TBILISI HOSTED GEORGIAN-UKRAINIAN BUSINESS-FORUM
(Daily News: March 2, 2012)
Ministry of Economy and Sustainable Development reported that Georgian-Ukrainian business-forum was held in Tbilisi today. The event was participated by 100-member delegation from Odessa.
Akhali Taoba: “INITIALLY GEORGIAN CITIZENS MUST BE EMPLOYED IN GEORGIA”
(Economic Press Monitor: March 2, 2012)
As representatives of Unemployment Union note, citizens of foreign countries are working on construction of various facilities despite the unemployment among Georgians.
The Union names several examples: Spaniards are working on construction of the Parliament building in Kutaisi, Chinese – of House of Justice and bypass railway in Tbilisi and Indians – in Rustavi Metallurgical Plant.
“FLYDUBAI” TO INCREASE FREQUENCY OF IT’S GEORGIAN FLIGHTS
(Daily News: March 1, 2012)
Arabian low-budget air carrier FlyDubai increases frequency of flights on Dubai-Tbilisi-Dubai route, adding the third day (Thursday) from March 29. Until now, these flights were performed on Tuesday and Saturday.
“BONACO” EMITTED PROMISSORY NOTES
(Daily News: March 1, 2012)
Micro-finance organization Bonaco reported about emission of promissory notes. Annual yield of the security makes up 20%.
“BP”: CAPITAL EXPENDITURES ON BAKU-TBILISI-CEYHAN PIPELINE MADE UP $40.5M IN 2011,
(Daily News: March 1, 2012)
In 2011, capital expenditures on Baku-Tbilisi-Ceyhan oil pipeline made up $40.5 million. The pipeline operator British Petroleum, which declared about these figures, stressed that they are by 38.5% less than forecasted ones ($65.9 million).
THREE NEW REFRIGERATOR FACILITIES ARE BUILT IN TBILISI
(Daily News: March 1, 2012)
USAID-funded Economic Prosperity Initiative (EPI) reported about construction of 3 new refrigerator facilities, being currently underway in Tbilisi (Lilo and Orkhevi settlements). Expected volume of investments makes up $21 million.
HOTEL “TORI” IS OFFERED FOR SALE
(Daily News: February 28, 2012)
National Bureau of Enforcement put property of JSC Tbilisi Universal Trade Base on the auction.
The matter concerns hotel Tori (Tbilisi, Chantutia Str. 10), estimated at 3.39 million lari.
“TBILISI CENTRAL HOSPITAL” IS FINALLY SOLD
(Daily News: February 28, 2012)
The Ministry of Economy and Sustainable Development informed that private individual Ivane Martiashvili bought LLC Tbilisi Central Hospital (Ljubljana Str. 5). Due to competition, the price was increased from 950,000 lari up to 1.37 million lari.
EPI: GEORGIA HAS INFRASTRUCTURE NECESSARY FOR MICE TOURISM DEVELOPMENT, BUT IT IS INSUFFICIENT
(Daily News: February 28, 2012)
According to USAID-funded Economic Prosperity Initiative, Georgia has infrastructure, necessary for development of MICE tourism (meetings, incentives, conferences, and exhibitions), but it is insufficient.
Despite holding of 10-15 exhibitions every year in Georgia, it is not sufficient, EPI noted, pointing that the significant problem is existence of only one exhibition center (Tbilisi’s ExpoGeorgia) in the country.
TBILISI TO HOST SOUTH KOREA – GEORGIA’S BUSINESS FORUM IN SPRING
(Daily News: February 28, 2012)
Ministry of Infrastructure and Regional Development has reported on South Korea – Georgia business forum, planned to take place in Tbilisi in spring. The Ministry declared the mentioned after meeting of Georgia’s delegation with South Korea’s Trade-Investment Promotion Agency and Federation of Korean Industries.
Rezonansi: “20M LARI THROUGH A YEAR – BANKS’ BURDEN FOR THE POPULATION”
(Economic Press Monitor: February 28, 2012)
The newspaper considers that annual volume of the commercial banks’ commission fee for utility payments reaches 20 million lari. Size of the commission fee varies within 0.40-1.00 lari per payment, while the most common fee is 50 tetri.
Rezonansi: “ELECTRICITY TARIFF TO RAISE UP TO 22 TETRI AFTER PRESIDENTIAL ELECTIONS”
(Economic Press Monitor: February 28, 2012)
The newspaper reports that selling price of electricity, produced by KhramHES-1, will be increased from 2.3 tetri/kWh to 8.2 tetri/kWh through 2014-2018, while cost of KhramHES-2 – from 3.5 tetri/kWh to 9.2 tetri/kWh.
Tariff increase is envisaged by agreement, signed with InterRAO EES (holder of these hydroelectric stations and Tbilisi energy distributor TELASI) in April of the previous year.
“SILKNET” OPENED SERVICE-CENTER IN GLDANI
(Daily News: February 27, 2012)
SilkNet opened new service-center in Gldani district of Tbilisi, nearby Populi supermarket. There are already 11 service-centers in Tbilisi, the company noted.
“TELASI” TO INCREASE CAPITAL
(Daily News: February 27, 2012)
JSC TELASI (Tbilisi energy distributor) reported on expected equity growth, planned to carry out through emission. Details are not disclosed so far, as shareholders should consider the issue at extraordinary meeting on March 23.
Rezonansi: “SUPERMARKET WARS ON RETAIL MARKET”
(Economic Press Monitor: February 27, 2012)
The article considers resent changes on local retail market.
According to Otar Shamugia, marketing manager of Populi, the company puts focus on small shops, while large supermarkets (the so-called XL-type) will be optimized.
“SOCAR” TO START CONSTRUCTION OF TANK FARM IN FIRST HALF OF THE YEAR
(Daily News: February 24, 2012)
SOCAR Energy Georgia has reported that its parent company SOCAR, state oil company of Azerbaijan, will start construction of oil storage depot in Georgia in the first half of the year. The tank farm will be located on territory of Tbilisi International Airport.
“SOCAR GEORGIA PETROLEUM” COMPLETED CONSTRUCTION OF BITUMEN STORAGE
(Daily News: February 24, 2012)
SOCAR Georgia Petroleum completed construction of bitumen storage facility in Tbilisi (Lilo settlement), having capacity of 3,000 cubic m. The company said that investments’ volume exceeded 500,000 lari.
“TBILISI LOGISTICS CENTER” TO BUILD REFRIGERATOR FACILITIES
(Daily News: February 24, 2012)
LLC Tbilisi Logistics Center is going to start in near future construction of refrigerator facilities in Gachiani (near Rustavi, Kvemo Kartli region).
The company’s owner Georgian Partnership Fund told Sarke that construction will take several months, while investments’ volume to make up $6 million.
Rezonansi: “ACTION OF “CENTER POINT” VICTIMS IN FRONT OF THE PARLIAMENT – “COTTAGE CHEESE FOR RUSUDAN””
(Economic Press Monitor: February 24, 2012)
Customers, damaged because of construction company Center Point, held a rally yesterday. Up to 100 people, gathered in front of the Parliament, demanded their apartments without any additional fee.
As participants of the action declare, company Dexus (manages assets of Center Point) requires additional payment of 30% of already paid sum. The matter concerns payment of VAT and additional $100 per 1 square m.
“VTB BANK GEORGIA” PUT FORMER HEAD OFFICE ON AUCTION AFRESH
(Daily News: February 23, 2012)
VTB Bank Georgia has announced auction on its former head office afresh in Tbilisi (Uznadze Str. 37).
Property of 16,945 square m is divided into 3 lots.
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