Economic Press Monitor

IN THIS ISSUE:

Aleksi Nikolaishvili, director of cargo traffic department at JSC Georgian Railway, declares that “numerous names of cargo is transported from Georgia to Russia through Azerbaijan railway and we hope that this traffic will increase next year”.

“Tense relation with Russia through the years had badly influenced the railway as well, but relations are already settled”, Nikolaishvili points.

In the recent days, lari rate has been sharply devaluated towards the US dollar, reaching 1.7050 GEL/USD, the newspaper notes. The article brings comments on the subject of Georgian Banking Association president Zurab Gvasalia and expert Levan Kalandadze.

Turkish businessman Omer Sari blames Levan Jgarkava, the trustee of businessman Vano Chkhartishvili, in misappropriation of $5 million through fictitious contracts.

According to Mamuka Kakoshadze, representative of Omer Sari, Turkish businessman has owned per 5% in companies Prometko Georgia and GSCo, which have won an international tender on long-term lease of 3^rd, 4^th and 6^th terminals of Poti Port in 2003.