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Daily Archives: January 22, 2019

EU to Fund Kutaisi Airport Cargo Terminal Construction by 61.5 million EUR

A cargo terminal will be constructed at Kutaisi International Airport as part of the Trans-European Transport Network investment action plan . Under this program, EU will fund the cargo terminal construction by 61.5 million EUR. It is noteworthy that the new passenger terminal construction works are underway at Kutaisi International …

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First Phase of Technology University Construction Works to End in August 2020

The first phase of construction of  Technology University will be finished in August 2020, while starting September the University will receive first students, Cartu Fund projects director Vakhtang Tsagareli told BM.Ge. More than 200 workers are employed on the construction site, he added. After completion of the first phase, the University …

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Cardano Blockchain Tbilisi to Take Place at Techno Park

On January 26th, Georgia’s inaugural Cardano Meetup will take place at the Tbilisi Techno Park, in beautiful Tbilisi. This event is organized and sponsored by the Ministry of Economy and Sustainable Development of Georgia and Georgia’s Innovation and Technology Agency. The event at the TechnoPark will feature some of the …

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Expert’s Opinion: Kutaisi City Hall May Have Embezzled 1 643 197 GEL

The Kutaisi Today has published a conclusion by Levan Samkharauli Forensic Bureau, under which the Kutaisi municipal budget spent over 1.6 million GEL on arranging social residential facility without substantiation, when Shota Murghulia was Kutaisi Mayor. As a result, huge financial loss was inflicted to Kutaisi City Hall. The issue …

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List of Topics in Focus at Ongoing World Economic Forum in Davos

The 49th World Economic Forum, known as the Davos Forum, began today on January 22 in the Swiss district of Davos-Klosters. For four days politicians, businessmen, and representatives from social and cultural organizations will gather to discuss global problems and identify solutions. This year, the forum will place special emphasis on …

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Georgia’s Foreign Trade Turnover Up 17 Percent in 2018

In 2018 Georgia’s foreign trade turnover  (without undeclared trade) amounted to USD 12 484.4 million, which is 17.0 percent more  than in the previous year. Exports amounted to 3 362.1 million (+22.9%), imports – 9 122.3 million (+ 14.9%). The negative trade balance amounted to $ 5 760.2 million and made 46, 1% of the total …

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Shaping the Future of Democracy in Armenia

Following article is part of World Economic Annual Meeting: The changes that took place in Armenia last year are indeed historic in nature and magnitude. The Velvet Revolution led to the triumph of democracy in our country. The popular movement was based on a wide consensus embraced not only by …

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Prime Minister to Participate in World Economic Forum in Davos

Georgian Prime Minister will participate in the World Economic Forum in Davos on January 22-25. The visit involves high-level meetings and negotiations with business leaders and the executives of the world’s largest companies. According to the Head of Government, one of the key goals of said meetings under the WEF …

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CEO Confidence in Growth Dips Dramatically

What a difference a year makes. Nearly 30% of business leaders believe that global economic growth will decline in the next 12 months, approximately six times the level of 5% last year – a record jump in pessimism. This is one of the key findings of PwC’s 22nd annual survey …

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NGO’s Ungrounded Position: Pension Reform Sued at Court

On July 27, 2018, the Parliament of Georgia adopted a law on contributory superannuation in a third hearing, and 79 votes. The basic part of the law came into force on January 1, 2019. As a result, citizens under 40 years of age are obliged to pay pension taxes to …

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