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Daily Archives: July 30, 2018

Agricultural Land Reform as a Hindering Factor of Business

As it is known, after the presidential election of 2018, the Constitution of Georgia will be amended to amend new regulations regarding agricultural land ownership. Irakli Gaprindashvili, managing partner of GLCC Law Firm, responds to our questions regarding these amendments. – Mr. Irakli, what fundamental changes do the part of …

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ENRD Supports Georgia in Establishing National Rural Development Network

Up to 35 representatives of the Georgian Local Action Groups from different municipalities, ENPARD partner NGOs, the Government and international experts took part in the training workshop about EU rural networks held in Batumi on 26-27 July. The workshop was organised by the United Nations Development Programme (UNDP) with the …

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Rapid Estimates of Economic Growth in Georgia

The estimated real Gross Domestic Product (GDP) growth rate in June 2018 amounted to 4.0 percent y-o-y. An average estimated real GDP growth equaled 6.0 percent for the Q2 2018 and 5.7 percent for the first half of 2018 y-o-y. In June 2018 the estimated real growth, compared to the …

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Innovative Window Made in Georgia

Vano Chkhaidze created an innovative window, which is filled with white fluid, and serves as a curtain function when rotated. “The main security of the patent is the simplicity of its idea,” says the author of the invention. Under the cooperation of Georgian inventor and Japanese companies, it is possible …

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Business Ombudsman’s First Six Months in Office – What are the challenges of business sector?

Irakli Lekvinadze

Irakli Lekvinadze: “Georgia has positive business environment compared to the countries in our region and international rating companies also recognize this”. Business Ombudsman of Georgia Irakli Lekvinadze has introduced a new web-portal to the private sector representatives. The portal (www.portal.businessombudsman.ge) will assist businessmen in resolving issues for attracting new investments …

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Insured Deposits Exceed 1.5 billion GEL

Insured deposits at commercial banks constituted 1 251 774.70 GEL, which were paid by commercial banks in July 2018. According to Deposits Insurance Agency, as of June 39, total amount of deposits at commercial banks made up 20 419 077 133 GEL, including retail deposits of 10 842 231 644 …

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