According to National Bank of Georgia (NBG), commercial banks’ investments in securities made up 479,720 lari in the 1^st quarter. The volume is by 12.6% increased from the start of 2008, while compared with last year’s same period the growth is 43.3%. More...

As ProCredit Holding supervisory council member Anja Lepp told Sarke, ProCredit Holding plans to increase its share in Georgian ProCredit Bank up to 100% by 2009.

According to Lepp, the strategy of ProCredit Holding is to consolidate all the shares of ProCredit Bank, which will ease making of business decisions. More...

ProCredit Bank plans to open 10-15 branches every year, Philip Pott, the bank director general, has said at the news conference today, noting that the bank aims to be represented by 100 branches in Georgia. At this stage, ProCredit Bank has 45 branches in Georgia. More...

As JSC EnergoPro Georgia informs, network rehabilitation is completed in Jvari settlement of Tsalenjikha district (Samegrelo region), which was held along with individual meters installation process.

As energy company informs, underground communications were changed with 3,600 m special isolated cables. More...

RomPetrol Georgia plans to extend filling stations network, conducting infrastructure modernization and arrangement in Tbilisi as well as in regions in 2008.

Dan Voiku, the company director general, has said at the news conference today that number of filling stations will be increased up to 30. More...

Ajara Finance and Economy Ministry put up to the auction the former editorial office of Ajara newspaper in Batumi afresh. Starting price is envisaged by 2 million lari now. More...

Auction on LLC Batumi Wholesale Trading Center, announced by Ajara Finance and Economic Ministry with starting price 1.8 million lari, has been failed.

As the Ministry commented to Sarke, no application was submitted for the object. More...

Greek company Biar Master has bought unfinished construction with land plot (1,750 square m) in Rustavi at the auction. The object, located on Kostava Avenue (near central bridge), with starting price 98,000 lari was sold by Rustavi City Hall. More...

Russia’s decision on increasing peacekeeper contingent in Abkhazia caused sharp reaction in Tbilisi and anxiety of international community.  Sides talked about the possibility of resuming military actions.

As 24 Saati notes, unilateral decision of Moscow on increasing the contingent was assessed as aggression and intervention in Tbilisi.  If Moscow says that Georgia plans to unleash war, Tbilisi says that war can be avoided, the newspaper writes. More...

Election campaign comes to the home straight (as it is known, parliamentary elections will be held on May 21).  Office for Democratic Institutions and Human Rights of OSCE (ODIHR), which implements monitoring of pre-election process, published interim conclusion about situation of April 10-25.

As 24 Saati notes, conclusion of the Office points at polarized political environment and opposition’s deep distrust to election administration, which also accuses the authorities in intimidation, pressure and bribery of voters.  As a problem, it is pointed at possibility for officials to hold election campaign and use administrative resource, and also the principle of forming single-seat electoral districts, where the voters size sharply differs, which will cause wrong distribution of votes. More...