Economy Minister announces launch of council for economy’s digital transformation, IT development
In the meeting, the Economy Ministry also presented its views regarding the field of IT in Georgia, the measures the state body had already taken in the direction, as well as future plans in the sector. Photo: Georgian Economy Ministry
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A digital transformation council will be established in Georgia, with the involvement of both the Government and private sector, in order to “fully transform” the economy and develop the field of information technology (IT), Levan Davitashvili, the Georgian Economy Minister, announced on Friday.
During a meeting with IT companies, Davitashvili said the initiative would contribute to the development of the country's economy, employment opportunities and a “mobilisation of additional income”, calling the development of digital technologies “the most promising direction” for Georgia.
In the meeting, the Economy Ministry also presented its views regarding the field of IT in Georgia, the measures the state body had already taken in the direction, as well as future plans in the sector.
The ministry and the private sector also agreed to create a “permanent, effective communication platform” for the business to be able to share its initiatives with the Government, while participants of the meeting also discussed promoting the export of technological products created in the country, and training of professional staff in the field.
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The Georgian government has demonstrated a very high level of crisis management several times, Levan Davitashvili, the Minister of Economy and Sustainable Development, said on Tuesday.
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There are 17 maritime and IT companies in Georgia that have obtained the status of an international company, meaning they are able to enjoy favourable terms of taxation in the country, announces the Ministry of Economy of Georgia.
State-owned real estate will be handed to 98 individuals for the symbolic price of 1 GEL, in addition to registration of their ownership and repayment of loan interests from the state, the Government announced on Monday.
Georgia is approaching the stage where it will introduce a digital national currency in pilot mode, with a “full-scale change” to take several years, Economy Minister Levan Davitashvili said on Wednesday.
The Georgian Government will hand state-owned real estate to 16 individuals and 19 families for the symbolic price of ₾1 ($0.35), the Government Administration said on Monday following a meeting of the Cabinet of Ministers.
The Georgian capital of Tbilisi is scheduled to host the first post-pandemic regional digital summit on September 14, with the event set to promote digital cooperation and bring together delegates from European, Central Asian, South Caucasus states and China, Guram Guramishvili, the Georgian Deputy Minister of Economy and Sustainable Development, said on Tuesday.
Foreign direct investments in Georgia totalled $351.8 million in the second quarter of 2022, marking a 9.1 percent increase compared to the adjusted data of the same period in 2021, the National Statistics Office of Georgia reported in its latest figures on Thursday.
The Georgian central bank plans to roll out a pilot scheme for a digital version of the national currency lari, governor Koba Gvenetadze said on Wednesday.
Ripple, one of the world's leading technology companies, has become the technology partner for the National Bank of Georgia’s digital Lari pilot project, the Bank announced on Thursday.