Daily News

IN THIS ISSUE:

Sakstat reported that out of enterprises’ total output in the 2^nd quarter (5.68 billion lari), industry accounted for 31.87% (1.81 billion lari). Output of this sector has increased by 9.6% year-on-year and by 9.33% – quarter-on-quarter.

The government reported that as of September 4, wineries of Kakheti region (main winemaking region of Georgia) have processed 10,680 t of grape, increasing the volume 5 times year-on-year.

Total revenue of winegrowers within vintage-2014 has exceeded 16 million lari, the government said.

Investors’ conference, organized by Sakartvelos Banki (Bank of Georgia) and its subsidiary brokerage company Galt&Taggart, held in Tbilisi today. It was devoted to prospects of stock market development in the country.

Establishment of 3 laboratories of industrial innovation was announced at the session of Economic Council, held under chairmanship of the Prime Minister today.

According to the project, one laboratory will be located at the high technologies and innovations development center, which should be built in near future, while two ones – in state universities.

Today, Tbilisi Mayor David Narmania met permanent representative of Asian Development Bank (ADB) in Tbilisi Kate Julian and ADB’s senior specialist of urban transport Bertrand Goalou.

As Narmania declared, ADB “will help us to resume study of the transport development system, which will lay ground for a strategy preparation with support of the bank”.

Tbilisi government decided to establish special commission, which will study issues, related to contracts on municipal property possession. The commission will be headed by first deputy mayor Aleksandre Margishvili.

Inventory of accounts receivable and payable is starting in legal persons of public law and non-profit (non-commercial) legal persons, established by Tbilisi government, as well as in enterprises with 100% participation of the capital’s municipalities.

For that end, Tbilisi government decided to establish inventory commission, which will be headed by deputy mayor Giorgi Khelaia.

Partnership Fund reported profit of 73.57 million lari for 2013. If compared with 2012, the volume has increased by 8%.

The Prime Minister allowed lending to LLC Gudauri Development Agency by National Agency for State Property Management. This loan will be used for payment of costs of initial phase of construction/arrangement artificial snow provision on ski slopes in Gudauri and Bakuriani.

According to report of Bank of Georgia Holdings, number of banking cards, issued by its subsidiary Sakartvelos Banki (Bank of Georgia), reached 1.08 million as of June 30. If compared with the same date of 2013, the number has increased by 18.24%.

According to report of TBC Bank, number of its banking cards reached 626,573 as of June 30. This figure is increased by 2.28% year-on-year.