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Daily News

October 11, 2017

Previous Issues:  Days: < 09 10 11 12 13 > 

 

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politics

    PRIME MINISTER: ATTEMPTS OF PART OF RADICAL OPPOSITION HAVE NO PROSPECTS

    Prime Minister Giorgi Kvirikashvili declared that “radical part of opposition tries to give impression that holding of elections in peaceful and stable environment is in danger”. However, attempts of these people “have no and cannot have any prospect”, he pointed.


    GEORGIAN FINANCE MINISTER TO PARTICIPATE IN ANNUAL MEETING OF IMF AND WB

    Georgian Finance Ministry reported that the Minister Dimitri Kumsishvili will participate in annual meeting of IMF and World Bank (WB).

    Within visit to the US, Kumsishvili will hold meetings with representatives of international financial organizations and rating agencies, the Ministry said.


economics

    ENERGY MINISTRY: THE BUDGET WILL ADDITIONALLY FINANCE GAS INSTALLATION FOR 5,500 CONSUMERS

    At the meeting today, the government approved the project, envisaging financing from the budget of gas installation works for residents of villages in municipalities Gori, Senaki, Chkhorotsku and Tsalenjikha. As a result, gas supply will become available to 5,500 more consumers, the Energy Ministry noted.


    GEORGIA TO APPLY TO DONORS FOR HELP IN FIGHT AGAINST BROWN MARMORATED STINK BUG

    Deputy Minister of Agriculture Giorgi Khanishvili said that the state budget of this year envisages 4 million lari on activities against brown marmorated stink bug (Halyomorpha halys).

    At the same time, “active work is conducted with donor organizations, the budget is calculated and it will be quite solid”, the Deputy Minister declared.


    ECONOMY MINISTRY: ABOUT 1,000 DELEGATES TO TAKE PART IN SILK ROAD FORUM IN TBILISI

    On November 28-29, Tbilisi will host the 2nd Silk Road Forum, in which about 1,000 delegates from different countries will take part, Georgian Ministry of Economy and Sustainable Development declared.

    According to the Ministry, participants of the forum will consider such issues as assistance to trade, development of e-commerce, digital communication, transport infrastructure and interregional opportunities in energy.


    DIRECTOR OF “FITCH RATINGS”: GEORGIA’S BUSINESS ENVIRONMENT IS ACTUALLY QUITE GOOD COMPARED TO ITS PEERS

    Within the annual meeting of Fitch Ratings, which took place in Tbilisi on October 10, Sarke applied to director of Fitch Ratings Alex Muscatelli with request on comment on two topical issues.

    Sarke: According to Global Competitiveness Index of World Economic Forum 2017-2018, Georgia has dropped by 8 positions (from the 59th position in the previous rating to 67th).


    ISET POLICY INSTITUTE: BUSINESS CONFIDENCE INDEX SLIGHTLY DECREASED

    Policy Institute of International School of Economics at Tbilisi State University (ISET) said that its Business Confidence Index has decreased slightly, down to 27 points in the 3rd quarter. If compared with the 2nd quarter, the Index is by 2 points lower.


business

    “GREEN DEVELOPMENT” TO ISSUE BONDS OF $2M

    Developer company Green Development will issue 50 bonds with total value of $2 million (nominal value per bond – $40,000). Annual yield rate to make up 11%.


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