TBILISI ADDRESSING PROJECT TO BE COMPLETED IN SPRING
(Daily News: January 11, 2012)
Head of Justice Ministry’s Agency of Public Register Soso Tsikarishvili declared that Tbilisi addressing project is to be completed by spring 2012. Inventory of part of Old Tbilisi, as well as Vake-Saburtalo district is already completed, he noted.
“PRIVATBANK GEORGIA” LAUNCHED NEW OUTLET IN KUTAISI
(Daily News: December 27, 2011)
PrivatBank Georgia launched its 100th outlet, which is located in Kutaisi. The bank said that this outlet became its 9th service-center in Kutaisi.
PRIME-MINISTER: CURRENCY REVENUES FROM TOURISM REACH $750M IN 2011
(Daily News: December 27, 2011)
Georgian Prime Minister Nika Gilauri reported that currency revenues from tourism sphere already reached $750 million this year. He noted that 3 years ago (i.e. in 2008), the volume made up $60-65 million only.
NUMBER OF VISITORS TO REACH 2.7M THIS YEAR
(Daily News: December 23, 2011)
Ministry of Economy and Sustainable Development expects that number of visitors will reach 2.7 million this year.
During 11 months of this year, 2.54 million persons have visited Georgia, exceeding in number last year’s showing by 40%.
Rezonansi: “CONSTRUCTION COMPANIES ARE AFRAID OF REGIONAL PROJECTS”
(Economic Press Monitor: December 23, 2011)
As the newspaper notes, construction business is merely interested in Ajara among Georgian regions. Real estate market has been revived also in Kutaisi, where Georgian Parliament might be moved.
CONSUMER BASKET TO BE BASED ON NATIONAL REPORTS’ SYSTEM SHOWINGS
(Daily News: December 21, 2011)
Sakstat informed that from January 2012, consumer basket will be based on consumption structure defined by national reports system. The basket will be updated annually.
“PROCREDIT BANK” OPENED BRANCH IN AKHALTSIKHE
(Daily News: December 19, 2011)
ProCredit Bank announced about opening of branch in Akhaltsikhe (Samtskhe-Javakheti region), which became the first outlet of the bank in this city. The branch will be focused on service to agricultural producers.
AGREEMENT RATIFIED ON THE 2ND TRANCHE ALLOCATION BY ADB
(Daily News: December 13, 2011)
The Georgian Parliament has ratified credit agreement with Asian Development Bank (ADB) regarding allocation of the second installment within investment program on urban service development. The agreement was signed on December 1.
“VESTEL” TO OPEN ONE MORE SHOP IN TBILISI
(Daily News: December 9, 2011)
Company Vestel announced that household appliances shop will be opened tomorrow in Tbilisi (Agmashenebeli Ave. 154). This will be our biggest outlet in Georgia, the company said.
40M LARI IS ENVISAGED FOR SCHOOL INFRASTRUCTURE IMPROVEMENT NEXT YEAR
(Daily News: December 8, 2011)
Education and Science Ministry said that 40 million lari is envisaged for school infrastructure improvement in the next year. Namely, 20 new schools are planned to build; besides, new inventory and 25,000 PCs will be handed over to schools.
FOURTH EMPLOYMENT FORUM IS ORGANIZED
(Daily News: December 2, 2011)
Tbilisi exhibition center Expo-Georgia hosted an employment forum today.
The event is being organized already the 4th time within the USAID-funded 2-year project on consulting and employment (previous ones were held in Tbilisi, Batumi and Kutaisi), Natia Kvitsiani, representative of International Migration Organization, which implements the project, told Sarke.
KUTAISI INTERNATIONAL AIRPORT WILL BE MANAGED BY THE GOVERNMENT
(Daily News: December 1, 2011)
Economy and Sustainable Development Minister Vera Kobalia has declared that the government will carry out management of Kutaisi International Airport itself.
The government plans to attract low-budget companies, which implement flights to the state-run airports, offering them low or even zero tariffs in the airport, the Minister said.
KFW TO ALLOT EXTRA GRANT OF 4M EUR TO IDPS
(Daily News: December 1, 2011)
German Bank for Reconstruction (KfW) will allot additional 4 million EUR in terms to fund urgent rehabilitation for IDPs houses in west Georgia. Corresponding agreement was signed in Georgian Finance Ministry today.
ADB TO ALLOT THE 2ND TRANCHE WITHIN URBAN SERVICE IMPROVEMENT PROGRAM
(Daily News: December 1, 2011)
Georgian Finance Ministry reported about signing of agreement with Asian Development Bank regarding allotment of the second installment within investment program on urban service improvement. This program envisages improvement of water infrastructure in Georgian tourist centers and large urban settlements (Kutaisi, Poti, Zugdidi, Mestia and Anaklia).
SHARES OF “KUTAISI CAR PLANT” WITHDRAWN FROM STOCK EXCHANGE
(Daily News: November 28, 2011)
Georgian Stock Exchange has reported that shares of JSC Kutaisi Car Plant are withdrawn from trading system. The reason is bankruptcy of the company.
“GEORGIAN RAILWAY” TO ADD 5 TRAINS TO OWN ROLLING STOCK IN 2012-2013
(Daily News: November 22, 2011)
Irakli Ezugbaia, director general of LLC Georgian Railway, has declared that building of 5 Georgian-Chinese trains is already contracted (each having 4 carriages). The LLC expects the first train to be delivered in August 2012, while the rest – in 2013.
“ALDAGI BCI” GOT CREDIT LINE FROM “ING BANK NV”
(Daily News: November 21, 2011)
BG Capital reported that insurance company Aldagi BCI has received credit line from Dutch ING Bank NV. The funds of $11.09 million will be used for hospital sector development.
Kviris Palitra: ““FEAR AND STARVATION” IN INVESTMENTS”
(Economic Press Monitor: November 21, 2011)
As expert Irakli Lekvinadze notes, 2007 was the Georgia’s best year in terms of foreign investments, as more than $2 billion was streamed in the country. However, since 2009, more investments are made in neighboring countries comparing to Georgia, he notes.
PROCEEDINGS ON INSOLVENCY AGAINST KUTAISI CAR PLANT IS OVER
(Daily News: November 14, 2011)
Kutaisi City Court reported about completion of insolvency case of JSC Kutaisi Car Plant. As a result, registration of this company in enterpreneurs register will be canceled.
“RICO EXPRESS” TO OPEN NEW BRANCH IN TBILISI
(Daily News: November 10, 2011)
Micro-finance organization Rico Express has declared on opening of new branch in Tbilisi (Peking Str. 5).
As chairman of supervisory board of Rico Express, Lasha Nikolaishvili declared to Sarke, the company acquired recently the building of former branch of HSBC Bank Georgia for $1.2 million lari.
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