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Economic Press Monitor


October 24, 2014

IN THIS ISSUE:

1. GOLD MINING DECLINED IN GEORGIA
2. IRANIAN AIM TO BUILD OIL REFINERY IN POTI
3. MINISTRY DOES NOT FULFILL COURT-IMPOSED LIABILITIES IN CASE OF AGRARIAN (UNIVERSITY)

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1. GOLD MINING DECLINED IN GEORGIA
Companies

The article points that RMG Gold is the second largest Georgian company in terms of export volume, accounting for 10% of total export. However, production volume is significantly reduced since 2011, which has been reflected on the export as well, the newspaper says.

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2. IRANIAN AIM TO BUILD OIL REFINERY IN POTI
Energy, Oil & Gas

The newspaper reports that the government plans to build oil refinery plant in Poti. Interest to the plant’s construction is expressed by Iranians.

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3. MINISTRY DOES NOT FULFILL COURT-IMPOSED LIABILITIES IN CASE OF AGRARIAN (UNIVERSITY)
Conflict and Court

According to the court decision, Ministry of Economy and Sustainable Development should recognize fulfillment of investment liabilities by Agrarian University.

“However, representatives of Agrarian University claim that the Ministry neglects judge’s decision, roughly violating law by that”, the magazine reports.

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