Rezonansi: “BREAD’S QUALITY WORSENED FURTHER”
(Economic Press Monitor: November 19, 2009)
Zurab Putkaradze, medical expert of Healthy World organization, notes that according to research, conducted 4-5 years ago, 70% of bread products were counterfeited. Today, the number of enterprises is increased in this field, so probability of falsification is increased too, the expert regards.
24 Saati: “TAKING GEORGIA AWAY FROM CRISIS IS GENERAL DUTY”
(Economic Press Monitor: November 18, 2009)
Economic Development Minister Zurab Pololikashvili considers that investment attraction is a key challenge. It is the duty of each of us is to lift the economy out of crisis, says Pololikashvili in his interview to the newspaper.
24 Saati: “GEORGIAN, THEREFORE – EUROPEAN”
(Economic Press Monitor: November 17, 2009)
The newspaper provides results of the survey of 1,800 respondents, conducted in August 2009 by the Caucasus Research Resource Center. Data were provided to the newspaper by Eurasia Partnership Foundation.
Rezonansi: “AUTHORITIES HAVE TO RETURN OVER 350M TO BUSINESS”
(Economic Press Monitor: November 17, 2009)
According to President Mikheil Saakashvili, a repayment of VAT to business will not be delayed for 7-8 months, but will be carried out immediately. Perhaps, this year the VAT repayment will exceed 170-180 million lari, he says.
MAGTI CONSIDERS LAWFUL ITS ACTIVITY ON PROMO ACTIONS
(Daily News: November 19, 2009)
Mobile communication operator Magti considers lawful its prize drawing and calls groundless claims of Georgian Lottery Company in this respect.
Magti says that Finance Ministry permitted the company to hold the mentioned activity before Georgian Lottery Company gained exclusive right for organization of lotteries.
BANK GUARANTEE SUBMISSION WAS DELAYED FOR EGYPTIAN FRESH
(Daily News: November 19, 2009)
Economic Development Minister Zurab Pololikashvili told Sarke that deadline for bank guarantee submission by Egyptian company Fresh, an operator of the free industrial zone in Kutaisi, is postponed for several months. To remind, the company had to present guarantee for 20 million EUR by the end of 2009.
QATARI BUSINESSMEN INTERESTED IN GEORGIAN REAL ESTATE
(Daily News: November 18, 2009)
Georgian Economic Development Minister Zurab Pololikashvili declared that Qatari businessmen expressed interest mainly for real estate in Georgia. The matter concerns investments of several million US dollars, he said, expressing hope that investments will be made until the end of the year.
Rezonansi: “THE GOVERNMENT DIGS GRAVE EITHER FOR ITSELF OR FOR BUSINESS”
(Economic Press Monitor: November 11, 2009)
The newspaper points to new facts of tax officers’ claims to business. In particular, due to financial improprieties fines threaten to mobile operators Geocell and Magti.
Rezonansi: “AIRPORT DIRECTOR SENTENCED TO 2-MONTH IMPRISONMENT”
(Economic Press Monitor: November 11, 2009)
Director of JSC Tbilisi International Airport Konstantine Kamushadze was charged with jobbery. For now, he will be imprisoned for 2 months of pre-trial detention.
THE NEXT ROUND OF INVESTMENT PROMOTION ROAD SHOW TO BE HELD IN NOVEMBER-DECEMBER
(Daily News: November 10, 2009)
Georgian government reported that the next round of investment promotion road show is planned to be started on November 26 in London.
Prime Minister Nika Gilauri will present the country’s investment capabilities and undergoing reforms (including Economic Freedom Act) on November 26 in London, on December 1 – in New York and December 16 – Abu-Dhabi.
PARLIAMENT COMMITTEE HAS REMARKS ON DRAFT BUDGETARY CODE
(Daily News: November 5, 2009)
Fiscal committee of the Parliament has considered draft Budgetary Code in the first hearing today. Key innovation of the draft is program-oriented principle of budget designing, planned to enter in force from 2012.
OTC DEALS FIXED ON 4% OF SAKTSIVPRODUKTI SHARES
(Daily News: November 4, 2009)
Georgian Stock Exchange reports on 2 OTC deals, fixed today on shares of JSC Saktsivprodukti (cold storage). In total, 23,270 shares (4% of emission) were sold for 11.635 lari.
ZURAB SVIMONIA: IRMA BECAME THE FIRST STATE STRUCTURE AMONG ENTERPRISE DEVELOPMENT NETWORK MEMBERS
(Daily News: November 2, 2009)
Zurab Svimonia, head of Investment Risks Management Agency (IRMA), has declared that the Agency will become official member of the Enterprise Development Network of the US Overseas Private Investments Corporation (OPIC) tomorrow.
IRMA is the first governmental structure, which became member of the network, Svimonia stressed.
GEORGIAN PRIME-MINISTER ON OFFICIAL VISIT TO UAE
(Daily News: November 2, 2009)
Press service of Georgian government informs that Premier Nika Gilauri is in Abu-Dhabi (UAE) in terms of official visit.
According to the press service, the premier left for Abu-Dhabi with Economic Development Minister Zurab Pololikashvili yesterday.
SPECIAL GROUP TO MONITOR GOVERNMENT FINANCE
(Daily News: October 28, 2009)
As it was reported at the meeting of the Parliament’s Fiscal Committee today, interim working group for government finance monitoring has been set up, following the initiative of the Committee.
According to the chairman of the Committee Zurab Melikishvili, the main task of the group will be monitoring of state finance management and course of reforms, as well as working out corresponding recommendations.
24 Saati: “BANKING WEEK CONTINUES”
(Economic Press Monitor: October 21, 2009)
Economic Development Minister Zurab Pololikashvili holds meetings with representatives of banking circles. He has already met the heads of Sakartvelos Banki (Bank of Georgia), Cartu, VTB Bank Georgia and Republic.
Kviris Palitra: “MICE INVASION IN SHIDA KARTLI!”
(Economic Press Monitor: October 19, 2009)
Population of Kaspi district (Shida Kartli region) complains of invasion of mice, the article says. Gnawers destroy sowings, mainly wheat.
BASISBANK TO RECEIVE CREDIT LINE FROM OPIC IN NOVEMBER
(Daily News: October 23, 2009)
Basisbank informs that credit line from OPIC (the US Overseas Private Investments Corporation) will be received by mid November.
The matter concerns $5 million financial resource, envisaged for small and middle-sized business funding.
Rezonansi: “WHAT DID NOT CONSIDER THE “FATHERS OF ECONOMY””
(Economic Press Monitor: October 15, 2009)
In his interview to the newspaper, Zurab Tkemaladze, the former MP and businessman, comments Economic Freedom Act, initiated by the authorities.
Thus, concerning the initiative on tax rates increase only by the results of referendum, Tkemaladze says that not tax rates are a heavy load, but the taxable base.
AGREED DRAFT BUDGET-2010 TO BE SUBMITTED TO THE PARLIAMENT IN NOVEMBER
(Daily News: October 16, 2009)
As it became known at the today meeting of the Parliament’s Fiscal Committee, the government will submit summed up draft budget-2010 to the Parliament in November.
The chair of the Committee Zurab Melikishvili presented 8-article remarks and recommendations of the majority.
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