GEORGIAN PREMIER AND EUROPEAN COUNCIL PRESIDENT DISCUSSED GEORGIA’S EUROPEAN INTEGRATION PROCESS

Today, Georgia’s Prime Minister Irakli Garibashvili met with European Council President Charles Michel.

At the meeting, which held in Dubai (UAE), the parties discussed Georgia’s European integration process and agenda of the reforms, administration of the Georgian government reported. More...

GEORGIAN DEPUTY ECONOMY MINISTER: DIVERSIFICATION OF TRANSPORT ROUTES IS CRUCIAL FOR INCREASE OF SUPPLY CHAINS’ SUSTAINABILITY AND FLEXIBILITY

Diversification of transport routes is crucial for increase of sustainability and flexibility of the supply chains, declared Gennady Arveladze, Georgia’s Deputy Minister of Economy and Sustainable Development. In this context, the importance of the Middle Corridor, as a viable alternative for connecting Europe and Asia, is increasing even further, he pointed out. More...

DEADLINE FOR FULFILLMENT OF REQUIREMENTS ON REGISTRATION DATA UNDER THE LAW “ON ENTREPRENEURS” IS POSTPONED

On November 30, Georgian Parliament considered and adopted in accelerated mode amendment to the Law “On Entrepreneurs” (82 votes pro).

According to the amendment, enterprises registered before January 1, 2022, are given the opportunity until April 1, 2025 to ensure compliance of their registration data with requirements of this law. More...

FEE FOR CRUSHED STONE EXTRACTION INCREASES 3 TIMES

On November 30, Georgian Parliament considered and adopted in accelerated mode a legislative amendment, which envisages change of the fee for extraction of specific earth resources.

The corresponding amendment to the law “On Fees for Use of Natural Resources” was supported by 81 MPs. More...

FOR ACADEMIC YEAR 2023/2024, NUMBER OF ELEMENTARY SCHOOLS DECREASED BY 6

By the beginning of academic year 2023/2024, there were 2,296 general education institutions (elementary schools) in Georgia, Sakstat reported. Since the previous academic year, the number of schools has decreased by 6. More...

NBG TO START ISSUING GOLD CERTIFICATES AND SELLING GOLD BARS

On December 4, National Bank of Georgia (NBG) will start issuing gold certificates and selling gold bars. The decision was made by the NBG Council with aim to diversify the investment market and assets. More...

IN Q3, “PASHA BANK GEORGIA” HAD LOSS AGAIN

Pasha Bank Georgia reported loss of 1.09 million lari for the 3^rd quarter. If compared to the same period of 2022, the volume has decreased by 61%. More...

WITH ASSISTANCE OF WB, PLASTIC-CONTAMINATED SITES IN RIONI RIVER BASIN WILL BE IDENTIFIED

Today, Georgian Ministry of Environment Protection and Agriculture hosted the presentation of the World Bank (WB) project “Diagnostics of plastic contamination and technical assistance.”

The new project aims to identify sites of contamination with plastic waste in the basin of Rioni River and its tributaries and estimate the amount of pollution, the Ministry specified. Besides, legislative framework and policy documents will be analyzed. More...

Forbes Georgia: “INJUSTICE MAKES US POOR”

In Georgia, since restoration of independence and until today, the key problem is to secure independent from political power, fair and effective court, the article says.

According to global governance indicators of the World Bank (WB), quality of the rule of law in Georgia has decreased since 2016. More...

Netgazeti.Ge: “EKATERINA MIKABADZE AND EKATERINA GALDAVA BECAME VICE PRESIDENTS OF NBG”

Ekaterina Mikabadze and Ekaterina Galdava became vice presidents of National Bank of Georgia (NBG). Until now, they were members of the NBG Council. More...

Netgazeti.Ge: ““ROMPETROL GEORGIA” IS LED BY NEW DIRECTOR GENERAL”

On November 24, Kuanysh Zholbarys was appointed the new director general of RomPetrol Georgia. Until that, he held the position of commercial manager in the company. More...

EMIGRATION AND THE EFFECT OF REMITTANCES ON THE GEORGIAN ECONOMY (2013-2022)

Georgia is considered a country of emigration¹. Since the mid-1990s, emigration from the country has been largely defined as labor migration, with Georgian citizens seeking better prospects abroad to ease persistent socio-economic challenges at home, including high unemployment, widespread poverty, and low wages. More...