Daily News July 18, 2018	Days:  16 17 18 19 20

economics

SHOWING OF PORTFOLIO INVESTMENTS IS NEGATIVE AGAIN

National Bank of Georgia reported that showing of portfolio investments in Georgia for the 1^st quarter was negative, making up $56 million in volume. Ratio of this indicator to GDP makes up 1.5%.




IN Q2, INCOME FROM TOURISM INCREASED BY 47% Q-O-Q

National Bank of Georgia reported that income from tourism amounted in the 2^nd quarter to $810 million. If compared with the 1^st quarter, the volume has increased by 47%.




PREPARATION OF CONSTRUCTION PROJECTS AND DEVELOPMENT REGULATION PLANS IN TBILISI COULD BE SUBJECTED TO CERTIFICATION

Expression of architectural planning requirements for objects of the 2^nd, 3^rd and 4^th classes (respectively, with low, average and high risk factor), preparation of construction projects and plans of development regulation could be subjected to certification, Tbilisi Mayor Kakha Kaladze declared at the capital government meeting today. “It is crucial documentation, which requires preparation on highly skilled level”, he noted.




RULE OF MICROFINANCIAL ORGANIZATIONS’ ACTIVITY SUPERVISION AND REGULATION IS APPROVED

National Bank of Georgia approved rule of supervision and regulation of activity of microfinancial organizations. Relevant decree will enter in force on September 1.




IN BORJOMI, PILOT PROJECT OF LOCAL HEATING SYSTEM TO BE IMPLEMENTED

Ministry of Economy and Sustainable Development declared that pilot project of arrangement of local heating system, operating with use of renewable energy sources, will be implemented in Borjomi (Samtskhe-Javakheti region). The project will be implemented through public-private partnership (PPP).

business

REGULATING COMMISSION: MOST PART OF VIOLATIONS, REVEALED UPON PRIMARY CHECK WITHIN “MYSTICAL CONSUMER” PROJECT, IS CORRECTED

The most part of violations, revealed upon primary check within the “mystical consumer” project, is corrected, Georgian National Energy and Water Supply Regulating Commission declared.

Checks of the Commission were conducted in TELASI (Tbilisi energy distributor), KazTransGas-Tbilisi (Tbilisi gas distributor) and GWP (Tbilisi water supply and sewerage company).




“IRAN AIR” BEGINS FLIGHTS BETWEEN ISFAHAN AND TBILISI

Since July 19, Iranian carrier Iran Air begins regular flight between Isfahan and Tbilisi, Georgian Civil Aviation Agency reported. The corresponding permission was issued to the airline on July 16.

society

ISSUES OF FINANCIAL EDUCATION DISCUSSED IN NBG

National Bank of Georgia (NBG) hosted discussions on financial education, in which representatives of public and private sectors took part.

As NBG said, the round table was organized with assistance of the Netherlands’ Finance Ministry and International Network on Financial Education of Organization for Economic Cooperation and Development (OECD/INFE).