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  1. FINANCE MINISTER EXPLAINS TERMS OF RESTRUCTURING OF GEORGIA’S FOREIGN DEBT
    (Daily News: March 8, 2001)

    The Finance Minister Zurab Nogaideli, who had returned from France after negotiations with the Paris Club of creditors, made a report at the financial-budgetary committee of the Parliament today. The foreign indebtedness of Georgia runs to around $2 billion at the moment.

  2. PARIS CLUB OF CREDITORS HAS DECIDED TO RESTRUCTURE GEORGIA’S FOREIGN DEBT
    (Daily News: March 7, 2001)

    The Paris Club decided to restructure the foreign debt of Georgia under the so-called Houston version during the talk, which came to an end on March 6. The Georgian Finance Minister Zurab Nogaideli reported from Paris that this was an unprecedented case, as Georgia did not meet Huston’s conditions.

  3. BUDGET HAS NOT RECEIVED 7M LARI IN FEBRUARY
    (Daily News: March 2, 2001)

    The Minister of Tax Revenues Mikheil Machavariani said at the press-conference today, that this happened due to uncollected 4 million Lari from the Ajara Autonomous Republic and 3 million – from the customs service. He noted Ajara was to transfer 1 million in the near future and the rest of the sum – during this month.

  4. HEADS OF REGIONS STAND AGAINST THE STRENGTHENING OF REGIONAL POWER COMPANIES
    (Daily News: February 28, 2001)

    The Ministry of State Property Management offers to combine 8 regional power-distributing companies in 2 – Eastern and Western, and then announce a tender for their privatization. As stated Ukleba Minister at the government meeting today, strengthened power company will arouse much more interest in potential investor.

  5. PARLIAMENT DELEGATION OF GEORGIA IS ON BUSINESS TRIP IN GREAT BRITAIN
    (Daily News: February 27, 2001)

    The visit of Georgian delegation, headed by Zurab Zhvania, Chairman of the Parliament will last from February 27 until March 3. The delegation will visit London and Belfast.

  6. THE PARLIAMENT WILL CONSIDER THE QUESTION OF RATIFICATION OF “ZERO VARIANT” AT THE MEETING ON FEBRUARY 16
    (Daily News: February 15, 2001)

    Today the question of ratification over Georgia’s yielding up its share in the assets and liabilities of the property of former USSR (“zero variant”) has considered Parliament committees and fractions.

    Committees of economic direction could not make a precise decision.

  7. SPRING SESSION OF THE PARLIAMENT OPENED TODAY
    (Daily News: February 13, 2001)

    As we have already noted, President was to make a report on the situation in the country at today’s session of the Parliament. However, the Chairman of the Parliament Zurab Zhvania said President would not address the Parliament until after reaching an agreement on the restructuring of the foreign debt of Georgia with the Paris Club of state-creditors.

  8. ONE SHOULD PREPARE FOR WINTER IN SUMMER OR ITS TIME TO THINK ABOUT PRIVATIZATION OF GAS DISTRIBUTION SYSTEM
    (Weekly Economic Review: February 10, 2001)

    The JSC Tbilgaz, the gas distribution company of the capital, is to be privatized till next winter. Otherwise, in the winter season of 2001-2002 Tbilisi will appear in a catastrophic situation – without natural gas.

  9. AUTUMN CESSION OF PARLIAMENT HAS OPENED TODAY
    (Daily News: February 6, 2001)

    As stated today Zurab Zhvania Chairman of the Parliament, this year they will focus on the system of territorial construction and the improvement of legislation, regulating the election process. Zhvania assured, that the Parliament would try to implement their working plan purposively and form the priorities, on the basis of voters’ needs.

  10. REGIONAL DIRECTORS OF WORLD BANK IS HOLDING MEETINGS IN TBILISI
    (Daily News: January 25, 2001)

    Today, having arrived in Tbilisi Judy O'Connor regional director for south Caucasia World Bank (WB) met with the president of the National Bank of Georgia Irakli Managadze.

    According to the National Bank (NB), O'Connor noted a successful monetary policy of Georgia and conducted by NB, within the framework of agreement with WB and IMF programs, permanent monitoring of commercial banks.

  11. THERE IS NO OPPOSITION BETWEEN THE CHAIRMAN OF THE PARLIAMENT AND PRESIDENT, SAYS THE HEAD OF THE STATE
    (Daily News: January 22, 2001)

    As President Shevardnadze declared in his radio interview today, it is possible to consider various versions, there is no opposition, however. He noted that it was very strange to hear such kind of statements from certain representatives of the Citizens' Union.

  12. A NEW APPLE OF DISCORD - A DRAFT LAW OVER ELECTRONIC MEDIA
    (Weekly Press Digest: January 21, 2001)

    This week the draft law, being prepared at present, has been in the center of press's attention. This draft law is to determine the terms of works of electronic media and new mechanism of television licensing.

  13. EXACT SUM OF THE DEBT OF THE ENERGY SPHERE WILL BE DEFINED BY APRIL
    (Daily News: January 18, 2001)

    According to the information of the chairman of the national commission on the energetics regulation Elizbar Eristavi, the special intergovernmental commission has been set up. The commission works on the evaluation of the indebtedness volume of the energy sphere.

  14. GIOC STARTS OUT TRANSFERRING REVENUES TO THE BUDGET UNDER THE SCHEDULE AGREED WITH FINANCE MINISTRY
    (Daily News: January 9, 2001)

    The agreement between the Finance Ministry and the Georgian International Oil Corporation (GIOC) envisages transferring revenues to the state budget not by the expiration of the financial year but according to the schedules based on the previously defined revenues and expenditure. Besides, the corporation yields up its own dividends in favor of the budget for a certain period, which depends on the realization of the World Bank projects (WB) on energetics and social development.

  15. EVEN A SEQUESTERED BUDGET WAS NOT IMPLEMENTED
    (Daily News: January 9, 2001)

    As Zurab Nogaideli Finance Minister stated at the press-conference today, according to preliminary data the Treasury could not receive 130 million Lari. According to his information, in 2000 the investment projects by the sum of 117 million Lari have not been implemented by the World Bank (WB).

  16. FINANCE MINISTER BACKS UP THE RATIFICATION OF "ZERO VERSION"
    (Daily News: January 9, 2001)

    The Finance Minister Zurab Nogaideli evaluates the consent to ratify "a zero version", envisaging rejection of the share in the USSR property by Georgia, as "a pragmatic decision". As the Minister declared today, if Georgia lets itself in the financial argument with Russia, it may get its due assets of the USSR in 15-20 years.

  17. PARLIAMENT HAS ADOPTED AN ALTERNATIVE VERSION OF TAX ASSESSMENT ON THE TOBACCO PRODUCTION
    (Daily News: December 29, 2000)

    Today, the extraordinary session of the Parliament considered the question over the change of the tax assessment regime on the tobacco production. The Finance Minister Zurab Nogaideli was for the maintenance of the previous regime - 0.4 Lari on 1 packet of filter-tipped cigarettes and 0.3 Lari on 1 packed of non-filter cigarettes.

  18. DRUG STORE IN THE HOSPITALS CONTINUE FUNCTIONING, IN SPITE OF BAN OF THE HEALTH MINISTRY
    (Daily News: December 28, 2000)

    We remind, that the Ministry of Health, Social Welfare and Employment had issued an order on the liquidation of drugstores, situated on the hospital's territories. The Ministry was motivated to issue such order by the fact, that the hospitals be able to provide patients by medicine.

  19. FINANCE MINISTRY STICKS TO THE PREVIOUS POSITION IN REGARD TO TBILCREDITBANK
    (Daily News: December 25, 2000)

    Commenting the situation about Tbilcreditbank, the Finance Minister Zurab Nogaideli said that neither the noise raised around the issue nor the suit filed recently against him would not force him to change his mind. At the same time, as the Minister acknowledged, he “got hot” when he declared at the session of the Parliament that he would destroy Tbilcreditbank.

  20. GEORGIAN SIDE IS INCLINED TO SIGN "A ZERO VARIANT"
    (Daily News: December 25, 2000)

    Today at the press-conference Zurab Nogaideli Finance Minister stressed, that the budget 2001 does not envisage payments, what Georgia will be to implement in case if the restructuring of foreign debt does not take place. He noted, that if they are not able to negotiate with creditors, then only 240 million Lari will remain for the expenditures in the central budget.

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