Daily News

IN THIS ISSUE:

Sakstat reported that in the 4^th quarter of 2013, average monthly salary of enterprises’ employees made up 898.7 lari. This showing has increased by 8.01%, if compared with the same period of 2012.

President of National Bank of Georgia (NBG) Giorgi Kadagidze does not consider justified to subordinate Financial Monitoring Service to the Finance Ministry. “I think, this will not bring the results, which will assist banking sector development and economic development in general”, he pointed.

President of National Bank of Georgia (NBG) Giorgi Kadagidze declared that main objective for NBG is to ensure price stability in the country, being achieved through monetary policy of NBG. “The more effective monetary policy is, the lower public cost is required to achieve price stability”, he noted.

President of National Bank of Georgia (NBG) Giorgi Kadagidze declared that achievement of economic growth of 5% is quite realistic. “However, risks exist for sure”, he added.

Regional Development and Infrastructure Ministry reported that the Minister David Narmania held a meeting today with representatives of Swedish International Development Agency (SIDA).

The sides reviewed measures, implemented within existing cooperation, and discussed strengthening of future cooperation.

EU representation to Georgia reported that EU will finance 34 new projects of civil society organizations in Georgia. Total grant allotment makes up 4.8 million EUR.

Tbilisi City Council has approved Tbilisi budget-2014 late in the evening today. To remind, City Council has rejected two previous drafts of the budget.

Head of Insurance Association Devi Khechinashvili told Sarke that development of agroinsurance will depend on development of structure of agricultural production and involvement of state.

We are working jointly with the Parliament on agroinsurance assistance project, which “is long-term systematic doing”, Khechinashvili pointed.

Analyst of Institute for Development of Freedom of Information (IDFI) Giorgi Khishtovani points that almost all insurance companies have many small-sized hospitals, while, on the other hand, high debts accumulated toward banking sector.

The expert considers that several companies, participating in the state programs, could be in danger of bankruptcy, which will result in insurance companies’ exit from hospital sector.

Mitsubishi Motors Corporation handed over 5 electric cars I-MiEV to Georgia’s Economy and Sustainable Development Ministry.

Cars’ delivery ceremony was attended by Deputy Economy and Sustainable Minister Natia Mikeladze, Mitsubishi Motors Europe & Middle East corporate general manager Tatsuya Kaji, Japanese ambassador to Georgia Toshio Kaitani, president of Mitsubishi’s Georgian partner Iberia Business Group Tariel Khechikashvili and other officials.

Economy and Sustainable Development Ministry expressed readiness to study existing problems in logistics jointly with Economic Council, established under the Prime Minister.

To remind, 41 logistics companies released a statement on March 3, calling the government to be interested in “toughest problems” in the branch.

State Property Management Agency said that it is involved in litigation, related to JSC Zugdidvachroba (department store Enguri, located in Zugdidi), as damaged party. The mentioned criminal case is considered currently by Kutaisi Court of Appeals.

National Communication Commission reported that total number of mobile networks’ subscribers, applying to portability option in 2013, made up 297,695.

At that, 190,817 subscribers (64.1% of total number) opted for MagtiCom, accounting for 9.8% of total subscribers’ number of this operator.

SilkNet announced action on its optical internet service, offering new subscribers 100 Mbps for 20 lari until end of 2014. Joining the promo action is available until May 1.