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


September 12, 2017

IN THIS ISSUE:

1. “MOODY’S” UPGRADED GEORGIA’S RATING
2. PRIME MINISTER: EXACTLY OUR AUTHORITY INITIATED ESTABLISHMENT OF RESTRICTIONS ON FARMLAND ALIENATION TO FOREIGNERS
3. ECONOMY MINISTRY: WORK WILL BEGIN ON MARKETING STRATEGY FOR RAISING OF TOURIST RECOGNIZABILITY OF KAKHETI AND IMERETI
4. PUBLIC REGISTER: HARVARD BUSINESS SCHOOL BECAME INTERESTED IN THE PROJECT OF INTRODUCTION OF BLOC-CHAIN TECHNOLOGY
5. “IPM”: 33% OF GEORGIAN HAS NO RELATIVES, CLOSE FRIENDS OR COLLEAGUES ABROAD
6. BOLNISI ADMINISTRATION: NEW ROAD OPENED IN KAZRETI BOROUGH
7. AGRICULTURE MINISTER: SITUATION WITH BROWN MARMORATED STINK BUG IS REALLY DIFFICULT
8. FINANCE MINISTRY: “CAPETHICA INVESTMENT FUND” PLANS LARGE-SCALE INVESTMENTS IN GEORGIA
9. WITHIN “PRODUCE IN GEORGIA”, LLC “LGG” TO PROCURE NEW EQUIPMENT
10. WITHIN “PRODUCE IN GEORGIA” STATE PROGRAM, “DIN GROUP” TO EXPAND OPERATION

Full text is not available for the guests. Please, login, if you already have account, or register to get one.


1. “MOODY’S” UPGRADED GEORGIA’S RATING
Economics

Moody’s Investors Service declared yesterday about upgrade of Georgia’s sovereign credit rating from “Ba3” to “Ba2”. The outlook remains as “stable”.

Back to the Headlines


2. PRIME MINISTER: EXACTLY OUR AUTHORITY INITIATED ESTABLISHMENT OF RESTRICTIONS ON FARMLAND ALIENATION TO FOREIGNERS
Politics

“Land of agricultural purpose was recognized as a strategic resource and restrictions on its alienation to foreigners are set by initiative of our authority”, Georgia’s Prime Minister Giorgi Kvirikashvili pointed. “In connection with this issue, special record is made in the draft constitution”, he specified.

Back to the Headlines


3. ECONOMY MINISTRY: WORK WILL BEGIN ON MARKETING STRATEGY FOR RAISING OF TOURIST RECOGNIZABILITY OF KAKHETI AND IMERETI
Economics

Ministry of Economy and Sustainable Development declared that work on marketing strategy for raising of tourist recognizability of regions of Kakheti and Imereti will begin, being funded by the World Bank.

As the Ministry noted, new marketing strategy and image web pages will be prepared by National Tourism Administration and Municipal Development Fund.

Back to the Headlines


4. PUBLIC REGISTER: HARVARD BUSINESS SCHOOL BECAME INTERESTED IN THE PROJECT OF INTRODUCTION OF BLOC-CHAIN TECHNOLOGY
Economics

National Agency of Public Register declared that Harvard Business School became interested in the project of introduction of bloc-chain technology. Meeting with representatives of the School was held in the Agency today.

Back to the Headlines


5. “IPM”: 33% OF GEORGIAN HAS NO RELATIVES, CLOSE FRIENDS OR COLLEAGUES ABROAD
Society

Institute for Polling and Marketing (IPM, marketing agency) reported that within research, conducted in the Caucasus region and Russia, information was collected regarding countries, in which local respondents have relatives, close friends or colleagues with whom they maintain steady relations. The research involved per 1,200 respondents in each country.

Back to the Headlines


6. BOLNISI ADMINISTRATION: NEW ROAD OPENED IN KAZRETI BOROUGH
Economics

Administration of Bolnisi municipality (Kvemo Kartli region) declared about completion of construction of asphalt concrete road with length of 1,100 m in village Kazreti.

The project worth 700,000 lari was implemented through joint financing of the regional projects fund and the local budget, the administration said.

Back to the Headlines


7. AGRICULTURE MINISTER: SITUATION WITH BROWN MARMORATED STINK BUG IS REALLY DIFFICULT
Economics

Agriculture Minister Levan Davitashvili reported today about conducted and planned measures for fight against brown marmorated stink bug (Halyomorpha halys) to the Parliament’s Committee on Agrarian Issues.

“Quite complicated situation is created in Samegrelo and Guria, where despite the conducted measures, the pest has inflicted significant loss not only to hazelnut culture”, the Minister declared.

Back to the Headlines


8. FINANCE MINISTRY: “CAPETHICA INVESTMENT FUND” PLANS LARGE-SCALE INVESTMENTS IN GEORGIA
Business

Finance Ministry reported about meeting that the Minister Dimitri Kumsishvili held with representatives of British CapEthica Investment Fund (CIF).

As the Ministry said, representatives of CIF declared their intention to make large-scale investments in Georgia.

Back to the Headlines


9. WITHIN “PRODUCE IN GEORGIA”, LLC “LGG” TO PROCURE NEW EQUIPMENT
Business

Ministry of Economy and Sustainable Development declared that LLC LGG (production of frames from metal-based laminate and aluminum) plans to purchase new equipment within “Produce in Georgia” state program.

The company is going to increase output and to introduce standard of energy-saving processing of glass, the Ministry said.

Back to the Headlines


10. WITHIN “PRODUCE IN GEORGIA” STATE PROGRAM, “DIN GROUP” TO EXPAND OPERATION
Business

Ministry of Economy and Sustainable Development declared that with assistance of “Produce in Georgia” state program, LLC Din Group will expand operation and will launch production of concrete. According to the Ministry, production will start at the end of October.

Back to the Headlines


Exchange Rates (NBG)
  09/22/17 + / -
  USD   2.4804   0.0004
  EUR   2.9708   0.0162
  RUR   4.3075   0.0367
Announcements
Dear readers,

We have left for summer vacations, so the site updates will resume on September 4. See you all then!

Wish you happy vacations and peace of mind!

Sincerely,

Sarke Information Agency

Fujitsu Computer Systems Corporation

© 2017 Sarke Information Agency