Daily News

IN THIS ISSUE:

Sakstat reported that living wage of average consumer made up 137.6 lari in March, while one of average family – 260.7 lari.

In the same period of 2013, these showings made up 131.5 lari and 249 lari (respectively, year-on-year growth – 4.63% and 4.69%).

Georgian National Investment Agency reported about signing of cooperation memorandum with South Korea’s Industrial Federation (FKI), which envisages promotion of economic and investment relations between the two countries.

The document was signed today within Georgia-Korea business seminar, held in Seoul.

Finance and Economy Ministry of Ajara reported that observatory for job market and economic forecasting will be established in the region. Respective project was offered by Polish delegation.

The government endorsed at yesterday’s meeting draft amendment to Administrative Code, being initiated by Interior Ministry, which envisages imposition of penalty for non-paid fine as doubled amount of the fine, but not more than 500 lari.

According to current edition, penalty for non-payment of fine within set 30 days makes up 150 lari, if fine amounts up to 100 lari, and 500 lari, if fine exceeds 100 lari.

According to preliminary data of Sakstat, crops’ area made up 303,800 ha in 2013. If compared with 2012, this area has increased by 17.02%.

National Wine Agency reported that Georgia became chair country of World Wine Trade Group (WWTG). Georgia will chair WWTG during 1 year, until April 2015.

National Wine Agency reported that it has supported participation of 9 Georgian wine companies, engaged in production of so-called “kvevri wine” (kvevri is traditional Georgian sub-ground pitcher for wine storage), in international exhibition of natural wine “Real Wine Fair 2014”. Respective event, being attended by about 150 wineries from around the world, was held on April 13-14 in London.

Economy and Sustainable Development Ministry reported that investors from Belgium, France and other European countries discussed Georgia’s investment opportunities and particular projects at the meeting, held in the Ministry today. Their visit to Georgia is organized by Prince Juan Bagration-Mukhrani, the Ministry noted.

GWP (Tbilisi company of water supply and sewerage) reported about implementation of preventive works on drainage wells in Tbilisi water grid, being launched this month.

The company declared that it plans to restore about 2,700 wells by the end of the year, refraining to disclose the cost.

Bank of Georgia Holdings decided to pay dividends from profit of Sakartvelos Banki (Bank of Georgia, in which Bank of Georgia Holdings owns more than 75%) for 2013. Dividend per share to amount to 2 lari.