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Monthly Archives: July 2017

A Unified Government Space in Georgia

Tsotne Zhghenti

Interesting novelty, the government of Georgia is going to build unified government space in Ortachala district in Tbilisi. Firstly, let us define what is meant by the term “government size.” This term has both a broader and narrower meaning. In the broader sense, this refers to the state and everything …

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Violent Drug Policy Harms State Budget

Over the past months government members started active discussions on revision of current drug policy in the country. Prime Minister Giorgi Kvirikashvili and vice Prime Minister Kakha Kaladze made emphasis on necessity of revision of the current drug policy and urged the Parliament to accelerate process of adopting legislative amendments. …

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Gross External Debt Of Georgia Amounted to $15.7 billion

The gross external debt of Georgia amounted to 15.7 billion USD (38.3 billion GEL) as of 31 March 2017, 108.2 percent of the last four quarter GDP. During the first quarter of 2017 the gross external debt of Georgia increased by 188.9 million USD. Out of that 148.0 million USD …

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International Investment Position Of Georgia

The net international investment position (IIP) of Georgia amounted to -20.8 billion USD (-50.9 billion GEL) for March 31 2017, accounting for -143.8 percent of the last four quarter GDP. Net IIP deteriorated by 1.2 billion USD compared to the previous quarter. International assets amounted to 7.7 billion USD (18.9 …

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BGEO Differentiates Banking and Investment Businesses

BGEO Group has released a statement on separation of banking and investment businesses. Namely, Bank of Georgia and the group’s investment business will be shaped separately. Previously, BGEO Group unites both Bank of Georgia and the investment business. The latter direction unites Georgian Healthcare Group, Georgian Global Utilities (owner of …

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Georgian Manganese Wins Tax Dispute against Government

A private entity has won a tax dispute against Government of Georgia at Kutaisi Court of Appeals. The court discussed legal grounds of 200 million GEL fine imposed by Revenue Service on LLC Georgian Manganese after tax audit in 2015. Chamber of Administrative Affairs of Kutaisi Court of Appeals passed …

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