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Daily News


April 16, 2014

IN THIS ISSUE:

1. FOREIGN TRADE WITH GOODS INCREASED Y-O-Y BY 17.6% IN Q1
2. REMITTANCES TO GEORGIA INCREASED BY 4.19%, WHILE ONES FROM THE COUNTRY ABROAD – BY 23.07%
3. “GOLDEN CROWN” STILL LEADS ON GEORGIAN MARKET OF REMITTANCES
4. GIORGI BARABADZE APPOINTED AS HEAD OF COMPETITION AGENCY
5. GEORGIA REPRESENTED WITH OWN STAND IN CHINA FOR THE FIRST TIME
6. GEORGIAN WINES EXHIBITED IN PARIS
7. “PLOUGH CARDS” TO BE VALID UNTIL NOVEMBER
8. “GEORGIAN RAILWAY” ANNOUNCED TENDER ON STRATEGY FOR IT DEVELOPMENT
9. GYLA: MINING ON SAKDRISI-KACHAGIANI DEPOSIT IS IMPERMISSIBLE
10. “ENERGOPRO GEORGIA” INSTALLED INDIVIDUAL METERS IN 37 VILLAGES THIS YEAR
11. PROFIT OF “ALDAGI BCI” INCREASED BY 55.5% IN 2013

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1. FOREIGN TRADE WITH GOODS INCREASED Y-O-Y BY 17.6% IN Q1
Economics

Sakstat published preliminary data, saying that Georgia’s trade with goods in the 1st quarter amounted to $2.52 billion (without unorganized trade). If compared with also preliminary data of the same period of 2013, growth made up 17.6%.

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2. REMITTANCES TO GEORGIA INCREASED BY 4.19%, WHILE ONES FROM THE COUNTRY ABROAD – BY 23.07%
Economics

National Bank of Georgia reported that remittances to Georgia amounted in the 1st quarter to $323.55 million. If compared with the same quarter of 2013, the volume has increased by 4.19%.

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3. “GOLDEN CROWN” STILL LEADS ON GEORGIAN MARKET OF REMITTANCES
Business

National Bank of Georgia reported that in terms of remittances, transferred to Georgia in the 1st quarter, the first place is occupied by Golden Crown.

Through this system, $75.76 million was transferred to the country, increasing year-on-year by 18.4% and accounting for 23.41% of the reporting period’s total remittances to Georgia.

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4. GIORGI BARABADZE APPOINTED AS HEAD OF COMPETITION AGENCY
Politics

Prime Minister Irakli Garibashvili appointed Giorgi Barabadze as head of Competition Agency.

As the government said, Barabadze is legal scholar.

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5. GEORGIA REPRESENTED WITH OWN STAND IN CHINA FOR THE FIRST TIME
Economics

Georgian National Tourism Administration declared that Georgian delegation took part in international tourism fair “COTTM 2014”, held on April 9-11 in Beijing. This year, Georgia was represented with own stand for the first time at this event, the Administration said.

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6. GEORGIAN WINES EXHIBITED IN PARIS
Economics

Georgian National Wine Agency reported that exhibition of Georgian wine, accomplished with degustation, was held in Paris office of OIV (International Organization of Wine). The event was organized by the Agency and Georgian embassy to France.

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7. “PLOUGH CARDS” TO BE VALID UNTIL NOVEMBER
Economics

Agriculture Ministry reported that the government decided to extend validity of so-called “plough cards” until November 1.

To remind, the Ministry has started program on land-poor farmers’ spring works assistance on February 1, planning to complete it in August.

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8. “GEORGIAN RAILWAY” ANNOUNCED TENDER ON STRATEGY FOR IT DEVELOPMENT
Business

JSC Georgian Railway announced 2-stage tender on creation and introduction of strategy for IT development. Estimated value of the contract makes up 255,000 lari (VAT exclusive).

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9. GYLA: MINING ON SAKDRISI-KACHAGIANI DEPOSIT IS IMPERMISSIBLE
Society

Georgian Young Lawyers Association (GYLA) declared that decision of the Culture and Monument Protection Ministry to issue permission for company RMG Gold to continue mining works on Sakdrisi-Kachagiani archeological object has to be suspended.

GYLA said that the Ministry has issued the mentioned permission on March 13, while the Association appealed to the government by administrative means on April 11 against of this decision, considering that mining works on archeological object are impermissible.

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10. “ENERGOPRO GEORGIA” INSTALLED INDIVIDUAL METERS IN 37 VILLAGES THIS YEAR
Business

Energy Ministry reported that regional energy distributor EnergoPro Georgia has conducted installation of individual meters in 37 villages since the beginning of the year. As a result, meters were installed for 7,900 consumers in Bolnisi, Gori, Akhalkalaki, Samtredia and other municipalities.

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11. PROFIT OF “ALDAGI BCI” INCREASED BY 55.5% IN 2013
Business

Bank of Georgia Holding reported that profit of its subsidiary insurance company Aldagi BCI amounted in 2013 to 24.17 million lari. If compared with 2012, the profit has increased by 55.5%.

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