GEORGIAN COMMERCIAL BANKS EXPAND NETWORK
(Daily News: September 19, 2011)
Sakartvelos Banki (Bank of Georgia) reported about opening of the third service-center in Zugdidi (Samegrelo region). As a result, the bank’s network expanded up to 145 service-centers countrywide.
Kviris Palitra: “GOODWILL BUSINESS”
(Economic Press Monitor: September 19, 2011)
Bringing Tbilisi parking system in order has started in March 2009, but the problems in this sphere persist. In particular, so-called “parking keepers” remain on some parking places, who charge car owners with additional fees.
Kviris Palitra: “PERMANENT (?) RECONSTRUCTION ON AGMASHENEBELI AVENUE”
(Economic Press Monitor: September 19, 2011)
The newspaper reminds that upon presentation of project on Tbilisi’s Agmashenebeli Avenue reconstruction in January 2010, it was declared that 70 buildings will be reconstructed on the first stage, while works are already started on 30 of them. However, there are still only presented 30 projects since that.
“LAGUNA VERE” CHANGED REGISTRAR COMPANY
(Daily News: September 16, 2011)
New registrar of JSC Laguna Vere (swimming pool in Tbilisi) is JSC Kavkazreestri, Georgian Stock Exchange told Sarke. As a result, shares of the company are permitted in Stock Exchange’s trading system again.
“CITY LOFT” MAY ACQUIRE COMPLEX OF FORMER PUBLISHING HOUSE “SAMSHOBLO”
(Daily News: September 15, 2011)
Georgian government decided to sell complex of buildings of former publishing house Samshoblo to LLC City Loft. The government considered the issue of alienation of the buildings through direct selling at the meeting yesterday.
TBILISI PROPERTY MANAGEMENT AGENCY SELLS PART OF “KALAKPROEKTI” BUILDING
(Daily News: September 15, 2011)
Tbilisi Property Management Agency has announced auction on part of building located at David Agmashenebeli Ave. 89/24 (Kalakproekti). Starting price of 1,566 square m (area on the 10th, 11th and 12th floors) and 201 square m on the roof makes up 1.08 million lari.
“SILK TV” HAS 25,000 USERS IN TBILISI AND REGIONS
(Daily News: September 15, 2011)
According to SilkNet, number of subscribers of its IPTV service Silk TV makes up 25,000 in Tbilisi and regions.
The company promises to update video collection in near future.
Akhali Taoba: “TINA KHIDASHELI: “FOOD PRICES WOULD BE INCREASED””
(Economic Press Monitor: September 15, 2011)
Republican Party declares that Defense Ministry canceled contracts with companies of Archil Gegenava, MP from Mtatsminda district of Tbilisi. Allegedly, the contracts, which were in effect for years, were cancelled because of Gegenava’s conflict with the Minister Bacho Akhalaia.
Rezonansi: “RUSSIA WON’T JOIN WTO FOR A LONG TIME YET”
(Economic Press Monitor: September 15, 2011)
Grigol Vashadze, Georgian Foreign Minister, declares that next round of negotiations on Russia’s accession to World Trade Organization (WTO) has failed as well.
The negotiations were held on September 12 in Geneva.
“ALDAGI BCI” OPENED VIP SERVICE CLUB
(Daily News: September 14, 2011)
Insurance company Aldagi BCI announced about opening of VIP service club in Tbilisi (Kazbegi Ave. 44). The membership fee makes up 35 lari monthly.
EBRD CREDIT NOT TO BE USED FOR TBILISI BYPASS RAILWAY PROJECT
(Daily News: September 14, 2011)
LLC Georgian Railway cancels credit agreement with European Bank for Reconstruction and Development (EBRD) on Tbilisi bypass railway project. Economy and Sustainable Development Minister Vera Kobalia presented the mentioned issue at the government meeting today.
TBILISI TO HOST FIRST INTERNATIONAL SYMPOSIUM ON “KVEVRI WINE”
(Daily News: September 14, 2011)
Georgian Ministry of Economy ad Sustainable Development reported that first international symposium on “kvevri wine” (kvevri – Georgian traditional wine pitcher) will start in Tbilisi on September 15. The 3-day event is backed by EPI, Economic Prosperity Initiative of USAID.
HIGH-TECH APPLICATION IN HYDROPOWER IS CONSIDERED IN TBILISI
(Daily News: September 14, 2011)
Conference named “High Technologies for Hydro Power Station Projects” started today in Tbilisi under aegis of Georgian Energy and Natural Resources Ministry.
The Ministry reported that the event is attended by construction companies and investors, being implementing HES construction in Georgia.
Rezonansi: “SMALL PETROL STATIONS IN REGIONS ARE CLOSED IN FAVOR OF “GULF””
(Economic Press Monitor: September 14, 2011)
The newspaper reports that almost all unbranded petrol stations have been shut down in Tbilisi under the pretext of consumers’ protection and now, this process is expanding in the regions.
The article also notes that due to the strict requirements, permission on construction of new petrol stations has not been issued in Tbilisi for several years, and is issued quite seldom in regions.
Akhali Taoba: “WATER PRICE MAY INCREASE AGAIN”
(Economic Press Monitor: September 14, 2011)
Zurab Abashidze, Tbilisi Sakrebulo (city council) member from oppositional Free Democrats, declares that water cost may increase in the capital after installation of individual consumer meters.
Abashidze states as well that distribution part of Tbilisi Water (Tbilisi municipal water supply company) was acquired by Sakartvelos Banki (Bank of Georgia).
“PSP GROUP” INVESTED 24M EUR IN “NEW HOSPITAL”
(Daily News: September 13, 2011)
PSP Group reported that 24 million EUR was invested in construction of New Hospital. This multifield hospital is located on the territory of eye clinic in Tbilisi district Ortachala.
ATTRACTED FUNDS OF 12.35M LARI SPENT WITHIN RAILWAY MODERNIZATION PROJECT IN 6 MONTHS OF 2011
(Daily News: September 13, 2011)
According to LLC Georgian Railway’s financial report for the first half of 2011, 12.35 million lari was spent in 6 months within the railway modernization project from attracted funds.
In case of Tbilisi bypass railway project, the same showing made up 8.69 million lari.
ADDITIONAL 13M LARI TO BE ENVISAGED IN THE BUDGET IN TERMS OF INCREASING PENSIONS UP TO 100 LARI
(Daily News: September 13, 2011)
In terms to secure increase of minimal pension amount, 13 million lari is added monthly to social budget, the Premier Nika Gilauri has declared at the press conference today. In Tbilisi, minimal pension is increased by 10 lari, while in regions – by 20 lari.
“ALDAGI BCI”: THERE IS GREAT DEMAND FOR “MEDIC CARD” IN REGIONS AS WELL
(Daily News: September 12, 2011)
According to insurance company Aldagi BCI, its health insurance pack Medic Card is in great demand in regions as well, besides Tbilisi.
As deputy director general of the company Nutsa Koguashvili has declared Sarke, per 1,000 Medic Card policies have been issued in Batumi and Kutaisi since mid August.
ARABIAN “FLYDUBAI” ENTERS GEORGIAN MARKET
(Daily News: September 12, 2011)
Arabian FlyDubai announced about start of Dubai-Tbilisi direct flights from November 4. Giorgi Karbelashvili, Deputy Minister of Economy and Sustainable Development of Georgia, handed over a formal permission to the company’s management during his visit to Dubai.
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