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Daily News


October 9, 2019

IN THIS ISSUE:

1. GEORGIAN PREMIER: BETWEEN AZERBAIJAN AND GEORGIA THERE ARE NO PROBLEMS, WHICH CANNOT BE SOLVED FRIENDLY
2. PRIME MINISTER: OUR MAIN OBJECTIVES ARE MARKETS’ DIVERSIFICATION, CREATION OF NEW TOURISM PRODUCTS AND BEST INVESTMENT ENVIRONMENT
3. FINANCE MINISTRY: IMF WILL CONTINUE SUPPORT GEORGIA IN FISCAL REFORMS’ IMPLEMENTATION
4. IDFI: ABSENCE OF REGULATION OF SELF-GOVERNMENT RESERVE FUNDS CREATES RISKS OF UNGROUNDED SPENDING OF BUDGETARY FUNDS
5. AGRARIAN COMMITTEE DISCONTENT WITH CUT OF FINANCING FOR A NUMBER OF PROGRAMS IN 2020
6. IN 9 MONTHS, GEORGIAN WINE EXPORT INCREASED IN NATURAL EXPRESSION BY 10%, IN MONETARY EXPRESSION – BY 16%
7. RTVELI IN RACHA REGION STARTS, IN KAKHETI – COMES TO THE END
8. THAI AIRLINE TO LAUNCH FLIGHTS BETWEEN BANGKOK AND TBILISI
9. FOUNDER OF “HUB GEORGIA”: RELATIONS BETWEEN AVIATION AUTHORITIES OF RUSSIA AND GEORGIA HAVE TO BE SETTLED WITH EASA PARTICIPATION

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1. GEORGIAN PREMIER: BETWEEN AZERBAIJAN AND GEORGIA THERE ARE NO PROBLEMS, WHICH CANNOT BE SOLVED FRIENDLY
Politics

Today, Georgia’s Prime Minister Giorgi Gakharia departed to Azerbaijan with his first-ever official visit.

At the meeting with Azerbaijani President Ilham Aliyev, Gakharia declared that “With this visit we once again prove to both our friends and our enemies that between Azerbaijan and Georgia there are no problems, which cannot be solved fraternally, friendly”.

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2. PRIME MINISTER: OUR MAIN OBJECTIVES ARE MARKETS’ DIVERSIFICATION, CREATION OF NEW TOURISM PRODUCTS AND BEST INVESTMENT ENVIRONMENT
Economics

“Function of the government is to take care, together with you, of diversification of the markets, creation of new tourism products and creation of the best investment environment in the branch”, Georgia’s Prime Minister Giorgi Gakharia declared at the meeting with representatives of travel business in Tbilisi on October 8. “These are our main objectives”, he added.

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3. FINANCE MINISTRY: IMF WILL CONTINUE SUPPORT GEORGIA IN FISCAL REFORMS’ IMPLEMENTATION
Economics

The IMF will continue support Georgia in the course of implementation of fiscal reforms, Georgian Finance Ministry declared after meeting with members of the IMF technical mission, which was held today. The mission completed its 2-week visit to Georgia.

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4. IDFI: ABSENCE OF REGULATION OF SELF-GOVERNMENT RESERVE FUNDS CREATES RISKS OF UNGROUNDED SPENDING OF BUDGETARY FUNDS
Economics

Institute for Development of Freedom of Information (IDFI) indicated that current Georgian legislation lacks regulations and rules of disposal of reserve funds of local self-government units. As IDFI declared, that creates risks of unreasonable use and ungrounded spending of budgetary funds.

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5. AGRARIAN COMMITTEE DISCONTENT WITH CUT OF FINANCING FOR A NUMBER OF PROGRAMS IN 2020
Economics

Georgian Parliament reported about consideration of the draft state budget-2020, which held in Agrarian Committee on October 8. The Committee did not voted the document, explaining this with cut of financing for a number of programs.

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6. IN 9 MONTHS, GEORGIAN WINE EXPORT INCREASED IN NATURAL EXPRESSION BY 10%, IN MONETARY EXPRESSION – BY 16%
Economics

Georgian National Wine Agency reported that in January-September, 65.2 million bottles of wine (0.75 l) were exported from Georgia to about 50 countries. The volume by 10% exceeds showing of the same period of 2018, the Agency noted.

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7. RTVELI IN RACHA REGION STARTS, IN KAKHETI – COMES TO THE END
Economics

Georgian Ministry of Environmental Protection and Agriculture reported about start of rtveli (vintage) in Racha region.

As the Ministry said, this year’s harvest of Aleksandrouli and Mujuretuli grape varieties in Racha is expected to reach 1,500 t.

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8. THAI AIRLINE TO LAUNCH FLIGHTS BETWEEN BANGKOK AND TBILISI
Business

Since December 28, Thai airline Thai Air Asia X will start charter flights between Bangkok and Tbilisi, TAV Georgia (operator of Tbilisi and Batumi airports) reported. The company hosted meeting with representatives of the airline at Tbilisi airport on October 8.

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9. FOUNDER OF “HUB GEORGIA”: RELATIONS BETWEEN AVIATION AUTHORITIES OF RUSSIA AND GEORGIA HAVE TO BE SETTLED WITH EASA PARTICIPATION
Society

Giorgi Kodua, founder of transport think-tank HUB Georgia, points that negotiations and agreements with Russia in bilateral format have no legal force. The relations have to be settled within international legal format, he considers.

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Exchange Rates (NBG)
  10/15/19 + / -
  USD   2.9701   0.0000
  EUR   3.2725   0.0053
  RUR   4.6078   0.0229
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