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Monthly Archives: July 2018

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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11.9% of Residents Receive Living Allowances

According to the last report by Social Service Agency, living allowances are issued to 11.9% of residents of Georgia, that is 445 286 persons and 129 342 families. It is noteworthy that the number of beneficiaries is declining since January 2018. In January 2018 the figure was 12.2%. It should …

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Georgian Water and Power is Holding 2nd International Conference

Today, July 27, at the hotel “Rooms”, Georgian Water and Power is organizing a second international conference dedicated to system development of water supply sector. The conference was opened by Giorgi Tskhadadze, General Director of Georgian Water and Power. The participants of the conference were welcomed by the Vice Prime …

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Suspension of Subsidies will Make Winegrowers to Produce Better-Quality grapes

“Suspension of subsidies will make winegrowers and framers to produce better-quality grapes”, Telavi Wine Cellar founder Zurab Ramazashvili told BM.GE. Noninterference of the state will shape healthy competition and real price of grapes, Zurab Ramazashvili noted. “Vintage will not be subsidized and credits will mot be co-financed in the process …

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Timber Import to be Exempted from VAT

“Timber import will be exempted from VAT,” – stated the Prime Minister Mamuka Bakhtadze before the government session. According to him, with this decision, there will be less motivation for cutting trees in Georgia and there will also be certain benefits for lumber and plank export. “We will be intolerant …

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RMG Promotes Bolnisi Wines Popularization

A memorandum of trilateral cooperation was signed between RMG, winemakers union “Wine Bolnisi” and Bolnisi municipality. The aim of the memorandum is to support RMG as the country and region’s large business to support the pupularization of the Bolnisi wines and their further development. Winemakers union ”Wine Bolnisi” was founded …

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