Dimitry Kumsishvili Congratulated Air Traffic Controllers on Professional Holiday

Published in Economics
Wednesday, 21 October 2015 15:36

Minister of Economy and Sustainable Development of Georgia, Dimitry Kumsishvili congratulated Georgian air traffic controllers on the International Air Controllers’ Day.

"I would like to congratulate our air traffic controllers on the International Air Controllers’ Day. This really is a profession of extreme responsibility, which is directly related to people's safety, a profession that requires constantly tense work as well as specific knowledge. I would like to emphasize that Georgian air traffic controllers have very high qualification and their professionalism is confirmed by international organizations. In the wake of the increasing workload of the airspace in the recent years, new airlines are entering the country and new flights are appointed. Therefore, being an air traffic controller is becoming more and more honorable and of outmost importance in terms of air security. Once again, I congratulate air traffic controllers on thier professional holiday and I wish them the peace and success"- Minister of Economy and Sustainable Development stated.

Arbitration Days in Tbilisi 2015

Published in Justice
Thursday, 08 October 2015 18:02

TBILISI. 8 October 2015 – Tbilisi is hosting an international conference “Regional Development of Arbitration – Reality, Challenges and Perspectives”.A three-day event, which was opened on 8 October 2015, is part of the annual Arbitration Days in Tbilisi and is organised by the Georgian International Arbitration Centre (GIAC) with financial support from the United Nations Development Programme (UNDP) and the Government of the Kingdom of the Netherlands.  

The Conference was opened by Nino Chikovani, President of the Georgian Chamber of Commerce and Industry (GCCI). 

Dimitri Kumsishvili, Minister of Economy and Sustainable Development of Georgia; Nino Bakakuri,Georgia Supreme Court judge; H.E. Johannes (Jos) Douma, Ambassador of the Netherlands to Georgia and Armenia; and Shombi Sharp, acting Head of UNDP in Georgia, addressed participants at an opening session.

The first day of the Conference, 8 October 2015, was marked with signing anAgreement on Cooperation between the Georgian International Arbitration Centre (GIAC)and the Permanent Court of Arbitration (PCA), an intergovernmental arbitral institution established to facilitate arbitration and other forms of dispute resolution between states. The Memorandum creates new opportunities for the GIAC to share the PCA practice, engage in joint educational activities and cooperate on dispute resolution cases.  

The Conference also provides opportunities to the lawyers, students and young practitioners to attend seminars and master classes organised by the US-based International Centre for Dispute Resolution (ICDR) – the largest provider of global arbitration and dispute resolution, and the International Council for Commercial Arbitration (ICCA).

The Conference “Regional Development of Arbitration – Reality, Challenges and Perspectives” will continue till 10 October 2015 bringing together a wide range of Government officials, representatives of civil society and international organizations, as well as leading international experts in the area of arbitration.  

Georgian Economy Minister about GEL

Published in Economics
Thursday, 17 September 2015 13:42

"Compared to the previous year, pressure on our currency is reduced by 100-180 million dollars, and respectively, we are sure that GEL is bound to regain value in the mid-term period.


Also, I would like to point out that if market players fail to make correct expectations, the National Bank and the central government will take all necessary measures. Among them, we will consider adjustment of the budget if the country needs it once again, though at this stage we cannot see any need for it", - said Georgian Minister of Economy Dimitri Kumsishvili.

As the Minister said, his agency has daily contacts with the Finance Ministry and the central bank and analyzes the current situation.

According to Minister Dimitri Kumsishvili, the GEL will regain value in the mid-term period. 


Tbilisi has a New Vice Mayor

Published in Politics
Monday, 07 September 2015 12:14

Georgian capital city Tbilisi has a New Vice Mayor. Tbilisi City Assembly has approved Lasha Abashidze as Tbilisi Vice Mayor. 

Abashidze’s candidacy was supported by 23 deputies. One voted against him, while three abstained.

The majority of deputies said Lasha Abashidze was an experienced professional. According to them, the society could see how that young man tackled the challenges that arose during the natural disaster in Tbilisi.

Lasha Abashidze thanked the City Assembly for supporting him. 

Lasha Abashidze had previously served as governor of Tbilisi’s Vake district. 

Ambassadorial Meeting-2015 has Discussed Georgia’s Economic Priorities and Economic Diplomacy

Published in Politics
Friday, 04 September 2015 16:14

Georgian Minister of Economy and Sustainable Development Dimitri Kumsiashvili provided the participants of the Ambassadorial meeting with the information on the positive tendencies in Georgia’s economy and main directions of its development, the current investment environment, challenges the country faces and future plans as well.  

Particular emphasis was put on the need to strengthen economic diplomacy with a view to attracting investments and enhancing the country’s export market through active work of diplomatic representations of Georgia abroad.

The meeting also focused on the possibilities of full use of trade regimes with different countries and enhancement of these regimes, as well as on the need to promote Georgia internationally as a country of regional transport and energy hub function. The issues of completing significant projects and developing new ones have also discussed.      

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