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Tag Archives: Mamuka Bakhtadze

Prime Minister: EU Allocated 3.4 billion EUR for Georgia

Georgia will receive 3.4 billion EUR credit from EU as part of the Trans-European Transport Network initiative. The mentioned investment portfolio has been approved and the funds will be spent on developing new roads, bridges, seaports and other projects, Prime Minister Mamuka Bakhtadze noted. ‘European Union has allocated 3.4 billion …

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Bread Has Risen in Price – Answers from Entrepreneurs

BM.GE has talked with entrepreneurs about growing bread prices. Grain prices have risen on the global market and naturally, this tendency makes influence on a growth in bread prices in Georgia too. Unlike the Government, part of the private sector points to unjust and uncompetitive conditions on the market. Despite …

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Government to Write off about 1.5 billion GEL Debts of Georgian Citizens

On November 19 Prime Minister of Georgia Mamuka Bakhtadze held a news conference and announced government plans for writing off debts of about 600 000 citizens of Georgia that they owe to finance institutions. Bakhtadze made the statement before the government meeting,. “We have conducted long and hard negotiations with …

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PM: Small Business Revenues Doubled in Q3 and Increase is Almost 100%

“Revenues generated by small businesses have doubled in Q3 and the increase is almost 100%” stated Mamuka Bakhtadze, Prime Minister of Georgia at the Press Briefing held prior to the Executive Government Meeting today. As noted by the Head of Government of Georgia, an unprecedented tax regime has been enforced …

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Georgia to Set up Commercial Arbitration of International Chamber of Commerce

Georgia plans to establish a commercial arbitration of International Chamber of Commerce, Prime Minister Mamuka Bakhtadze noted before today’s government meeting. The due agreement will be signed in Paris on December 20, he added. ‘This signifies that, in practice, Georgia will be another country in Europe, which will offer similar …

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IMF Managing Director and PM Discussed Progress Under Georgia’s Economic Reform

Following a meeting with Georgia’s Prime Minister Mamuka Bakhtadze in Washington today, Ms. Christine Lagarde, Managing Director of the International Monetary Fund, made the following statement: “Prime Minister Bakhtadze and I discussed the good progress under Georgia’s economic reform program supported by the IMF’s $285 million Extended Fund Facility. The …

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