Daily News

IN THIS ISSUE:

Press service of Georgian Dream declared that Georgia’s ruling party suggests European Parliament to create a mission for studying of case of Tbilisi ex-mayor Gigi Ugulava, who is currently leader of oppositional European Georgia.

As the press service noted, secretary general of Georgian Dream Kakha Kaladze and executive secretary of the ruling party Irakli Kobakhidze announced the offer during their visit to Strasbourg.

In 2019, “growth exceeded expectations, highlighting the resilience of the Georgian economy”, the IMF mission declared.

By estimation of Sakstat, Georgia’s economic growth rate in 2019 made up 5.2%, while the IMF forecasted 4.6%.

Georgian government reported about creation of interdepartmental coordination council of a high rank on open governance.

The body will be composed of deputy ministers and heads of the country’s non-governmental organizations, engaged in the open government process.

Sakstat reported that 120,000 Georgian families were beneficiaries of subsistence assistance in 2019.

Respectively, by rough calculations (assuming average family, composing of 3 members, and envisaging total Georgia population, making up 3.72 million people), beneficiaries of subsistence assistance were about 9.7% of the country’s population.

Anaklia Development Consortium declared that on January 23, it has notified Georgian government about dispute and requested a meeting for its settlement by negotiations.

However, Georgia government “has not yet engaged in any meaningful way in discussions” with the Consortium, so, it seems that the Consortium “will be left with no choice but to arbitrate its dispute” with the government, the company said in the statement released on February 12.

State-owned Georgian Railway reported that common tariffs for transportation of Turkmen oil and oil products are coordinated with the Azerbaijani side.

As the company said, the agreement was reached at the meeting of heads of Georgian Railway and Azerbaijan Railways, which held on February 11 in Tbilisi.

“At least, 6 auctions for mining licenses within the state program “100 Investment Offers to Business” are announced with violation of law”, environmental organization Green Alternative declared.

As the organization specified, auctions are announced on licenses, on which consideration of screening applications is still underway in the Ministry of Environmental Protection and Agriculture.

Assessment of Georgian microfinancial organization Crystal will depend on changes in its leverage profile, resulting from planned acquisition of FINCA Bank Georgia, Fitch Ratings declared.

Fitch noted that it will review rating of Crystal (currently, “B” with “stable” outlook) “once the relevant details become available”.