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Economy

Mamuka Bakhtadze: The Main Focus Will be less Bureaucracy

Mamuka Bakhtadze: The Main Focus Will be less Bureaucracy

Mamuka Bakhtadze, candidate of the Minister of Finance promises to have active communication with the business. Former Director of Georgian Railway considers portfolio of the Minster as a great responsibility. He declared that the main focus will be less bureaucracy. “Basic parameters of the budget as well as future expenditures …

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Foreign Trade Turnover Increases

Foreign trade turnover in Georgia in January-October amounted 8566.3 million US dollar (undeclared trade) which is 12.7 percent more than the same period of the previous year. According to GeoStat, export amounts – 2203.1 million USD (29.4% more), as for import – 6363.3 million USD (7.8% more) The negative trade …

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New Mayor Promises to Simplify Issuance of Construction Permits

Kakha Kaladze

Kakha Kaladze, new Mayor of Tbilisi, has met with about 30 representatives of construction and development companies. Besides technical regulations, at the meeting the parties also discussed bureaucratic barriers at Tbilisi City Hall. Issuance of building permits takes a long period, while decisions are made easily in case of distinct …

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EBRD has Increased Georgia’s Economic Growth Forecast

The European Bank for Reconstruction and Development is expecting  (EBRD) 4,5% economic growth in Georgia this year, which is a 0.6% increase compared with previous forecast. EBRD is expecting one of the highest growth in Georgia among Eastern Europe and the Caucasus region. The current year’s forecast for the region …

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Government Approves Changes to Enterprise Georgia Program

Marina Morgoshia

Government of Georgia has made changes to Enterprise Georgia state program. The package of amendments was approved at the November 8 government meeting. After the meeting Marina Morgoshia, head of Enterprise Georgia agency of Ministry of Economy told reporters that the package of amendments will enhance the interest toward the …

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NASA to Explore Caucasus Terrain Degradation Process

The Research Center of Ministry of Agriculture of Georgia has won NASA-announced grant competition. The Georgian research center will implement a joint project with NASA to examine the Caucasus terrain degradation level, based on an analysis of satellite photo materials. The research center will apply NASA-owned Landsat and ESA-owned (European …

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Management Weakness Elimination of the Georgian Transport Industry

In order to highlight Georgian transport industry challenges and make them more tangible, lets draw a parallel to the organization of musical art, in order to see more easier, ways of elimination of management weaknesses. To illustrate nature of problem, let’s see the following example: The concert hall aims to …

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Petroleum Products Imports Increased in Georgia

In October, petrol and diesel fuel imports in Georgia amounted to 97.1 thousand tons, which is 12,4 thousand tons less than the September index and 18,5 thousand tons compared to the last month of October. According to the Union of Petroleum Exporters, the largest volume of petrol and diesel fuel …

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Internal Passenger Transportation Sector Remains beyond Control

The private sector has been long complaining about uncontrolled situation in internal passenger transportation field. In May 2017 Aleksandre Ianvarashvili, head of passenger transportation department of the Land Transport Agency, noted that an active job is being carried out for making amendments to several laws that would improve the uncontrolled …

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