TODAY:

economics

PRIME MINISTER SPEAKS ABOUT REDUCTION OF ADMINISTRATIVE EXPENSES

Today, Georgian Prime-Minister Nika Gilauri charged Finance Minister Kakha Baindurashvili to reduce administrative expenses. The saved sum should be used for “Cheap Loan” program, the Prime Minister noted.

business

EBRD TO BECOME 25% OWNER OF BANK CARTU

European Bank for Reconstruction and Development (EBRD) reports that it plans to acquire 25% of bank Cartu shares. Giorgi Nozadze, head of relations with international financial institutions of Cartu, told Sarke that negotiations are being held at this stage on the mentioned issue.

AGENCY FOR SOCIAL SERVICE ANNOUNCED INTERNATIONAL TENDER ON BANKING SERVICE

Agency of Social Service announced one-stage international tender on banking service of social aid and allowances. The service should be provided from March 2009 to December 31, 2009.

UGT TO INSTALL EQUIPMENT OF JAPANESE BILLCON IN GEORGIAN BTA BANK

IT company UGT announced that it will equip cash centers of Georgian BTA Bank with money counting devices of Japanese company Billcon. The testing regime already passed successfully, the company said.

LLC GEORGIAN RAILWAY ANNOUNCED TENDER ON MEDICAL INSURANCE TO ITS STAFF

LLC Georgian Railway announced an international tender on provision of medical insurance to its staff. Service is envisaged for one year (2009).

GEORGIAN RAILWAY PLACED 19.5M LARI ORDER IN TBILISI ELECTRIC CAR-REPAIR PLANT

Georgian Economic Development Ministry reports that LLC Georgian Railway places an order of 19.5 million lari in Tbilisi Electric Car-Repair Plant. The contract envisages assembling of 3 new passenger trains and modernization of 8 ones.

RAK INVESTMENT AUTHORITY GEORGIA TO START PROJECTS IN AJARA IN SUMMER

RAK Investment Authority Georgia (Georgian subsidiary of Arab Rakeen Development) told Sarke that the company plans to start 2 projects in Ajara in summer. In particular, living complex is planned to be build in Gonio.

TURNING OF THE 14TH BERTH OF POTI PORT IN CONTAINER TERMINAL TO BE FINISHED BY SUMMER

Turning of the 14th berth of Poti port in the container terminal will be finished in June 2009, LLC Poti Sea Port told Sarke. Project cost makes up 11 million EUR.

GALT&TAGGART SECURITIES LEADS ON UKRAINIAN AND BELARUS STOCK MARKETS

Ukrainian representation of Georgian investment company Galt&Taggart Securities announced that in January the company was acknowledged the leader on the secondary stock market of Belarus. Volume of company’s transactions after getting the license in Belarus (August 2008) made up $2.79 million.

18 MINING LICENSES WERE SOLD

Georgian Economic Development Ministry reported that 18 mining licenses out of 31 were sold at today’s auction. Total sum gained from the auction made up 314,514 lari.

IBS:SUPERMARKET WAS INSTALLED IN SUPERMARKET CHAIN GEORGITA

Company IBS (Integrated Business Solutions) announced about installation of IBS:Supermarket software in supermarket chain Georgita. Cost of project is not named.

society

HUMAN RIGHTS CENTER SENT AN APPLICATION OF SUFFERED FROM THE RUSSIAN AGGRESSION TO THE STRASBOURG COURT

Non-governmental organization Human Rights Center announced that it has sent a group application to the European court of human rights in Strasbourg. An action against Russia unites the cases of 77 persons, suffered during the Russian aggression.

For further information:

Sarke