TODAY:

economics

“CHEAP LOAN” PROGRAM DID NOT PROVE ITS VALUE

Vato Surguladze, head of Health and Social Programs Agency, said that “Cheap Loan” program has not proved its value. By the state of May 1, 18,000 people were insured in total, while it was envisaged to insure 500,000 by June 30 (program deadline).

business

BANK REPUBLIC HAD PROFIT OF 157,013 LARI IN Q1

Bank Republic announced profit of 157,013 lari for the 1st quarter. To remind, the bank had loss of 545,968 lari for the same period of last year.

VTB BANK GEORGIA FINISHED Q1 WITH LOSS OF 3.19M LARI

VTB Bank Georgia reported loss of 3.19 million lari in the 1st quarter. To remind, the bank had profit of 1.82 million lari in the same period of last year.

LOSSES OF BASISBANK AMOUNTED TO 4.26M LARI IN Q1

Basisbank reported loss of 4.26 million lari in the 1st quarter. To remind, the bank fixed profit of 1.51 million lari in the same period of 2008.

EBRD MAY ACQUIRE SHARE IN LLC MARNEULI FOOD PLANT

Giorgi Dekanosidze, director of LLC Marneuli Food Plant, has told Sarke that negotiations with EBRD are underway regarding selling of share in the company. Details are not specified at this stage, however.

AUCTION TO BE HELD ON 18 MINING LICENSES

Economic Development Minister has brought 18 mining licenses on auction. Starting price of the licenses makes up 536,937 lari in total.

FOUR COMPANIES INTERESTED IN KUTAISI STATION RECONSTRUCTION

As LLC Georgian Railway told Sarke, 4 companies expressed interest in reconstruction of Kutaisi passenger station. The mentioned companies are LLC Dagi, LLC Inzhmsheni-96, LLC Kombiteki and LLC Alizi.

WATER SYSTEM REHABILITATION TO START IN GARDABANI

Gamgeoba (local administration) of Gardabani announced a tender on water system rehabilitation. The tender, divided into two lots, will be held on May 27.

For further information:

Sarke