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politics
“WEG”: THERE ARE MANY GAPS IN ENERGY IN RESPECT OF INFORMATION AND DATA TRANSPARENCY
Analytical center World Experience for Georgia (WEG) declares that there are many gaps in energy sector in respect of information and data transparency. That hampers fulfillment of obligations, undertaken by Georgia after signing of the Association Agreement with the EU and assessment to European Energy Union, the organization points.
economics
IN NOVEMBER, AVERAGE CONSUMER’S LIVING WAGE INCREASED BY ALMOST 9% Y-O-Y
Sakstat reported that living wage of average consumer amounted in November to 155.7 lari. If compared with the same period of 2016 (142.9 lari), the indicator has increased by almost 9%.
DEPUTY PREMIER: FOR NATIONAL ECONOMY, CAPITAL EXPENDITURE IS MUCH BETTER THAN OPERATING COSTS
When we agree that “capital expenditure is much better for the country than operating costs, certainly, there are macroeconomic calculations behind it”, First Deputy Premier Dimitri Kumsishvili declared. Kumsishvili, who is nominated on post of the Minister of Economy and Sustainable Development, declared the mentioned at emergency meeting of the Parliament.
REGULATIONS ON REQUIREMENTS FOR COMMERCIAL BANKS’ CAPITAL ADEQUACY ARE AMENDED
National Bank of Georgia (NBG) declared that regulations on requirements for commercial banks’ capital adequacy are amended. The amendments aim perfection of framework of Basel III through improvement of quality of commercial banks’ supervising capital and secure its compliance with international standards, NBG specified.
EXTRACTS ON REAL ESTATE BECAME SEARCHABLE IN BLOCKCHAIN
National Agency of Public Register announced that its web site has added function of search of extract on real estate in blokchain. Customer has to enter hash code of the searched document in special field, select “Search in Blockchain” button and to wait for result, the Agency said.
business
TENDER ANNOUNCED ON PROCUREMENT OF SYSTEM FOR INTERNET QUALITY MONITORING
National Communication Commission announced the tender on procurement of equipment and software for the system of Internet quality monitoring. Applications for the tender will be accepted on January 22-25, 2018.
HOTEL TO BE OPENED IN FORMER BUILDING OF TOIDZE ART SCHOOL
Within “50 Objects for Your Hotel” project, former building of Toidze Art School in Tbilisi (Chonkadze Str. 21) was sold on auction for 12.5 million lari. Ministry of Economy and Sustainable Development pointed that keen competition was recorded at the auction (861 bidding steps).
society
EMC: THE AUTHORITY ARTIFICIALLY PROTRACTS ADOPTION OF LAW “ON LABOR SAFETY”
Human Rights Education and Monitoring Center (EMC) considers that process of adoption of bill “On Labor Safety” is unreasonably and artificially protracted from the direction of the authority. At that, the organization points at such defects of the draft bill, as inefficient mechanism of sanctions, neglecting issues of supervisory authority strengthening, etc.
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