Daily News April 13, 2017	Days:  11 12 13 18 19

politics

GEORGIA AND INDIA DISCUSSED DEVELOPMENT OF TRANSPORT COMMUNICATIONS BETWEEN TWO COUNTRIES

Georgian Ministry of Economy and Sustainable Development declared that issues of further development of transport communication between Georgia and India have been considered within visit of the Minister Giorgi Gakharia to that country.

The Ministry said that Georgian party expressed interest in involvement in Mumbai – Bandar Abbas transport corridor, envisaging transportation of freight from Indian port of Mumbai to Europe via Iran, Azerbaijan and Georgia (through Black Sea ports of Poti and Batumi).




THE GOVERNMENT APPROVED COMMUNICATION STRATEGY ON GEORGIA’S ENTRY IN EU AND NATO FOR 2017-2020

The Cabinet approved today the government communication strategy on Georgia’s entry in the EU and NATO for 2017-2020.

As administration of the government said, the strategy determines strategic communication policy of the governmental on EU and NATO membership on both national and international levels.




DRAFT BILL ON PUBLIC-PRIVATE PARTNERSHIP TO BE SUBMITTED TO THE PARLIAMENT IN JUNE

Finance Minister Dimitri Kumsishvili declared that his ministry, together with Economy and Sustainable Development Ministry, is working on draft bill on public-private partnership (PPP).

As the Finance Ministry noted, cooperation in this regard is underway also with technical mission of IMF, EBRD, Asian Development Bank (ADB).

economics

LIVING WAGE IN MARCH INCREASED ALMOST BY 5% Y-O-Y

Sakstat reported that in March, living wage of average consumer made up 150.3 lari. If compared with the same month of 2016 (143.2 lari), the showing has increased almost by 5%.




IN JANUARY-MARCH, EXPORT GREW BY 30% Y-O-Y, IMPORT – BY 15%

Sakstat published preliminary data, showing that Georgia’s export in January-March totaled to $577 million, increasing by 30% year-on-year.

In turn, import of the country made up $1.7 billion, increasing by 15%.




IMF OUTLOOK: GDP IN GEORGIA TO RAISE BY 3.5% IN 2017

IMF released the forecast, according to which Georgia’s GDP in 2017 will grow by 3.5%. Inflation is expected to exceed National Bank of Georgia’s target of 4%.




IMF APPROVED ALLOCATION OF $285.3M TO GEORGIA

On April 12, IMF Executive Board has approved allocation of 210.4 million SDR for Georgia (about $285.3 million; 100% of the country’s quota) within “Extended Fund Facility”.

As National Bank of Georgia (NBG) pointed, the approval allows an immediate disbursement of 30 million SDR (about $40.7 million) to Georgia.




THE GOVERNMENT: AFTER 2015, 1.5M LARI SPENT IN TERMS OF REINTEGRATION OF MIGRANTS, RETURNED TO GEORGIA

The government declared that starting from 2015, the budget spent already 1.5 million lari in support of migrants, who had returned to Georgia.

This year, the budget allocated 590,000 lari for that end, which will be distributed as grants among non-governmental organizations, administration of the government said.




WORKS ON NAVIGATION PROJECT IN POTI BROUGHT TO END

National Agency of Public Registry reported completion of field inventory in Poti, held within project on national navigation system’s development.

According to the Agency, the inventory applied to area of 42 square km and geographical database of social importance was set up, which includes 1,294 objects.




SELLING OF COLLECTABLE COIN, DEDICATED TO GEORGIAN VINE, TO START IN JULY

Realization of 5-lari collectable silver coin, dedicated to Georgian vine, will start in July, National Bank of Georgia declared.

Currently, the coin (total number – 1,500) is minted in Japan mint.

business

UKRAINIAN “BRAVO AIRWAYS” STARTS REGULAR FLIGHTS TO GEORGIA

Georgian Ministry of Economy and Sustainable Development announced that Ukrainian Bravo Airways is starting regular flights between Kiev and Batumi. Last year, the company conducted chartered flights on this route.




FURNITURE ENTERPRISE TO BE OPENED IN TBILISI WITHIN “PRODUCE IN GEORGIA” PROGRAM

Ministry of Economy and Sustainable Development declared that within the state program “Produce in Georgia”, LLC Kasta (importer of furniture materials) will open in Tbilisi a furniture factory in May. Total investments in the project expected to amount to 451,764 lari, the Ministry said.

society

FINANCIAL AID TO TRADERS, SUFFERED LOSS DURING FIRE AT “CHILDREN’S WORLD” MALL, TO BE PROVIDED FROM RESERVE FUND OF TBILISI BUDGET

Tbilisi City Hall declared that traders, who suffered loss during fire at Children’s World mall, will receive financial aid, to be provided from reserve fund of Tbilisi budget.

For that end, about 1.04 million lari will be transferred on special account, opened in TBC Bank (which serves the City Hall).