Daily News

IN THIS ISSUE:

Reform of Georgian education system and role of the World Bank (WB) in the course of transformation of Georgia were the main subjects of consideration at the meeting of Georgia’s Prime Minister Mamuka Bakhtadze and the WB Group president Jim Yong Kim, held in Washington DC today, press service of Georgian Premier reported.

At the meeting with the IMF managing director Christine Lagarde, the Premier discussed issues of Georgia’s economic growth and macroeconomic stability, the press service said.

Georgian Ministry of Economy and Sustainable Development reported about meeting with the European Commissioner for Transport Violeta Bulc, which the Minister Giorgi Kobulia held yesterday within his visit to Brussels.

As the Ministry noted, the parties discussed directions of the transport sphere development, including issues of road safety and modernization of the railroad.

Chief of office of the Parliament Givi Mikanadze declared that maintenance of the Parliament palace in Kutaisi costs annually up to 2.5 million lari.

Mikanadze specified that “the sum includes various components and in order the Parliament to operate in Kutaisi during the sessional period and the building to be in the functional state, the sum of the mentioned volume is annually spent from the budget of the Parliament”.

National Bank of Georgia (NBG) declared about development of guidelines for steady financing, which is planned to do in cooperation with the international organizations.

Besides, NBG said that development plans include also principles for financial institutions of information disclosure and reporting, related to environmental, social and governance (ESG) issues.

President of National Bank of Georgia (NBG) approved new rules of securities register’s maintenance.

As NBG said, all not-materialized securities have to be included in securities register in line with these rules.

Policy Institute of International School of Economics at Tbilisi State University (ISET-PI) declared that after improvement during three previous quarters, Business Confidence Index (BCI) in the 3^rd quarter has worsened. Namely, BCI decreased quarter-on-quarter by 4.2 percentage points, to 35.4 points.

Today, world forum on digital mining opened in Tbilisi, being organized by Bitmain Technologies together with BitCan, Georgian Ministry of Economy and Sustainable Development reported. According to the Ministry, up to 1,000 people take part in the 3-day event.

Within component of micro and small business of “Produce in Georgia” state program, accepting of business plans will begin on September 24 and will last through October 5.

While declaring this, Economy and Sustainable Development Ministry’s Agency Produce in Georgia noted that out of 17,392 submitted applications, 2,523 ones had passed to the next stage.

“Seed the Future” project’s component of garden co-financing was enhanced with the new subcomponent – berry crops, Georgian Ministry of Environmental Protection and Agriculture reported.

As the Ministry noted, the new subcomponent envisages full funding of cost of saplings in several regions, in case of both acquisition on the local market and import.

LLC Tirifoni Gardens invested 4.7 million lari in planting intensive gardens in Gori municipality (Shida Kartli region), Georgian Ministry of Environmental Protection and Agriculture reported. This year, the company will rip the first harvest, the Ministry noted.