Kviris Palitra: “PUNJABI FARMERS GO TO GEORGIA”
(Economic Press Monitor: January 14, 2013)
Chairman of Farmers Union Zurab Tetvadze states that in recent years, Indians are massively purchasing lands in Kakheti region. “I know that they have acquired hundreds of hectares in Signagi, in Alazani valley and other places”, he declares.
GEORGIAN DELEGATION TO HOLD NEGOTIATIONS WITH RUSSIAN SANITARY SERVICE
(Daily News: December 27, 2012)
Georgian delegation will visit Russia in terms to hold negotiations with Russian sanitary service and speed up return of Georgian production to Russian market.
The delegation, which plans to visit Moscow in January, is composed of representatives of National Wine Agency, Winemakers’ Association and the government.
ANOTHER COMPANY ENTERED INSURANCE BROKERAGE MARKET
(Daily News: December 21, 2012)
National Bank of Georgia had issued recently a license for insurance brokerage activity to LLC Universal Insurance Group. Consequently, 15 insurance brokerage companies operate on Georgian market now.
Rezonansi: “NO MORE NEED OF BUSINESS OMBUDSMAN?”
(Economic Press Monitor: December 19, 2012)
Institution of business ombudsman exists in Georgia already for a year. However, existence of this institution became questionable after the government change, the newspaper reports.
Rezonansi: “ADEISHVILI’S SCHEME FOR BANKRUPTCY OF “CARTU” BANK IS REVEALED”
(Economic Press Monitor: December 18, 2012)
Interior Ministry reports that a criminal scheme, organized by political officials, has acting to bankrupt bank Cartu, the newspaper says. This scheme was invented after Bidzina Ivanishvili (beneficiary owner of Cartu) had publicly announced about his decision to be actively involved in politics.
SPECIAL COMMISSION TO STUDY ACTIVITY OF AUDIT SERVICE
(Daily News: December 12, 2012)
The Parliament authorized a special commission to study financial-economic, legal and organizational activity of State Audit Service. The commission consists of 9 MPs and 5 invited experts.
MCC TO ALLOCATE GRANT OF $140M TO GEORGIA
(Daily News: December 12, 2012)
The US Millennium Challenge Corporation (MCC) plans to allocate grant of $140 million for education system development in Georgia.
As executive director of Millennium Challenge – Georgia Gia Zurabishvili declared today, the mentioned sum is allocated by MCC within the second Compact program.
GEORGIAN OIL AND GAS CORPORATION HAS NEW HEAD
(Daily News: November 27, 2012)
Georgian Oil and gas Corporation reports on appointment of David Tvalabeishvili as director general.
Energy and Natural Resources Minister Kakha Kaladze and executive director of Partnership Fund Irakli Kovzanadze had presented Tvalabeishvili to the Corporation staff.
HEAD OF NATIONAL FOOD AGENCY: FOOD SAFETY CODE NEEDS THOROUGH REDESIGN
(Daily News: November 26, 2012)
New chief of National Food Agency Zurab Chekurishvili considers that Food/Fodder Safety, Veterinary and Plant Protection Code should be fundamentally redesigned. This assumption is supported by professionals of this field and international experts, he said.
STATE AUDIT SERVICE TO STUDY EXPENDITURES OF NEW PARLIAMENT BUILDING CONSTRUCTION
(Daily News: November 22, 2012)
At the plenary session yesterday, the Parliament adopted resolution regarding “audit and inspection of funds’ attraction and reasonable spending on Georgia’s parliament palace construction in Kutaisi”. According to the mentioned document, State Audit Service will study all relevant expenditures.
NEGOTIATIONS STARTS WITH “INTERRAO” CONCERNING ELECTRICITY TARIFF
(Daily News: November 19, 2012)
Issues of electricity tariff in Tbilisi and fired employees of JSC TELASI will be discussed with InterRAO, owner of the capital’s energy distributor, Georgian Energy and Natural Resources Minister Kakha Kaladze told journalists before the government meeting today. Delegation of InterRAO arrives on November 21.
NEW HEAD APPOINTED IN NATIONAL FOOD AGENCY
(Daily News: November 14, 2012)
National Food Agency reported that it will be headed by Zurab Chekurashvili.
Chekurashvili was deputy head of agriculture unit of USAID-funded Economic Prosperity Initiative (EPI).
Rezonansi: “DRAFT BUDGET IS RETURNED BACK TO THE GOVERNMENT WITH A LOT OF NOTES”
(Economic Press Monitor: November 14, 2012)
The article notes that draft budget-2013 has reduced administrative part, while social expenditures are increased. The Parliament discussed the draft yesterday and returned it to the government.
THE PARLIAMENT CONSIDERS INTRODUCTION OF NON-TAXABLE MINIMUM
(Daily News: November 9, 2012)
Parliamentary Committee on Branch Economy and Economic Policy has considered today issue of non-taxable minimum income.
As head of the Committee Zurab Tkemaladze noted, introduction of non-taxable minimum was election pledge of Georgian Dream, which should be calculated in accordance with consumer basket.
Rezonansi: “PARLIAMENT BUILDING REMAINS WITHOUT FUNCTION”
(Economic Press Monitor: November 6, 2012)
Zurab Tkemaladze, chairman of Branch Economy Committee of the Parliament, claims that 360 million lari was spent on construction of the Parliament building in Kutaisi. At that, completion of the building needs more 20-30 million lari.
Rezonansi: “$40-50M IS ENOUGH FOR RESTORATION OF ABKHAZIA RAILWAY’S DAMAGED PART”
(Economic Press Monitor: November 6, 2012)
Paata Zakareishvili, State Minister for Reintegration, talks about restoration of railway communication with Russia via Abkhazia, which was stopped 20 years ago. He declares that this process must not have a political motive and should be guided only by economic interests.
BANKERS FORECAST DECLINE OF CREDIT RATES
(Daily News: October 31, 2012)
Deputy director general of TBC Bank Paata Ghadzadze expects that deposit yields will decline by 1-1.5% during next year. This decline will be followed by the respective decline of interest rates on loans, he says.
PROFIT OF “BASISBANK” DECLINED
(Daily News: October 23, 2012)
Basisbank reported net profit of 304,492 lari for 9 months of the year against of 570,983 lari for 6 months’ period. In comparison with the same period of 2011, the volume declined 5.8 times.
“TELASI” BOARD CONSIDERS LABOR DISPUTES
(Daily News: October 23, 2012)
JSC TELASI, Tbilisi energy distributor, spread a statement, which says that negotiations with trade unions are held concerning regulation of labor disputes.
In particular, the sides will consider mechanism of employees’ salaries formation, form of compensation for night-hour and holiday duty in service-centers.
PARLIAMENT OF THE 8TH CONVOCATION LAUNCHED WORK
(Daily News: October 22, 2012)
The first plenary session of the Parliament of the 8th convocation was held in Kutaisi yesterday, while the Parliament bureau held a meeting today.
As it is known, majority of the Parliament is represented by coalition Bidzina Ivanishvili – Georgian Dream.
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