Mtavari Gazeti: “THE SUIT BRINGING AND FREEZING OF ACCOUNTS HAVE NO RESULTS”
(Economic Press Monitor: March 17, 2004)
The law-enforcement bodies bring the suit against the former director general of LLC Quartzite Zurab Lobzhanidze on drawing up obvious losing contracts and damaging the enterprise with the loss at 18 million lari.
Lobzhanidze, announced in international search, declares about political repressions.
24 Saati: “LARI OCCUPIES THE NEW STABLE NICHE”
(Economic Press Monitor: March 10, 2004)
Reinforcement of lari rate has stricken on pockets of Georgian consumers, as on the contrary to economic logic, cheapening of production has not been caused.
This moment has at once been used by oppositional parties.
24 Saati: “TREASURY STARTED TO CO-FINANCE FOREIGN PROJECTS: INDEBTEDNESS REACHED 7M LARI”
(Economic Press Monitor: February 10, 2004)
Co-financing of Georgian side (at the extent of 20%) in the projects, being implemented by international financial institutions, always was the problem.
According to Soso Skhirtladze, chairman of State Debt Department in Finance Ministry, in 2003 on financing of 22 current projects instead of 28 million lari have been issued 18.7 million only.
Dilis Gazeti: “COVERAGE OF PENSIONARY INDEBTEDNESS IS PROMISED DURING 3 YEARS”
(Economic Press Monitor: February 4, 2004)
On the first joint press-conference, head of the United Fund of Social Welfare Lado Chipashvili and Finance Minister Zurab Nogaideli have reported about a 100-percentage financing of pensions and medical state programs in January. They have promised to report monthly about the situation in the sphere.
Mtavari Gazeti: “THE STORES OF WHEAT WILL BE SPENT IN 2 MONTHS”
(Economic Press Monitor: January 13, 2004)
The year has started with the growth of bread price. The executive authorities are pointing with this connection at the growth of prices on world markets, including tax at a 25 EUR, introduced by Russia on export of one ton of wheat.
Dilis Gazeti: “ALEKO ASLANIKASHVILI HAS DAMAGED THE CENTRAL BUDGET WITH 2.5M LARI”
(Economic Press Monitor: December 26, 2003)
The head of the Service of Excise Labels Aleko Aslanikashvili after revealed infringements was made to resign. Temporary his duties are being conducted by Vakhtang Pataraia.
Dilis Gazeti: “WILL LOBZHANIDZE RETURN TO TBILISI ON JANUARY 7?”
(Economic Press Monitor: December 25, 2003)
Zurab Lobzhanidze, the head of JSC Madneuli (ore mining and processing enterprise) on December 24 avoided dismissal for the second time. Now he is in Switzerland, his holiday is ending on January 7, while on 9 the matter about his tenure on the post will be considered again.
Mtavari Gazeti: “WHO WILL COOPERATE WITH BALCEROWICZ”
(Economic Press Monitor: December 18, 2003)
The new authorities have not define the criteria for the cooperation with group of Leszesk Balcerowicz (famous Polish economist), by assistance of whom in 2000 in Georgia was opened the representation of Case TransCaucasia, established by him.
Balcerowicz was the advisor of ex-president Eduard Shevardnadze, however the former authorities were not often envisaging the recommendations on reforms’ conducting and Polish economist was not able to do much.
Dilis Gazeti: “THE FINANCE MINISTRY CONTINUES PROHIBITION SERIES”
(Economic Press Monitor: December 16, 2003)
The Finance Minister Zurab Nogaideli has banned the realization of the state enterprises’ assets, having indebtedness, with the aim of the budget implementation. He estimated such actions as the “hidden privatization”.
Mtavari Gazeti: “WORLD BANK GIVES TO GEORGIA ANOTHER ECONOMIC AND SOCIAL CHANCE”
(Economic Press Monitor: December 4, 2003)
The World Bank’s (WB) credit portfolio depends on assistance strategy to the country. In accordance with the strategy on 2002-2005 years, Georgia will receive about $140 million.
Mtavari Gazeti: “THE SECOND ADVENT OF NOGAIDELI”
(Economic Press Monitor: November 28, 2003)
For the country, being in economic crisis, Finance Minister’s portfolio is still attractive. Only he will be able to close eyes to “black holes” of the budget, although the result of it will be reaped by population.
Mtavari Gazeti: “WHAT WAS HAPPENING IN MAGTI”
(Economic Press Monitor: November 26, 2003)
After coming of new authorities, successful business, the majority of which has ties with Shevardnadze family, is threatened by danger. The process of the shares’ redistribution may be conducted painfully.
Mtavari Gazeti: “AIR TRACK OF POLITICAL CRISIS”
(Economic Press Monitor: November 18, 2003)
November 18 – Political crisis has made corrections in the activity of air market. During November 1-12 5,554 passengers have been departed, while 4,269 have been arrived.
Khvalindeli Dge: “LAWYERS AGAINST NOGAIDELI”
(Economic Press Monitor: October 15, 2004)
All departments with the exception of the Finance Ministry express pretensions toward the Finance Minister Zurab Nogaideli because of financing cut in 2006. According to the draft budget-2005, financing of Finance Ministry will be 12 times more than the one of the court system.
24 Saati: “NOGAIDELI NOT INTENDS TO CHANGE ANYTHING”
(Economic Press Monitor: September 29, 2004)
The Finance Minister Zurab Nogaideli does not concede the claims toward the administrative part of the new Tax Code. He stresses that this Code is the most liberal in the region and declares that those who have pretensions are the lobbyists of non-payers.
Khvalindeli Dge: “CHARGES AGAINST GEORGIAN HACKERS PROVE”
(Economic Press Monitor: September 22, 2004)
Supreme Court has sentenced the former lecturer of Technical University and commercial manager of the firm Omega Zurab Tsinadze to a 4-year imprisonment for falsification of credit cards. Tsinadze used to use the falsified MasterCard at casino.
Mtavari Gazeti: “HOW THE STATE PROPERTY WAS SOLD”
(Economic Press Monitor: June 27, 2004)
The Economic Minister Irakli Rekhviashvili prefers selling of the state property through the auction at stock exchange. He has negative attitude to direct selling (privatization issue are prerogative of the Economic Ministry, while direct selling – of President).
Mtavari Gazeti: “FROM PIQUANT LUXURY TO REAL LIFE”
(Economic Press Monitor: June 24, 2004)
The authorities plan to sell the hotel, which belongs to the government of Georgia in Moscow, for $3-4 million. On these funds the authorities reckon upon acquiring the buildings for the embassies of Georgia in 4-5 countries.
Mtavari Gazeti: “THE BATTLE DANCE OF GEORGIAN GOVERNMENT IN EUROPEAN PALACE”
(Economic Press Monitor: June 17, 2004)
During the meeting of Georgian governmental delegation with the donors in Brussels, euro-commissioner Christopher Patten has reported about intention of EU to issue the additional 125 million EUR to Georgia in the near future.
The Prime Minister of Georgia Zurab Zhvania has assured that the funds of the donors will be used in such way that the country will need no help any more.
Mtavari Gazeti: “VAT WILL BE CHARGED ON CAPITAL INVESTMENTS BY THE CASH METHOD”
(Economic Press Monitor: June 17, 2004)
Since July 1 there will be started the mechanism on VAT offset. The Finance Minister Zurab Nogaideli considers the momentary accounting of VAT to be the nice possibility for attraction of foreign investments.
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