Dimitry Kumsishvili: “State economic policy is fully supported by the International Monetary Fund”

Published in Economics
Wednesday, 13 December 2017 16:46

“Our state economic policy is fully supported by the International Monetary Fund,” - the First Vice Prime Minister of Georgia, Minister of Economy and Sustainable Development Dimitry Kumsishvili stated at today’s press conference.

Dimitry Kumsishvili highlighted that the board of the International Monetary Fund made a decision to approve the first assessment of Georgia and support the economic policy of our country. Besides, the Minister added that the program of the International Monetary Fund itself is built on the 4-point plan thus supporting the development plan of the Government of Georgia.

As Dimitry Kumsishvili commented, the survey of the International Monetary Fund confirms that Georgia will keep up the economic growth under the conditions of the fall of inflation from the following year.

“It is obvious that Georgia’s foreign position will be improved. The annual budget envisages both fiscal consolidation, as well as all budget parameters for macroeconomic growth,”- the First Vice Minister noted.

Cinema Amirani the closing ceremony of the 18th Tbilisi International Film Festival was held

Published in Culture
Sunday, 10 December 2017 15:48

Today, at the Cinema Amirani the closing ceremony of the 18th Tbilisi International Film Festival was held.

British director and producer Uberto Pasolini was the head of the International Jury, while other jury members were Film Critic and a program coordinator at Seattle International Film Festival Maryna Ajaja (USA), Director and producer Srdjan Dragojevic (Serbia), Actor Stephane Rideau (France) and Literature Critic and Actor Lasha Bakradze (Georgia).

International Competition winners are:

Golden Prometheus for the Best Picture - "Ravens" by Jens Assur (Sweden 2017).

Silver Prometheus for the Best Directing - "The Charmer" by Milad Alami (Denmark/Sweden/France 2017).

International competition jury gave special mention to the following films:

"Scary Mother" by Ana Urushadze (Georgia, Estonia, 2017)
"Scaffolding" by Matan Yair (Israel 2017).


The National Competition - Georgian Panorama is the traditional section uniting this year's most significant Georgian films. The aim of the program is to support and promote Georgian films among the wide audience. For the second time, this year Prometheus was awarded in 3 nominations: The Best Full Feature Film, The Best Short Film and The Best Documentary Film. As for the jury, together with German film critics Erika and Ulrich Gregor, Georgian films were evaluated by British film critic and journalist Carmen Gray.

Best Georgian Fiction Film - "Scary Mother" by Ana Urushadze (Georgia, Estonia, 2017)
Best Georgian Documentary Film - "City Of Sun" by Rati Oneli (Georgia/Netherlands/Qatar/United States of America, 2017)
Best Georgian Short Film - "Ana" by Margo Zubashvili (Georgia, 2017)
Jury Special Mention - "Fishing" by Tornike Bziava (Georgia/France, 2017).


Besides the international and national competition, "The European Union for Georgia" dedicated a special prize to the film with a focus on Human Rights in the frames of Tbilisi International Film Festival. The film was selected from the ten films included in the International Competition. The winner of "The European Union for Georgia" is - "The Charmer" by Milad Alami.

The winner of the Short Film Pitching Workshop organized in frames of Tbilisi IFF Industry Days is Lord of Oneself - Director: Elene Mikaberidze, Producer: Nushi Film/Takes Film.

The winner of full-length film Pitching workshop is Spineless - Director: Grigol Abashidze, Producer: Studio Artizm/Lasha Khalvashi. Writer: Gigisha Abashisze, Alex Chigvinadze.

The 18th International Film Festival Closing film was "Namme" by Georgian director Zaza Khalvashi.

Georgia will become an International Educational Center

Published in Education
Friday, 23 June 2017 10:09

The University City equipped with the largest, state-of-the-arts infrastructure and the newest laboratories in the Caucasus region will be built in Kutaisi. International Charity Foundation “Kartu” will be actively involved in implementation of the program of the international educational center in Georgia as well as in support of the Kutaisi University Complex and other projects. Vice Prime Minister of Georgia, the Minister of Education and Science Aleksandre Jejelava and the Director of the Charity Foundation “Kartu” - Nikoloz Chkhetiani signed the memorandum today.

The priority objective of the education system is to increase the quality of higher education, offering the higher education complying with the labor market demands, to promote internationalization of higher education and to support the lifelong continuous education system. In the field of science development, commercialization of research products and development of innovations, strengthening of international cooperation in research activities, popularization of science in Georgia and promoting of youth involvement are also important. Accordingly, Kutaisi University Complex will become the best mean for achievement and implementation of these objectives and tasks.

President Margvelashvili Hosts the President of Japan International Cooperation Agency

Published in Economics
Tuesday, 13 June 2017 10:51

The President of Georgia, H.E. Giorgi Margvelashvili has held a meeting with the President of Japan International Cooperation Agency (JICA), Mr. Shinichi Kitaoka.
The parties have discussed the successful bilateral relations between the two countries and the prospects of further strengthening cooperation.
The discussion has also touched upon the importance of expanding cooperation with JICA, as well as implementation of various infrastructural and economic projects.
"Japan International Cooperation Agency has opened its office in Tbilisi this year, which also includes both Azerbaijan and Armenia.
Georgia is an interesting country for JICA because of its significant geopolitical location. As you are aware, Georgia connects Asia with Europe. JICA considers Georgia as a country of a great and valuable potential in terms of enhancing trade relations", - stated the Advisor to the President of Georgia in Economic Issues, Ms. Maia Melikidze.
The meeting has also been attended by the Head of the Administration of the President of Georgia Mr. Giorgi Abashishvili, the Secretary of the National Security Council Mr. Davit Rakviashvili, the Advisor to the President of Georgia for Foreign Affairs Mr. Tengiz Pkhaladze and the Advisor to the President of Georgia in Economic Issues Ms. Maia Melikidze.

Belt and Road Forum for International Cooperation will be held in Beijing

Published in World
Thursday, 04 May 2017 14:50

The Belt and Road cooperative initiative, proposed by President Xi Jinping in 2013, aims at promoting multi-beneficial development via enhancing international cooperation, docking development strategies and utilizing complimentary advantages. The Belt and Road Initiative has progressed successfully for more than 3 years. It has become an important international public goods, with broad international cooperative consensus reached, a number of important early outcomes harvested.
To further strengthen the docking of development strategies of countries, and to deepen pragmatic cooperation, the Chinese side will host the Belt and Road Forum for International Cooperation on May 14th and 15th, 2017 in Beijing. It will be an important cooperative platform for each side to jointly discuss and construct the Belt and Road as well as to share mutual beneficial cooperation outcomes, thus is highly concerned by international community.
The Belt and Road Forum for International Cooperation, with openness, inclusiveness and mutual beneficial being its notion, welcomes friends from all over the world. There are more than 100 countries and international organizations, which support and actively participate in the Belt and Road initiative. It is far beyond the traditional understanding of regions along the road. It was extednded westward to the western part of European and Africa, southward to Australia and New Zealand, eastward to South Pacific and Latin America. As a matter of fact, any country agrees the Silkroad spirit of peaceful cooperation, openness, inclusiveness, mutual learning and mutual beneficial, is welcome to be a partner.
On the invitation of the Chinese government, 28 Heads of States and Governments, as well as officials, scholars, entrepreneurs, financiers, journalists from 110 countries have confirmed their participation, including 9 Vice Prime-Ministers, 7 Foreign Minister, 190 Minister-level officials from 92 countries. In addition, 89 leaders and representatives of 61 international organizations will take part as well. Altogether, participants will exceed 1200.
The Belt and Road cooperation between China and Georgia had a good start. Georgia is an important partner of the Belt and Road Initiative, who made great contribution to cooperation in associated areas. H.E. Mr. Kumisishvili, First Vice Prime-Minister and Finance Minister of Georgia, and H.E. Mr. Gakharia, Economy Minister of Georgia will join the high-level meeting of the Belt and Road Forum for International Cooperation this time. The high-level meeting is an important part of the forum, which aims at enhancing exchanges among government, industry and academia, so as to promote pragmatic cooperation in related fields. The Chinese side believes and hopes that First Vice Prime-Minister Kumsishvili and Minister Gakharia, will discuss issues of common interests and cooperation potential with parties, to achieve more pragmatic cooperation outcomes.


Published in Economics
Thursday, 06 April 2017 15:50

The Government of Georgia represented by the LEPL State Agency of Oil and Gas of the Ministry of Energy of Georgia, acting in accordance with the Georgian Law on Oil and Gas, is announcing an Open International Tender on free license Blocks to obtain the blanket license for the use of oil and gas resources.
The parties interested to participate in the Tender shall apply in writing to the Head of the State Agency of Oil and Gas. The State Agency of Oil and Gas will provide with Drop Box link from where interested persons/companies can download Information Packages and/or CD with tender Information Packages to all interested parties without any charge but only at the office of the State Agency. In case requested, the State Agency of Oil and Gas will send tender Information Packages by express post only when such delivery expenses are prepaid by the requesting party.
The information packages will contain the following:
a)General location and coordinates of the tracts;
b)The sample of PSA Agreement applicable for each License Block;
c)The minimum obligatory financial and technical terms for each License Block;
d)The licensing and contracting schedule;
e)The instructions for submitting bids, including the amount of the participation fee and payment instructions.

International Conference for Independent, Qualified and Ethical Profession of Lawyer

Published in Justice
Friday, 17 June 2016 21:59

Over thirty representatives of the Georgian and international bar associations get together at a conference in Tbilisi on 20-21 June 2016 to discuss an independent, qualified and ethical exercise of the lawyer’s profession.

The Conference is organised by the Georgian Bar Association, with assistance from the Council of Europe (CoE), European Union and the United Nations Development Programme (UNDP), and in cooperation with the Council of Bars and Law Societies of Europe (CCBE) and Iv. Javakhishvili Tbilisi State University.

President of Georgia Giorgi Margvelashvili will open the event.

Zaza Khatiashvili, Georgian Bar Association Chair; Cristian Urse, Head of the Council of Europe Office in Georgia; Shombi Sharp, UNDP Resident Representative a.i. in Georgia; Stephen Stork, Deputy Head of Operations Section of the European Union Delegation to Georgia; and Irakli Burduli, Dean of Faculty of Law of Iv. Javakhishvili Tbilisi State University, will address the Conference at an opening session.

The Conference participants will discuss common challenges faced by lawyers and examine best practices in different countries. At the end of the Conference on 21 June, they will present a joint working document that will be published as a reference and guidance for professional associations of lawyers. Improving the quality of the profession of lawyer will in turn ensure the efficiency and fair administration of justice for the citizens of countries concerned.


Published in World
Monday, 07 March 2016 14:28

Paris and Luxembourg Stock Exchange: SESG) announced today that its SES-9 satellite was
successfully launched into space on a SpaceX Falcon 9 rocket from the Cape Canaveral Air
Force Station, Florida. SES-9 roared into space at 6:35 pm East Coast time 00:35 am on 5
March Central European Time and separated from the second stage of the SpaceX rocket 31
minutes later.
SES-9 uses a chemical bi-propellant thruster to conduct major post-launch manoeuvers,
completing its journey to its orbit at 36,000 kilometers above the Equator with an electric
propulsion system. The on-orbit maneuvering throughout the 15 year nominal lifetime of the
satellite will be done entirely by electric propulsion. SES-9 is planned to commence its services
in the third quarter of this year.
SES-9 is SES’s largest satellite to serve the Asia-Pacific region. It weighed 5.3 tonnes at the
launch and has 57 high-power Ku-band transponders – equivalent to 81x36 MHz transponders’
It thus provides significant expansion capacity to serve the buoyant and fast-growing video,
enterprise, mobility and government sectors across Northeast Asia, South Asia, India, Indonesia
and the Philippines. SES-9 will be co-located with another SES satellite, SES-7, at the prime
orbital location of 108.2 degrees East, and will replace the NSS-11 spacecraft at that position.
SES-9 was built by Boeing Satellite Systems International.
“SES-9 is an important building block in our strategy to grow in dynamic regions and four prime
sectors -- video, enterprise, mobility and government,” said Martin Halliwell, Chief Technology
Officer of SES. “Co-located with SES-7, the new satellite will reach 22 million TV homes and is
designed to deliver high-performing connectivity to homes, enterprises and institutions across
Asia. With its dedicated mobility beams, it will help us to capture new opportunities in the
buoyant markets for maritime and aeronautical connectivity. The successful launch of SES-9
also takes us an important step further in our excellent relationship with SpaceX as a launch
provider of growing importance, and is further proof of SpaceX’s professionalism and impressive
performance. I congratulate the SpaceX and SES teams, who together have done an excellent
More information on the launch and the spacecraft:
SES factsheet: www.ses.com/ses-9-factsheet
SpaceX factsheet: http://www.spacex.com/sites/spacex/files/spacex_ses9_press_kit_final.pdf

Page 4 of 4

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