TODAY:

economics

NBG VICE-PRESIDENT: OFFICIAL EXCHANGE RATE WILL BE FIXED BASED ON RESULTS OF DEALS ON INTERBANK CURRENCY MARKET ONLY

According to David Amaglobeli, vice-president of National Bank of Georgia (NBG), in future, official exchange rate will be fixed only according to results of deals on interbank currency market (i.e. currency auctions). Presently the rate is fixed in accordance with trades, conducted on Tbilisi Interbank Currency Exchange.

TENDER ON BANK SELECTION FOR “CHEAP CREDIT” PROGRAM SERVICING TO BE ANNOUNCED BY LATE MAY

Selection of bank (or micro-financial organization), which will be partner in terms of “Cheap Credit” state program, became duty of Economic Development Ministry. The mentioned decision was adopted on the government meeting of May 12.

STATE BUDGET TO ALLOT 406,500 LARI FOR SUPPORT OF LOCAL WATER DISTRIBUTERS

The state will allot 406,500 lari, aiming support of local water distribution companies. The sum should be used for paying fee of energy, consumed in March.

business

MCG APPROVED NEXT AGRO-PROJECTS

According to the Millennium Challenge Georgia fund (MCG), the next 11 grant applications have been approved in terms of agribusiness development program. Total cost of the projects makes up $500,000.

PREQUALIFICATION APPLICATIONS ON REHABILITATION OF VAZIANI-GOMBORI-TELAVI ROAD SECTION ARE RECEIVED

Georgian Road Department is receiving prequalification applications on rehabilitation of Vaziani-Gombori-Telavi road section. Deadline for applications’ submission is June 22.

IC GROUP ACQUIRED SAKHALKHO DAZGVEVA

IC Group (VTB Bank Georgia’s daughter company) acquired JSC Sakhalkho Dazgveva (Peoples Insurance). The agreement with Sakhalkho Banki (Peoples’ Bank, owner of Sakhalkho Dazgveva) was signed today.

UNITED TELECOM TO INCREASE CLIENTS’ NUMBER IN IMERETI

JSC United Telecom reported on additional works, planned to start in Kutaisi (main city of Imereti region) in order to increase number of subscribers of CDMA wireless phone. Works will be started in summer.

PROPERTY OF JSC KARTULI SHALI IS AUCTIONED FOR 1.65M LARI AFRESH

Tbilisi Regional Center of Georgian Finance Ministry’s Incomes Service (Tax Inspection) re-announced auction on property of JSC Kartuli Shali (Georgian Wool). Starting price of the property did not change, making up 1.65 million lari.

PROPERTY OF LLC ELEKTROSHEDUGEBA IS AUCTIONED

Tbilisi Regional Center of Georgian Finance Ministry’s Incomes Service (Tax Inspection) brought to auction property of LLC Elektroshedugeba (Electric Welding). Starting price makes up 901,132 lari.

For further information:

Sarke