Armenian Prime Minister Serzh Sargsyan has issued a statement announcing his resignation.
The Tbilisi Academy of Arts is one of those hidden jewels of the capital of Georgia that the country can be proud of.
Archive Calendar
Exchange Rates
23-04-2018
GBP
1
GBP
3.4343
SGD
1
SGD
1.8568
ZAR
10
ZAR
2.0307
EUR
1
EUR
3.0017
Georgia ranked highest in Europe and Central Asia in Doing Business report – Giorgi Kvirikashvili
21:20 31-10-2017
Georgia ranked highest in Europe and Central Asia in Doing Business report – Giorgi Kvirikashvili Georgia advances 7 positions and is ranked highest in Europe & Central Asia in World Bank's Doing Business 2018 report, - Georgia’s Prime Minister Giorgi Kvirikashvili has responded to the World Bank report results according to which Georgia has been ranked in the top ten countries.

As reported by Georgia’s governmental administration, Reforming to Create Jobs ranks Georgia on 9th place among world's 190 countries, highest in Europe and Central Asia. Georgia's score improved by 2.12 points to make up 82.04 points, and the country has advanced from 16th to 9th place. Compared to 2017, in 2018 Georgia surpassed countries like Sweden, Macedonia, Estonia, Finland, Australia, Taiwan (China), and Latvia. Georgia remains exceptional in Europe and Central Asia as a country that has taken important steps toward better and more effective regulations. Country's success in the World Bank's rankings has been predetermined by the Government's effective and coordinated work.

The Government of Georgia has implemented, and continues to implement, reforms that further advance Georgia's position in the World Bank's ratings for next year. Notably, Georgia's positions have improved in 5 indicators:

• Starting a business: 4th place (8th in 2017)
• Getting electricity: 30th place (39th in 2017)
• Protecting minority investors: 2nd place (7th in 2017)
• Enforcing contracts: 7th place (16th in 2017)
• Resolving insolvency: 57th place (106th in 2017)

Compared to the 2013 Doing Business Report (which was published in 2012), Georgia's positions have improved in the following 6 indicators:

• Starting a business: 4th place (7th in 2013)
• Getting electricity: 30th place (50th in 2013)
• Protecting minority investors: 2nd place (19th in 2013)
• Paying taxes: 22nd place (33rd in 2013)
• Enforcing contracts: 7th place (30th in 2013)
• Resolving insolvency: 57th place (81st in 2013)
The 2013 report ranked Georgia 9th. It should be noted, however, that Doing Business changed its methodology after 2013 (qualitative indicators were added to simplicity and speed indicators) and recalculated the results of the previous years.

Georgia's 9th place according to the 2013 report now equaled 23rd. Accordingly, the country has advanced by 14 points compared to 2013. The significant success in the 2018 ranking and the country's international recognition stem from the reforms implemented by the Government of Georgia.

Doing Business finds that Georgia implemented substantive changes in the local regulatory framework in the following areas in 2016-17:

• Getting electricity was made more affordable, by reducing connection costs for new customers.

• Protections for minority investors were strengthened. This was achieved by making it easier to sue directors in cases of prejudicial transactions between interested parties, by increasing shareholder rights and their role in major corporate decisions, and by clarifying ownership and control structures.

• Resolving insolvency was made easier, by making insolvency proceedings more accessible for debtors and creditors, by improving provisions on the treatment of contracts during insolvency, and by granting creditors greater participation in important decisions during the proceedings.

"With tangible reforms implemented in three key areas this year - making electricity more affordable, strengthening minority investor protections, and making resolving insolvency easier - Georgia continues to be a top reformer in the Europe and Central Asia region, and is poised to accelerate inclusive and sustainable growth," said Mercy Tembon, World Bank Regional Director for the South Caucasus. "We commend the Government of Georgia for this remarkable achievement and encourage them to maintain this momentum."



სხვა სიახლეები
Kobakhidze is sure GD presidential candidate to win elections
Each of us will contribute our presidential candidate to win with great advantage,- Irakli Kobakhidze, Chairman of the Parliament and the Executive Secretary of the Georgian Dream party, said
PM - We are not living in illusion, we see very well the problems and challenges facing the country
We are not living in illusion, we see very well the problems and challenges facing the country, "said Giorgi Kvirikashvili, Prime Minister of Georgia, at the conference of the "Georgian Dream-Democratic Georgia "
President Margvelashvili – Georgia will overcome the situation created by Russian barbed wire fences
The President of Georgia hopes that at the next NATO summit world leaders will be able to elaborate a response document to the new Cold War concept of the Russian president. As the president
Foreign citizens to be obliged to use agricultural lands
If physical persons, who are the citizens of a foreign country, do not use the agricultural lands owned by them, they might be obliged to alienate these lands, - Otar Danelia, Chairman
NATO PA President - Stability in the Black Sea Region is important not only for Georgia but also for Europe
Stability in the Black Sea Region is important not only for Georgia but also for Europe, - President of the NATO Parliamentary Assembly, Paolo Alli, said.
"At the meeting
Defence Minister: Russia is controlling the occupied territories, so it’s responsible for all illegal actions there
According to the Georgian Defense Minister Levan Izoria, Russia is exercising control over the occupied territories, so it’s responsible for all actions related to illegality.  Minister commented
Margvelashvili - Russia carries out hybrid, propagandist and informational war against Georgia
President Giorgi Margvelashvili says the challenges facing Georgia are related to the Russian aggression, Russian foreign policy and relations with its neighbors.
The President said during
FM Mikheil Janelidze to visit New York
Georgian Foreign Minister Mikheil Janelidze will pay a working visit to New York on April 23-25,- InterPressNews was informed by the Ministry of Foreign Affairs.
According to the Ministry of Foreign
Parliamentary Delegation to PACE to participate in the Spring Session
Strasbourg will host the PACE spring session on April 23-27.  As the Parliament of Georgia informs, the Parliamentary Delegation of Georgia, headed by the First Vice Speaker, Tamar Chugoshvili, will
Parliament’s Chairman: Russia’s revanchist policy is a major challenge facing the regional security
Even now, when we have gathered and talking here, Moscow intensifies its own military resources in the occupied territories along the region,- Chairman of Parliament of Georgia Irakli Kobakhidze
NATO Parliamentary Assembly President: One day Georgia will join NATO
One day Georgia will become a member of NATO and before it we have to boost our cooperation, the President of the NATO Parliamentary Assembly, Paolo Alli said during his speech
FM – Georgian Foreign Ministry is intensively working on the issue of Georgian sailors, detained in Libya
The Ministry of Foreign Affairs of Georgia, along with partner diplomats, is intensively working on the issue of Georgian sailors, detained in Libya,” Minister of Foreign Affairs Mikheil Janelidze
Georgia to host NATO PA the 97th Rose-Roth Seminar
Georgia will host NATO PA the 97th Rose-Roth Seminar. As IntterPressNews was informed by the Parliament of Georgia, the NATO PA the 97th Rose-Roth Seminar - “Georgia and Black Sea
Russia’s Foreign Ministry spokesperson : relations between Russia and Georgia are gradually improving
Relations between Russia and Georgia are gradually improving, - said Maria Zakharova, a spokesperson for the Russian Foreign Ministry.
"When the Georgian Dream
FM- The report of the US Department of State reflects progress made by Georgia
The report of the US Department of State reflects progress made by Georgia,- Georgian Foreign Minister Mikhail Janelidze told reporters in Batumi, Adjara region
“Deprived Adolescence” - UNFPA Georgia presents the photo exhibition by Daro Sulakauri
UNFPA Georgia presents the photo exhibition by Daro Sulakauri “Deprived of Adolescence” on March 11, 2016, 16:00 at Zurab Tsereteli Museum of Modern Art (MOMA Tbilisi - 27 Rustaveli Av).