Economic Press Monitor
December 2, 2022
IN THIS ISSUE:
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1. |
THE PARLIAMENT SUPPORTED AMENDMENTS TO THE LAW ON ACCOUNTING, REPORTING AND AUDIT
Economic & Politics
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The Georgian Parliament adopted in third (final) hearing amendments to the law “On Accounting, Reporting and Audit” (by 75 votes “pro”). The draft was considered in accelerated mode.
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WITH INVESTMENT OF “BASISBANK”, A MALL AND A RESIDENTIAL COMPLEX ARE BEING BUILT IN RUSTAVI
Companies
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The Georgian development company New Mall is building a new shopping center in Rustavi and a residential apartment building located near it. Basisbank has allocated 16 million lari for the project, which will be fully spent on construction of a complex.
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WITH SUPPORT OF “SAKARTVELOS BANKI”, A 5-STAR “GORI INN” HOTEL WAS OPENED IN GORI
Companies
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Within the framework of the joint project of Sakartvelos Banki (Bank of Georgia) and Vaka Estate, the Gori Inn hotel has been opened in Gori, the magazine reports. The 5-star hotel has 119 rooms.
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4. |
POST-PANDEMIC DAYS OF ARBITRATION
International Cooperation
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The Arbitration Institute of the Stockholm Chamber of Commerce and Georgian International Arbitration Center (GIAC) have agreed on cooperation. Within the framework of cooperation, the parties plan to promote development of arbitration, hold joint events and secure access to the platform of the Arbitration Institute.
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