PRIME-MINISTER DOES NOT SPECIFY VOLUME OF DONORS’ AID YET

Georgian Prime Minister Lado Gurgenidze announced today at the government meeting that Georgia will get “several hundreds of millions dollars” from international institutions in near future.

To remind, issue of aid for Georgia should be considered at the donors’ conference meeting in Brussels on October 22.

MONETARY POLICY RATE REMAINS UNCHANGED

National Bank of Georgia (NBG) reported that Monetary Policy Committee decided yesterday to leave basic rate of monetary policy (refinancing interest rate) on the level of 10%.

The Committee noted that because of small level of participation of short-term foreign capital in the country’s economic, situation on the world financial markets will not have great influence on Georgian financial system.

AJARA GOVERNMENT ALLOTS 1M LARI TO SUBSIDY MANDARINS’ PURCHASE FROM POPULATION

Ajara government will pay additional 10 tetri per 1 kg of second-grade mandarins to residents of region, chairman of Ajara government Levan Varshalomidze announced today. For that end, Ajara governemnt allots 1 million lari from the budget of autonomy.

business

ENERGOPRO GEORGIA STARTED REHABILITATION OF ELECTRIC NET IN GORI

JSC EnergoPro Georgia announced about launching rehabilitation of electric net in village Ergneti (Gori district of Shida Kartli region). The mentioned works will be finished by the end of October, the energy company noted.

THE 9TH FARMERS’ SERVICE-CENTER IS LAUNCHED THROUGH MCG’S FINANCING

One more farmers’ service-center, financed by Millennium Challenge Georgia fund (MCG), has been opened today in village Tsnori (Kakheti region). This became already the 9th center countrywide.

LLC GEORGIAN OIL AND GAS CORPORATION ANNOUNCED A TENDER ON FINANCIAL AUDIT AFRESH

LLC Georgian Oil and Gas Corporation announced two-stage tender on company’s financial audit for the second time. As LLC told Sarke, previous tender, announced on September 30, failed because of applications absence.

LAND PLOT IN GARDABANI IS AUCTIONED

Georgian Economic Development Ministry announced auction on the land plot, buildings and movable (47 units), located in Martkopi village (Gardabani district of Kvemo Kartli region).

Starting price of the object makes up $750,000.

LAND PLOT IN BATUMI IS SOLD WITH 20% REDUCTION

Ajara Finance and Economy Ministry for the third time put up to auction land plot in Batumi (Abashidze Str. 22).

FORMER CORROSION LAB IN BATUMI IS AUCTIONED WITH 20% REDUCTION

Ajara Finance and Economy Ministry for the fourth time announced auction on the building of former corrosion laboratory in Batumi. Starting price is reduced by 20% and makes up 800,000 lari.

LAND PLOT IS SOLD IN POTI

Georgian Economic Development Ministry announces that LLC Arto Ceramico acquired the state owned land plot in Poti for $400,000. This company appeared the only one, which accepted responded to bids invitation of the Ministry, announced on September 3.

LAST WEEK REVIEW

privatization & investment

FOR THEY DO NOT KNOW WHAT THEY ARE DOING

It is known that power enterprises being natural monopolies are under constant rapt attention of the state that cares about its power security.

Georgian power system had not been fit to operate independently and for the past ten years of political independence the problem of natural gas and power supply has not been solved.

politics & society

THE WAR