GYLA: TRANSPARENCY IS NOT SECURED FOR ACTIVITIES OF NON-PROFIT LEGAL ENTITIES, FOUNDED BY LOCAL GOVERNMENTS
(Daily News: February 8, 2013)
Georgian Young Lawyers Association (GYLA) declares that Georgia’s general administrative code does not secure transparent activity of non-profit legal entities (NPLE), founded by local self-governments. Besides, there is lack of proper control of property alienation as well.
“LIBERTY BANK” AND “ARAY TOMORROW” OFFER INTEREST-FREE INSTALLMENT
(Daily News: January 30, 2013)
Liberty Bank has offered 18-month interest-free installment in stores of Aray Tomorrow chain.
As Liberty Bank’s external sales manager Levan Asanishvili declared at the joint press conference today, the bank’s clients are not required to provide co-participation, while for other customers, the mentioned requirement does not exceed 20%.
KUTAISI-SENAKI GAS MAIN CONSTRUCTION-REHABILITATION TO BRING TO END BEFORE LATE 2013
(Daily News: January 21, 2013)
Director general of Georgian Oil and Gas Corporation David Tvalabeishvili said that Abasha-Senaki section (29 km) within construction of Kutaisi-Senaki gas main is expected to be completed in spring. The works were launched in last June.
“TECHNOBOOM” OFFERS INTEREST-FREE INSTALLMENT
(Daily News: January 16, 2013)
After New Year actions, household appliance distributor TechnoBoom announced 0%-installment on all products in its chain.
The company said that customers are able to get 6-month zero-interest installment from VTB Bank Georgia, Republic, Liberty Bank and micro-financial organization Credit Express.
WATER PROVISION INFRASTRUCTURE DEVELOPMENT TO BE CARRIED OUT BY DONORS’ FUNDING IN 2013 ALSO
(Daily News: January 16, 2013)
Regional Development and Infrastructure Ministry reported that works on water infrastructure in Mestia and Anaklia will be completed this year. These works, being conducted through funding of Asian Development Bank (ADB), are funded with 27.69 million lari.
“FINCA GEORGIA” OPENED ITS SECOND OFFICE IN KUTAISI
(Daily News: January 14, 2013)
Micro-financial organization FINCA Georgia informed about opening of new branch in Kutaisi today (Chavchavadze Str. 38/40). This is already the second branch of the company in Kutaisi, while the 33rd one countrywide.
“EUROASIAN STEELS” PLANS TO MOUNT NEW TECHNOLOGICAL LINE
(Daily News: January 14, 2013)
In few months, LLC Euroasian Steels plans to mount new technological line in its metallurgical plant Hercules.
As LLC noted, the first stage of Hercules exploitation is completed and in case of stability, the second stage of the plant construction (line mounting) will take a year.
“RICO CREDIT” OPENED THE SECOND BRANCH IN GREECE
(Daily News: January 11, 2013)
Rico Credit announced on opening a branch in Thessaloniki. This is already the second outlet of this Georgian micro-financial organization in Greece.
“RICO CREDIT” INCREASES PARTNER BANKS’ NUMBER
(Daily News: January 10, 2013)
Micro-financial organization Rico Credit informed that its clients are able already to pay interest or principal amount of the company’s credit in branches of KOR Standard Bank (KSB). This option is available also for users of KSB’s online banking as well.
PASSENGER TRAFFIC IN GEORGIAN AIRPORTS INCREASED BY 16.8% IN 2012
(Daily News: January 10, 2013)
Georgian Civil Aviation Agency reported that airports of the country had transferred 1.4 million passengers in 2012. If compared with 2011, the figure is by 16.8% up.
Versia: “GIA KHUKHUNASHVILI NAMES DETAILS OF GAS POLITICAL PRICE”
(Economic Press Monitor: December 28, 2012)
In his interview with the newspaper, head of Research Institute of Georgia’s Development Gia Khukhashvili reviews results of Georgian delegation’s visit to Azerbaijan, in which he participated as well.
According to Khukhashvili, “it was get-to-know-you meeting, where we discussed almost all issues – politics and security as well as economical ones”.
Rezonansi: “REAL ESTATE IN THE REGIONS IS EXPENSIVE EVEN FOR FOREIGNERS”
(Economic Press Monitor: December 26, 2012)
The newspaper reports that demand on real estate is reduced in the regions.
At this stage, the highest prices on the real estate are fixed in Batumi and Kutaisi, the article says, noting that Batumi is already ahead of Tbilisi in terms of realty prices.
“RICO CREDIT” OPENED NEW SERVICE-CENTER IN TBILISI
(Daily News: December 20, 2012)
Rico Credit announced about opening of new service-center in Tbilisi (Tsereteli Ave. 141a, Didube district). Currently, this micro-financial organization runs already 12 branches and service-centers in the city.
“ACT”: MOST OF TBILISI RESIDENTS SUPPORTS IDEA OF MOVING THE PARLIAMENT BACK TO TBILISI
(Daily News: December 20, 2012)
According to Analysis and Consultation Team (ACT), majority of Tbilisi residents supports moving the Parliament back to Tbilisi. In particular, 81% of interviewed respondents were agree with this idea, as they believe that operation of legislative body in other city causes extra costs.
“GEORGIAN SOLID WASTE MANAGEMENT COMPANY” TO IMPLEMENT WORKS OF ABOUT 8M LARI NEXT YEAR
(Daily News: December 19, 2012)
Regional Development and Infrastructure Ministry informs that in 2013, LLC Georgian Solid Waste Management Company plans arrange landfills in Akhaltsikhe, Ambrolauri, Gori, Kutaisi, Mtskheta (Ksani), Ozurgeti, Telavi and Zugdidi.
The budget has not been approved yet, but estimated cost of works is 8 million lari, the Ministry told Sarke.
“GEORGIAN AIRWAYS” STARTS FLIGHTS TO KIEV
(Daily News: December 18, 2012)
Georgian Airways announced that it will start flights to Kiev on December 25. The flights will be performed 4 times a week (Tuesday, Wednesday, Friday and Sunday).
REVENUE PART OF STATE BUDGET-2012 DECREASED BY 84M LARI
(Daily News: December 18, 2012)
The Parliament has amended the state budget-2012, setting revenue part as 8.16 billion lari, which is by 84 million less than previously approved volume.
Reduction applied, in particular, to forecasted volume of profit tax, which was declined by 56 million lari, making up 844 million lari now.
IDFI: 347M LARI WAS TRANSFERRED IN TERMS OF THE PARLIAMENT AND GOVERNMENT PALACE CONSTRUCTION IN KUTAISI
(Daily News: December 11, 2012)
Institute for Development of Freedom of Information (IDFI) reported that 347 million lari was transferred in terms of construction of the Parliament and the government palace in Kutaisi. The mentioned issue was studied by this non-governmental organization with support of Open Society – Georgia Foundation.
“WISSOL GROUP” TO INVEST $45M IN DEVELOPMENT OF “SMART” CHAIN IN NEXT 3-4 YEARS
(Daily News: December 11, 2012)
President of Wissol Group Soso Pkhakadze said that the company will invest $45 million in development of chain of Smart supermarkets in next 4-5 years.
Out of this sum, $26 million will be allocated by EBRD.
“SILKNET” INTRODUCED FIBER-OPTIC SERVICES IN KUTAISI AS WELL
(Daily News: December 10, 2012)
SilkNet announced about launch of development of fiber-optical network in Kutaisi (VoIP telephone, SilkTV broadcasting and Silk-Internet). Cables were installed in 4 districts of the city and the company started today registration of subscribers.
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