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Daily News

July 5, 2018

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politics

    IDFI: STRUCTURAL CHANGES IN THE GOVERNMENT, STARTED IN DECEMBER 2017, COULD NOT SECURE OPTIMIZATION OF BUREAUCRATIC EXPENSES

    Institute for Development of Freedom of Information (IDFI) concludes that structural changes in the government, which were started in December 2017, could not secure during 5 months of this year optimization of bureaucratic expenses.

    Size of staff of central offices, reduced to some extent as a result of the ministries’ merge, did not cause cut of remuneration costs, IDFI explains.


economics

    IN 6 MONTHS OF THE YEAR, GEORGIA’S WINE EXPORT INCREASED IN NATURAL EXPRESSION BY 21% Y-O-Y, WHILE IN MONETARY EXPRESSION – BY 28%

    National Wine Agency reported that Georgia’s wine export for 6 months of this year made up 38.2 million bottles (0.75 l). If compared with the same period of 2017, the volume has increased by 21%.


    GREENFIELD INVESTMENT PROJECTS/OFFERS TO BE COLLECTED IN THE DATABASE

    Economy and Sustainable Development Ministry’s Agency Produce in Georgia declared about start of compilation of unified database of new (Greenfield) investment projects/offers.

    In future, this information will be disseminated among potential investors during various events, the Agency explained.


    TBILISI CITY HALL: ARRANGEMENT OF PARK IN GLDANI WILL BE FINISHED IN ABOUT 4 MONTHS

    Tbilisi City Hall declared about launch of works on arrangement of park on the territory of 20,000 square m in the 6th block of Gldani district.

    The City Hall noted that works, which are conducted by LLC Tao, will be completed in about 4 months.


business

    TBILISI CITY HALL: ENTITIES, INTERESTED IN ARRANGEMENT OF UNDERGROUND PARKING, WILL GET LAND PLOTS IN OWNERSHIP

    Tbilisi City Hall decided to hand over land plots to entities, interested in arrangement of underground parking, in ownership instead of previous offer to give them in 25-year rent. Mayor Kakha Kaladze declared this at the capital government meeting on July 4.


    OFFSHORE WORKS IN ANAKLIA PORT TO BE CONDUCTED BY DUTCH “VAN OORD”

    Offshore works within construction of deep-water port Anaklia will be conducted by Dutch company Van Oord, Anaklia Development Consortium declared. Works will be launched in August.


    “NENSKRA HYDRO”: PREPARATORY WORKS WITHIN “NENSKRAHES” PROJECT ARE COMPLETELY STOPPED SINCE THE BEGINNING OF THE YEAR

    Since the beginning of the current year, preparatory works within construction of NenskraHES are completely stopped until now, reported JSC Nenskra Hydro, which implements the project. The works meant only rehabilitation of existing roads and bridges, the company pointed.


    “FITCH” RATED GEORGIAN MICROFINANCIAL ORGANIZATION “SWISS CAPITAL”

    Fitch Ratings declared about assignment of “B-” rating to Georgian microfinancial organization Swiss Capital with “stable” outlook.

    The agency specified that Swiss Capital is going to issue local bonds, which rating will depend “upon the receipt of final documents conforming to the information already received”.


society

    “TI GEORGIA” NAMED MAJOR FACTORS, PROMOTING CORRUPTION IN JUDICIAL SYSTEM

    TI Georgia, Georgian branch of Transparency International, declared that major factors, encouraging possible corruption in judicial system, are undue influence on administration of justice by influential groups of judges and systemic problems of judicial authority.

    Referring to conducted research, the organization specifies that the mentioned problems are caused by defective legislation and their resolution appeared impossible because of opposition, outer to judicial system itself.


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