TODAY:

economics

BANKING CARDS’ TRANSACTIONS INCREASED DURING A YEAR BY 55.7%, VOLUME – BY 26.1%

According to the 1st quarter data of National Bank of Georgia (NBG), 3.49 million transactions have been made through plastic cards, issued by Georgian banks. The mentioned figure is almost by 55.7% more than for the same period of 2008.

MERAB KAKULIA: SIGNS OF BANKING CRISIS ARE NOT FIXED IN GEORGIA TODAY, BUT WE CAN SEE CREDIT DEPRESSION

According to Merab Kakulia, senior expert of Georgian-European Policy and Legal Advice Centre (GEPLAC), there are no signs of banking crisis in Georgia today. However, credit depression is obvious, which followed 2-year credit boom.

PASSENGER FLIGHTS BETWEEN LUXEMBURG AND GEORGIA HAS NOT BEEN STARTED YET

According to the United Transport Administration, passenger flights have not been started yet between Luxemburg and Georgia. Just to remind, in January the Administration reported on passenger flights to be started between Luxemburg and Georgia for near future.

business

GPI HOLDING OFFERS NEW HEALTH INSURANCE PRODUCT

GPI Holding announced that it has started offering new product Policy 60+, envisaged for people above 60. Policy 60+ costs 30 lari per year.

UNITED TELECOM LOWERS FEE FOR SWITCHING IN WIRELESS NETWORK

JSC United Telecom announced that from June 1 tariffs for wireless phone service have reduced in Tbilisi as well as in regions. Namely, Tbilisi subscribers can switch in wireless network for 100 lari (instead of 150), out of which 20 lari will be deposited on a client’s account as advance.

RECONSTRUCTION OF GENERAL POST OFFICE TO START IN THE END OF 2009

Tengiz Lomitashvili, marketing manager of development company Development Solutions, says that reconstruction of the General Post Office in Tbilisi (Rustaveli Ave. 31) will start in the end of 2009 and will last until 2011.

ONLY ONE COMPANY BECAME INTERESTED WITH RECONSTRUCTION OF POTI RAILWAY STATION

LLC Georgian Railway told Sarke that only one company, LLC In-Si, became interested in reconstruction of Poti station. The repeated tender was held yesterday.

FOUR COMPANIES BECAME INTERESTED IN SPECIAL FIRE-ENGINES INSURANCE

Tbilisi City Hall told Sarke that four companies applied for tender on insurance of special fire engines. Tender envelopes were opened yesterday.

OTC DEAL WAS HELD ON 13.7% OF JSC KHIDMSHENI

Georgian Stock Exchange reports that OTC deal was held today on large pack of JSC Khidmsheni (Bridge Builder). Namely, 180,576 shares (13.7% of issued shares) were sold for 90,475 lari.

KUTAISI AUTOMOBILE PLANT’S PROPERTY IS AUCTIONED FOR 12M LARI

Bankruptcy manager of JSC Kutaisi Automobile Plant announced auction on the property of the JSC. Starting price of the property makes up 12 million lari.

LLC PORT METAL SERVICE PROPERTY AUCTIONED FOR 2.5M LARI

Tbilisi Regional Center of Georgian Finance Ministry’s Revenue Service (Tax Inspection) has announced auction on seized property of LLC Port Metal Service. Total starting price makes up 2.5 million lari.

AUCTION ON JSC GORKONI PROPERTY FAILED

Gori tax inspection has informed Sarke that auction on seized property of JSC Gorkoni (tinned food plant), scheduled for today, failed due to lack of applications. Total starting price was defined by 1.4 million lari.

PROPERTY OF FORMER MARINE CLUB IS SOLD AT 30% DISCOUNT

Ajara Finance and Economy Ministry told Sarke that property of the so-called Marine Club in Batumi (Gogebashvili Str. 18) was acquired by LLC Mood.

PROPERTY OF LLC LAZI IS BROUGHT TO AUCTION AFRESH

Poti Regional Center of Georgian Finance Ministry’s Revenue Service (Tax Inspection) announced auction on seized property of LLC Lazi afresh. Starting price of the property is unchanged – 910,810 lari.

LLC OZURGETI ROAD ADMINISTRATION TO HOLD PART OF REHABILITATION WORKS OF OZURGETI MOTOR ROAD

The only participant of the tender, LLC Ozurgeti Road Administration, will hold remained part of motor road rehabilitation works at the territory of Ozurgeti (Guria region). The tender, announced for the second time, was held these days.

For further information:

Sarke