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Daily News

August 10, 2017

Previous Issues:  Days: < 08 09 10 11 14 > 

 

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economics

    THE PREMIER: WE PLAN MUCH BIGGER SCALE OF INFRASTRUCTURE WORKS FROM NEXT YEAR

    While speaking on infrastructure works at the government meeting today, Prime Minister Giorgi Kvirikashvili declared: “We plan much bigger scale from the next year”. “Many projects, which will be launched in 2018, are already at the preparation stage today”, he noted.


    THE PREMIER: WORK IS UNDERWAY AT ZEMO LARSI CHECKPOINT, AIMING DEVELOPMENT OF INFRASTRUCTURE FOR SOLUTION OF TRUCK QUEUES PROBLEM

    At the government meeting today, Prime Minister Giorgi Kvirikashvili commented on delays, which drivers of trucks face on Zemo Larsi checkpoint (Georgia-Russia border) because of increased tourists’ inflow, administration of the government reported.

    As administration of the government reported, the Premier declared that “we will have there already arranged infrastructure of TIR parks in near future, and we hope very much that this problem will be solved too”.


    ELECTRICITY AND WATER TARIFFS TO BE SET FOR 3-YEAR PERIOD

    National Energy and Water Supply Regulating Commission declared that it has amended today methodology of tariffs’ calculation in spheres of electricity generation (hydrogeneration) and transmission, as well as water supply.

    In particular, since January 1, 2018, tariffs for licensees of these spheres will be set for 3-year period of regulation, the Commission said.


    “WEG”: BECAUSE OF GAS PRICE INCREASE, UTILITY COSTS OF AVERAGE TBILISI FAMILY WILL GROW IN WINTER BY 0.08-0.09%, IN SUMMER – BY 0.02%

    Non-governmental organization World Experience for Georgia (WEG) pointed that share of utility costs (care of the house, water, electricity and gas bills, other heating means) in cumulative expenses of Georgian households averages at 11-12%.

    Referring to own calculations, the organization declared that because of gas price increase, expenses of average Tbilisi family will increase in winter by 0.08-0.09%, while in summer – by 0.02%.


    EPRC TO COOPERATE WITH AGENCIES OF THE ECONOMY MINISTRY IN TERMS OF FACILITATION TO SME DEVELOPMENT

    Ministry of Economy and Sustainable Development declared that its structures, Produce in Georgia Agency and Agency of Innovations and Technologies, signed memorandum of cooperation with Economic Policy Research Center (EPRC).

    Under the memorandum, the parties will work in terms of assistance to development of small and average business in the country, the Ministry said.


    GEORGIAN AVIATION UNIVERSITY TO LAUNCH 3 NEW MODULAR PROGRAMS

    Within “Professional Education for Economic Development” project of Millennium Challenge Account – Georgia, Georgian Aviation University will launch 3 new modular programs since October.

    The programs were developed in line with requirements of European Aviation Safety Agency (EASA), Georgia Agency of Civil Aviation reported.


business

    “TAV GEORGIA”: 7 FLIGHTS OUT OF 22 ONES, SCHEDULED BETWEEN 02:00 AND 09:00 ON AUGUST 10, WERE CONDUCTED WITH DELAY

    TAV Georgia (operator of Tbilisi and Batumi airports) reported that at 02:00 on August 10, systemic problem was appeared in incoming channel of aviation communication network of Tbilisi International Airport. As a result, 7 flights out of 22 ones, scheduled between 02:00 and 09:00, were conducted with delay, the company said.


    “GEORGIAN AIRWAYS” STARTS FLIGHTS TO DUBAI

    Georgian Airways declared about start of flights to Dubai. The airline will conduct charter flights between Tbilisi and Dubai from August 31 until end of summer navigation season (October 27).


    NBG FINED MICROFINANCIAL ORGANIZATION FOR CUSTOMER RIGHTS’ VIOLATION

    National Bank of Georgia (NBG) declared that “because of charging customer with interest rate and penalties, exceeding the volume, established by law”, it has fined the microfinancial organization (not specified).

    NBG pointed that amendments to Civil Code, enacted on January 14, establish maximum rate of interest on credit (effective 100%) and maximum volume of penalties (annual 150%).


society

    FUND OF “SAKARTVELOS BANKI” ANNOUNCED THE 4TH GRANT COMPETITION

    Sakartvelos Banki (Bank of Georgia) declared that it fund, Sitsotskhlis Khe (Tree of Life) announced the 4th competition of grants in support of social business. Acceptance of applications will start on August 10 and will last until September 10.


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