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Government Charges Georgian Manganese 416 mln GEL for Environmental Damages

Government Charges Georgian Manganese 416 mln GEL for Environmental Damages

Special manager is assigned at “Georgian Manganese” for 3 years, before May 9, 2020. During this period, Mr. Nikoloz Chikovani must ensure consistent and timely performance of license conditions, as well as the company’s continuous activities. News Agency GBC also learned that the Ministry of Environment charges “Georgian Manganese” environment …

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The Government is Preparing for Free Trade with India

The Government is Preparing for Free Trade with India

The government is preparing for Free Trade Agreement with India. Georgian Prime Minister has announced on implementation of preliminary research at the government session on Thursday, – “which will estimate all factors and potentials, which are related to the Free Trade Agreement” and should be ready in several months. Delegation …

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Beeline Recommends the Government to Open the Corporate Market

Beeline Recommends the Government to Open the Corporate Market

“Beeline” (LLC Mobitel) protests change of corporate procurement conditions of mobile network for the state agencies. According to the company, the service procurement conditions are corrected so that “Beeline” can no longer meet them. “It has been prompted to cover 55% of the country’s territory by 3G network. Beeline covers …

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Back to the Past- National Bank Regains Supervision over Finance Sector

At the end of February Government decided to return finance sector supervision functions to National Bank of Georgia (NBG). However, as a matter of fact, NBG had not lost supervisory functions in practice, despite in 2015 Parliament approved amendments to the Law on Commercial Banks, under which finance sector supervision …

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Government Prepares Special Presentation for EBRD’s Annual Meeting

Government Prepares Special Presentation for EBRD’s Annual Meeting

Georgian government prepares presentation of investment opportunities for EBRD’s annual meeting, which will be held in Cyprus in May, 2017. Finance Minister Dimitri Kumsishvili has declared about that at the meeting held with Bruno Balvaner, Regional Director of EBRD. According to Bruno Balvaner, merely several countries will be given presentation …

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Opinion: A Guide to the Seven sins of Overreaching Government

Even banal things can benefit from regulation, but regulators do sometimes make basic conceptual errors There are many good reasons to have regulations. They create the standards and rules that govern a marketplace, give consumers confidence, keep rogue traders at bay and make sure things that should fit together — …

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Former PM of Georgia Published a Book on Economic Reforms

Founder and managing partner of Reformatics and former Prime Minister of Georgia, Mr. Nika Gilauri, published a book Practical Economics: Economic Transformation and Government Reform in Georgia 2004-2012. The book describes the experience which has basically transformed state management system of Georgia. “Why has been the book written? I have …

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At Full Speed to Recession

In December 2016 Economic Growth Rate Saw 0.3% Historical Bottom According to preliminary estimations, in December 2016, as compared to the same period of 2015, GDP real growth pace made up 0.3%. As to the 4th quarter of 2016, GDP growth rate marked 1.2%, Geostat, the national statistics service of …

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