million lari (by 19.1%) up to 280 million lari. The growth is conditioned by growth of receipts to be gained from fixed assets realization, the Office pointed.

If we assume that parameters, planned by the budget-2015, will be fulfilled, than average showing of expenses execution in the last 3 months of the year should exceed one of previous 9 months by 129.9 million lari (i.e. 1.2 times), Budget Office of the Parliament declared, while commenting of draft amendments to the budget-2015, submitted to the Parliament.

At that, the Office pointed that nevertheless this showing of fulfillment is less than showing of the same period of 2014.

It is less probable that fulfillment of plan on tax revenues for 2015 will have any difficulties, the Parliament’s Budget Office declared. However, some deviations in certain types of revenues could still appear, the Office pointed, while commenting on draft amendments to the state budget-2015, submitted to the Parliament.

Tbilisi hosted conference “Climate Change Policy in Georgia” today. Within the conference, Georgia has presented its 3^rd report to the UN Framework Convention on Climate Change.

Among activities, which aimed science development, Center for Civil Involvement marked programmatic funding of research institutes in 2015, referring to data of Education and Science Ministry.

The mentioned funding amounts to 20.9 million lari, which almost 3 times exceeds showing of the past years, the Center noted.

According to latest data of Economy and Sustainable Development Ministry, up to 327 million lari has been invested in 123 enterprises, established within “Produce in Georgia” state program. Number of employed reaches 7,000, the Ministry says.

Pharmaceutical enterprise Ynnovas was opened in Tbilisi (Lilo settlement) today, which got from TBC Bank funding of $2 million within “Produce in Georgia” state program. According to the company, total volume of investments makes up 9 million lari.

International Financial Corporation (IFC, World Bank member) declared about allocation of $7 million to subsidiary of m² Real Estate, provided for construction of 3-star hotel of international brand in Tbilisi. The matter concerns 152-room Ramada Encore Hotel.

Sakartvelos Banki (Bank of Georgia) announced that Galt&Taggart (investment company of Bank of Georgia Holdings) offers now online trading platform jointly with Copenhagen-based Saxo Bank.

To remind, the sides signed agreement on exclusive partnership in Georgia in October.