Georgian English Russian Main Register Company Partners Feedback
Sarke Information Agency
Georgian/English/Russian Menu

Daily News
Economic Press Monitor
Special Report
 
Georgian Business Ethics Web Conference


DAILY NEWS March 24, 2017

COMPETITION AGENCY: EU TO ASSIST RAISE OF HEALTHY COMPETITION ON GEORGIAN MARKET

Georgia’s Competition Agency has announced that the EU will assist growth of healthy competition on Georgian market. Opening ceremony of 2-year project was held in Tbilisi today. More...


GEORGIAN TRADITIONAL FEAST RECEIVED STATUS OF INTANGIBLE CULTURAL HERITAGE

According to decree of director of National Agency of Georgian Cultural Heritage Protection, status of intangible cultural heritage was granted to Georgian traditional feast. Respective data should be reflected in the Monuments State Registry. More...


COALITION OF CIVIL ORGANIZATIONS: QUALITATIVE REFORM OF JUDICIAL SYSTEM SHOULD START IMMEDIATELY

Coalition For Independent and Transparent Justice urged the government “to start qualitative reform of judicial system immediately and apply changes, which necessity is recognized by local or international organizations already for years”.

In current situation, “It is important, the government to recognize these systemic problems, existing in the judicial system, and really target security of independence of the court”, the Coalition stated. More...


NUMBER OF CONVICTS INCREASED IN 2016 BY 3.4%

Sakstat reported that by the end of 2016, number of convicts made up 15,640 (including 838 women), increasing by 3.4%, if compared with 2015 (15,139), and by 43.3%, if compared with 2012 (10,922).

Probationers accounted in the reporting year for biggest share – 6,730 (decrease in comparison with 2015 – 2.8%, increase in comparison with 2012 – 26.9%), while 3,828 persons were subjected to imprisonment (decrease – 13.8% and 13.1%, respectively). More...


PROGRAM OF EMPLOYMENT-ASSISTING SERVICES’ DEVELOPMENT BEGINS

On March 23, the government approved program of employment-assisting services’ development. Respective decree has entered in force after publication (March 24). More...


NBG: 25% OF ELIGIBLE CREDITS CONVERTED WITHIN LARIZATION PROGRAM

National Bank of Georgia (NBG) reported that 5,617 banking credits, issued in foreign currency, were converted in loans in national currency within one-time program of larization, making up $78.66 million in total.

Thus, the program resulted in conversion of 25% of total eligible credits, NBG said. More...


LAND PLOTS IN MESTIA MUNICIPALITY TO BE HANDED OVER TO “NENSKRA HYDRO”

According to the government’s decree, land plots in Mestia municipality (Zemo Svaneti region) will be handed over to JSC Nenskra Hydro through direct selling for symbolic $1. The matter concerns land plots in Chuberi village, totaling to 975,214 square m. More...


CREDITORS OF “GOODWILL” DEMAND TO CHANGE REHABILITATION MANAGER

Tbilisi city court reported that creditors of JSC Goodwill (hypermarket) plan to invite extraordinary meeting. According to the court’s ruling, the meeting will take place on March 28. More...


LLC “GLC” GOT STATE PROPERTY FOR STORAGE FACILITY ARRANGEMENT

According to the government’s decree, state-owned real property has been handed over to LLC GLC through direct selling with purpose of warehouse farming arrangement.

The matter concerns non-agricultural land plot of 5,471 square m with buildings in Tbilisi (Moscow Ave. 25). More...


“BUSINESS DEVELOPMENT” GOT STATE-OWNED PROPERTY IN KOBULETI

According to the government’s decree, state-owned property in Kobuleti is handed over to LLC Business Development through direct selling.

The matter concerns non-agricultural land plot of 591 square m with construction of 50.1 square m, located at Kaikatsishvili Street. More...


ECONOMY MINISTRY: “NATURA TEA COMPANY” TO SELL PRODUCTION AT “AGROHUB” HYPERMARKET

Ministry of Economy and Sustainable Development declared that production of LLC Natura Tea Company will be sold at Tbilisi hypermarket Agrohub.

The company, which was funded within Unified Agro Project (preferential agrocredit), owns tea plantation of 50 ha in Ozurgeti municipality (Guria region) and is focused on ecologically clean production, the Ministry said. More...


ECONOMIC PRESS MONITOR March 24, 2017

Tabula: ““R2” TEAM: WE REFUSE KARAMANISHVILIS’ PROPOSAL, GIVE US “SAKARTVELO”!”

Staff of Rustavi-2 broadcasting company rejected proposal of Karamanishvili brothers, owners of 91% in the company, regarding handing over of 40% to them.

In turn, director of the broadcasting company Nika Gvaramia made a counter-offer, asking Karamanishvili brothers to hand over LLC TV Company Sakartvelo, that holds 51% in Rustavi-2. More...


Tabula: “SERGEENKO ON UNEMPLOYMENT COMPENSATION: OPTIMAL AND REALISTIC MODEL IS NECESSARY”

Labor, Healthcare and Social Protection Minister David Sergeenko confirms that negotiations are held with trade unions concerning unemployment compensation.

“We should adopt the model, which will be optimal and realistic”, the Minister says, pointing that works and consideration of this issue is constantly underway in the Ministry. More...


Bankebi da Finansebi: “TOP 20 MOST ACTIVE COMPANIES IN MEDIA SPACE”

Referring to data of IPM Research media monitoring unit, the newspaper publishes top 20 of companies, which are most frequently covered in media. The monitoring covers the first half of February. More...


Bankebi da Finansebi: “LOANS OF $40M CONVERTED TO LARI IN “TBC BANK””

Deputy director general of TBC Bank Nino Masurashvili reports that the bank has converted to lari loans of $40 million (including ones of bank Republic). This is around 53% of total loans, converted on the market, she notes. More...


SPECIAL REPORT February 17, 2017

REMITTANCES – 2016

In 2016, compared to 2015:

- The volume of remittances increased by 6.6% and amounted to 1.1 bln USD;

- Remittances from Russia, the leading source country, makes up 34.3% of total remittances, a decrease of 8.8%.

- The United States moved from fourth to second place, reaching 11.1% of total remittances;

- The United States is in the first position in terms of remittances per migrant and is 1.2 times higher than remittances per migrant from Russia. More...


Exchange Rates (NBG)
  03/24/17 + / -
  USD   2.4513   0.0004
  EUR   2.6484   0.0041
  RUR   4.2821   0.0216
Announcements
Dear readers,

We wish you Happy New Year with a lot of joyful events and pleasant surprises! Let 2017 be a year of peace, happiness and prosperity for all of you!

We are leaving for Christmas holidays and will resume our operation on January 9.

Sincerely,

Sarke Information Agency

Fujitsu Computer Systems Corporation

© 2017 Sarke Information Agency