Rezonansi: “HOW REAL IS VISA-FREE COMMUNICATIONS WITH EUROPE IN 2013”
(Economic Press Monitor: September 6, 2012)
Salome Samadashvili, Georgia’s permanent representative in the European Union, decalres that negotiations on association and free trade with EU will be completed by the end of 2013.
During annual ambassadorial, held in Tbilisi yesterday, Samadashvili expressed a hope that by the end of 2013 Georgian citizens would have an opportunity to travel visa-free to the Shengen countries.
“CHARKHMSHENI” FIXED LOSS AGAIN
(Daily News: September 5, 2012)
JSC Charkhmsheni (Tbilisi enterprise, engaged in repair of metal-cutting lathes and manufacturing iron and non-ferrous metalware) reported loss of 90,325 lari for 6 months of the year.
It should be noted that the JSC fixed loss of 165,057 lari in 2010 and 85,308 lari in 2011.
“GWP” PROCEEDS WITH INSTALLATION OF INDIVIDUAL WATER METERS
(Daily News: September 5, 2012)
GWP (Tbilisi water company) reported that arrangement of water metering units in multistorey residential buildings is underway in different districts of Tbilisi from July. By August, works were completed in 35 such houses.
“TAV GEORGIA” TO INVEST EXTRA $65M IN TBILISI AIRPORT
(Daily News: September 5, 2012)
TAV Georgia (Tbilisi and Batumi airports’ operator) announced intention to invest additional $65 million in Tbilisi International Airport. In exchange of this investment, the company’s right on Tbilisi airport management was extended until November 2037 (i.e. by 10 years and 9 months).
Versia: “MANAGER OF PATARKATSISHVILI’S TRUST HAS FILED A LAWSUIT AGAINST CHKHARTISHVILI TO THE GENERAL PROSECUTOR’S OFFICE”
(Economic Press Monitor: September 5, 2012)
The article provides information on assets of billionaire Badri Patarkatsishvili, which were appropriated after his death by his partner Vano Chkhartishvili (former chairman of supervisory board of United Georgian Bank and former minister of economy).
Due to that, Patarkatsishvili’s family litigates with Chkhartishvili, while Yves Baumann, manager of Patarkatsishvili’s trust, has filed a suit to the Prosecutor General’s Office on June 20.
“GEORGIAN RAILWAY” SPENT 1.34M LARI FOR LAND BUYOUT
(Daily News: September 4, 2012)
JSC Georgian Railway reported that 1.34 million lari was already spent for buyout of land sites in terms of railway modernization project.
The company said that individual compensation is envisaged for each landowner, which includes compensation for companies for idle business period and premium of 30% for owners of buildings and businesses.
CONSUMER CONFIDENCE INDEX IMPROVED IN AUGUST
(Daily News: September 4, 2012)
Policy Institute of ISET (International School of Economics at Tbilisi State University) reported that the overall consumer confidence in Georgia increased slightly in August. Namely, the consumer confidence index (CCI) has increased from -23.4% in July to -21.8% in the reporting month.
TBILISI’S SHARE IN TOTAL TURNOVER AND OUTPUT DECLINED IN Q2
(Daily News: September 4, 2012)
Sakstat reported that in the 2nd quarter, Tbilisi accounted for 71.7% of total turnover of Georgian enterprises (9.6 billion lari). In the 1st quarter, this share was 73.8%.
“MATSNE” COMPLETED THE 1ST HALF OF YEAR WITH LOSS
(Daily News: September 3, 2012)
JSC Matsne (press distribution in Tbilisi) reported loss of 50,764 lari for 6 months of the year. While as of June 30, the company fixed zero net profit.
NBG SELLS BUILDING IN TBILISI
(Daily News: September 3, 2012)
National Bank of Georgia (NBG) has announced auction on building in Tbilisi. Starting price of the building, located on Beridze Str. 6, is $1.8 million (equivalent in lari).
CONSTRUCTION OF OVERHEAD ROAD IN TBILISI COMPLETED
(Daily News: September 3, 2012)
Tbilisi City Hall announced on completion of construction of overhead road, linking Kostava Street and Hero Square. Length of new construction of reinforced concrete is 252 m.
ENVIRONMENT PROTECTION MINISTER REPLACED
(Daily News: September 3, 2012)
Press service of Environment Protection Ministry informed that from September, the structure is headed by Giorgi Zedginidze. Since 2009, Zedginidze worked as Deputy Environment Protection Minister.
“SILKNET” ENABLES SUBSCRIBERS TO USE OWN DEVICES IN “S1” NETWORK
(Daily News: August 15, 2012)
Communications operator SilkNet announced that subscribers are permitted now to use own devices in S1 mobile network. For that end, subscriber’s phone should support standard CDMA 800/1900 MHz, the company said.
“GPIH” OFFERS APARTMENT INSURANCE IN BATUMI
(Daily News: August 14, 2012)
Insurance company GPIH announced about start of offering apartment insurance policy Comfort in Batumi. Monthly premium for Standard policy makes up 10 lari, while for Premium one – 20 lari.
Rezonansi: “DEMAND FOR FLAT PROTECTION IS VERY INCREASED”
(Economic Press Monitor: August 14, 2012)
Representatives of security companies declare that demand for their service exists in any season, but especially grows during the summer. However, there is no exact statistics on the subject.
DEVELOPMENT OF “SMART” CHAIN MAY CONTINUE THROUGH EBRD LOAN
(Daily News: August 13, 2012)
EBRD considers allotment of long-term credit for development of Smart supermarket chain. According to the bank, the matter concerns $33 million for opening new outlets in Tbilisi and regions.
“BONAKO” HAD PROFIT IN 2011
(Daily News: August 13, 2012)
Micro-financial company Bonako reported profit of 76,589 lari for 2011. The company had started operations in the end of 2010.
“CONSTANTA” OPENED 13 NEW OUTLETS IN 6 MONTHS OF THE YEAR
(Daily News: August 13, 2012)
Bank Constanta reported that it has opened 13 new branches and service-centers in the first half of the year.
The bank said that following expansion of the network, number of clients also increased, so that number of borrowers reached 39,000 in June.
BRANCH OF TURKISH “ISBANK” STARTED OPERATION IN BATUMI
(Daily News: August 13, 2012)
Ajara government reported that branch of Turkish Isbank started operation in Batumi a few days ago. The branch became a first one of this largest Turkish bank in whole Caucasus region, the government marked.
WORKS STARTED ON RUISI-AGARA SECTION OF EAST-WEST HIGHWAY
(Daily News: August 13, 2012)
Georgian Ministry of Regional Development and Infrastructure reported that works have started on Ruisi-Agara section of East-West highway (E60). The matter concerns road section, having 19 km in length (first stage of Ruisi-Rikoti section construction).
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