Sarke: newsletter of 18 March 2009

TODAY:

economics

GUARANTEE, WHICH SHOULD BE PRESENTED FOR CREATION OF FREE INDUSTRIAL ZONE IN POTI, IS CHANGED

Georgian Finance Minister Kakha Baindurashvili announced that size of guarantee, which should be presented for creation of the free industrial zone in Poti, is changed. Namely, maximal sum, which had made up 20 million EUR, is reduced to 10 million EUR.

REGIONAL DEVELOPMENT FUND TO FINANCE PROJECTS OF $5-6M IN 2009

Regional Development Fund of Georgia will finance projects of $5-6 million during the year 2009, told Sarke executive director of the Fund Nika Kavelashvili. At least 3 projects will be financed this year, he noted.

55 BUSES TO BE PURCHASED FOR BATUMI INSTEAD OF 100 ONES

Jemal Ananidze, head of financial service of Batumi City Hall, told Sarke that 55 buses will be purchased for municipal transport of Batumi instead of 100 ones, envisaged initially. This number is enough at this stage, he noted.

NATIONAL AGENCY OF PUBLIC REGISTER OFFERS INFORMATION SERVICE

National Agency of Public Register of the Justice Ministry offers information service Info Product, dedicated to realty. As the Agency announced, cost of the pack depends on the volume of information.

business

JSC ENERGOPRO GEORGIA TO START CONSTRUCTION OF BATUMI-KHOPA ELECTRIC TRANSMISSION LINE

JSC EnergoPro Georgia announced that it will start construction of Batumi-Khopa high-voltage transmission line on April 2. As the company informs, construction of 220 KV line, which will link Georgia with Turkey, should be completed in 10 months.

CONTRACTORS OF JSC CAUCASUS ENERGY&INFRASTRUCTURE HOLD RESEARCH WORKS IN TERMS OF MTKVARIHES PROJECT

Archil Mamatelashvili, executive director of JSC Caucasus Energy&Infrastructure, told Sarke that research works are underway in terms of MtkvariHES (Mtkvari hydroelectric station) construction project. Namely, Icelandic company Verkis holds feasibility study.

BTA BANK TO OPERATE 9 BRANCHES COUNTRYWIDE SOON

BTA Bank announced that it will open its 8th branch tomorrow in Tbilisi (Nadzaladevi district), while one more branch should be opened in Kobuleti (Ajara) in the nearest future. As a result, the bank will be presented by 9 branches countrywide.

JSC UNITED TELECOM TO LAUNCH INTERNET SERVICE IN SIGNAGI AND TSNORI BY THE END OF MARCH

As JSC United Telecom reported, installation of digital equipment on stations in Signagi and Tsnori (Kakheti region) is underway, which will result in possibility to launch internet service offering. The company mentions that regarding Signagi it counts mainly on companies, banks and hotels, operating in this city.

LLC CAUCASIAN DIGITAL NETWORK IS NOT GOING TO COVER 114,142 LARI ARREARS TO JSC UNITED TELECOM SO FAR

LLC Caucasian Digital Network announces that the company does not plan to cover 114,142 lari arrears to JSC United Telecom at this stage. Tbilisi City Court considers now a compliant of LLC against United Telecom on damage repair.

HYPERMARKET GOODWILL APPLIED HACCP STANDARD

Hypermarket Goodwill announced about passing to HACCP (Hazard Analysis and Critical Control Points) system. Preparation works lasted for nearly 3 months, the company noted.

JSC PROGRESS XXI IS AUCTIONED AFRESH

Georgian Economic Development Ministry brought to auction 100% of state owned shares of JSC Progress XXI. Starting price of the pack (851,100 shares with nominal value of 1 lari) is $600,000.

AUCTION ON JSC KOLKHURI ABRESHUMI FAILED AGAIN

Bankruptcy manager of JSC Kolkhuri Abreshumi (Kolkhida Silk) reported that yesterday’s auction on JSC’s property failed again because of applications absence. Starting price made up 1.5 million lari.

10 COMPANIES ARE INTERESTED WITH ROADS REHABILITATION IN GARDABANI

Gamgeoba (local administration) of Gardabani told Sarke that 10 companies expressed interest to roads rehabilitation. Tender applications were opened yesterday.

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