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Government Sold 97 949 476 GEL State Properties in 2017

Government Sold 97 949 476 GEL State Properties in 2017

In 2017 Government of Georgia received 97 949 476 GEL revenues from sales of state property. According to National State Property Agency, 1897 electronic auctions were announced in 2017 and the highest bid was recorded for the state property in Tsikhisdziri – 13 650 000 GEL. The new owner plans …

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Essence of Contributory Pension Reforms

Essence of Contributory Pension Reforms

Georgia  to Launch Pension System reformation in 3Q18. Government of Georgia plans to launch contributory pension reform implementation in the third quarter of 2018. Ministry of Economy has already published the corresponding bill. If the system comes into force, the special pension fund will manage the mobilized funds, accrue interest …

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2018 State Budget Allocations for Ministries

Ministry of Finance of Georgia published the 2018 state budget bill, under which total budget expenditures will rise by 949mln GEL as compared to 2017. Major growth in budget funding is provided for Ministry of Regional Development and Infrastructure – 572mln GEL. The funds will be mainly spent on road …

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The 10 Most Serious Problems in the World, According to Millennials

The 10 Most Serious Problems in the World, According to Millennials

For the third year in a row, millennials who participated in the World Economic Forum’s Global Shapers Survey 2017 believe climate change is the most serious issue affecting the world today. Nearly half (48.8%) of the survey participants chose climate change as their top concern, and 78.1% said they would be willing …

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Government to Postpone Tobacco Packing Bill Enactment for 5 Years

The term for implementing legislative regulations for standardized packing of tobacco products will be postponed, namely: Government of Georgia will be obliged to reschedule an approval of tobacco products sales and packing standards for July 1, 2022, instead of July 1, 2017. Under the changes, the 31st December of 2022 …

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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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