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DAILY NEWS May 17, 2013

GEORGIAN PRESIDENT: EVEN CONSIDERATION OF RUSSIAN GAS AS REPLACEMENT OF OTHER SUPPLY IS CATASTROPHICALLY DANGEROUS FOR GEORGIA

Georgian President Mikheil Saakashvili declared that “Even consideration of other gas supply’s replacement with Russian one is catastrophically dangerous for Georgia”. “Ambiguity in these issues is solely within interests of Georgia’s ill-wishers, so we have to be very cautious”, he pointed. More...


FINANCE MINISTER: A LOT OF VAGUE ISSUES STILL REMAIN IN TAX CODE

Finance Minister Nodar Khaduri declared that despite frequent amendments, adopted by the Parliament, Tax Code still consists of many articles, which are vague and equivocal.

The Minister said that his goal is simplification of the Code, especially for small and middle entrepreneurs. More...


FUNDING OF SOCIAL PROGRAMS’ BENEFICIARY STUDENTS TO BE DOUBLED

The government decided at the today’s meeting to double funding for those students, who are beneficiaries of the social programs.

The budgetary allocation for tuition grants makes up 22.8 million lari. More...


WORKS WITHIN 1ST LOT OF KOBULETI BYPASS ROAD CONSTRUCTION TO BE COMPLETED IN AUGUST, WITHIN THE 2ND ONE – IN 2016

Motor Road Department reported that construction of Kobuleti bypassing road is implemented in two lots.

Works with the 1st one (section of 12.5 km length) are scheduled to be completed in August, while within the 2nd one (section 18.8 km), being started in April 2011, should be completed in 2016. More...


INFRASTRUCTURE DAMAGE AFTER NATURAL DISASTER IN KAKHETI AMOUNTS TO 392,000 LARI

Minister of Regional Development and Infrastructure David Narmania declared that damage, caused to Kakheti infrastructure after natural disaster, amounts to 392,000 lari. He said that emergency headquarter has completed inventory in 4 villages of region yesterday. More...


FINANCE MINISTRY’S INVESTIGATION SERVICE: LOSS OF 65M LARI WAS CAUSED TO “GEORGIAN RAILWAY”

Investigation Service of the Finance Ministry declared that loss, caused to Georgian Railway, amounts to 65 million lari.

The matter concerns Georgian Railway’s 5 contracts on cars’ reparation, signed since 2008 with Car Building Plant. More...


“STATE CONSTRUCTION COMPANY” REGISTERED IN “WHITE LIST”

Agency for Competition and State Procurements reported that LLC State Construction Company was registered in so-called “white list” of the Agency. Membership on this list gives the company some preferences during tenders on state procurements. More...


GRAIN TRANSLOADING TERMINAL OPENED IN POTI

Grain transloading terminal was opened today on territory of Poti port. Capacity of terminal, owned by Pace Group, APM Terminal – Poti and Agricom, makes up 500,000 t. More...


GAS SUPPLY TO BE SUSPENDED NEXT WEEK TO SEVERAL DISTRICTS OF TBILISI

Georgian Gas Transportation Company reported that gas supply will be suspended on May 20-25 to consumers of LLC Energounion, LLC Varketili Gas, LLC Kamari and LLC Temka-Bread.

The reason of temporary suspension of gas supply was named construction of Tbilisi bypassing railway, which requires moving of 3 sections of gas pipeline. More...


“LIBERTY BANK” FINISHED Q1 WITH PROFIT OF 318,945 LARI

Liberty Bank reported profit of 318,945 lari for the 1st quarter. If compared with the same period of last year, the volume is dropped almost 4 times. More...


“ACT”: ONLY 40% OF TBILISI’S INTERNET USERS IS AWARE OF ONLINE DISCOUNT SHOPS

Analysis and Consulting Team (ACT) reported only 40% of Internet users in Tbilisi is aware of online discount shops. At that, 68% of them could name neither of them. More...


ECONOMIC PRESS MONITOR May 17, 2013

24 Saati: “KHADURI WITH A REPORT ON PREDECESSORS’ BUDGET”

Yesterday, Finance Minister Nodar Khaduri presented to the Parliament a report on budget-2012, which was adopted and fulfilled by the previous government.

Members of the Parliament majority criticized budget-2012, while members of the minority placed interest on the current budget, instead of 2012. More...


24 Saati: “COMPANY “ASKANELI DZMEBI” HAS APPLIED TO “ROSPOTREBNADZOR””

Wine company Askaneli Dzmebi (Askaneli Brothers) demands explanation from Rospotrebnadzor (Russian sanitary service) in connection with information, spreading in press, concerning quality of the company’s production.

Jimsher Chkhaidze-Askaneli, one of the founders of the company, notes that brandy, which the company sells in 15 countries, has received golden and silver medals. More...


Rezonansi: “GHOST OF LASHA NATSVLISHVILI HAS APPEARED IN “RUSMETAL””

The Prosecutor’s Office accuses Rustavi company Rusmetal of laundering about 2.5 million lari through forgery of documents on silicomanganese export.

In his turn, chairman of the company’s supervisory board Mindia Mindeli (brother of Rustavi Mayor Lasha Mindeli) regards the accusation absurd. More...


Exchange Rates (NBG)
  05/17/13 + / -
  USD   1.6360   0.0026
  EUR   2.1049   0.0037
  RUR   5.2113   0.0044
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Dear readers,

We wish you Happy New Year!

Let 2013 to be joyful, prosperous, peaceful and successful for all of you!

We will return on January 8.

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