TODAY:

politics

RENEWED CABINET WAS PRESENTED TO THE PARLIAMENT TODAY

Renewed composition of the Georgian government was presented today to the Parliament, which is caused by changing of the Prime Minister and launching two new ministries. Candidacies were discussed on the meeting of the Parliament’s bureau.

economics

GERMAN AID MADE UP 14M EUR AFTER AUGUST WAR

German embassy in Georgia announced that Germany allotted 14 million EUR in total as humanitarian aid and for support for revival of Georgia after the August war. The mentioned sum was mainly used for improvement of living conditions of population, suffered during the August events, and for restoration of the damaged infrastructure, the embassy notes.

EU OFFERS GEORGIA SIGNING OF NEW AGREEMENT IN THE AVIATION FIELD

United Transport Administration informs that European Commissions come out with the initiative of holding negotiations about signing of the new agreement in the aviation field. Namely, European Commissions issued on January 30 a directive on signing of the comprehensive aviation agreement with Georgia.

15 BANKS OPERATE THROUGH FOREIGN CAPITAL, 3 – THROUGH GEORGIAN CAPITAL ONLY

National Bank of Georgia (NBG) reports that by the state of December 31, 2008, 15 banks operate on the local market with participation of the foreign capital. This figure made up 12 at the beginning of 2008.

NEARLY 72% OF CREDITS IS ISSUED IN FOREIGN CURRENCY

National Bank of Georgia (NBG) reports that volume of credits, issued by the commercial banks in 2008, made up 6.06 billion lari. The figure exceeds showing of the previous year (4.6 billion lari) by 32%.

DEPOSITS, PLACED BY LEGAL ENTITIES IN FOREIGN CURRENCY, ACCOUNT FOR 63% OF TOTAL

National Bank of Georgia (NBG) reports that volume of deposits, placed by legal entities in foreign currency, made up 1.2 billion lari in 2008, i.e. 63% of the total volume. This figure is more by 19% compared with the year 2007 (1.03 billion lari).

business

BTA BANK ANNOUNCED PROFIT OF 1.21M LARI IN 2008

Georgian BTA Bank reports that net profit made up 1.21 million lari by the state of December 2008. It should be mentioned that net profit of the bank amounted to 4.4 million lari in 2007.

TURNOVER OF POTI PORT INCREASED BY 4.5% IN 2008

Corporation Poti Sea Port informs that the port processed 8.08 million t of cargo in 2008. This rate exceeds previous year’s same figures by 4.5% (7.7 million t).

TENDERS ANNOUNCED ON SHORE PROTECTION

Georgian Environment Protection and Natural Resources Ministry announced tenders on holding shore protection. The tenders envisage two stages.

COAL-CONCENTRATING PLANT IN TKIBULI TO BE LAUNCHED IN APRIL

Georgian Industrial Group (GIG) informs that current plans envisage launching of coal-concentrating plant in Tkibuli from April 2009, instead of initially announced February 2009. Productivity of the plant will make up 150 t per hour.

LLC TOBE EXPLAINS DELAY IN SELLING ITS SHARE WITH THE GLOBAL CRISIS

Director general of LLC Tobe (concrete and ferroconcrete producer) Tengiz Chikhradze told Sarke that selling of LLC’s share was delayed because of the global crisis. This process was planned to be finished by the end of 2008.

society

ASSETS OF CHRISTIAN-DEMOCRATS MOVEMENT MAKE UP 84,713 LARI

According to the financial report, published by Christian-Democrats Movement, assets of the party made up 84,713 lari in 2008. Financing of the party amounted to 875,609 lari.

For further information:

Sarke