Daily Archives: September 30, 2014

Development Finance Corporation to be Established instead of Development Bank

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The Development Finance Corporation will be established instead of the Development Bank, whichwill be  based on the concept of reform of the Partnership Fund. Minister of Economy, Vice  Prime Minister George Kvirikashvil said  after the today’s Cabinet meetingthat  the draft law had been submitted to Parliament and would   undergo significant changes. The idea of creating the Development Bank belongs to Bidzina  ​​Ivanishvili. In his opinion, the Development Bank …

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The Chinese Consider Georgia as Regional Information Technology Hub

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The Chinese plan to develop the new “Silk Road” for introduction of information technologies which envisage turning Georgia into the regional center of information technology. The Chinese are going to strengthen r relations with Azerbaijan, Iran, Turkmenistan, Kazakhstan, Armenia by means of Georgia through which a variety of routes run. …

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Gov’t Temporarily Suspended Issuing of Licenses to Airlines

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The decision was taken by the Georgian Civil Aviation Agency  – in particular, the registration of new airlines wishing to enter the Georgian market has been  suspended until  May as well as an acceptance of registration applications. What was the reason for such a decision, what were the arguments the Agency’s management was …

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