Silk Road Forum should lead increasing our country’s transit potential – Vice PM Dimitri Kumsishvili

Published in Politics
Tuesday, 28 November 2017 13:52

The Silk Road Forum benefit should reveal in increasing our country’s transit potential, - Georgia’s Vice PM Dimitri Kumsishvil has declared at Tbilisi before the forum begins. 

According to him, Tbilisi hosts the second Silk Road forum with 2000 delegates and visitors from 60 countries. 

‘We have delegates of very high level. Prime ministers from two countries are here as well as vice PMs and ministers from different countries. Generally, the forum essence and benefit should reveal in leading to encourage our country’s transit potential as well as the investments Georgia is implementing in basic infrastructure. The investments made by the private sector and other significant infrastructure should also be beneficial that will result in creation of new jobs and inclusive development of economy,’ Kumsishvili has remarked. 

In response to a question whether the Silk Road can replace the Karsi-Akhalkalaki railway, Kumsishvili said that the railway represents continuation of the Silk Road being one of the branch of it. According to him this is the way connecting Azerbaijan, Georgia and Turkey and in turn, it will be the possibility that will increase our hub capacity by 15 million tons in total. 

In response to a question over revealed benefits of the Silk Road first forum, Dimitri Kumsishvil said that a lot has happened for two years. 

‘In March 2015 Georgia and China signed an agreement on the Silk Road development and in November 2015 we hosted the first Silk Road forum in Tbilisi. Afterwards, we completed the trade agreement on free trade with China… As a result, cargos turnover increased, as well as the railway turnover today we enjoy from the Asian countries including China. We are very proud of it saying all this confirms that the shortest road is on Georgia and this is reality today… Currently we know that it takes only 9-12 days for shipment to Europe via our hub from China. So, the wishes and opinions expressed in 2015 is now reality,’ Kumsishvili has remarked. 

According to him a set of important agreements are planned to be signed today. 

Tbilisi Silk Road Forum is opening today. 

Agreement with Gazprom is maximum-Kumsishvili

Published in Economics
Wednesday, 11 January 2017 16:16

The agreement with Gazprom is maximum-this statement was made by the First Vice-Prime Minister. According to Mikheil Kumsishvili, unexistence of the agreement from 1 January should be highlighted.
“Nothing was regulated our relationship. We have begun from zero. Its politically important that we have maintained energy defence. Azerbaijan is still strategic partner of us,”-Dimitri Kumsishvili said. 

Prime Minister Opens Mitarbi Resort

Published in Politics
Monday, 26 December 2016 10:45

New life is being breathed into the resort of Mitarbi after a 30-year pause-the resort was officially launched today by Georgia's Prime Minister Giorgi Kvirikashvili and members of the Cabinet.
A new, unprecedented model of cooperation between the state and the private sector in Georgia, this is how the Head of Government characterizes the 150 million investment jointly undertaken by the state and the private sector. This cooperation has effected a ski lift and roads built and renovated by the state, and GRDC, a private company, investing in the development of hotels, apartment hotels, shops, entertainment centers, and parking areas. 
"It is a brand new model that we will apply to other resorts as well. The Kokhta-Mitarbi masterplan will be finalized in the nearest future, ensuring the resort's efficient development and putting an end to spontaneous development. This resort is embedded in gorgeous landscapes, and I believe that these investments will create a unified Borjomi-Bakuriani and Kokhta-Mitarbi complex as one of the most beautiful tourist destinations in the world," the Prime Minister stated.
In addition, a toboggan system was installed in Bakuriani last year, and the construction of a biathlon track will launch in 2017. It is also planned to develop a new ski jumping ramp, an ice hockey rink, and a fully functioning complex sufficient to host large-scale international tournaments. 
According to the Prime Minister, all conditions for national teams to practice all year round will be in place at the resort.
"We believe that every day all year round will be busy around here, which means many new workplaces. This resort will sustain local residents in a radius of 100 kilometers, a great relief to them," Giorgi Kvirikashvili.
"It will be about reliving childhood and, at the same time, a path to the future. This line required renovation, and it will be an important connecting line for the rural population along this route," the Prime Minister said.
The Head of Government thanked every participant of this successful endeavor. These are Sandro Onoprishvili (Head of the Mountain Resort Development Company) and his team, GDRC, the Black Sea Group, which completed much work within a limited timeframe, Doppelmayr and its representatives, and local authorities that stood by throughout the project's implementation. The Prime Minister singled out the merit of First Deputy Prime Minister Dimitri Kumsishvili who "has worked hard to make this project a reality." Kvirikashvili also wished success to Giorgi Gakharia who accepted the project, and who "has much work ahead to implement the announced plan."
"This project is just the beginning of tremendous development, and 2017 will be a great year. We are facing some hard times today, but we should make sure we take every steps to make life better in the country. We take close to heart all the problems facing our citizens. We must move on, however, to make life better in the country for future generations," the Prime Minister stated.
Giorgi Kvirikashvili congratulated everyone on this day and pointed out that "it will lay the foundation of a great future."
Two new ski lifts and one platter lift were built by the Black Sea Group in the territory of Mitarbi, and ski lifts manufactured by Doppelmayr, a global leader in this industry, were installed at the resort. The Government allocated 48 million GEL to finance the Kokhta-Mitarbi ski lift development project, and a private investor will invest additional 70 million GEL.

Our economy is healthy - Dimitri Kumsishvili

Published in Economics
Wednesday, 14 December 2016 15:12

Our economy is healthy and it will definitely develop – this statement was made by the First Vice-Prime Minister and the Minister of Finance. According to Dimitri Kumsishvili, a lot of steps should be taken.
“We should take a lot of steps for more local enterprises, export and open markets. Making investments is also too important. There are the reforms I have already spoke about,”-Dimitri Kumsishvili said.

Giorgi Gakharia Comes into Office

Published in Politics
Monday, 28 November 2016 16:38

Newly appointed Minister of Economy and Sustainable Development of Georgia has come into office. Former Minister of Economy, Dimitry Kumsishvili introduced Giorgi Gakharia to the staff of the Ministry. 
“I wish success to Giorgi Gakharia at his new position. Ministry of Economy and Sustainable Development is an important, well-organized institution of rapid response – an institution where the decisions are made and implemented. I believe that Giorgi Gakharia will make this institution even more effective and greatly contribute to the development of Georgia’s economy,” – Dimitry Kumsishvili stated.
Giorgi Gakharia noted that it is a great responsibility to take the position which was previously taken by Giorgi Kvirikashvili and Dimitry Kumsishvili. “First of all, I would like to express gratefulness to Giorgi Kvirikashvili since it is really an honor to be a part of this team. It is also a great responsibility to be in charge of the institution which was previously managed by Giorgi Kvirikashvili and Dimitry Kumsishvili. Especially in this time, when the economic development is the greatest challenge for our country. I strongly believe that we, together with the new Government team members will overcome each challenge we are facing today” – Giorgi Gakharia stated. 

Dimitri Kumsishvili plans changes in Ministry of Finance

Published in Politics
Tuesday, 22 November 2016 15:08

Dimitri Kumsishvili plans changes in Ministry of Finance. This statement was made by Dimitri Kumsishvili today, after the statement of Giorgi Kvirikashivli. He talked also about future plans.
"We will be oriented in the direction of fiscal policy. It is important our revenue to be stable. Tax policy will be more business friendly and service-oriented,”-the First Vice-Prime Minister of Georgia said.
According to Dimitri Kumsishvili, the attitude towards business and economy will be same. 

Two new Vice Prime Ministers were presented today

Published in Politics
Tuesday, 22 November 2016 14:43

Georgian Prime Minister will have two new Vice Prime Ministers in the new Cabinet of Ministers. As Giorgi Kvirikashvili said, Dimitri Kumsishvili will be the First Vice-Prime Minister and he also is presented as the Finance Minister.
“Dimitri Kumsishvili is an experienced financier, effective manager and has an experience working in different public bodies. He made a lot of important projects, including free trade negotiations with China, switching to digital broadcasting, the inventory of the property and creating techno parks,”-Giorgi Kvirikashvili said.
According to the Acting Prime Minister, Kakha Kaladze will be the Vice-Prime Minister as well as the Minister of Energy.

Sri Ashok Gajapathi Raju and Dimitri Kumsishvili signed Memorandum of Intent

Published in Politics
Friday, 11 November 2016 15:50

Georgian Foreign Minister Mikheil Janelidze held a meeting with Honourable Minister of Civil Aviation of the Republic of India Sri Ashok Gajapathi Raju, who paid a working visit to Georgia, specifically authorized by his government to hold negotiations on a broad spectrum of issues with the  Georgian side. 
During the meeting the Georgian Foreign Minister and the Indian Minister of Civil Aviation spoke about important issues relating to bilateral and multilateral relations, including in the areas of trade and economy, investments, transport, education and culture.
The sides positively assessed the bilateral political consultations held at the level of Deputy Foreign Ministers in Tbilisi, on 25 and 26 July as well as co-operation within the framework of the Georgian-Indian Intergovernmental Economic Cooperation Commission, reaffirming the readiness to further promote the fruitful interaction between the sides in the aforesaid formats, as well as towards intensifying parliamentary and people-to-people contacts.
The sides spoke about the necessity of signing an air traffic agreement between Georgia and India in the near future expressing the intention to prepare a document on free trade and carry out a respective feasibility study.
Within the framework of the Indian delegation’s visit to Georgia, bilateral meetings with President of Georgia Giorgi Margvelashvili, Prime Minister Giorgi Kvirikashvili and First Vice Premier, Minister of Economy and Sustainable Development Dimitri Kumsishvili.  Sri Ashok Gajapathi Raju and Dimitri Kumsishvili signed Memorandum of Intent to enhance cooperation between India and Georgia on Civil Aviation Matters.

Dimitri Kumsishvili may change Nodar Khaduri

Published in Politics
Thursday, 03 November 2016 12:00

According to the Finance Minister Nodar Khaduri the Prime Minister of Georgia will decide who the next Finance Minister will be.
“I am the Finance Minister now and the next Minister will be chosen by Giorgi Kvirikashvili,”-he told to reporters.
According to reports, Dimitri Kumsishvili may change Nodar Khaduri.

$600 ml investment can be implemented in industrial zone of Poti

Published in Economics
Wednesday, 12 October 2016 14:05

600 ml dollars investment can be implemented in industrial zone of Poti. According to the First-Vice Prime Minister and Minister of Economy and Sustainable Development of Georgia, this is an answer of reports about instead of Arabian company Rakia-Georgia the state will control this industrial zone.
As Dimitri Kumsishvili said, Georgia has best relations with Rakia Georgia Company. “This is a group which has most important actives in Georgia today. For example: Hotel Sheratoni, Tbilisi Mall and others,”-Dimitri Kumsishvili said.

Page 1 of 5

Business News

World Bank Support Georgia with 60 million Dollars

World Bank Support Georgia with 60 million Dollars

The World Bank Board of Executive Directors approved an IBRD (International Bank for Reconstruction ...

Official Opening of the EIB Regional Representation for the South Caucasus

Official Opening of the EIB Regional Representation for the South Caucasus

The Official opening of the European Investment Bank’s (EIB) Regional Representation for the South C...

Launching women in business in Georgia

Launching women in business in Georgia

The EBRD is launching its Women in Business programme in Georgia to drive women’s entrepreneurship, ...

Opening of Economic Conference by Bidzina Ivanishvili Today

Opening of Economic Conference by Bidzina Ivanishvili Today

Non Governmental Organizations “Citizen” and “Society 2030” will hold the Economic Conference in the...

MOST READ

« January 2021 »
Mon Tue Wed Thu Fri Sat Sun
        1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

About

The News Agency,
NEWSDAY.GE is
a part of STARVISION
Media Group.
It made its first
appearance on the Internet..More

 

Contact

NEWSDAY Ltd.
Lechkhumi street.43

Georgia,Tbilisi

Phone: (+995 32) 257 91 11
E-mail: avtandil@yahoo.com

 

 

 

Social Media