“Georgia’s economy is developing more rapidly than we expected,” – this is the statement by the President of the European Bank for Reconstruction, Sir Suma Chakrabarti that he made upon the completion of the meeting with the Minister of Economy and Sustainable Development of Georgia, Giorgi Gakharia. The main topics of the meeting were the economic situation of the country, its economic strategy and the development of the private sector. The EBRD President talked about the investments, the DCFTA, the capital market and the importance of increasing of the private sector competitiveness.
“We have discussed the strategy of the country. We also talked about Georgia’s economy, which is developing more rapidly than we expected. We also overviewed the priorities of the EBRD, talk about the importance of private sector development. Thanks to its geographic location, Georgia has huge potential in linking the countries of the region,” – Suma Chakrabarti said.
The EBRD President is paying a two-day visit to Georgia. On September 6, Suma Chakrabarti participates in the meeting of the Investors Council.
On June 13, the Minister of Economy and Sustainable Development of Georgia, within the framework of the official visit to Azerbaijan, held the first meeting with the President of the Republic of Azerbaijan. Ilham Aliyev and Giorgi Gakharia talked about the current trade-economic relations between the two countries and the prospects of the development of the transit capabilities. It was noted at the meeting that the trade turnover between Georgia and Azerbaijan is increased during the last four months and this trend should be continued in the future.
“Energy carriers and transportation are the largest components in our trading balance. However, we should encourage cooperation in other directions as well as facilitate the bilateral trade. During the past four months our trade turnover has increased and we have to do everything to keep this trend in progress. We also talked about cooperation in the tourism sector with the President of Azerbaijan. We believe that it is important to use the potential of the two countries in order to increase the number of tourists and to attract them easily” – Giorgi Gakharia stated after the completion of the meeting.
Minister confirmed that the Silk Road Forum and the transit corridors, which are of outmost importance for the both countries, also were the topical issues during the conversation with Ilham Aliyev. According to Giorgi Gakharia, development of the East-West corridor was discussed alongside the development of the South-North transportation corridor.
Giorgi Gakharia, within the framework of the v two-day visit, will hold the meeting with the Prime Minister of the Republic of Azerbaijan as well as with the Minister of Economy and the Minister of Transport.
Minister of Economy and Sustainable Development of Georgia, Giorgi Gakharia and Ambassador of the People’s Republic of China to Georgia, Ji Yanchi, at the meeting held at the Ministry, discussed the details of the Silk Road Forum to be hold in Tbilisi, on 28-29 November.
Preparation works and other organizational issued regarding the scheduled Tbilisi Silk Road Forum were the main topics of the conversation.
At the same time, Giorgi Gakharia summarized his visit to the People’s Republic of China, whose main purpose was the participation in the Belt and Road Forum for International Cooperation. During the visit to Beijing, Minister of Economy and Sustainable Development of Georgia signed the Free Trade Agreement between Georgia and the People’s Republic of China. At the meeting with the Ambassador, it was once again noted that the Agreement will put the economic relations of the two countries on a new level and facilitate the deepening of the trade and economic relations between them.
Giorgi Gakharia, during the visit, had several significant meetings including the meeting with the Minister of Commerce of China, who confirmed the readiness of the Chinese side to support the Tbilisi Silk Road Forum.
Tbilisi Silk Road Forum will be held for the second time this year and it will be the logical prolongation continuation of the Belt and Road Forum for International Cooperation held in China.
First Tbilisi Silk Road Forum was held in 2015 where more than thousand participants represented over 30 countries. Chinese delegation was composed of high-rank government officials and up to 300 representatives of large Chinese companies.
The President of Georgia: “Aspirations of Our States toward Different Alliances Is Not a Dividing Line, But Rather an Advantage Which Should Further Strengthen Relations between Our Countries”Thursday, 02 March 2017 11:55
Georgian Prime Minister Giorgi Kvirikashvili held a meeting today with Prime Minister Aleksandar Vucic of Serbia.
The parties discussed key issues pertaining to the relations between the two countries and emphasized the importance of furthering cooperation in different directions. Special attention was paid the economic and tourism potential and prospects of deeper cooperation in the fields of innovation and technology.
The Prime Ministers also discussed the process of European integration and emphasized Georgia's progress on this path. According to Aleksandar Vucic, Serbia, as an EU-aspirant country, is supportive of Georgia's EU integration, and is willing to cooperate with Georgia and share experience.
The discussion at the meeting also involved the state of affairs in the region and the grievous human rights situation in Georgia's occupied territories.
The meeting, held during the World Economic Forum in Davos, was attended by Georgia's Foreign Minister Mikheil Janelidze and Minister of Economy and Sustainable Development Giorgi Gakharia.
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.
Georgian Prime Minister Giorgi Kvirikashvili met today with representatives of the China Tianchen Engineering Corporation (TCC). The parties discussed Georgia's investment potential and prospects of cooperation.
At the meeting, the growing dynamics of the economic and investment relations between Georgia and China were emphasized, and the importance of the free trade agreement was pointed out.
The discussions also involved the Georgian Oil and Gas Corporation's ongoing project, Gardabani Thermal Power Station 2, which is implemented by TCC. The parties expressed hope that Gardabani Thermal Power Station will prove yet another important energy contributor to Georgia's power grid and an important step strengthening the country's energy security.
TCC is one of the largest engineering and industrial corporations in China, with its engineering projects covering over 30 countries. TCC has impressive experience in constructing underground natural gas storage and combined cycle power generators.
Held at the Administration of the Government, the meeting was attended by Deputy Prime Minister and Energy Minister Kakha Kaladze, Minister of Economy and Sustainable Development Giorgi Gakharia, Georgian Oil and Gas Corporation CEO Davit Tvalabeishvii, and Deputy Minister of Energy Ilia Eloshvili.
fter endorsement of the agenda, the floor was given to MPs. Critical statements by Minority MPs were concerning Rustavi2 proceedings, economic situation, economic program of the Government, legislative initiatives of the PM announced yesterday and the changes to the law on occupation. Majority MPs responded to the criticism. Levan Koberidze in response to Rustavi2 statement, state – “Rustavi2 issue is the subject of private property right and each of us, the whole team would like to accomplish the case to prevent remaining questions. Our primary task is to define the foreign and domestic course of the country and we are all equally responsible for the results we will encounter”.
The Chair of the Budget and Finance Committee, Irakli Kovzanadze echoed the new legislative initiatives of the Government. The Government made an important decision on dollarization to have the positive impact on macro-economic stability. “I would like to assure my colleagues that the measures announced by the PM are to be hailed and serve as a good example of cooperation”.
The Chair of the Health Care and Social Issues Committee, Akaki Zoidze introduced the increasing statistic of tobacco usage and initiated prohibition of smoking in Tbilisi and Kutaisi Parliaments. Manana Kobakhidze in response to accusations by Minority, reminded the estimations by the PACE Committee. “The Committee stated that Georgia is a model of European choice in the region. These conclusions were made deriving from the estimations by CoE Observation Mission, the last report of which was introduced at the sitting”.
After the statements, MPs resumed with agenda.
Four draft resolutions were introduced by the Chair of Procedural Issues and Rules Committee, Giorgi Kakhiani – termination of authority ahead of time for MPs: Giorgi Kvirikashvili, Kakha Kaladze, Giorgi Gakharia and Sandra Roelofs. The authority of Giorgi Kvirikashvili, Kakha Kaladze, Giorgi Gakharia is terminated due to their appointment on the Governmental positions and authority of Sandra Roelofs is terminated on the basis of the personal statement.
MPs also considered sundry documents for ratification: Loan Agreement between Georgia and ADB (ordinary transactions)(internal resource mobilization improvement for inclusive growth program – sub-program 3).
According to the reporter, the Deputy-Finance Minister, Giorgi Kakauridze, ADB, in view of state and private investment development, will allocate 100 ml USD for Georgia. The Loan Agreement between Georgia and IBRD of September 3, 2014 (E-transmission line enhancement project), Change N1 was introduced by G. Kakauridze. IBRD financially supports E-transmission line enhancement project with allocation of 60 ml USD loan. Loan duration is 25 years, 10 years amongst which are preferential and the interest rate is variable based on LIBOR. The single administration commission fee of the loan constitutes 0.25%.
The Parliamentary Secretary of the Government, Shalva Tadumadze introduced the Agreement between Georgia and EU on Exchange and Protection Security Procedures of Classified Information. The Agreement is a frame document and Georgia has signed similar documents with 17 countries, including EU and NATO member states. Ratification will facilitate to effective cooperation between EU and Georgia.
MPs considered two draft resolutions on expediency and inexpediency of further consideration of the drafts initiated by the preceding Parliament, introduced by the Chair of Legal Issues Committee, Eka Beselia. 32 drafts were considered expedient to be considered and 9 drafts – inexpedient.
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.
Three new faces in the new Cabinet of Minister – Giorgi Gakharia, Zurab Alavidze and Viktor Dolidze.
Giorgi Gakharia will take the post of Economy and Sustainable Development Ministry of Georgia. Zurab Alavidze will be Minister of Infrastructure and Viktor Dolidze will take the post of the State Minister for European and Euro Atlantic Integration of Georgia.
As Giorgi Kvirikashvili said, all of them are qualified politicians.