Daily News

IN THIS ISSUE:

Sakstat published preliminary data of the 3^rd quarter, according to which foreign direct investments (FDI) to Georgia amounted to $463 million. If compared with adjusted data of same period of 2015, the volume has decreased by 4%.

Sakstat published preliminary data of the 3^rd quarter, according to which top three largest investor countries were Azerbaijan, Turkey and Luxemburg. Combined share of these three countries in total foreign direct investments in Georgia made up 68%.

According to preliminary data of Sakstat, 3 branches (transport and communications, construction and manufacturing) accounted for 59% of total foreign direct investments (FDI), made in Georgia during the 3^rd quarter.

Largest FDI was made in transport and communications again.

European Investment Bank (EIB) will allocate 450 million EUR to Georgia in terms of development of road infrastructure and agricultural production. The respective agreements have been signed in Tbilisi today.

TI Georgia, Georgian branch of Amnesty International, declared that “Despite the overall improvement of anti-corruption legislation, its effective enforcement still remains a problem”.

In the statement, released in connection with international Anti-Corruption Day the organization said: “Lack of law enforcement agencies’ independence weakens their skill to investigate effectively possible cases of high-level corruption”.

Georgian Young Lawyers’ Association (GYLA) recommends the government to cancel contract with LLC International Events because of multiple violations of liabilities, undertaken by this company.

At that, “National Agency of State Property should make all efforts in order to make this LLC to repay fully its arrears to the state”, the organization points.

“Pharmaceutical market is characterized with not so distinct concentration of the market power” and “could be characterized as weak oligopoly”, stated in the research of TI Georgia, Georgian branch of Transparency International. The study covers period of 2012-2016.

Ministry of Environment and Natural Resources Protection declared about signing of memorandum of understanding between its National Environment Agency and DMT GmbH & Co. KG, Germany-based company of geological engineering consulting.

The memorandum aims facilitation of mining industry development in Georgia, establishment of European standards in natural resources’ management, assessment of geological hazards and risks by means of new technologies, the Ministry said.

Agriculture Ministry reported that $129,090 was invested in greenhouse farming Mukhrani Agro. That sum includes preferential agrocredit of $99,175 and owners’ investment of $29,915.

Georgian National Communication Commission reported that SilkNet and Georgian Media Network have requested preliminary consent on merger.

The Commission said that started proceedings established that the planned merger will not affect competition on electronic communication market.

Georgian National Communication Commission reported that LLC Iveria Network was permitted to concede numeration resource to LLC Akhali Kselebi. The matter concerns 1,000 subscriber numbers in Zugdidi (Samegrelo region).