Daily News June 20, 2022	Days:  16 17 20 21 22

politics

EUROPEAN COMMISSION’S OPINION: DESPITE THE RECENT EVENTS THAT HAVE DAMAGED PROGRESS IN GEORGIA, THE COUNTRY HAS ACHIEVED A GOOD DEGREE OF MACROECONOMIC STABILITY

The European Commission estimates that despite the fact that recent events have damaged Georgia’s progress, the country has achieved a good degree of macroeconomic stability.

In the opinion regarding Georgia’s application for the status of the EU membership candidate, published on June 17, the European Commission indicated that, in general, Georgia has created strong grounds for further compliance with the collection of EU laws (EU acquis).




GEORGIAN PREMIER: MOST OF RECOMMENDATIONS OF THE EUROPEAN COMMISSION WERE ALREADY IN OUR AGENDA, THERE ARE OTHER ISSUES THAT WILL BE CLARIFIED WITH BRUSSELS

Most of the recommendations of the European Commission “were already in our agenda, there are other issues as well, that will be clarified with Brussels”, declared Georgia’s Prime Minister at the government meeting today. “We will work with them and get an EU candidacy status”, he assured.




OPPOSITION MP: MOST LOGICAL WOULD BE TO ASSIGN GEORGIA THE STATUS OF EU MEMBERSHIP CANDIDATE WITH ITS CANCELLATION IN CASE OF NON-FULFILLMENT OF OBLIGATIONS

“The most logical would be to assign Georgia the status of a candidate country for EU membership”, stated Roman Gotsiridze, MP from opposition National Movement and ex-president of National Bank of Georgia (NBG, 2005-2007). This should have happened with the condition that “if the obligations are not fulfilled by December, this status will be canceled”, he posted on the social network.




RONDELI FOUNDATION FELLOW: THE MAIN QUESTION IS WHETHER THE COUNTRY IS READY TO FULFILL CONDITIONS OF THE EUROPEAN COMMISSION

Kakha Gogolashvili, senior fellow at Rondeli Foundation (GFSIS), notes that the “European perspective”, given to Georgia, means entering the path of institutional integration into the EU, and one should not worry at all that the status of the EU membership candidate country has not been received immediately.

The main question and concern is “whether the country is ready to fulfill the conditions set by the European Commission”, Gogolashvili pointed.

economics

PARLIAMENTARY COMMITTEE TO CONDUCT A CASE STUDY FOR ACHIEVEMENT OF GEORGIA’S DECARBONIZATION GOALS

The Georgian Parliament reported that its Environmental Protection and Natural Resources Committee will conduct a case study in order to identify challenges in terms of achievement of decarbonization of Georgia.

The study will be carried out with the support of the Westminster Foundation for Democracy.




GOVERNMENT IS WORKING ON STRUCTURAL OPTIMIZATION AND REBRANDING OF THE PARTNERSHIP FUND

Georgian Ministry of Economy and Sustainable Development reported that the country’s government is working on structural optimization and rebranding of Georgian Partnership Fund, the government’s tool for major state assets management.

In future activities of the Fund, the state will act as a shareholder only, while the supervisory board will be staffed by independent persons instead of members of the government, the Ministry indicated.

business

REGULATING COMMISSION HAS AN ACTION PLAN IN CASE OF SANCTIONING PARENT COMPANY OF “TELASI”

David Narmania, chairman of Georgian National Energy and Water Supply Regulating Commission, declared that the Commission has an action plan in case of sanctioning the parent company of TELASI (Tbilisi energy company).

Because of the Russia-Ukraine war, the Western countries imposed sanctions against many Russian businesses, while holder of controlling stake in TELASI (75.11%) is Silk Road Holdings BV, which ultimate parent company is Inter RAO, controlled by Russian Federation.




FRENCH “EDF” TO STUDY POTENTIAL OF GEORGIA’S ENERGY PROJECTS

The French energy company EDF will study the potential of Georgia’s energy projects, reported Georgian Ministry of Economy and Sustainable Development.

The Ministry noted that EDF, in particular, expresses interest in development of local renewable resources and making investments.