“ALDAGI BCI” OFFERED “AUTODRIVE” TO CLIENTS
(Daily News: June 5, 2012)
Insurance company Aldagi BCI announced new product in car insurance, named it AutoDrive.
As the company said, this product provides insurance of car travel for 5 lari.
MARKET SHARE OF “CAUCASUS ONLINE” DECREASED IN 2011
(Daily News: June 5, 2012)
National Communication Commission said that despite growth of subscribers’ number in segment of fiber-optical networks, market share of Caucasus Online decreased in 2011.
According to the Commission’s annual report, number of subscribers of Caucasus Online’s fiber-optical networks made up 95,640 as of end of 2011, increasing by 13.2% since the 1st quarter of the same year.
TBILISI’S SHARE IN TOTAL TURNOVER MADE UP 73.8%
(Daily News: June 5, 2012)
Sakstat reported that in the 1st quarter, Tbilisi accounted again for ultimate share in total turnover and output of Georgian enterprises. Namely, the capital’s share in total turnover (8.1 billion lari) made up 73.8%.
GERMANY FUNDS NEW PROJECT FOR GEORGIAN PROTECTED TERRITORIES
(Daily News: June 5, 2012)
World Tourism Association and Georgian Environment Protection Ministry’s Agency for Protected Areas start new project, being funded by German government. The sides have signed a memorandum on the subject in Tbilisi today.
REAL PROPERTY ON CONSTITUTION STREET IN TBILISI SOLD FOR 1.28M LARI
(Daily News: June 4, 2012)
Ministry of Economy and Sustainable Development reported that real property in Didube-Chugureti district of Tbilisi (Constitution Str. 4) was sold for 1.28 million lari. Owner of 6 buildings became private individual Ivane Totchava.
“TELASI” IS GOING TO PAY DIVIDENDS FROM PROFIT OF 2011
(Daily News: June 4, 2012)
Tbilisi energy distributor JSC TELASI reported that it is going to pay dividends from profit of 2011. The issue will be considered at general annual meeting of shareholders, being scheduled on June 28.
“AIR ASTANA” TO LAUNCH REGULAR FLIGHTS ASTANA-TBILISI FROM SEPTEMBER
(Daily News: June 4, 2012)
Kazakh air company Air Astana will perform regular flights between Astana and Tbilisi, starting from September 1.
According to Kazakhstan’s Embassy to Georgia, the flights will be provided twice a week by Embraer-190.
“SILKNET” ACCOUNTS FOR 76% OF THE MARKET IN TERMS OF DSL USERS’ NUMBER
(Daily News: June 4, 2012)
National Communication Commission reported that SilkNet accounted for 76% of the market in terms of DSL-subscribers’ number in 2011.
This company had 155,012 DSL-subscribers by late 2011, increasing their number by 17.3% since the 1st quarter of that year.
CDMA HAS MORE USERS THAN PSTN
(Daily News: June 4, 2012)
National Communication Commission reported that important change took place on fixed telephony market in 2011: number of users of wireless technologies (CDMA) exceeded number of subscribers of wired communications (public switched telephone network, PSTN).
By the end of the 4th quarter, number of CDMA subscribers made up 731,637, while of PSTN – 590,845.
Tabula: “MONOPOLIES AND GEORGIA”
(Economic Press Monitor: June 4, 2012)
Columnist Gia Jandieri, vice-president of New Economic School – Georgia, reviews issue of monopolies in Georgia on example of petrol retail business.
“Its true that petrol price changes as if it is touched with a wand”, the expert decalres, but warns the government to refrain from interference in the companies’ activity.
TERMS OF INTERIM MANAGER IN LLC “KAZTRANSGAZ-TBILISI” EXTENDED FOR ANOTHER YEAR
(Daily News: June 1, 2012)
Georgian National Energy and Water Supply Regulating Commission extended powers of interim manager of Tbilisi gas distributor, LLC KazTransGaz-Tbilisi, by another year, chair of the Commission Guram Chalagashvili told Sarke. Correspondingly, the manager will stay in the company until May 1, 2013.
GEORGIAN AND MOLDAVIAN NATIONAL BANKS TO START COOPERATION
(Daily News: June 1, 2012)
Presidents of National Banks of Georgia and Moldavia signed memorandum on cooperation in Tbilisi today.
According to the agreement, the sides undertake within their competence assistance to establishment of business relations between Georgian and Moldavian banking and financial institutions, as well as to share practice.
“DEXUS” TO RESUME SUSPENDED PROJECT OF “VALENCIA” TOO
(Daily News: May 31, 2012)
After suspended projects of Center Point, management company Dexus is going to resume suspended project of company Valencia also.
The matter concerns 11-storey residential and commercial complex Isnis Savane in Tbilisi (Dodashvili Str. 18, Isani district).
POSITIVE MIGRATION BALANCE INCREASED BY 16.1% IN 2011
(Daily News: May 31, 2012)
Sakstat reported that positive migration balance has increased during 2011 by 16.1% and reached 20,000 persons.
As of January 1, 2012, Georgia’s population exceeded 4.49 million people, increasing year-on-year by 0.6%.
EFSE TO ALLOCATE UP TO $40M TO GEORGIA’S FINANCIAL SECTOR
(Daily News: May 31, 2012)
European Fund for Southeast Europe (EFSE) will allot up to $40 million to Georgian financial sector, the Premier Nika Gilauri declared today at the annual meeting of the Fund, which was held in Tbilisi for the first time.
As the Premier noted, EFSE has already invested about $70 in Georgia, while negotiations regarding allocation of additional investments are underway.
GERMANY TO ALLOT 57M EUR TO GEORGIA
(Daily News: May 31, 2012)
Georgian Prime Minister Nika Gilauri declared that German government will allot 57 million EUR to Georgia. The Premier said this after meeting with the Germany’s Federal Minister of Economic Cooperation and Development Dirk Nibble in Tbilisi.
Rezonansi: “MICROFINANCE CENTER (MFC) HELD IN TBILISI THE FIRST CONFERENCE IN CAUCASUS REGION”
(Economic Press Monitor: May 31, 2012)
Tamar Lebanidze, chairman of supervisory board of bank Constanta, declares that there are still many problems in Georgia’s micro-financial sector. Market researches have not been conducted since 2003, she points.
RESEARCH OF “ACT”: 48% OF TBILISI INHABITANTS SPENT MORE TIME WITH TV THAN PC
(Daily News: May 30, 2012)
According to the research of Analysis and Consultation Team (ACT), big part of Tbilisi inhabitants prefers watching TV to Internet browsing.
In particular, 48% of surveyed spend more time with TV, 28% – with PC, 10% – equally distributes time among both of them.
Versia: “KETI DOLIDZE: I THINK THAT THE GOVERNMENT’S INTEREST TOWARDS THE FILM STUDIO IS CAUSED BY BIDZINA IVANISHVILI’S STATEMENT ABOUT PLANS TO MAKE A BIG INVESTMENT IN THE GEORGIAN CINEMA”
(Economic Press Monitor: May 30, 2012)
The newspaper reports that the government offers Georgian Cinema Development Fund an area in Tbilisi district Digomi and $2 million for its arrangement in exchange for an old film studio.
Archil Menagarishvili, director of the Cinema Development Fund, has declared about it to the members of the Fund.
Versia: “WHY ARE NOT FINED OWNERS OF SUSPENDED BUILDINGS AT FREEDOM SQUARE?”
(Economic Press Monitor: May 30, 2012)
The article reviews situation around two suspended constructions on Freedom Square of Tbilisi. In particular, 4-star hotel has to be built instead of building of former Cooperatives’ Union, which belongs to company GRDC.
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