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“REPUBLIC” TO SERVE BUSINESS-CLIENTS WITH MOBILE SERVICE-CENTERS DURING A MONTH
(Daily News: April 6, 2012)
Bank Republic announced that it will serve business-clients with mobile service-centers during a month. Besides, interest rates for micro- and small business-loans will be decreased by 3 percent points during the action (standard rates for these credits start from 16%).
“PROCREDIT BANK” WILL BE SUPERVISED ALSO BY “PROCREDIT HOLDING”-MEMBER BANK
(Daily News: April 6, 2012)
Georgian ProCredit Bank will have another supervising body, besides National Bank of Georgia, since this year. As chairman of ProCredit Bank’s supervisory council Phillip Pott told Sarke, the bank’s owner ProCredit Holding has established bank in Germany, which supervisory council will supervise all banks, included in the group.
“SYSTRA” COMPLETED DESIGNING TRAM LINE IN TBILISI
(Daily News: April 6, 2012)
City Hall of Tbilisi said that French engineering company Systra has completed work of design of tramline in Tbilisi. The company had started design work in December 2010.
SUBSTATION “NAVTLUGI-220” LAUNCHED
(Daily News: April 6, 2012)
Georgian Ministry of Energy and Natural Resources reported that substation Navtlugi-220 was launched today. Rehabilitation of this substation cost 7 million lari to Georgian State Electro System.
THE 14TH INTERNATIONAL TOURIST FAIR ATTRACTED UP TO 90 COMPANIES
(Daily News: April 6, 2012)
Today, first international MICE (Meetings, Incentives, Conferences, Exhibitions) exhibition and 14th international tourist fair were opened in Tbilisi ExpoGeorgia exhibition center. About 90 organizations, such as travel agencies, holiday complexes and handcraft producers, introduce themselves on 45 exhibition stands.
Versia: “WHAT TECHNICAL PROBLEMS AROSE AFTER IMPLEMENTATION OF ELECTRONIC INVOICE?”
(Economic Press Monitor: April 6, 2012)
The newspaper reports that problems have been created recently to Tbilisi markets Lilo and Eliava, where traders do not know how to make electronic invoices, as well as to large shop-chains Goodwill and Populi. In its turn, computer retailer LLC Algorithm has offered to the entrepreneurs to purchase 600-lari PC and, as separate service, software for electronic invoices.
PUBLIC REGISTRY AND “PRIVATBANK” INTRODUCED JOINT SERVICE
(Daily News: April 4, 2012)
National Agency of Public Register announced that extracts on real property and business registration are available to get already through self-serving terminals of PrivatBank. Most of terminals operate in 24-hour mode.
“PROCREDIT BANK” TO OPEN SME BUSINESS-CENTERS IN TBILISI AND BATUMI
(Daily News: April 4, 2012)
ProCredit Bank will open new business-centers for small and middle-sized business in Tbilisi and Batumi. As director general of the bank Maia Meredova declared, the bank will offer service to relatively big clients in these business-centers.
Rezonansi: “FISH PRODUCTION IS DECREASED BY 70-80% IN GEORGIA”
(Economic Press Monitor: April 4, 2012)
As fishery expert Roin Bokuchava notes, fish production in Georgia has been dropped by 70% since 1990-ies. He sees a problem in increased costs of entrepreneurs and taxation regime.
“MENO INTERNATIONAL” ACQUIRED LAND PLOT WITH BUILDINGS IN TBILISI SUBURB
(Daily News: April 3, 2012)
LLC Meno International bought constructions and non-agriculture land plot in Tbilisi for 1.03 million lari (one bidding step was added to primary price on the auction). The matter concerns land site of 34,315 square m and 17 buildings, located on territory of military base in Isani-Samgori district (Abashvili Street).
LLC “LECHKOMBINATI” ACQUIRED “MEDICAL DIAGNOSTIC CENTER OF JAVAKHISHVILI UNIVERSITY”
(Daily News: April 3, 2012)
LLC Lechkombinati (Curing Complex) acquired for 404,000 lari LLC Medical Diagnostic Center of Ivane Javakhishvili University through the auction. Starting price of made up 400,000 lari.
NUMBER OF VEHICLES, REGISTERED IN GEORGIA, MADE UP 745,232 IN 2011
(Daily News: April 3, 2012)
Interior Ministry reports that number of vehicles, registered in Georgia, made up 745,232 as of end of 2011. This showing exceeds by 7.4% figures of 2010.
Rezonansi: “TEXTILE INDUSTRY IS ON ZERO LEVEL IN GEORGIA”
(Economic Press Monitor: April 3, 2012)
The newspaper reminds that Georgia had produced millions of square meters of silk cloth 12-15 years ago, which were sold on local market, as well as delivered for export. However, silk thread and cloth are not produced by now.
PIPIA PEOPLE’S CLINICAL HOSPITAL AUCTIONED FOR 475,000 LARI
(Daily News: April 2, 2012)
Ministry of Economy and Sustainable Development put on auction state share in LLC Academician Pipia People’s Clinical Hospital. Starting price of the hospital, locating in Tbilisi (Tevdore Mgvdeli Str. 13), makes up 475,000 lari.
“GEORGIAN BEER COMPANY” LAUNCHED ITS BREWERY
(Daily News: April 2, 2012)
Georgian Beer Company launched brewery in Saguramo (near Tbilisi), which will produce beer under Zedazeni trademark. Retail price of this beer is expected to be 1.50 lari (0.5 l bottle).
EBRD, IFC, FMO AND BSTDB TO INVEST $40M IN CAUCASUS GROWTH FUND
(Daily News: March 30, 2012)
Representatives of International Financial Institutes announced that European Bank for Reconstruction and Development (EBRD), International Financial Corporation (IFC, member of the World Bank group), Netherlands Development Bank (FMO) and Blacks Sea Trade and Development Bank (BSTDB) will invest $40 million in Caucasus Growth Fund. Additional $2 million will be allotted by Small Enterprises Assistance Funds (SEAF), which will undertake management of Caucasus Growth Fund.
MEMBERS OF AGRI LNG OFFER THE PROJECT TO COMMERCIALLY INTERESTED ENTITIES
(Daily News: March 29, 2012)
The states, participating in AGRI LNG project, express desire to sell the project to commercially interested entities, said Liana Jervalidze, expert being directly involved in the project. The project AGRI LNG envisages construction of terminals for liquified Azeri gas on Black Sea coasts of Georgia and Romania for supplying to European markets.
IFC WITH ITS PARTNERS TO ALLOT $100M TO GEORGIA
(Daily News: March 29, 2012)
International Financial Corporation (IFC) and its partners will allocate $100 million to Georgia this year, IFC’s Director for Europe and Central Asia Tomasz Telma declared. Telma, being with visit in Tbilisi, noted that IFC significantly increased its financing for Georgia for the last 3-4 years, so the volume makes up $100 million annually now.
GEORGIAN PRESIDENT EXPECTS HUNDREDS OF MILLIONS OF DOLLARS TO BE INVESTED FROM SOUTH KOREA
(Daily News: March 29, 2012)
President of Georgia Mikheil Saakashvili declared that many projects were planned with business circles of South Korea and several memorandums were signed yesterday. “The matter concerns investments of several hundreds of millions of dollars, which will be made after their arrival”, he said, apparently meaning Korean businessmen.
PRIVATE ENTITY BOUGHT “ROAD POLICLINIC” AND “MATERNITY CENTER – FUTURE”
(Daily News: March 28, 2012)
Private individual Tengiz Gagua acquired LLC Road Policlinic and LLC Maternity Center – Future for 1.25 million lari. Starting price of these objects, located on the same address in Tbilisi (Tevdore Mgvdeli St. 11) and offered in one lot, was 1.2 million lari.
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