Economic Press Monitor
February 9, 2018
IN THIS ISSUE:
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| 1. |
NEW REGULATIONS TO RAISE REAL ESTATE IN PRICE BY 3-5%
Construction
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City Hall of Tbilisi decided to include in process of construction permits’ issuing its services of transport and of ecology and gardening (since February 22 – of environmental protection) too, the newspaper reports. As Mayor Kakha Kaladze stated, “Calculation in respect of transport will be made from the very beginning, whether it is possible to build residential area on that concrete place so that people, living there, have not face problems and generally, do not cause collapse in the city”.
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| 2. |
“BADAGONI”: WORKING PROCESS IS STOPPED
Companies
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Giorgi Salakaia, director general of wine company Badagoni, declares that after start of the company’s checking by the Finance Ministry’s Financial Police, working process in the company is completely stopped. “Badagoni is an undisputed leader company and for this reason they have rushed in yesterday”, Salakaia asserts.
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WHETHER THE GOVERNMENT’S DIRECT INTERVENTION WILL DECREASE ON ELECTRICITY MARKET?
Energy, Oil & Gas
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According to the government’s resolution, rule of bidding for feasibility study, construction, possession and operation of power plants was amended, Eugeorgia.Info reports. According to the amendments, state-owned JSC Electricity System Commercial Operator will not be anymore that subject, which gives guarantee on electricity purchase to potential investors.
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