Economic Press Monitor
September 22, 2011
IN THIS ISSUE:
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| 1. |
“HSBC” BANK’S DECISION TO QUIT GEORGIAN MARKET WAS THE MATTER OF COMPETITION
Finances & Banking
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Zurab Gvasalia, head of Georgian Banks Association, considers that HSBC’s decision on leaving Georgian market is clearly connected with the competition. HSBC was oriented on the corporate service, funding mainly trade operations.
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WHY THE GOVERNMENT RETURNS BACK “LOTTERY COMPANY”’S SHARES
Companies
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The article reports that Georgian Lottery Company has handed over share of 70% to the state-owned LLC Georgian Post in August. Since 2009, this private company holds 15-year licence for all kinds of lotteries in Georgia.
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| 3. |
ISSUES FOLLOWING FROM BYPASS RAILWAY PROJECT
Conflict and Court
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Legal Service of LLC Georgian Railway declares that they have done all their best in order to satisfy everybody during implementation of Tbilisi bypass railway project (the matter concerns population, residing in the project area). However, the newspaper notes that number of discontent people is not low.
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