Daily News
September 27, 2016
IN THIS ISSUE:
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| 1. |
PRIME MINISTER: COORDINATION OF AGENDA FOR 2017-2020 IN RELATION WITH NEW REFORMS WITHIN ASSOCIATION AGREEMENT IS UNDERWAY
Politics
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“State institutions are in process of coordination of new agenda for 2017-2020 in relation with new reforms within context of the Association Agreement”, Prime Minister Giorgi Kvirikashvili declared. He pointed that “new agenda is quite comprehensive and very ambitious”.
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| 2. |
AGRICULTURE MINISTRY: THE US AND BULGARIA TO ASSIST GEORGIAN AGENCIES FOR RISK MANAGEMENT AND ASSESSMENT
Economics
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Georgian Agriculture Ministry declared that the US Department of Agriculture and Bulgarian Food Safety Agency will render technical and expert assistance to Georgia’s agencies for risk management and risk assessment in order to rise their institutional capacity. The Minister Levan Davitashvili, the US ambassador Ian Kelly and Bulgarian ambassador Desislava Ivanova have signed the respective memorandum of cooperation.
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| 3. |
NBG SOLD $40M
Economics
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National Bank of Georgia (NBG) reported about selling of $40 million at the currency auction today. Average exchange rate made up 2.3264 GEL/USD.
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| 4. |
ISFED: GROWTH OF BATUMI MUNICIPALITY’S BUDGET IN PRE-ELECTION PERIOD VIOLATES ELECTION CODE
Politics
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International Society for Fair Elections and Democracy (ISFED) reported that Batumi City Hall has applied to the City Council with request to make amendments to the city budget and increase it by 2.23 million lari in order to conduct infrastructure works, necessity of which was caused by natural disaster. ISFED considers that in pre-election period, the mentioned imitative violates restrictions, established by Election Code, and targets use of administrative resource.
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| 5. |
AJARA GOVERNMENT: COMPLETION OF FEASIBILITY STUDY WITHIN REHABILITATION OF WATER SUPPLY AND SEWERAGE SYSTEMS IS PLANNED IN THE FIRST HALF OF 2017
Economics
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Government of Ajara reported that completion of feasibility study within water supply and sewerage systems’ rehabilitation project is planned in the first half of 2017. Cost of the study makes up 500,000 EUR, the government said.
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| 6. |
“HEIDELBERGCEMENT” LAUNCHED PROJECT OF $100M
Business
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HeidelbergCement declared about start of investment project worth $100 million in Kaspi factory, which aims full upgrade and installation of clinker dry manufacturing line. Project on upgrade and development of enterprises of HeidelbergCement Caucasus (Georgian subsidiary of German HeidelbergCement) will be implemented in 2016-2018, the company said.
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| 7. |
“GPIH” LEADS IN TERMS OF ATTRACTED PREMIUM
Business
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State Service for Insurance Supervision reported that as of June 30, GPIH attracted premium of 50.67 million lari (year-on-year growth – 33.2%). The company’s share on local market makes up now 22%, which corresponds to the 1st position.
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| 8. |
MEDICAL INSURANCE STILL MAJOR AREA FOR “IMEDI-L” WITH 93.2% OF PORTFOLIO
Business
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State Service for Insurance Supervision reported that medical (health) insurance accounted for 93.2% of total premium, attracted by Imedi-L as of June 30 (the similar share was fixed in the 1st quarter also). In this kind of insurance, the company has attracted 40.17 million lari, increasing the volume by 4.7% year-on-year.
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| 9. |
PROPERTY INSURANCE HAS THE LARGEST SHARE IN PORTFOLIO OF “ALDAGI”
Business
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State Service for Insurance Supervision reported that property insurance accounted for 33.9% of total premium, attracted by Aldagi as of June 30. In this kind of insurance, the company attracted 14.32 million lari, increasing the volume by 0.3% year-on-year.
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