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Daily News


November 22, 2022

IN THIS ISSUE:

1. REGIONAL DEVELOPMENT AND INFRASTRUCTURE MINISTER: AMENDMENTS TO THE BUDGET CODE AIM TO INCREASE INCOME OF MUNICIPALITIES
2. STARTING FROM 2023, MINIMUM HOURLY WAGE FOR DOCTORS AND NURSES TO BE ESTABLISHED
3. HEALTHCARE MINISTRY APPROVED PERMISSIVE CONDITIONS FOR RESUSCITATION SERVICES
4. POTENTIAL MAXIMUM OF AMOUNT BEING DISPUTED WITHIN 7 ONGOING LITIGATIONS IN INTERNATIONAL ARBITRATION MAKES UP 13% OF GEORGIA’S GDP FOR 2021
5. ECONOMY MINISTER: WE GAVE ANOTHER CHANCE TO “NENSKRAHES” INVESTOR COMPANY
6. CONSTRUCTION OF A NEW BASE OF SPECIAL OPERATIONS FORCES IN MUKHROVANI TO COST UP TO 70M LARI
7. ABOUT $16M TO BE SPENT ON IMPROVEMENT OF TBILISI SUBWAY STATIONS
8. REHABILITATION OF YOUTH PALACE IN TBILISI TO BE COMPLETED IN 2024

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1. REGIONAL DEVELOPMENT AND INFRASTRUCTURE MINISTER: AMENDMENTS TO THE BUDGET CODE AIM TO INCREASE INCOME OF MUNICIPALITIES
Politics

Irakli Karseladze, Georgia’s Minister of Regional Development and Infrastructure, reported that as part of the decentralization strategy, amendments to the Budget Code will enter in force on January 1, 2023, aiming a consistent increase in municipal revenues.

The Georgian government approved the draft amendments to the Budget Code at a meeting on November 21.

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2. STARTING FROM 2023, MINIMUM HOURLY WAGE FOR DOCTORS AND NURSES TO BE ESTABLISHED
Economics

Georgian Ministry of IDPs from Occupied Territories, Labor, Healthcare and Social Protection decided to establish the minimum hourly wage for doctors and nurses from January 1, 2023.

As the Healthcare Ministry said, minimum wage for doctors, involved in the inpatient component of the universal healthcare program will make up 7 lari per hour (at least 1,260 lari per month), while for nurses – 4.4 lari (at least 792 lari per month).

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3. HEALTHCARE MINISTRY APPROVED PERMISSIVE CONDITIONS FOR RESUSCITATION SERVICES
Economics

Georgian Ministry of IDPs from Occupied Territories, Labor, Healthcare and Social Protection declared that by September 1, 2023, all providers of rehabilitation services will be required to meet the licensing conditions for these services.

Besides, all clinics participating in the state universal healthcare program will be required to meet international accreditation standards from 2025, the Ministry said.

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4. POTENTIAL MAXIMUM OF AMOUNT BEING DISPUTED WITHIN 7 ONGOING LITIGATIONS IN INTERNATIONAL ARBITRATION MAKES UP 13% OF GEORGIA’S GDP FOR 2021
Economics

Georgian Justice Ministry reported that as of September 23, international arbitrations considered 7 lawsuits with Georgia as a side.

The potential maximum of the disputed amount within framework of these lawsuits makes up about $2.81 billion (or 7.87 billion lari), which corresponds to 13% of Georgia’s GDP for 2021, says fiscal risks analysis, enclosed by the Georgian government to the draft state budget-2023.

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5. ECONOMY MINISTER: WE GAVE ANOTHER CHANCE TO “NENSKRAHES” INVESTOR COMPANY
Business

“We gave another chance” to Korean K-Water, investor company of NenskraHES, said Levan Davitashvili, Georgia’s Minister of Economy and Sustainable Development. Since the beginning of this year, we started the negotiation process and updated the terms, he noted.

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6. CONSTRUCTION OF A NEW BASE OF SPECIAL OPERATIONS FORCES IN MUKHROVANI TO COST UP TO 70M LARI
Economics

A new military base of Georgian special operations forces is planned to build in Mukhrovani (Sagarejo municipality of Kakheti region). Cost of the project makes up to 70 million lari, the Georgian government reported.

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7. ABOUT $16M TO BE SPENT ON IMPROVEMENT OF TBILISI SUBWAY STATIONS
Economics

About $16 million will be spent in order to increase accessibility and improve infrastructure of Tbilisi subway stations, declared Tbilisi Mayor Kakha Kaladze at the city government meeting today. The project is funded by the Asian Development Bank (ADB).

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8. REHABILITATION OF YOUTH PALACE IN TBILISI TO BE COMPLETED IN 2024
Economics

Rehabilitation of the National Youth Palace, located on Rustaveli Avenue in Tbilisi, will be completed in 2024, Tbilisi Mayor Kakha Kaladze said today at the city government meeting.

The project, ordered by Tbilisi City Hall and Tbilisi Development Fund, was launched in 2020.

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Exchange Rates (NBG)
  12/02/22 + / -
  USD   2.7056   0.0056
  EUR   2.8466   0.0188
  RUR   4.3642   0.0616
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