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Monthly Archives: June 2018

Gross Domestic Product of Georgia I quarter, 2018

GDP Geo

In Q1 2018 the real growth rate of Gross Domestic Product (GDP) amounted to 5.3 percent year-on-year, while the GDP deflator increased by 4.3 percent. The nominal GDP totaled GEL 9 150.2 million. Real growth was registered in the following activities: Real Estate, Renting and Business activities (13.4 percent), Other …

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Rikoti Pass Project Postponed to 2022

The Rikoti Pass project’s implementation has been postponed to 2022, Maia Tskitishvili, the nominee for the position of Minister of Infrastructure noted during her speech before the Parliament. The project deadlines have been revised by several years, she added. “The Rikoti project will be implemented in four lots. The Rikoti …

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SALIO to Hold Concert at The Biltmore Hotel Tbilisi’s Azura

The Biltmore Hotel Tbilisi‘s newly opened Azura bar will host SALIO‘s concert on June 29th. Event is organized by MBN and The Biltmore Hotel Tbilisi and will start at 08:00 pm. The garden and bar “Azura” is located in “Biltmore Tbilisi” and it is just in one step from the Biltmore …

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Education Ministry to Authorize Universities only with High Academic Standards

Mikheil Chkhenkeli

“We have an ambition to develop a world-class higher education system at Georgian universities. Universities only with high academic standards will receive authorization,” acting Minister of Education, Mikheil Chkhenkeli, said. This year, 26 universities will have their quality standards confirmed. Besides Georgian specialists, European experts have also engaged in the …

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Government Size to Decline to 4.2% of GDP

The Government size will decline to 4.2% of GDP by the end of 2018, Mamuka Bakhtadze, a nominee for the Prime Minister’s position, told reporters. “The concept of a small government does not imply only a reduction of quantity of Ministries. This concept also determines the small government’s ratio in …

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New Government to Have 11 Ministers Instead of 14

“The number of Ministries will shrink,” the nominee for the Prime Minister’s position told reporters. He also urged the Parliament of Georgia to implement new government approval procedures in the shortest period possible. “In several days the Parliament will approve the new government and its program. A key principle of …

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