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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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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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