TODAY:

economics

NEGOTIATIONS ARE UNDERWAY WITH WB ON CURRENT YEAR’S FINANCING

World Bank (WB) representation in Georgia informs that negotiations on this year’s financing are being held at this stage and the final sum is not specified yet. According to the preliminary data, $70 million will be allotted at the first stage, which will be used, in particular, for construction of local (rural) roads.

COMMERCIAL BANKS’ ASSETS ARE TOTALED TO 9B LARI

National Bank of Georgia (NBG) reports that total volume of commercial banks’assets made up 8.8 billion lari in 2008. It should be mentioned that the volume made up 7.2 billion lari in the previous year.

VOLUME OF DEPOSITS PLACED IN NATIONAL CURRENCY REDUCED, WHILE IN FOREIGN CURRENCY – INCREASED

National Bank of Georgia (NBG) reports that volume of banking deposits, placed by the physical persons in the national currency, made up 306 million lari in 2008. This rate is reduced by 11.2% compared with the previous year (344 million lari).

60% OF SUM, ISSUED TO FOUR BANKS IN TERMS OF AGRICULTURAL DEVELOPMENT PROJECT, IS MASTERED

World Bank (WB) representation in Georgia reports that major part of $10.4 million, allotted in terms of WB project on agricultural development, is already mastered. Nearly $6 million is mastered, told Sarke the representation.

business

IIC-GEORGIA TO SEEK BUSINESS PARTNERSHIP WITH MONACO

Georgia’s International Chamber of Commerce (ICC-Georgia) announces that a visit to Monaco is planned in spring. Meeting with potential business partners will be held in terms of the visit, where Georgian companies (members of the Chamber) will have a possibility to take part.

SALES OF GG&MW INCREASED BY 12.6% IN 2008

Georgian Glass & Mineral Waters (GG&MW) announced that it had sold 107 million bottles of mineral waters in 2008, which is more by 12.6% compared with the previous year (94.8 million bottles). Local market accounted for 36% of sales, while export accounted for 64% in 2008.

SALES OF HYPERMARKET GOODWILL INCREASED BY 29.7% IN 2008

Hypermarket Goodwill announced that its sales made up 52.9 million lari in 2008, exceeding previous year’s same figures by 29.7%. The company does not name the volume of investments, implemented in 2008.

GOODWILL TO OPEN THREE BRANCHES IN THE NEAREST FUTURE

Hypermarket Goodwill will open three branches in the nearest future, told Sarke company’s marketing manager Nato Darchiashvili. Namely, it is planned to open a branch in Batumi (at the territory of Batumi Plaza) in February.

LLC CHOLOKI TO INCREASE MUSHROOMS PRODUCTION

Ajara government announced that the LLC Choloki, owner of mushroom hothouse in Khelvachauri district, plans to increase production. Currently, the hothouse produces 3 t of mushrooms per month.

COMMUNICATIONS COMMISSION TO DISCUSS INTERCONNECTION TARIFFS OF THREE OPERATORS

The agenda of today’s meeting of Georgian Communications Commission envisages suspension of the interconnection agreement of JSC United Telecom with two operators. The matter concerns LLC Infotel and LLC Maxtelcom.

10,000 NUMBERS WERE SOLD AT 22,000 LARI

Georgian Communications Commission announces that LLC Akhali Kselebi got the license for numeration resource use in Tbilisi. The company became the winner of today’s auction, where it was rivaled by LLC Wanex.

FINANCE MINISTRY TO PROCURE CASH REGISTERS

Georgian Finance Ministry announced an international tender on cash registers’ procurement. The matter concerns acquisition of 3,500 cash registers, delivery term of which will be restricted by 80 days.

TBILISI GOVERNMENT AUCTIONS NON-AGRICULTURAL LAND PLOTS

Tbilisi government announces auction on several non-agricultural land plots, located in various districts of Tbilisi. The largest one is located on Kakheti highway.

LARGE LAND PLOTS ON ELIA MOUNTAIN IN TBILISI ARE AUCTIONED

Tbilisi government announces an auction on large agricultural land plot on Elia Mountain in Tbilisi (near the monastery complex). The site is divided in plots and auctioned in 12 lots.

For further information:

Sarke