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Home / Tag Archives: Mamuka Bakhtadze

Tag Archives: Mamuka Bakhtadze

EBRD to Allocate 28 million EUR for Enguri HPP Rehabilitation

EBRD to Allocate 28 million EUR for Enguri HPP Rehabilitation

On January 5 Government of Georgia and European Bank for Reconstruction and Development (EBRD) have signed an agreement for financing Enguri HPP Rehabilitation Project – Sustainable Development for Climate Conditions. The document was signed by Minster of Finance Mamuka Bakhtadze and EBRD regional director in the Caucasus, Moldova and Belarus …

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Bureaucratic Expenditures to Shrink by 25%

Bureaucratic expenditures will be cut by 25% for the next 3 years, Minister of Finance Mamuka Bakhtadze noted. As a result, Government’s savings will be enlarged to 6.5% in GDP by 2012, up from 2.6% of 2016. “If we discuss government positions, we should analyze the current achievements in this …

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Mamuka Bakhtadze: Revenue from tourism has doubled in the last 5 years

Minister of Finance Mamuka Bakhtadze emphesized the revenue received from tourism during his presentation of the 2018 state budget. In recent years, tourism has become one of the most important driving force in the Georgian economy and has become the key component of the current account expenditure, the revenues from …

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Baku-Tbilisi-Karsi Railroad is Part of Silk Road, not Competing Section

Baku-Tbilisi-Karsi railroad is a part of Silk Road, not a competing section”, Minister of Finance Mamuka Bakhtadze noted before the Silk Road Forum commencement. “More than 2 000 delegates are taking part in the Silk Road Forum. All serious companies or players in East-West corridor are participating in the Forum. …

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State Budget to Transfer 60 million GEL to Tbilisi City Hall

Tbilisi City Hall will receive additional 60 million GEL from the state budget in 2018. The budget parameters were discussed by Tbilisi Mayor Kakha Kaladze and Minister of Finance Mamuka Bakhtadze at the Ministry of Finance. “Today we met with Tbilisi Mayor. The City Hall plans to implement many important …

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Davit Peradze Became General Director of Georgian Railway

Davit Peradze Became General Director of Georgian Railway

Supervisory Board of Georgian Railway approved Davit Peradze’s candidacy for vacant position of General Director at “Georgian Railway”. Davit Peradze was occupying position of Director of “Mtkvari HPP Ltd” in the Co-Investment Fund of Georgia. Davit Peradze worked on the various positions in “Georgian Railway” from 2004 to 2007 within …

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Ministry of Finance to Introduce Automatic System for VAT Repayment

Ministry of Finance to Introduce Automatic System for VAT Repayment

Minister of Finance Mamuka Bakhtadze plans to introduce an automatic system of VAT repayment. Businessmen should receive excessive VAT back in 5-7 days after submission of an electronic application, he noted. “This signifies that our businessmen will mobilize about 500mln GEL in addition”, Mamuka Bakhtadze said. Zurab Lalazashvili, BDO managing …

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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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