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.
PARTNERSHIP FUND TO ATTRACT FUNDS FROM INTERNATIONAL FINANCIAL INSTITUTIONS
(Daily News: February 23, 2012)
Georgian Prime Minister Nika Gilauri declared that Partnership Fund offers projects for funding to international financial institutions. The matter concerns such structures as European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Asian Development Bank (ADB), etc.
Rezonansi: ““MAESTRO” DEMANDS KITSMARISHVILI TO REIMBURSE $2 MILLION”
(Economic Press Monitor: February 23, 2012)
Dimitri Gabunia, lawyer of TV company Maestro, declares that damage, caused to the company by Erosi Kitsmarishvili, founder of Maestro’s managing company, exceeded $2 million for the last 4 months. The company plans to demand reimbursement from Kitsmarishvili through the court in next week.
Rezonansi: “GAS TARIFF HAS BEEN INCREASED QUIETLY FOR NEW CUSTOMERS”
(Economic Press Monitor: February 23, 2012)
Recently added within the governmental project “Gas to All Villages” consumers pay 59 tetri for 1 cubic m of gas (to compare: 1 cubic m in Tbilisi costs 50.6 tetri).
Besides, consumers’ houses are commonly located several hundreds metres away from the gas pipe, so consumers have to pay up to 2,000 lari for the gas system installation, the newspaper notes.
“MOUNTAIN VILLAGE” DELAYED CONSTRUCTION OF TRADE CENTER IN TBILISI
(Daily News: February 22, 2012)
LLC Mountain Village told Sarke that construction of trade center in Tbilisi, planned to start in early 2012, is postponed, but “not due to financial problems”. To remind, investments in the mentioned project were expected to total to 4 million lari.
“HILTON” TO MANAGE HOTEL “SAKARTVELO”
(Daily News: February 21, 2012)
Management of Tbilisi hotel Sakartvelo (Georgia) will be implemented by chain Hilton, owner of the hotel David Kodua declared. He noted that the agreement is already signed.
“TELASI” HAS NEW HEAD
(Daily News: February 21, 2012)
Tbilisi energy distributor JSC TELASI reported that supervisory board decided to cancel authority of director general Yuri Pimonov and to substitute him by Vadim Mityushin. TELASI explains the mentioned changes with staff rotation in the company’s owner InterRAO EES.
Rezonansi: “TRAVEL WITH CASH BECOMES IMPOSSIBLE BY MUNICIPAL TRANSPORT”
(Economic Press Monitor: February 21, 2012)
Tbilisi Minibus (Tbilisi operator of passenger transportation by minibuses) confirms that payment of travel cost in the minibuses will be avilable only with Metromoney (payment card, distributed in subway and branch network of Sakartvelos Banki (Bank of Georgia)). New system will be introduced after old minibuses will be totally replaced with new ones.
“ESTONIAN AIR” TO START FLIGHTS TO GEORGIA FROM APRIL
(Daily News: February 20, 2012)
TAV Georgia, operator of Tbilisi International Airport, announced that Estonian national air carrier Estonian Air will launch regular flights Tallinn-Tbilisi-Tallinn on April 9.
Flights will be implemented 4-time a week by CRJ planes.
GEORGIA AND POLAND TO SIGN AGREEMENT ON MARINE TRANSPORT
(Daily News: February 20, 2012)
Georgian Ministry of Economy and Sustainable Development has informed that Georgia and Poland will sign agreement “On Marine Transport” in near future. Details of the agreement were considered recently with Polish delegation in Tbilisi.
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