Georgian English Russian Main Register Company Partners Feedback
Sarke Information Agency
Georgian/English/Russian Menu

Daily News
Economic Press Monitor
Special Report
 
Georgian Business Ethics Web Conference


Daily News

March 15, 2017

Previous Issues:  Days: < 13 14 15 16 17 > 

 

Note: Please login to get full access to the articles. If you are still not the Sarke's user, please register.

politics

    DAVID KIRVALIDZE APPOINTED AS AGRICULTURE DEVELOPMENT ADVISER TO THE PREMIER

    David Kirvalidze is appointed as agriculture development adviser to the Prime Minister, administration of the government announced.

    Kirvalidze, born in 1967, held post of Agriculture Minister twice (in 2000-2004 and 2012-2013).


economics

    LIVING WAGE IN FEBRUARY INCREASED BY 3% Y-O-Y

    Sakstat reported that in February, living wage of average consumer made up 148.9 lari. If compared with the same month of 2016 (144.5 lari), the showing has increased by 3%.


    FINANCE MINISTRY: LARGE INVESTMENTS COMPANIES INTERESTED IN GEORGIAN GOVERNMENT’S TREASURY SECURITIES

    Georgian Finance Ministry declared that large international investment companies are interested in investment in Georgia. They “already own Georgian securities – Eurobonds.


    “WEG”: CURRENT GAS TARIFF CORRESPONDS TO ALMOST 2-TIME LESS COST THAN IT WAS AT THE TIME OF ITS SETTING

    Analytical center World Experience for Georgia (WEG) estimates that only taking into account inflation, it could be said that current gas tariff corresponds to almost 2-time less cost than it was at the time of its setting. Utility tariffs on natural gas in Georgia have not been revised since 2005.


    SERVICE FOR STANDARDS AND CERTIFICATION OF PLANT SEEDS AND SEEDLING MATERIALS OPENED A LAB

    Agriculture Ministry reported that Agriculture Scientific-Research Center’s Service for Standards and Certification of Plants Seeds and Seedling Materials has opened laboratory in Tsilkani village of Mtskheta municipality (Mtskheta-Mtianeti region).

    The laboratory conducts tests in line with demands of International Seedlings Testing Association (ISTA), the Ministry pointed.


    TBILISI DEVELOPMENT FUND TO CONDUCT PROCUREMENTS FOR REHABILITATION OF GRIGOL ORBELIANI SQUARE, DRY BRIDGE AND NEARBY TERRITORY THROUGH SIMPLIFIED RULE

    The government decided to authorize Tbilisi Development Fund to conduct simplified procurements of goods, service and construction works within rehabilitation of Grigol Orbeliani Square, Dry Bridge and nearby territory in the capital.

    The decision is explained by intention “to conduct measures of state and public importance smoothly within restricted timeframe”.


business

    “BGEO GROUP” PLANS INVESTMENT OF $28M IN RENEWABLE ENERGY

    BGEO Group plans investment of $43 million in renewable energy sphere in partnership with RP Global (Austria). According to the group’s report, BGEO’s share will be 65% ($28 million).


    “BGEO GROUP”: IN 2016, PROFIT IN “EXPRESS BANK” SEGMENT MADE UP 34M LARI

    BGEO Group reported that profit of Sakartvelos Banki (Bank of Georgia) in Express Bank segment amounted in 2016 to 34 million lari. Number of clients made up 472,000.


    “TELIANI VALLEY” PLANS HOLDING OF 10% ON LOCAL BEER MARKET

    BGEO Group reported that wine company Teliani Valley plans to occupy 10% on local beer market. Report of the group indicates that Teliani Valley finished in 2016 the construction of beer brewery.


society

    PERSONAL DATA PROTECTION INSPECTOR’S REPORT: BIG PART OF CONSIDERED COMPLAINTS IS RELATED TO GROUNDS AND PRINCIPLES OF DATA PROCESSING

    Out of 216 complaints, considered during 2016, 121 ones were related to grounds and principles of data processing, Personal Data Protection Inspector’s report states.

    Of them, big part referred to access to citizens’ financial data and disclosure of information on their loan liabilities to the third party, as well as access to medical records, the document points.


Note: Please login to get full access to the articles. If you are still not the Sarke's user, please register.

Exchange Rates (NBG)
  03/28/17 + / -
  USD   2.4432   0.0023
  EUR   2.6516   0.0057
  RUR   4.2753   0.0326
Announcements
Dear readers,

We wish you Happy New Year with a lot of joyful events and pleasant surprises! Let 2017 be a year of peace, happiness and prosperity for all of you!

We are leaving for Christmas holidays and will resume our operation on January 9.

Sincerely,

Sarke Information Agency

Fujitsu Computer Systems Corporation

© 2017 Sarke Information Agency