TODAY:

politics

UNITED TRANSPORT ADMINISTRATION HAS A NEW HEAD

Giorgi Bokuchava was appointed the new head of the United Transport Administration of Georgia these days. He replaced Irakli Taktakishvili, who had resigned by his own will.

economics

ACTUAL TOPIC: ANTIMONOPOLY REGULATION

Pretensions towards the authorities because of cancellation the antimonopoly service and non-corresponding regulation in this field are constantly heard. Expert Emzar Jgerenaia, professor of Tbilisi State University, shares his opinion on this topic to Sarke.

business

SAKARTVELOS BANKI OFFERS INVESTMENT DEPOSIT WITH RENEWED TERMS

Sakartvelos Banki (Bank of Georgia) announced today about offering of the Investment Deposit with renewed terms. Namely, profitability of this deposit may be linked already not only to price of oil, but also to price of gold as well as to USD/EUR.

TBC BANK INCREASED COMMISSION RATE WHILE CASHING TBC CARD

TBC Bank announced that commission rate on money withdraw with TBC Card (credit cards Visa Classic, Visa Gold, MC Standard and MC Gold) increased from today. In ATMs of TBC Bank and VTB Bank the commission rate makes up 1.9% (instead of former 1%), while minimal service fee – 2 lari (instead of 1 lari).

BANK REPUBLIC FOLLOWS ITS STRATEGY TO OPEN ONE BRANCH PER MONTH

Bank Republic opened today new branch in Tbilisi (Ortachala district), which became its 45th branch countrywide. In the end of January, the bank had opened branch in Sanzona, another district of Tbilisi.

GEORGIAN GLASS & MINERAL WATERS HAS NOT YET DECIDED TO PARTICIPATE IN THE AUCTION ON BORJOMI LICENSE

Georgian Glass & Mineral Waters (GG&MW) announced that it will make a decision, whether to take part in the auction on Borjomi extraction license or refuse, these days. Consultations on the subject are underway at the moment and the result will be known in the nearest future, told Sarke head of company’s PR service Nitsa Cholokashvili.

ARCI TO START CONSTRUCTION OF DWELLING HOUSE IN VAKE NEXT WEEK

Construction company Arci announced that construction of the dwelling house in Tbilisi elite district Vake (Chavchavadze Avenue, in front of the Park Vake) will start from the next week. Works should be finished in 1.5 years.

ELECTRIC CAR-REPAIR PLANT WORKS AT ORDERS FROM ARMENIA AND AZERBAIJAN

Tbilisi JSC Electric Car-Repair Plant announced that works are underway, in terms of the orders from Armenia and Azerbaijan. Orders should be completed by the end of 2009.

AMERICAN GUSTAVSON ASSOCIATES FINISHED FEASIBILITY STUDY OF GAS STORAGE CONSTRUCTION PROJECT

Fund Millennium Challenge Georgia (MCG) announced that the US company Gustavson Associates will submit by the end of February the final report on results of feasibility study of the gas storage construction project. Location of the gas storage will be selected by Georgian Energy Ministry in April 2009 (sites in Ninotsminda, Rustavi and Samgori are under consideration).

VNIPITRANSGAZ FINISHED REHABILITATION DESIGN OF 50-KM NAVTLUGI-SAGURAMO SECTION OF GAS MAIN

Georgian Oil and Gas Corporation announced that Ukrainian company Vnipitransgaz has completed rehabilitation design of 50-km Navtlugi-Saguramo section of the gas main pipeline. Cost of contract with the company made up $195,000.

REHABILITATION OF RIKOTI TUNNEL TO START IN SUMMER

As Georgian Roads Department told Sarke, rehabilitation of Rikoti tunnel, connecting western and eastern parts of the country, will start in summer after finishing of the project works. Rehabilitation works will last 2 years.

TENDER IS ANNOUNCED ON REHABILITATION OF WATER FACILITIES IN KAZBEGI

Gamgeoba (local administration) of Kazbegi (Mtskheta-Mtianeti region) announced a tender on rehabilitation of the water supplying system and its headgate. The tender is divided into 10 lots.

LLC TBOMEURNEOBA AUCTIONS ITS PROPERTY

LLC Tbomeurneoba announced auction on its immovable property, located in Tbilisi. Total cost of the property, which is auctioned at 10 lots, makes up 6.16 million lari.

society

JSC WISSOL PETROLEUM GEORGIA TO ALLOT $3M FOR DEVELOPMENT OF SPORTS INFRASTRUCTURE

JSC Wissol Petroleum Georgia announced that it is going to spend $3 million in total in development of the sports infrastructure. In terms of Tbilisi sports infrastructure development project, the company has already totally rehabilitated the football school Avaza.

For further information:

Sarke