Daily News March 25, 2021	Days:  23 24 25 26 29

economics

GEORGIA AND THE WORLD BANK DISCUSSED COOPERATION ISSUES

Georgia’s Finance Minister Ivane Machavariani and the World Bank regional director for the South Caucasus Sebastian Molineus held a meeting in Tbilisi today.

At the meeting, the parties discussed issues of cooperation, including measures on facilitation to Georgian economy in the post-pandemic period, Georgian Finance Ministry reported.




MEASURES IDENTIFIED TO REDUCE MOVEMENT OF LANDSLIDE ON MACHAVARIANI STREET IN TBILISI

Our primary task is to reduce to a certain degree the movement of landslide in the area of Machavariani Street, declared Irakli Bendeliani, Deputy Mayor of Tbilisi.

In particular, a temporary barrier will be set up and then safe roads to the landslide zone will be built, Bendeliani told journalists.




RENEWED TERMINAL OF BATUMI AIRPORT WAS OPENED

The renewed terminal of Batumi Airport was opened today, total area of which has been increased from 4,000 square m to 8,000 square m, Georgian government reported.

As the government noted, expansion of the airport was caused by growth of passenger traffic, which exceeded 600,000 people in 2019.




PITCH REHABILITATED AT BATUMI FOOTBALL STADIUM

British company SIS Pitches has arranged a hybrid pitch at Batumi football stadium, Georgian government reported. The project was financed by Anagi company, which built the stadium, the government noted.




DEVELOPMENT OF LOW-EMISSION TRANSPORT AND RESTORATION OF DEGRADED FOREST IS PLANNED IN KUTAISI

Georgian Ministry of Environmental Protection and Agriculture declared that it is planned to implement the “Low-Emission Development of Kutaisi through Urban Planning” project.

The project, being funded by the Global Environment Facility (GEF), is implemented by the UN Environment Program (UNEP) and Regional Environmental Center for the Caucasus (REC), the Ministry said.

business

INSURANCE COMPANY “ALPHA” ENDED 2020 WITH PROFIT, UNLIKE 2019

Insurance company Alpha reported net profit of 929,898 lari for 2020. In 2019, the company had loss of 2.5 million lari.




IN 2020, PROFIT OF INSURANCE COMPANY “TAO” REDUCED BY 10.5%

Insurance company Tao reported net profit of 2.3 million lari for 2020. If compared with 2019, the volume has reduced by 10.5%.

society

“WASTE DETECTOR”: TBILISI CITY HALL WAS AWARE THAT AREA OF MACHAVARIANI STREET WAS A GEO-HAZARDOUS AREA BEFORE START OF ROAD CONSTRUCTION THERE

Non-governmental organization Waste Detector indicates that it took Tbilisi City Hall almost 5 years and 2.8 million lari to develop the general plan of the capital, in which the geo-hazardous zones are identified.

“Machavariani road [streets] and the surrounding area with a risk of landslides constitute a zone of high and medium geo-hazard, and the City Hall was aware of this well before start of the road construction”, the Organization points.