Kvirikashvili has a plan to develop the economy - Ian Kelly
The Prime Minister of Georgia has an excellent plan how to increase the economy of Georgia – this statement was made by the US Ambassador to Georgia.
According to Ian Kelly, they support Giorgi Kvirikashvili. “We try to help economical development issues but there are a lot of challenges in the region. Georgia is one of the countries in this region,”-US Ambassador to Georgia said.
GLOBALink | Why China's economy still engine for global recovery in 2022
BEIJING, Jan. 10 (Xinhua) -- China secured a stable recovery and progressed in high-quality development in 2021.
Now with the new year dawning, many experts believe that the world's second-largest economy will continue to seek greater synergy among global economies.
According to the World Bank's prediction, China's real GDP growth will reach 8 percent in 2021 and moderate mildly to a still-solid 5.1 percent in 2022.
The IMF has also predicted China's economy will grow 8 percent in 2021, and 5.6 percent in 2022.
Produced by Xinhua Global Service
GLOBALink | Global investors cast vote of confidence in Chinese economy
BEIJING, Dec. 23 (Xinhua) --Despite the pandemic-induced worldwide economic slowdown, global investors have continued to double down on investment in China this year.
Experts say that is because the Chinese economy has continued to recover steadily.
China continues to be the top investment destination for global investors.
The Ministry of Commerce said, in the first 11 months of the year, foreign direct investment (FDI) into the Chinese mainland, in actual use, rose 15.9 percent year on year to 1.04 trillion yuan (157.2 billion U.S. dollars).
That has surpassed the whole year's FDI in 2020.
Meanwhile, China commits to opening up more sectors for foreign investment.
Progress was also made in terms of the structure of foreign investment.
China has trimmed nearly two-thirds of the negative list for foreign investment in recent years.
A new version of the list will be unveiled soon.
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Visa and the Ministry of Economy and Sustainable Development sign MoU to boost economic, innovative and cultural development of Georgia
Visa and the Ministry of Economy and Sustainable Development of Georgia authorized a two-year partnership to support local tourism and SMEs, promote economic and financial inclusion and boost Innovations in Georgia
Tbilisi, Georgia – DECEMBER 17, 2021 -Visa, the world’s leader in digital payments, has signed a two-year Memorandum of Understanding (MoU) with the Ministry of Economy and Sustainable Development of Georgia to address the needs of small and medium-sized enterprises (SMEs) impacted by COVID-19, support local tourism, contribute to the progress of economic and financial inclusion, and drive innovations in Georgia.
The document on future cooperation was signed by Natia Turnava, the Minister of Economy and Sustainable Development and Diana Kiguradze, Visa Country Manager for Caucasus Region. The official signing ceremony of the Memorandum was held at the National Museum of Georgia, one of the must-see cultural destinations in the country.
This memorandum is aimed to foster cooperation between Visa and Ministry of Economy and Sustainable Development establishing a collaborative framework, which will entail the following aspired objectives:
- Support of small and medium-sized enterprises (SMEs) impacted by COVID-19, by offering joint educational programs, such as launching Visa Business Skills platform in cooperation with Enterprise Georgia and accelerate digitization process;
- Promote local tourism and increase number of local and international travelers through joint activities;
- Explore and accelerate innovations in Georgia, within tailored projects to promote economic and financial inclusion.
“The signing of a memorandum between Ministry of Economy and Sustainable Development of Georgia and Visa will help to accelerate the digital transformation for Georgiansmall and medium-sized enterprises. Within the upcoming years, Visa will support both the Entrepreneurship Incentive Program - “Enterprise Georgia” - and the National Tourism Administration, which is very important given the international image of the global company. As a result of the cooperation, educational programs will be implemented to accelerate the digital transformation of the local small and medium-sized companies, as well as joint marketing campaigns will be planned in order to stimulate domestic and international tourism using the specific data shared by Visa. It is important that Visa is a supporter of small and medium-sized businesses, including the development of the tourism sector in Georgia.” – said Natia Turnava, Minister forMinister for the Economy and Sustainable Development.
”Signing of this memorandum today marks creation of an important collaborative platform for Visa and Georgia aimed at further development of the national economy. Focusing on three strategic pillars, such as SME’s support, local tourism development, and bringing innovations to the country, together with the Ministry of Economy and Sustainable Development and all involved parties, we aspire to achieve a long-term positive effect of our mutual work for society. At Visa we also believe in innovative and technological future of Georgia, that also preserves and endorses national cultural heritage and promotes the country as one of the world’s best destinations”. - noted Diana Kiguradze, Visa Country Manager for the Caucasus region.
By supporting local tourism development, Visa will be sharing with the Ministry specific data, including deep analysis and insights of travelers’ patterns. Designed framework will enable effective tourist traffic stimulation strategy planning, helping to identify soft spots and gap analysis. It will help to promote and effectively explore touristic potential of the country, strengthening existing routes and opening new ones.
With a global financial literacy initiative and ambitious goal to digitalize 50 million small and medium enterprises worldwide, Visa will present in Georgia its global digital platform – Practical Business Skills (PBS). This education platform featuring more than 50 online modules will address needs of entrepreneurs at various stages of the business lifecycles.
About Visa Inc.
Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit usa.visa.com/about-visa, www.visa.com.ge, https://www.facebook.com/VisaGeorgiaGE
GLOBALink | Health, economy, climate change top agenda of G20 Rome Summit
The 16th Group of 20 (G20) Leaders' Summit is going to take place both online and offline on Saturday and Sunday.
The summit will be hosted by Italy which holds the G20 presidency since Dec. 1, 2020. It is the first summit that sets offline schedule after the outbreak of the COVID-19 pandemic. China will send a delegation to participate in the summit in Rome.
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The Secretariat of EaP Road Safety Observatory will be placed in Georgia
In Georgia the Secretary of the EU Eastern Partnership Regional Project – Road Safety Observatory will be placed. Georgia won in the call for the expression of interest of becoming host of the above mentioned organization which was launched by the European Commission in February 2021. According to the statement of the Ministry of Economy of Georgia еhe project of Eastern Partnership Road Safety Observatory (EaP RSO) envisages establishing integrated analytical platform/center, where specialized information concerning the road safety practice, policy and statistical data will be gathered from each Eastern Partnership member country (Georgia, the Ukraine, Belarus, Armenia, Azerbaijan and Moldova). The main purpose of this observatory is to promote in the Eastern Partnership Countries road safety situation based on the best European and international experience and analysis based approach.
The Ministry of Economy and Sustainable Development of Georgia presented application on expression of interest in the European Commission, which supported consortium of Policy Institute of International School of Economics (ISET) of Tbilisi State University and international non-governmental organization EASST (The Eastern Alliance for Safe and Sustainable Transport). In the call for expression of interest announced by the European Commission, Moldova and the Ukraine also participated.
Being the host of the Eastern Partnership Road Safety Observatory (EaP RSO) has utmost importance for the country and the region, which is going to improve road safety situation. The above said somehow represents the recognition of the successful policy and practice, which are being carried out on the national level in Georgia for the past years. Hosting this platform, Georgia is going to become an analytical center on the regional level in road safety sphere as well.