Governing for Growth (G4g) in Georgia Final Report August 20, 2014 – October 31, 2019 (Public)

Total Page:16

File Type:pdf, Size:1020Kb

Governing for Growth (G4g) in Georgia Final Report August 20, 2014 – October 31, 2019 (Public) 3 GOVERNING FOR GROWTH (G4G) IN GEORGIA FINAL REPORT AUGUST 20, 2014 – OCTOBER 31, 2019 (PUBLIC) USAID GOVERNING FOR GROWTH (G4G) IN GEORGIA 31 October 2019 This publication was produced for review by the United States Agency for International Development. It was prepared by Deloitte Consulting LLP. The author’s views expressed in this publication do not necessarily reflect the views of the United States Agency for International Development or the United States Government. This document contains information that is proprietary and confidential to Deloitte Consulting LLP. and/or affiliates or its technical alliance partners, which shall not be duplicated, used, or disclosed in whole or in part without Deloitte's express written permission. GOVERNING FOR GROWTH (G4G) IN GEORGIA FINAL REPORT AUGUST 20, 2014 – OCTOBER 31, 2019 USAID GOVERNING FOR GROWTH (G4G) IN GEORGIA CONTRACT NUMBER: AID-114-C-14-00007 DELOITTE CONSULTING LLP USAID | GEORGIA USAID CONTRACTING OFFICER’S REPRESENTATIVE: PHILIP GREENE AUTHOR(S): G4G STAFF CONTRACT REPORTING: 6000 31 OCTOBER 2019 DISCLAIMER: This publication was produced for review by the United States Agency for International Development. It was prepared by Deloitte Consulting LLP. The author’s views expressed in this publication do not necessarily reflect the views of the United States Agency for International Development or the United States Government. This document contains information that is proprietary and confidential to Deloitte Consulting LLP. and/or affiliates or its technical alliance partners, which shall not be duplicated, used or disclosed in whole or in part without Deloitte's express written permission. USAID | GOVERNING FOR GROWTH (G4G) IN GEORGIA FINAL REPORT AUGUST 20, 2014 – OCTOBER 31, 2019 2 ACRONYMS AA Association Agreement AAFA Association of Actuaries and Financial Analysts ABCO Association of Business Consulting Organizations of Georgia ACCESS Advancing CSO Capacities and Engaging Society for Sustainability ACT Analysis Consulting Team AD Analytical Department ADB Asian Development Bank ADR Alternative Dispute Resolution AEO Authorized Economic Operator AFD French Development Agency AFG Association of Freight Forwarders of Georgia AIC Fund Abkhazintercont AIESEC Association of Students in Economic and Commercial Sciences AIF Alternative Investment Funds ALFG Association of Law Firms of Georgia AmCham American Chamber of Commerce APMA Agricultural Project Management Agency ARI Angel Resource Institute AYEG Association of Young Economists of Georgia AYPEG Association of Young Professionals in Energy of Georgia BA Business Association BAG Business Association of Georgia BAU Business as Usual BEC Business and Economic Centre BI Behavioral Insights BRIPA Business Rehabilitation and Insolvency Practitioner’s Association CAA Certified Actuarial Analyst CCAF Cambridge Center for Alternative Finance CCC Culture of Collaborative Consultations USAID | GOVERNING FOR GROWTH (G4G) IN GEORGIA FINAL REPORT AUGUST 20, 2014 – OCTOBER 31, 2019 3 CENN Caucasus Environmental NGO Network CI Confidential Information CIPE Center for International Private Enterprise CIS Commonwealth of Independent States CIT Corporate Income Tax CIU Caucasus International University CLDP Commercial Law Development Program CMWG Capital Markets Working Group CO Contracting Officer CoI Conflict of Interest CoP Chief of Party CoR Contracting Officer’s Representative CPSR Certified Procurement System Readiness CSI Civil Society Institute CSO Civil Society Organization CTC Caucasus Transit Corridor CVA Company Voluntary Arrangement CzDA Czech Development Agency DAM Day-Ahead Market DANIDA Danish International Development Agency DAP Day-Ahead Planning DC Defined Contribution DCFTA Deep and Comprehensive Free Trade Area DCMA Defense Contracting Management Agency DDL Development Data Library DEA Data Exchange Agency DEC Development Experience Clearinghouse DRM Domestic Resource Mobilization DSO Distribution System Operator DWV German Business Association USAID | GOVERNING FOR GROWTH (G4G) IN GEORGIA FINAL REPORT AUGUST 20, 2014 – OCTOBER 31, 2019 4 EaP Eastern Partnership EBA European Business Association EBRD European Bank for Reconstruction and Development EC European Commission ECA Eastern Europe and Central Asia EC-LEDS Enhancing Capacity for Low Emission Development Strategies ECS Energy Community Secretariat ED Environment and Development EDA Enterprise Development Agency EEC Energy Efficiency Center EF Environmental Flow EIA Environmental Impact Assessment EIEC Environmental Information and Education Center EMC Electromagnetic Compatibility EMCAS Electricity Market Complex Adaptive System EMRA Turkish Energy Market Regulation Authority EnCT European Energy Community Treaty ENVSEC Environment and Security Initiative EPAC Economic Policy Advocacy Coalition EPI Economic Prosperity Initiative EPIAS Turkish Market Operator EPRC Economic Policy Research Center ESCO Electricity System Commercial Operator ETA Energy Traders Association ETD Association of Turkish Energy Traders ETM Electricity Trading Mechanism ETTP Energy Traders Training Program EU European Union EBA European Business Association FABLAB Fabrication Lab USAID | GOVERNING FOR GROWTH (G4G) IN GEORGIA FINAL REPORT AUGUST 20, 2014 – OCTOBER 31, 2019 5 FABSHOP Fabrication Shop FAR Federal Acquisition Regulation FCPA Foreign Corrupt Practices Act FDI Foreign Direct Investment FIZ Free Industrial Zone FLN Field Leadership Network FREMA Free Market Advocacy FSA Food Safety Agency FX Foreign Exchange FXBDA Foreign Exchange and Bond Dealers Association FXGC FX Global Code G4G Governing for Growth in Georgia GA Georgian Amelioration GAMMA Georgian Environmental Consulting Company – LLC “GAMMA” GAU Georgian American University GBA Georgian Bar Association GCCI Georgian Chamber of Commerce and Industry GCF Georgian Co-Investment Fund GCI Global Competitiveness Index GDP Gross Domestic Product GEA Georgian Employers Association GEDF Georgian Energy Development Fund GEL Georgian Lari GEMM Georgian Electricity Market Model GEO Georgia’s Environmental Outlook GDBA Georgian Distribution Business Association Geostat National Statistics Office of Georgia GET German Economic Team GEW Global Entrepreneurship Week GFA Georgian Farmers Association USAID | GOVERNING FOR GROWTH (G4G) IN GEORGIA FINAL REPORT AUGUST 20, 2014 – OCTOBER 31, 2019 6 GFSIS Georgian Foundation for Strategic and International Studies GFXC Global FX Committee GGF Good Governance Fund GGI Good Governance Initiative GHA Georgian Hydropower Association GIA Georgian Insurance Association GIB Georgian Institute of Building GIG Georgian Industrial Group GIG Energy Georgian Investment Group Energy GII Global Innovation Index GILMD Georgia Irrigation and Land Market Development Project GIPA Georgian Institute of Public Administration GIRCA Georgian International Road Carriers Association GIS Geographic Information System GITA Georgian Innovation and Technology Agency GITOA Georgian Incoming Tour Operators Association GITR Global Information Technology Report GiZ German Society for International Cooperation GLIP Georgian Lawyers for Independent Profession GLNA Georgian Lawyer’s National Association GMFTA Georgia’s Financial Market and Treasuries Association GNARE Georgian National Association of Real Estate GNCC Georgian National Communications Commission GNERC Georgian Energy and Water Supply Regulatory Commission GNTA Georgian National Tourism Administration GoG Government of Georgia GoGC Georgian Oil and Gas Corporation GPA Government Procurement Agreement GRDS Georgian Resource Development Service GREDA Georgian Renewable Energy Development Association USAID | GOVERNING FOR GROWTH (G4G) IN GEORGIA FINAL REPORT AUGUST 20, 2014 – OCTOBER 31, 2019 7 GTA Georgian Tourism Association GS Gauging Station GSE Georgian State Electrosystem GSMEA Georgian Small and Medium Enterprise Association GTU Georgian Technical University GU Georgian University GWBA Georgian Women Business Association GWP Georgian Water and Power GYLA Georgian Young Lawyer’s Association HACCP Hazard Analysis and Critical Control Points HEPA Hazelnut Exporters and Producers Association HICD Human Institutional Capacity Development HIPP Hydropower Investment Promotion Project HPEP Hydro Power and Energy Planning Project HPP Hydro Power Plant HRPA HumanResources Professional Association I&D Irrigation and Drainage IBC International Building Code IBEDC International Business and Economic Development Center IBSU International Black Sea University IC Investors Council ICC International Chamber of Commerce ICCA Infrastructure Construction Companies Association ICDC Institutional Capacity Development Center ICT Information and Communications Technology IDFI Institute for Development of Freedom of Information IEE Initial Environmental Examination IFC International Finance Corporation IFI International Financial Institution IFoA Institute and Faculty of Actuaries USAID | GOVERNING FOR GROWTH (G4G) IN GEORGIA FINAL REPORT AUGUST 20, 2014 – OCTOBER 31, 2019 8 IFRS International Financial Reporting Standards IHE Institute for Higher Education ILIAUNI Ilia State University ILMD Irrigation and Land Market Development IMF International Monetary Fund INRMW Integrated Natural Resources Management in Watersheds IOH Insolvency Office Holder IOSCO International Organization of Securities Commissions IP Intellectual Property IRATF Insolvency Reform Advocacy Task Force ISET-PI International School of Economics at Tbilisi State University Policy Institute ISO International
Recommended publications
  • Strategy for Georgia
    DOCUMENT OF THE EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT STRATEGY FOR GEORGIA As approved by the Board of Directors at its meeting on 4 September 2013 TABLE OF CONTENTS EXECUTIVE SUMMARY ......................................................................................... 1 1. THE BANK'S PORTFOLIO ............................................................................. 4 1.1. Overview over Bank activities to date ........................................................... 4 1.2. Implementation of the previous Country Strategy ......................................... 5 1.3. Transition impact of the Bank's portfolio ...................................................... 6 2. OPERATIONAL ENVIRONMENT ................................................................. 8 2.1. Political context ............................................................................................. 8 2.2. Macroeconomic context ................................................................................. 8 2.3. Structural reform context ............................................................................... 9 2.4. Business environment .................................................................................. 10 2.5. Social context ............................................................................................... 10 2.6. Legal context ................................................................................................ 12 2.7. Energy efficiency and climate change context ...........................................
    [Show full text]
  • წელი Years წელი Years მისალმება a Word from Our Partners
    წელი YEARS წელი YEARS მისალმება A WORD FROM OUR PARTNERS ძვირფასო მეგობრებო, Dear Clients and Friends, ოხარული ვართ, წარმოგიდგინოთ წინამდებარე t is with great pleasure that we present you this publication პუბლიკაცია, რომელიც ეძღვნება იურიდიული ფირმის dedicated to the milestone 20th anniversary of Mgaloblishvili მ „მგალობლიშვილი, ყიფიანი, ძიძიგური“ I Kipiani Dzidziguri (MKD). (MKD) 20 წლისთავს. We are celebrating 20 years of practice, during which we have grown ჩვენი ფირმის ისტორია მჭიდროდ უკავშირდება საქართველოს step by step together with our country—from the early years of its new- ly-gained independence to the signing of its Association Agreement with უახლეს წარსულს. დამოუკიდებლობის მოპოვებიდან დღეის the European Union, and beyond. Over these past two decades, we have ჩათვლით, როდესაც ყველანი ერთად ვზეიმობთ საქართველოს tried to develop ourselves, to help others to develop, and to make our ევროპულ ოჯახში დაბრუნებას, გავუმკლავდით არაერთ own contribution to the formation of a state of rule of law. Looking ahead, გამოწვევას, ვცდილობდით განვვითარებულიყავით, სხვებსაც much remains to be done, but following this path, facing challenges along დავხმარებოდით განვითარებაში და ჩვენი წვლილი შეგვეტანა the way and supporting our clients in Georgia during these very exciting სამართლებრივი სახელმწიფოს ფორმირებაში. მართალია, developments has been an amazing experience. მთავარი სირთულეები წინ არის, მაგრამ ერთი რამ შეიძლება Our well-established team has worked consistently over this period to დარწმუნებით ითქვას: ქვეყნის განვითარების ამ საინტერესო achieve the best possible results for our clients and business partners, ეტაპებში ჩართულობამ და შესაძლებლობამ, ერთგულად and have always remained dedicated to the highest standards of excel- ვემსახუროთ ჩვენს ბიზნეს პარტნიორებს, ძალიან დიდი, lence in our profession. Many of us have been part of MKD for 10, 15 or საინტერესო და მრავალმხრივი გამოცდილება შეგვძინა.
    [Show full text]
  • GEORGIA (Acting Through the Ministry of Finance of Georgia) U.S.$500,000,000 2.750% Notes Due 2026 ISSUE PRICE: 99.422%
    GEORGIA (acting through the Ministry of Finance of Georgia) U.S.$500,000,000 2.750% Notes due 2026 ISSUE PRICE: 99.422% The U.S.$500,000,000 2.750% Notes due 2026 (the "Notes") to be issued by Georgia, acting through the Ministry of Finance of Georgia (the "Issuer" or "Georgia"), will mature on 22 April 2026 (the "Maturity Date") and, unless previously purchased and cancelled, will be redeemed at their principal amount on that date. The Notes will bear interest from, and including, 22 April 2021 at the rate of 2.750% per annum payable semi-annually in arear on 22 April and 22 October in each year, commencing on 22 October 2021. This Offering Circular comprises neither a prospectus for the purposes of Part VI of the Financial Services and Markets Act 2000 (as amended) (the "FSMA"), a prospectus for the purposes of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (the "UK Prospectus Regulation"), nor listing particulars given in compliance with the listing rules made under Part VI of the FSMA by the UK Financial Conduct Authority (the "FCA") pursuant to the FSMA. Application has been made for the Notes to be admitted to the official list of the FCA (the "Official List") and to trading on the main market (the "Market") of the London Stock Exchange plc (the "London Stock Exchange"). The Notes are being offered (i) in offshore transactions in reliance on, and as defined in, Regulation S (the "Regulation S Notes") under the U.S.
    [Show full text]
  • BG Capital Equity and Bond Conference Agenda*
    BG Capital Equity and Bond Conference Agenda* Thursday, 4 September 2014 Time Topic Speaker 09:00 – 10:00 Registration 10:00 – 10:15 Welcome speech Irakli Gilauri, CEO Bank of Georgia 10:15 – 10:45 Macroeconomic outlook for Georgia Giorgi Kadagidze, Governor of the National Bank of Georgia 10:45 – 11:15 Macroeconomic outlook for Azerbaijan Deputy Governor, Central Bank of Azerbaijan 11:15 - 11:30 Coffee break Panel Chairman: Archil Gachechiladze, Deputy CEO Bank of Georgia Panel members: Panel discussion: “From Caspian to Black Sea”: Giorgi Kadagidze, Governor NBG 11:30 – 12:30 Development and Investment opportunities in the Caucasus Ministry of Finance of Georgia region Ministry of Finance of Azerbaijan PASHA Holding Giorgi Bachiashvili, CEO of Georgian Co- Investment Fund 12:30 – 14:00 Lunch 14:00 – 18:00 One-on-one meetings 1 Adjara Bet Potential equity issuer 2 Bank of Georgia Asset Management Investment funds 3 Georgian Co-Investment Fund Multi-billion Georgian equity investment fund 4 Georgian Industrial Group Potential local bond issuer 5 Georgian Leasing company (subsidiary of BoG) Potential local bond issuer 6 Georgian Oil and Gas Corporation Existing bond issuer with US$250 mn outstanding 7 Georgian Railway (GR) US$500 mn Eurobonds issued 8 International Bank of Azerbaijan (IBA) US$500 mn Eurobonds issued 9 Liberty Bank Listed on the Georgian Stock Exchange 10 M2 Real Estate (subsidiary of Bank of Georgia) US$15 mn local bonds issued 11 Ministry of Finance of Azerbaijan (sovereign bond issuer) US$1,200 mn international bonds issued 12 Ministry of Finance of Georgia (sovereign bond issuer) US$500 mn Eurobonds issued 13 Nikora Potential local bond issuer 14 PASHA Bank Potential bond and equity issuer 15 Rustavi Azot Potential equity issuer 16 Silknet Potential bond issuer 17 State Oil Company of Azerbaijan (SOCAR) US$1,500 mn Eurobonds issued 18 TBC Bank Listed on the London Stock Exchange (GDRs) 19 Teliani Valley Listed on the Georgian Stock Exchange 20:00- 23:00 Dinner Please see the company profiles below.
    [Show full text]
  • Georgia RISK & COMPLIANCE REPORT DATE: March 2018
    Georgia RISK & COMPLIANCE REPORT DATE: March 2018 KNOWYOURCOUNTRY.COM Executive Summary - Georgia Sanctions: None FAFT list of AML No Deficient Countries US Dept of State Money Laundering Assessment Higher Risk Areas: Not on EU White list equivalent jurisdictions Failed States Index (Political Issues)(Average Score) Non - Compliance with FATF 40 + 9 Recommendations Medium Risk Areas: Corruption Index (Transparency International & W.G.I.) World Governance Indicators (Average Score) Major Investment Areas: Agriculture - products: citrus, grapes, tea, hazelnuts, vegetables; livestock Industries: steel, machine tools, electrical appliances, mining (manganese, copper, and gold), chemicals, wood products, wine Exports - commodities: vehicles, ferro-alloys, fertilizers, nuts, scrap metal, gold, copper ores Exports - partners: Azerbaijan 13.8%, US 8.5%, Germany 8.3%, Bulgaria 7.4%, Kazakhstan 7%, Turkey 6.4%, Ukraine 6.3%, Lebanon 5.7%, Canada 4.2% (2012) Imports - commodities: fuels, vehicles, machinery and parts, grain and other foods, pharmaceuticals Imports - partners: Turkey 13.9%, China 8.2%, Ukraine 8.2%, Russia 7.4%, Azerbaijan 7.1%, US 6%, Germany 5.6%, Bulgaria 4% (2012) 1 Investment Restrictions: Georgia is open to foreign investment, and the Georgia National Investment Agency is implementing an aggressive marketing campaign to encourage more foreign investors to come to Georgia. Exceptions to national treatment may be made by Georgia for investments in maritime fisheries; air and maritime transport and related activities; ownership of broadcast, common carrier, or aeronautical radio stations; communications satellites Foreign individuals and companies are restricted from holding agricultural land in Georgia. However, according to the US Department of State 2012, there is a loophole in which agricultural land can be purchased by non-nationals and then transferred under the name of a Georgian entity; thus, land can be up to 100% foreign-owned.
    [Show full text]
  • Review of Fisheries and Aquaculture Development Potentials in Georgia
    FAO Fisheries and Aquaculture Circular No. 1055/1 REU/C1055/1(En) ISSN 2070-6065 REVIEW OF FISHERIES AND AQUACULTURE DEVELOPMENT POTENTIALS IN GEORGIA Copies of FAO publications can be requested from: Sales and Marketing Group Office of Knowledge Exchange, Research and Extension Food and Agriculture Organization of the United Nations E-mail: [email protected] Fax: +39 06 57053360 Web site: www.fao.org/icatalog/inter-e.htm FAO Fisheries and Aquaculture Circular No. 1055/1 REU/C1055/1 (En) REVIEW OF FISHERIES AND AQUACULTURE DEVELOPMENT POTENTIALS IN GEORGIA by Marina Khavtasi † Senior Specialist Department of Integrated Environmental Management and Biodiversity Ministry of the Environment Protection and Natural Resources Tbilisi, Georgia Marina Makarova Head of Division Water Resources Protection Ministry of the Environment Protection and Natural Resources Tbilisi, Georgia Irina Lomashvili Senior Specialist Department of Integrated Environmental Management and Biodiversity Ministry of the Environment Protection and Natural Resources Tbilisi, Georgia Archil Phartsvania National Consultant Thomas Moth-Poulsen Fishery Officer FAO Regional Office for Europe and Central Asia Budapest, Hungary András Woynarovich FAO Consultant FOOD AND AGRICULTURE ORGANIZATION OF THE UNITED NATIONS Rome, 2010 The designations employed and the presentation of material in this information product do not imply the expression of any opinion whatsoever on the part of the Food and Agriculture Organization of the United Nations (FAO) concerning the legal or development status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries. The mention of specific companies or products of manufacturers, whether or not these have been patented, does not imply that these have been endorsed or recommended by FAO in preference to others of a similar nature that are not mentioned.
    [Show full text]
  • Capital Market Trends in Georgia
    Georgian Capital Market Development, Concepts and Opportunities CENTRAL BANK OF ARMENIA February 7, 2014 Page 1 About BG Capital JSC BG Capital - leader investment bank operating on the Georgian market since 2000 year, has been a member 2010 - The best Frontier of the Bank of Georgia Group since 2005. Market Investment Bank in Central & Eastern Europe BG Capital’s key services include: 2006 & 2007 - The best • Brokerage services in the securities sales & trading process brokerage Company in Georgia • Asset management and nominal ownership • IPOs and Private Placements • Mergers & Acquisitions (M&A) Global Access to Securities • Market analysis, business valuation ICSD (Through BOG Custody) BG Capital’s access to the major stock exchanges, international brokers, and custodians allows us to provide: • Favorable prices on all securities to our clients • Expanding access to international markets • High professional standards and principles Through Trading Lines • Corporate Market-making www.bankofgeorgia.ge/ir BG Capital also has an extensive experience in participating in debt securities primary and secondary market placements and transactions. February 7, 2014 Page 2 About Georgian Stock Exchange As of December 31, 20143 129 companies were admitted on GSE (3 of which V GSE ys are on A and B listing at GSE). In 2013 OTC trades of 38 securities were fixed 0.9% 0.2% 2.5% at GSE, total volume amounted USD 30mn. In the GSE system only 5 securities were traded during 2013 - total trade volume USD 305K. 53.7% - Bank of Georgia Number Trade
    [Show full text]
  • Reserved Domains
    Countries: (.ge; .edu.ge; .org.ge; .net.ge; .pvt.ge; .school.ge) afghanistan cameroon ghana lebanon nigeria spain zambia albania canada greece lesotho norway srilanka zimbabwe algeria centralafricanrepublic grenada liberia oman sudan andorra chad guatemala libya pakistan suriname angola chile guinea liechtenstein palau swaziland antiguaandbarbuda china guinea-bissau lithuania palestina sweden argentina colombia guyana luxembourg panama switzerland armenia comoros haiti macau papuanewguinea syria aruba congo honduras macedonia paraguay taiwan australia costarica hongkong madagascar peru tajikistan austria croatia hungary malawi philippines tanzania azerbaijan cuba iceland malaysia poland thailand bahama curacao india maldives portugal timor-leste bahrain cyprus indonesia mali qatar togo bangladesh czechia iran malta romania tonga barbados denmark iraq marshallislands russia trinidadandtobago belarus djibouti ireland mauritania rwanda tunisia belgium dominica israel mauritius saintlucia turkey belize dominicanrepublic italy mexico samoa turkmenistan benin ecuador jamaica micronesia sanmarino tuvalu bhutan egypt japan moldova saudiarabia uganda birma elsalvador jordan monaco senegal ukraine bolivia equatorialguinea kazakhstan mongolia serbia unitedarabemirates bosniaandherzegovina eritrea kenya montenegro seychelles uk botswana estonia kiribati morocco sierraleone england brazil ethiopia northkorea mozambique singapore unitedkingdom brunei fiji korea namibia sintmaarten uruguay bulgaria finland southkorea nauru slovakia uzbekistan burkinafaso
    [Show full text]
  • National Report on the State of the Environment of Georgia
    National Report on the State of the Environment of Georgia 2007 - 2009 FOREWORD This National Report on the State of Environment 2007-2009 has been developed in accordance with the Article 14 of the Law of Georgia on Environmental Protection and the Presidential Decree N 389 of 25 June 1999 on the Rules of Development of National Report on the State of Environment. According to the Georgian legislation, for the purpose of public information the National Report on the State of Environment shall be developed once every three years. 2007-2009 National Report was approved on 9 December 2011. National Report is a summarizing document of all existing information on the state of the environment of Georgia complexly analyzing the state of the environment of Georgia for 2007-2009. The document describes the main directions of environmental policy of the country, presents information on the qualita- tive state of the environment, also presents information on the outcomes of the environmental activities carried out within the frames of international relations, and gives the analysis of environmental impact of different economic sectors. National Report is comprised of 8 Parts and 21 chapters: • Qualitative state of environment (atmospheric air, water resources, land resources, natural disasters, biodiversity, wastes and chemicals, ionizing radiation), • Environmental impact of different economic sectors (agriculture, forestry, transport, industry and en- ergy sector), • Environmental protection management (environmental policy and planning, environmental regula- tion and monitoring, environmental education and awareness raising). In the development of the present State of Environment (SOE) the Ministry of Environment Protection was assisted by the EU funded Project Support to the Improvement of the Environmental Governance in Georgia.
    [Show full text]
  • Doing Business and Investing in Georgia
    www.pwc.com/ge DOING BUSINESS AND INVESTING IN GEORGIA 2020 Edition A guide covering everything you need to know about doing business in Georgia – from corporate and labour law to finance, regulatory matters and tax. Guide to Doing Business and Investing in Georgia 2020 Edition Doing Business and Investing in Georgia By PricewaterhouseCoopers Georgia LLC This guide has been prepared for the assistance of those interested in doing business in Georgia. It does not cover exhaustively the subjects it treats, but is intended to answer some of the important, broad questions that may arise. When specific problems occur in practice, it will often be necessary to refer to the laws, regulations and legal decisions of the country and to obtain appropriate professional advice. Whilst we have made every attempt to ensure the information contained in this guide is accurate, neither PwC nor the author can accept any responsibility for errors or omissions in the factual content. The material contained in this guide reflects the position as of December 2019. Doing Business and Investing in Georgia 1 2020 Edition Content Office location in Georgia ....................... 4 7 Tax System and Administration ...... 32 1 Georgia Profile ................................... 7 7.1 Tax system ............................................... 32 1.1 Introduction .............................................. 7 7.2 Direct and indirect tax burden ............... 32 1.2 Government structure............................... 7 7.3 Principal taxes ......................................... 32 1.3 Legal system .............................................. 7 7.4 Legislative framework ............................. 32 1.4 People ........................................................ 8 7.5 Tax treaties .............................................. 33 1.5 Economy .................................................... 8 7.6 Administration of the tax system ........... 33 1.6 Foreign trade ............................................ 11 7.7 Registration requirements .....................
    [Show full text]
  • Explore! Summer in Georgia
    A CULTURAL CALENDAR OF EVERYTHING YOU NEED IMPROVING ACCESS EVENTS, PERFORMANCES, TO KNOW ABOUT THE TO FINANCE IN EXHIBITIONS AND FESTIVALS YOUTH OLYMPIC GAMES GEORGIA IN GEORGIA Investor.A Magazine Of The American Chamber Of Commerce In Georgia geISSUE 45 JUNE-JULY 2015 Explore! Summer in Georgia JUNE-JULY/2015 • Investor.ge | 3 Investor.ge CONTENT 6 EBRD Signs Deals Worth $55 Million During Annual Meeting 7 Georgian Economy Will Grow Stronger in 2016 – IMF, EBRD 8 Exchange Rates and the Car Market. Why the Declining GEL is Not What You Think 17 12 Improving Access to Finance in Georgia 15 Georgia’s EU Association Agreement: A Clear Winner for “Soft” Economy Sectors 17 Nergeta’s Successful Export: Sharing Our Lessons 19 Five Months On: Armenia In The Eurasian Union 21 The Effects Of Investments In Clean Energy In Georgia 30 22 Breaking The Mold: Creating A New Kind Of Library For Georgia 26 Innovation, Wonder And Awe: Creating Spaces For Children To Explore 30 A Cultural Calendar of Events, Performances, Exhibitions and Festivals in Georgia 36 Everything You Need to Know about the Youth 36 Olympic Games 38 Georgia’s Crying Mountains: A Journey To Mtirala National Park 40 New Frontiers for Georgian Cuisine 42 The Hidden Layers of Rustaveli’s Work 44 NEWS ...... 44 4 | Investor.ge • JUNE-JULY/2015 JUNE-JULY/2015 • Investor.ge | 5 EBRD Signs Deals Worth $55 Million During Annual LLC will be provided to support plans for opportunity for the participants to discuss Meeting local hospitals and the improvement of important economic and investment is- pharmaceutical supplies; and, together sues affecting the EBRD’s region of opera- THE EUROPEAN BANK OF with the EU, a €1.9 million loan will be pro- tions,” he said.
    [Show full text]
  • Georgia Regioonid
    fsou laSifse salxino Salkhino quTufSara avadxara saqarTvelo Ritsa Avadkhara riwa baviu xifsTabaRnari Bagnari fsxu leseliZe Pskhu Leselidze iufSara reSevie GEORGIA Reshevie bzifi das. gumisTa gagra CxalTa Gagra amtyeli aafsTa alaxaZe xifsTa East Gumista aWandara aZibJara Alakhadze miusera Achandara Adzibdjara Miusera Chkhalta biWvinTa Amtkeli kelasuri Bichvinta kliCi Aafsta axalSeni Akhalsheni Rvandra gudauTa abluxvara aJara odiSi Ablukhvara Azhara sakeni Gudauta Amtkeli Gvandra sakeni nakra axali aToni Odishi mramba gumisTa q. ambrolauri Sakeni mazeri Akhali Atoni laTa kodori eSera kelasuri Mazeri mestia kostavas q. 12 Eshera Kelasuri Lata enguri JabeSi jampali nenskra Mestia amzara Djabeshi soxumi waneri Amzara svifi adiSi Sokhumi merxeuli ienaSi maWara Svipi Adishi Merkheuli \ Ienashi ganaxleba usgviri gulrifSi Ganakhleba otafi idliani Otafi Idliani Usgviri Gulripshi dranda Galidzga xaiSi lalxori yoruldaSi Dranda qosleTi Khaishi Lalkhori Koruldashi babuSara tyvarCeli moqvi barjaSi Babushera Tkvarcheli cana zesxo moqvi Barjashi saydari Zeskho tamiSi Tsana Mokvi Sakdari kindRi xeledula luxi galiZga bavari Kindgi xeledi Luji q. gori Bavari tamiSi beslaxuba CxorToli Kheledi lentexi cxeniswyali Tamishi Beslokhuba Chkhortoli Lentekhi stalinis q. 48 lajanuri sasaSi lebarde laskadura Rebi oqumi jvari Sasashi 79422 oCamCire Lebarde Gebi Okumi Jvari gvimbrali luxuniswyali Ochamchire okumi Sovi Gvimbrala aCigvara Chanchakhi Shovi Achigvara faxulani sakaura xde gudava gali saCino xobi uravi WanWaxi Pakhulani cageri asa Gudava Gali Sachino orbeli riweuli Uravi sakao stefanwmida Satili Andak Wuburxinji Tsageri Orbeli Sakao Stepantsmida uwera resi Shatili CxouSi walenjixa lajanuri Chuburkhinji lajanuri lixeTi Utsera Resi Wrebalo Garula Tsalenjikha Lajanuri Likheti oni tergi muco Chrebalo Oni Qqvebi sioni taleri rioni Sioni Mutso ganaxleba jumi Kvedi juTiswyali Taleri xidikari Ganakhleba Chanistskali bari kobi gudani zugdidi Cxorowyu nakuraleSi Khidikari jojora edisi juTa Bari kvaisi Gudani Chkhorotsku Nakuraleshi Edisi Kobi Juta q.
    [Show full text]