Daily News

IN THIS ISSUE:

Selim Cakir, resident representative of the IMF in Georgia, declared that risks in Georgia “are balanced this year, more likely short-term global challenges appeared recently”. “For example, the obstacles, caused by a coronavirus, which affect global economy”, he noted.

Famous Polish economist, professor at Warsaw School of Economics and author of “shock therapy” (Poland’s transition from Socialist to market economy) Leszek Balcerowicz indicated that level of investments in Georgia is very high and they are mainly from private sources. “Taking into account the high level of investments, economic growth could be even more accelerated”, he considers.

“One big challenge, in which overcoming, first of all, our European colleagues have to help us, concerns transport and communication links”, Georgia’s Prime Minister Giorgi Gakharia declared, while speaking at the economic conference “Georgia and the World 2020”.

Georgia today has ideal legal framework, agreements with the EU, but has no land border with the EU, the Premier indicated.

“We finished research and we believe that clustering of small and medium business [in Georgia] will facilitate entry on the European market”, the EU ambassador to Georgia Carl Hartzell declared.

“There are clusters in Georgia, for example, in direction of interior, design, film production, furniture, clothes, etc.”, the ambassador noted.

Sebastian Molineus, regional director of the World Bank (WB) in the South Caucasus, points that “Competitiveness of enterprises has crucial importance for the economy, based on the private sector”. “We see that access to finance in Georgia is very much improved, as well as improved access to means of communication”, he noted.

Natia Turnava, Georgia’s Minister of Economy and Sustainable Development, held a meeting today with Shane Rosenthal, country director of Asian Development Bank (ADB) for Georgia.

As the Georgian Ministry said, the parties discussed ongoing ADB-supported projects in transport, energy and other spheres, as well as future cooperation projects.

Tbilisi Mayor Kakha Kaladze declared that since January 1, 2021, storage and realization of secondary tires, scrap, dusty and explosive materials in residential and recreational zones of the city will be forbidden.

While saying this at the city government meeting today, the Mayor noted that the law, adopted a year ago, which envisages sanctions for transportation of unpacked construction materials, works effectively.

126 powered by compressed natural gas (CNG) 12-meter buses, made by Turkish BMC, will be brought to the capital, Tbilisi Mayor Kakha Kaladze declared at the city government meeting today. He noted that the Turkish company will begin assembly of the buses in near future.

Acceptance of applications for participation in the program of professional retraining “Study and Be Employed” will start in March, Tbilisi Mayor Kakha Kaladze declared at the city government meeting today. The mentioned program is implemented since 2018.