Daily News March 15, 2017	Days:  13 14 15 16 17

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.