THE SPEAKER: THE PARLIAMENT AND BUSINESS SECTOR TO COOPERATE ACTIVELY WITHIN VARIOUS FORMATS
Chair of the Parliament Irakli Kobakhidze declared that the Parliament and business sector will actively cooperate within various formats. “The Parliament will be absolutely open for cooperation with business”, he assured.
ECONOMY MINISTER: PROPERTY EXPROPRIATION FOR ROPEWAY INSTALLATION WAS OUR PERSONAL INITIATIVE
Economy and Sustainable Development Minister Giorgi Gakharia declared that property expropriation for urgent public needs, namely – for installation of ropeway’s stationary facilities, “was our personal initiative”.
The Minister stated the mentioned in response to Georgian Young Lawyers Association’s assumption that the mentioned initiative is related with “Panorama Tbilisi” (project of ex-premier billionaire Bidzina Ivanishvili).
AVERAGE REAL ECONOMIC GROWTH IN Q1 MADE UP 5%
Sakstat published preliminary data, estimating that average real economic growth in the 1st quarter made up 5%.
Of it, in March real GDP growth stood at 5.3%.
ECONOMY MINISTRY: INCOME FROM TOURISM IN Q1 GREW BY 23% Y-O-Y
Ministry of Economy and Sustainable Development reported that revenues from tourism, gained in January-March, made up $435 million. This volume is increased by 23% year-on-year.
GEORGIA AND MOLDOVA AGREED ON ECONOMIC COOPERATION ENHANCEMENT
Tbilisi hosted first meeting of Georgia-Moldova intergovernmental commission on economic cooperation today.
As Georgian Ministry of Economy and Sustainable Development said, the meeting scoped consideration of cooperation enhancement in such fields as transport, tourism, energy, communications and innovation, environment protection, etc.
GEORGIA AND KIRGIZSTAN DISCUSS PROSPECTS OF COOPERATION IN WINEMAKING AND VITICULTURE
Georgian Agriculture Ministry reported that Georgian side considered with Kyrgyz delegation prospects of cooperation in winemaking and viticulture.
The delegation members showed interest in vine growing, as well as Georgian wine and brandy spirits production, the Ministry said.
ECONOMIC POLICY COMMITTEE CHAIR: INSOLVENCY LEGISLATION NEEDS PERFECTION
Chair of the Parliament’s Branch Economy and Economic Policy Committee Roman Kakulia considers that legislation on insolvency necessarily needs perfection.
Gaps of insolvency system were considered at meeting, organized today by the Committee and Business and Economic Center (BEC).
ROADS DEPARTMENT: CONSTRUCTION IS UNDERWAY ON THE SECOND SECTION OF KOBULETI BYPASS ROAD
Roads Department declared that construction works are underway on the second section (18 km) of Kobuleti bypass road.
Within construction of this section, 15 bridges will be built, using new technology at that, the Department noted.
THE GOVERNMENT: QATARI “AL FARDAN GROUP” SHOWS INTEREST IN INVESTING IN GEORGIA
Al Fardan Group, one of the largest Qatari companies, is interested in investing in Georgia. As Georgian government said, the mentioned was declared by the company’s president and CEO Omar Hussain Al-Fardan during today’s meeting with Georgia’s Prime Minister Giorgi Kvirikashvili.
TBILISI BRANCH OF “ZIRAAT BANK” TO CONTINUE OPERATION AS THE BANK
Tbilisi branch of Turkish Ziraat Bank will continue operation from May as full-fledge bank under name of Ziraat Bank Georgia, National Bank of Georgia (NBG) announced. Respective banking license within the mentioned change has been already issued.
REGULATORY COMMISSION LAUNCHED CONSIDERATION OF CLAIM OF “CAUCASUS ONLINE”
Georgian National Communication Commission declared about launch of consideration of claim, submitted by Caucasus Online against MagtiCom, Geocell, Mobitel (Beeline) and SilkNet.
Caucasus Online disputes restriction by the mentioned companies of interconnection service for international calls termination without required preliminary consent of the Commission.