MICRO-FINANCE ORGANIZATIONS’ CONFERENCE TO BE HELD BY LATE MAY
(Daily News: March 19, 2012)
Micro-finance organization Alliance Group informed that 15th annual conference of micro-finance organizations will be held in Tbilisi. Microfinance Center (MFC, uniting 105 micro-finance organizations from Europe and Central Asia) plans to hold the conference by the end of May.
DISTRIBUTION OF 1,000-LARI VOUCHERS FOR PROFESSIONAL EDUCATION STARTED
(Daily News: March 19, 2012)
Ministry of Education and Science has announced that Tbilisi Information Service Center has started registration of persons, interested in professional education, and distribution of 1,000-lari vouchers for them. The process will last until April 20.
Tabula: “MADE IN GEORGIA”
(Economic Press Monitor: March 19, 2012)
USAID and IFC estimate that Georgian textile industry has a great potential and is one of the most competitive on the international market, the journal reports.
There are about 200 clothing factories in the country, 95% of which are small and micro enterprises.
“STANDARD&POOR’S” RAISED RATING OF “GEORGIAN RAILWAY”
(Daily News: March 16, 2012)
LLC Georgian Railway reported that Standard&Poor’s promoted the LLC’s “B+” rating to “BB-” with stable forecast.
The Railway considers that improvement of credit rating confirms increased solvency of the company, its capacity to fulfill undertaken liabilities.
“SOCAR PETROLEUM GEORGIA” LEADS IN TERMS OF TURNOVER IN Q4 2011
(Daily News: March 15, 2012)
Oil-Products Producers, Importers and Consumers Union reported that LLC Socar Petroleum Georgia is leader in terms of Georgian companies’ total turnover (7.6 billion lari) in the 4th quarter of 2011.
It is followed by JSC Wissol Petroleum Georgia, LLC Sun Petroleum Georgia, LLC LUKOil Georgia, LLC Georgian Railway, LLC Toyota Caucasus, LLC Rustavi Azot, LLC RomPetrol Georgia, LLC KazTransGaz-Tbilisi, Electric System Commercial Operator.
ZURAB CHIABERASHVILI TO BE APPOINTED AS LABOR, HEALTH AND SOCIAL PROTECTION MINISTER
(Daily News: March 15, 2012)
Zurab Chiaberashvili will be appointed as Minister of Labor, Health and Social Protection, Prime Minister Nika Gilauri declared before the government meeting today.
Gilauri said that Chiaberashvili’s major task will be social protection’s reform.
Rezonansi: “SOMETIMES IT TAKES 1 HOUR FOR EMERGENCY SERVICE TO ARRIVE”
(Economic Press Monitor: March 15, 2012)
Interior Ministry’s unit 112, which unites emergency services, including medical ambulance, is not launched yet.
However, notes the article, owners of phones are paying cost of the service already for 3rd month (20 tetri – private individuals and 50 tetri – legal entities).
19% ALIENATED IN “TBILISI TEA-PACKING FACTORY”
(Daily News: March 14, 2012)
OTC deal has been fixed on 19% of shares of JSC Tbilisi Tea-Packing Factory.
According to Georgian Stock Exchange, deal on the company’s shares was made for the first time, despite that shares of the JSC are admitted to trading system from 2000.
“ROAD POLICLINIC” AND “WOMEN’S CONSULTATION – FUTURE” ARE OFFERED FOR SALE
(Daily News: March 14, 2012)
Ministry o Economy and Sustainable Development has announced auction on LLC Road Policlinic and LLC Woman’s Consultation – Future, which are offered in one lot. Starting price makes up 1.2 million lari.
“SILKNET” TO BOOST ACTIVITY ON MOBILE MARKET
(Daily News: March 14, 2012)
Operator SilkNet has declared that the company plans to boost activity on mobile market and expects to hold 10-15% by the end of 2012.
SilkNet, which offered mobile service S1 a month ago in Tbilisi, has now 50,000 subscribers, holding 3.1% share of the market.
“BTA BANK” OFFERED INSTANT CREDIT
(Daily News: March 14, 2012)
BTA Bank (Georgia) offered instant loans, secured by a vehicle. As the bank said, in case of leaving a car on parking, monthly interest rate will make up 2-3%, while in case of driving’s continue – 4-5%.
“CZECH AIRLINES” TO QUITE GEORGIAN MARKET DUE TO FINANCIAL PROBLEMS
(Daily News: March 14, 2012)
Minister of Economy and Sustainable Development Vera Kobalia declared that air company Czech Airlines decided to quite Georgian market due to financial problems.
Czech Airlines is expected to cancel flights to Georgia officially from June 1.
ECONOMY MINISTER CRITICIZES MANAGEMENT OF “GEORGIAN AIRWAYS”
(Daily News: March 14, 2012)
Minister of Economy and Sustainable Development Vera Kobalia connects problems in Georgian Airways (former AirZena) with this company’s management.
This air carrier declared on financial problems, explaining them by decline of passenger traffic on some routes.
AMERICANS TO SHARE EXPERIENCE IN BUSINESS AND FRANCHISE DEVELOPMENT WITH GEORGIANS
(Daily News: March 14, 2012)
Tbilisi hosts 2-day conference on business development and franchise, organized by the US Trade Department for Georgian businessmen.
The conference, titled “Doing Business with the United States”, aims to share knowledge to Georgian businessmen, in terms to assist them in development of trade and investment relations with American companies.
“SANTE GMT PRODUCT” STARTED CHEESE PRODUCTION
(Daily News: March 12, 2012)
Dairy producer Sante GMT Product started cheese production. According to the company, investments in launch of fully automatized process amounted to $1 million, being provided by the US governmental agency OPIC.
“SILKNET”’S “S1” TO BECOME AVAILABLE IN REGIONS AS WELL
(Daily News: March 9, 2012)
Fixed communications operator SilkNet reported that its mobile service S1 becomes available in regions as well. Switching to this service in regions will start on March 15.
ENGLISH-LANGUAGE BUSINESS REGISTER TO BE CREATED
(Daily News: March 7, 2012)
National Agency of Public Register plans to perfect electronic property exchange and create english-language business register. The Agency’s plans scope also bringing addressing system in order in big cities of Georgia, improvement of geodesy-cartography system, etc.
GEORGIA REPRESENTED IN REAL ESTATE SHOWCASE “MIPIM 2012”
(Daily News: March 7, 2012)
Delegation of Georgian National Investment Agency takes part in MIPIM 2012. This international real estate exhibition is held in Cannes, France on March 6-9.
AZERBAIJAN TO ALLOT $329M FOR BAKU-TBILISI-KARS’ GEORGIAN SECTION CONSTRUCTION
(Daily News: March 7, 2012)
Azerbaijan will allot $320 million for construction of Georgian section of Baku-Tbilisi-Kars railway.
Georgian President Mikheil Saakashvili declared the mentioned in Baku, at the joint press conference with Azeri President Ilham Aliyev.
MEDICAL ACADEMY’S CLINIC OF POSTGRADUATE EDUCATION OFFERED ON SALE
(Daily News: March 6, 2012)
Ministry of Economy and Sustainable Development put JSC State Medical Academy’s Clinic of Postgraduate Education on auction.
Starting price of the object, located on Chavchavadze Ave. 33 in Vake district of Tbilisi, is 416,500 lari.
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