YOUNG LAWYERS ASSOCIATION CONSIDERS UNACCEPTABLE CLASSIFYING OF INFORMATION ON THE PARLIAMENT’S NEW BUILDING CONSTRUCTION
(Daily News: April 24, 2012)
Georgian Young Lawyers Association considers unacceptable the situation, when LLC Bureau of State Service classifies information regarding construction of the Parliament’s new building in Kutaisi.
This construction arouses heightened public interest, the Association says, noting that the budget allocation for the construction made up 73.7 million lari.
NEW HOTEL CONSTRUCTION STARTED IN KUTAISI
(Daily News: April 20, 2012)
Office of the President’s plenipotentiary in Imereti region reported that company Bagrati-1003 starts construction of hotel Bagrati in Kutaisi. The company plans to invest 1.8 million lari in the project.
Rezonansi: “DUE TO THE PARLIAMENT’S MOVE TO KUTAISI, “PUBLIC BROADCASTER” DEMANDS ADDITIONAL 1.3 MILLION”
(Economic Press Monitor: April 19, 2012)
Management of Public Broadcaster requests allocation of 1.3 million lari form the government’s reserve fund. The company needs the mentioned sum for the 2nd Chanel as well as for office in Kutaisi and equipping new building of the Parliament in this city.
“WENDY’S” TO START 15 OUTLETS IN GEORGIA
(Daily News: April 6, 2012)
Yesterday, Georgian Wissol Group signed agreement with Wendy’s, the world’s 3rd largest fast-food company, which envisages development of branded restaurant chain in Azerbaijan and Georgia. Namely, during the next 10 years, 25 outlets should be opened in these countries, including 15 ones – in Georgia.
“REPUBLIC” TO SERVE BUSINESS-CLIENTS WITH MOBILE SERVICE-CENTERS DURING A MONTH
(Daily News: April 6, 2012)
Bank Republic announced that it will serve business-clients with mobile service-centers during a month. Besides, interest rates for micro- and small business-loans will be decreased by 3 percent points during the action (standard rates for these credits
start from 16%).
VOLUME OF OTC DEALS STOOD AT 721.6M LARI IN Q1
(Daily News: April 2, 2012)
Georgian Stock Exchange reported that 152 OTC deals were fixed in the 1st quarter, resulting in selling of 38.69 million shares for 721.6 million lari.
Such volume is conditioned by transaction of Sakartvelos Banki (Bank of Georgia) on exchange GDRs (Global Depository Receipt) of the bank for shares of Bank of Georgia Holding.
Rezonansi: “MOROCCAN INVESTOR’S CASE, WHICH MIGHT DRAW GEORGIA INTO INTERNATIONAL SCANDAL”
(Economic Press Monitor: March 28, 2012)
The newspaper reports that Moroccan investor Simon Shitrit, supported by several Israeli and Georgian partners, came to Georgia several years ago. His 18 companies had to implement 19 projects in total.
DISTRIBUTION OF 1,000-LARI VOUCHERS FOR PROFESSIONAL EDUCATION STARTED
(Daily News: March 19, 2012)
Ministry of Education and Science has announced that Tbilisi Information Service Center has started registration of persons, interested in professional education, and distribution of 1,000-lari vouchers for them. The process will last until April 20.
Tabula: “MADE IN GEORGIA”
(Economic Press Monitor: March 19, 2012)
USAID and IFC estimate that Georgian textile industry has a great potential and is one of the most competitive on the international market, the journal reports.
There are about 200 clothing factories in the country, 95% of which are small and micro enterprises.
TURKISH “ERCIYAS CELIK BORU SANAYI AS” TO SUPPLY MATERIALS FOR GAS MAIN’S KUTAISI-ABASHA SECTION CONSTRUCTION
(Daily News: March 13, 2012)
Georgian Oil and Gas Corporation informed that Turkish company Erciyas Celik Boru Sanayi AS won a tender and will supply materials for construction of gas main’s Kutaisi-Abasha section (47 km in length).
11 companies expressed desire for participation in the tender, while offers were submitted by 8 of them.
Rezonansi: “PARLIAMENT BUILDING NOT TO BE OPENED IN KUTAISI ON MAY 26”
(Economic Press Monitor: March 13, 2012)
The newspaper reports that workers, employed on the construction of the Parliament building in Kutaisi, declare that completion of the object by May is in fact impossible. They name bad weathers as a reason.
“SILKNET”’S “S1” TO BECOME AVAILABLE IN REGIONS AS WELL
(Daily News: March 9, 2012)
Fixed communications operator SilkNet reported that its mobile service S1 becomes available in regions as well. Switching to this service in regions will start on March 15.
“REPUBLIC” EXPANDS ITS CHAIN
(Daily News: March 5, 2012)
Bank Republic opened today new service-center in Tbilisi, on the territory of Central Railway Station.
As director general of the bank Christian Carmagnole declared at the opening of the service-center, this year the bank plans to open at least 4 new branches.
Akhali Taoba: “INITIALLY GEORGIAN CITIZENS MUST BE EMPLOYED IN GEORGIA”
(Economic Press Monitor: March 2, 2012)
As representatives of Unemployment Union note, citizens of foreign countries are working on construction of various facilities despite the unemployment among Georgians.
The Union names several examples: Spaniards are working on construction of the Parliament building in Kutaisi, Chinese – of House of Justice and bypass railway in Tbilisi and Indians – in Rustavi Metallurgical Plant.
NEW LOW-BUDGET AIR COMPANIES MAY APPEAR ON LOCAL MARKET
(Daily News: February 24, 2012)
Active negotiations are held regarding attraction of low-budget air companies to Georgian market, Minister of Economy and Sustainable Development Vera Kobalia declared to journalists today.
As Kobalia said, in European direction, negotiations are held with 2 largest air-carriers, while in Asian direction – with large Indian air companies.
Versia: “NEW MEDICAL EMERGENCY SERVICE IS CREATED IN KUTAISI”
(Economic Press Monitor: February 8, 2012)
The newspaper reports that necessity of new medical emergency service creation in Kutaisi is caused by appearance of Aldagi BCI on the market. Several medical facilities of the city, including emergency service, were handed over to this company in October 2011.
USAID-FUNDED 10 CENTERS OF DEMOCRATIC ENGAGEMENT TO BE OPENED IN GEORGIA
(Daily News: February 2, 2012)
The US Agency of International Development (USAID) will open 10 centers of democratic engagement in Georgia. The project cost makes up $5 million.
GAS DISTRIBUTORS’ CONTROLLING STAKES REISSUED
(Daily News: January 27, 2012)
Georgian Stock Exchange reported that OTC deal was made again on gas distributor companies’ controlling stakes. The matter concerns 93% of JSC GoriGas, 90.2% – JSC SakOrgGas, 59.3% – JSC RustaviGas and 55% – JSC KutaisiGas.
“VTB BANK GEORGIA” OPENED NEW BRANCH IN TBILISI
(Daily News: January 17, 2012)
VTB Bank Georgia opened today its already second new branch in this year, which is located in Tbilisi (Tsereteli Ave. 67).
As the bank’s retail business director Valerian Gabunia has told Sarke, more 6 branches are planned to open this year both in Tbilisi and in regions, where VTB Bank Georgia is already represented (Batumi, Kutaisi).
AIR PASSENGERS TRAFFIC IN GEORGIAN AIRPORTS INCREASED BY 30.7%
(Daily News: January 12, 2012)
According to Georgian Civil Aviation Agency, airports of the country have transferred 2.3 million passengers in 2011. If compared with 2010, the figure is by 30.7% up.
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