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The News in Brief

Wednesday, April 18
Ministry of Finance vows to promote competitive projects

The Georgian Minister of Finance, Mamuka Bakhtadze stated on Tuesday that the government is taking steps to help the implementation of competitive projects through a “large-scale” reform plan with several programs.

“Our task is to create financial mechanisms, including relevant involvement of the financial sector, which will allow us carry out competitive projects,” stated Bakhtadze.

Several days ago one of the programs, supporting young entrepreneurs was announced.

“There are more programs like this one, which are more significant. Each program will have its own financial mechanism," said Bakhtadze.

Tbilisi Mayor says some power lines will go underground.

Tbilisi Mayor Kakha Kaladze has stated that those high-voltage power lines, which hinder traffic movement on several streets in the capital, will gradually be removed and installed underground, with the cooperation of the energy provider company Telasi.

“Consultations with Telasi have already been launched. The project is very important as it will ease traffic movement on several streets,” Kaladze said on Tuesday.

Kaladze thanked the energy provider for cooperation and expressed hope that the works will start shortly to ease traffic on Odishelidze, Tashkenti, Sairme and Saburtalo streets.
(By Mariam Chanishvili)