NATIA TURNAVA BECAME ECONOMY MINISTER

Giorgi Kobulia is discharged from the post of Georgia’s Minister of Economy and Sustainable Development and is replaced with his deputy Natia Turnava. Georgian Prime Minister Mamuka Bakhtadze signed the respective order yesterday evening. More...

PRIME MINISTER: AVLABAR RESIDENCE WILL HAVE FUNCTION OF PUBLIC AND MUSEUM SPACE

Avlabar Residence (President Palace, built under Mikheil Saakashvili) will have function of public and museum space, where all citizens of Georgia and all tourists, who arrived to Georgia, will be able to come and to get acquainted with our national treasure, Georgia’s Prime Minister Mamuka Bakhtadze declared.

Bakhtadze pointed that “this building was built with money of Georgian citizens, money of payers, and it has to have public function”. More...

IN JANUARY-MARCH, GEORGIA’S TRADE WITH EU COUNTRIES DECREASED BY 14.9% Y-O-Y

Sakstat reported that Georgia’s trade with EU countries in January-March amounted to $698.1 million. If compared with the same period of 2018, turnover has decreased by 14.9%. More...

IN JANUARY-MARCH, GEORGIA’S TRADE WITH CIS COUNTRIES INCREASED BY 2.4% Y-O-Y

Sakstat reported that Georgia’s trade with CIS countries in January-March amounted to $992.2 million. If compared with the same period of 2018, turnover has increased by 2.4%. More...

IN JANUARY-MARCH, COPPER ORE AND CONCENTRATES WERE STILL IN THE LEAD IN GEORGIA’S EXPORT

Sakstat released estimation, according to which Georgia’s export of copper ore and concentrates amounted in January-March to $135.6 million. If compared with the same period of 2018, the volume has increased by 14.1%. More...

IN JANUARY-MARCH, OIL-PRODUCTS ACCOUNTED FOR 7.6% OF GEORGIA’S TOTAL IMPORT

Sakstat released estimation, according to which Georgia’s import of oil and oil-products amounted in January-March to $150.4 million. If compared with the same period of 2018, the volume has decreased by 19.5%. More...

IN 2018, PROPERTY INSURANCE PREMIUM INCREASED BY 17.9%

Georgian State Service for Insurance Supervision reported that premium, attracted in 2018 in property insurance, totaled to 85 million lari.

The volume has increased by 17.9% year-on-year and made this kind of insurance accounting for 15.7% of total premium, attracted by Georgian insurance companies in the reporting year. More...

IN 2018, CARGO INSURANCE PREMIUM INCREASED BY 43.3%

Georgian State Service for Insurance Supervision reported that premium, attracted in 2018 in cargo insurance, totaled to 8.87 million lari.

The volume has increased by 43.3% year-on-year and made this kind of insurance accounting for 1.6% of total premium, attracted by Georgian insurance companies in the reporting year. More...

IN 2018, TRAVEL INSURANCE PREMIUM INCREASED BY 3%

Georgian State Service for Insurance Supervision reported that premium, attracted in 2018 in travel insurance, totaled to 7.74 million lari.

The volume has increased by 3% year-on-year and made this kind of insurance accounting for 1.4% of total premium, attracted by Georgian insurance companies in the reporting year. More...

GREEK “ELLINAIR” RESUMES SEASONAL FLIGHTS TO TBILISI

Georgian Airports Association declared that Greek carrier Ellinair resumes seasonal flights to Tbilisi. Since May, flights to Tbilisi will be conducted from Thessaloniki and the island of Crete. More...

Forbes Georgia: “NEW DIRECTOR OF “GEORGIAN AIRWAYS” – THE GEORGIAN-AMERICAN EXPERIENCE OF ROMAN BOKERIA”

The magazine reports about appointment of new director general at Georgian air carrier Georgian Airways. Roman Bokeria, who was executive director of the US Miami Red Square Realty for years, is connected also with many projects of Trump International, the article reports. More...

Forbes Georgia: “REFORM OF ACCOUNTING AND AUDIT: FIRST EVALUATION”

The magazine reviews the situation with companies’ obligation to publish financial statements. As the article indicates, it is difficult to name exact number of companies, which are subjected to this obligatory reporting. More...

Forbes Georgia: “INVESTMENTS IN GEORGIA ARE AT THE LEVEL OF 2009”

Foreign direct investments (FDI), made in Georgia in 2018, totaled to $1.2 billion, being at the lowest point for the last 5 years, the magazine says.

The article reports that Sakstat has adjusted data of investments for last years and it turned out that the largest volume, $1.9 billion, was made in 2017. More...

Tabula: “FADY ASLY WON LITIGATION WITH THE JUDGE, WHOM HE CALLED CORRUPTED”

Georgian Supreme Court did not satisfy claim of judge Vladimir Kakabadze against Fady Asly, chairman of Georgian national committee of International Chamber of Commerce (ICC), Tabula reports. The judge submitted a claim in 2017, after Asly named him corrupted. More...

INEQUALITY IN EDUCATION

Human capital development is increasingly seen as the biggest driver of economic growth and the most powerful tool in the fight against poverty (World Bank, 2018). This idea is embodied in the World Bank’s new initiative – Human Capital Project, which is designed to stimulate more and better investment in human capital. More...