Georgian English Russian Main Register Company Partners Feedback
Sarke Information Agency
Georgian/English/Russian Menu

Daily News
Economic Press Monitor
Special Report
 
Georgian Business Ethics Web Conference


Daily News

November 20, 2018

Previous Issues:  Days: < 14 15 16 19 20

 

Note: Please login to get full access to the articles. If you are still not the Sarke's user, please register.

politics

    IN BRUSSELS, FIRST SUMMIT WITH PARTICIPATION OF GEORGIAN GOVERNMENT AND MEMBERS OF EUROPEAN COMMISSION TO TAKE PLACE

    Georgia’s Prime Minister Mamuka Bakhtadze departed to Brussels, where the first summit with participation of Georgian government and members of European Commission will take place, press service of Georgian Premier reported.

    Within the visit, the Premier will hold meetings with president of the European Council Donald Tusk and president of European Commission Jean-Claude Juncker.


    ECONOMY MINISTRY: GEORGIA IS NAMED BY OECD THE MODEL SUCCESSFUL COUNTRY IN TERMS OF SUPPORT TO SMALL AND MEDIUM BUSINESS

    Organization for Economic Cooperation and Development (OECD) estimated that Georgia successfully conducted actions, envisaged by strategy of small and medium business development and respective action plan, as well as recommendations of OECD, Georgian Ministry of Economy and Sustainable Development reported.

    The Ministry pointed that OECD praised Georgia as model successful country in this term.


economics

    IN Q3, PRODUCTION OF MEAT, MILK AND EGGS INCREASED

    Sakstat released estimation for the 3rd quarter, according to which meat production in the reporting period amounted to 14,500 t. If compared with the same period of 2017, the showing has increased by 2.1%.


    KVEMO KARTLI ACCOUNTS FOR 21% OF SLAUGHTERHOUSES, SHIDA KARTLI – FOR 35.3% OF COOL STORAGE FACILITIES

    Sakstat reported that in the 3rd quarter, there were 100 slaughterhouses in Georgia.

    Out of total number, 21% is located in Kvemo Kartli region.


    TBILISI HOSTS THE 18TH INTERNATIONAL EXHIBITION “AGRO EXPO – 2018”

    Today, the 18th international agro/food/drink/tech exhibition “Agro Expo – 2018” was opened in Tbilisi exhibition center ExpoGeorgia.

    As Georgian Ministry of Environmental Protection and Agriculture said, part in the exhibition is taken by over 120 companies from 14 countries.


    AS OF SEPTEMBER 30, NET PROFIT OF INSURANCE COMPANIES INCREASED 2.6 TIMES Y-O-Y

    State Service for Insurance Supervision reported that net profit of insurance companies amounted as of September 30 to 34.66 million lari. If compared with the same period of 2017, the volume has increased 2.6 times.


    WITHIN THE WB PROJECT GENIE, GRANT PROGRAM ANNOUNCED AGAIN

    Georgian Agency of Innovations and Technologies declared that the grant program for co-financing within project “Georgian National Innovations Ecosystem” (GENIE) of the World Bank (WB) is announced for the 2nd time.

    The program aims stimulation of creation of innovative enterprises through development and commercialization of innovative products and services, the Agency pointed.


    WITH ASSISTANCE OF “SAKARTVELOS BANKI”, DEVELOPER FEST HELD IN TBILISI

    Sakartvelos Banki (Bank of Georgia) reported about “DevFest” (a developer festival), which took place in Tbilisi Technology Park (Okrokana) with assistance of the program of “open banking” development of BOG Fintech (banking information technologies).

    “DevFest” are held globally, being organized by development groups of Google, the bank noted.


business

    AS OF SEPTEMBER 30, VOLUME OF REIMBURSEMENTS INCREASED BY 26.7% Y-O-Y

    State Service for Insurance Supervision reported that total volume of reimbursements amounted as of September 30 to 220.59 million lari. If compared with the same period of 2017, the volume has increased by 26.7%.


    CONTRACT ON CONSTRUCTION OF KHEVI-UBISA HIGHWAY SECTION IS SIGNED WITH “HUNAN ROAD AND BRIDGE CONSTRUCTION GROUP”

    Georgian Roads Department reported that contract on construction of the site of Khevi-Ubisa section of the East-West Highway (E60) across Rikoti pass is signed with Chinese Hunan Road and Bridge Construction Group, which won the international tender. Works have to be completed within 3 years.


Note: Please login to get full access to the articles. If you are still not the Sarke's user, please register.

Exchange Rates (NBG)
  11/20/18 + / -
  USD   2.6741   0.0148
  EUR   3.0581   0.0212
  RUR   4.0707   0.0351
Get News in Brief by e-mail
Get daily News in Brief on your e-mail for free!
Announcements
Dear subscriber,

We are leaving for summer vacations until September 3. During that period, the site will not be updated.

Wish you happy and joyful vacations!

Sincerely,

Sarke Information Agency

Fujitsu Computer Systems Corporation

© 2018 Sarke Information Agency