Daily News October 17, 2018	Days:  15 16 17 18 22

politics

GEORGIA’S POSITION IN GLOBAL COMPETITIVENESS INDEX IMPROVED BY ONE STEP

In its recent Global Competitiveness Report, the World Economic Forum placed Georgia on the 66^th position among 140 countries against the 67^th position among 137 countries in the previous rating. Thus, Georgia’s position has improved by 1 step.

economics

ANOTHER IMF MISSION ARRIVED TO GEORGIA

Georgian Finance Ministry reported that the Minister Ivane Machavariani met today with the IMF mission, which will work in Georgia for 2 weeks.

As the Ministry said, the parties considered course of the IMF program, fiscal parameters of the current year, economic dynamics in the country and the region and key parameters of the budget-2019.




NBG APPROVED RULE OF PROSPECTUS’ PREPARATION

National Bank of Georgia (NBG) declared that within development of supervising framework, rule of prospectus preparation (the companies’ shares and bonds) is approved. The rule will enter in force on January 1, 2019.




BANKING COMMISSION OF ICC HELD ITS ANNUAL TECHNICAL MEETING IN TBILISI

Tbilisi hosted the annual technical meeting of banking commission of International Chamber of Commerce (ICC), Sakartvelos Banki (Bank of Georgia) reported.

As the bank said, 250 representatives from 65 countries took part in the meeting, including bankers, businessmen, lawyers and representatives of international organizations.




41-KM SECTION OF KUTAISI BYPASS ROAD TO BE EXPANDED WITH 2 LANES

Georgian Ministry of Regional Development and Infrastructure declared about start of construction of additional 2 lanes on already 2-lane 41.3-km section of Kutaisi bypass road (part of East-West Highway, E60). The works are expected to be completed in autumn 2020.




TBILISI CITY HALL: IN 9 MONTHS, DISTRICT ADMINISTRATIONS SPENT OVER 100M LARI FOR PROJECTS

Tbilisi City Hall reported that gamgeobas (district administrations) of Tbilisi spent during 9 months over 100 million lari in various directions.

While declaring this at the capital government meeting today, the Mayor Kakha Kaladze noted that “all gamgeobas have rates of budget mastering and execution ranging from 93% to 100%”.

business

THE CITY HALL TO ANNOUNCE TENDER ON REHABILITATION OF VAKHUSHTI BRIDGE

“We will announce the tender on rehabilitation of Vakhushti Bridge in 2-3 days”, Tbilisi Mayor Kakha Kaladze declared. As he said at the capital government meeting today, rehabilitation of this bridge, connecting Didube and Saburtalo districts over Mtkvari River, will cost about 2.4 million lari and will take 5 months.

society

EMC: TBILISI CITY HALL’S PROGRAM OF SOCIAL HOUSING LACKS SOCIAL CONTENTS

Human Rights Education and Monitoring Center (EMC) declared that program of social housing of Tbilisi City Hall lacks social contents.

The non-governmental organization urges the City Hall to start mobilization of financial resources for development of the program of social housing, including construction of new housing.