PARLIAMENT OF THE 8^TH CONVOCATION LAUNCHED WORK

The first plenary session of the Parliament of the 8^th convocation was held in Kutaisi yesterday, while the Parliament bureau held a meeting today.

As it is known, majority of the Parliament is represented by coalition Bidzina Ivanishvili – Georgian Dream. More...

NUMBER OF BUSINESS ENTITIES’ REGISTRATIONS REDUCED IN Q3

National Agency of Public Registry reported that 9,801 business entities were registered in the 3^rd quarter in the country. This figure is declined by 21.3% quarter-on-quarter. More...

DIRECTOR GENERAL OF “GEORGIAN RAILWAY” RESIGNED

As it has been disclosed today, Irakli Ezugbaia resigned from the post of director general of JSC Georgian Railway.

Georgian Railway reported that Ezugbaia applied to supervisory council with request of resignation, which was satisfied. More...

KAKHA KALADZE TO SELL HIS SHARE IN “SAKHYDROMSHENI”

Candidate for Energy Minister Kakha Kaladze spread the statement today, declaring that he will alienate his stake of 45% in JSC SakHydroMsheni (Georgian Hydro Builder).

“Within 10 days after my official appointment, Kala Capital (the company founded by Kaladze) will start process of the stake alienation in JSC SakHydroMsheni”, the statement said. More...

“CREDITINFO GEORGIA” INTRODUCED SERVICE ON CLIENT’S REVENUE CHECKING

Credit bureau CreditInfo Georgia announced that financial institutions may apply for checking of their clients’ salary/revenue. The company is going to launch this service in the next month. More...

LADO GURGENIDZE CONSIDERS GROUNDLESS CLAIMS OF “SAKHALKHO BANKI”’S FORMER SHAREHOLDERS

Director general of Liberty Bank Lado Gurgenidze declared that “there is no problem, which needs negotiations for solving”.

Declaration of Gurgenidze was response to claims, announced recently by Giorgi Goguadze, former director general of Sakhalkho Banki (People’s Bank, now Liberty Bank). More...

“REPUBLIC” STARTED AUTUMN ACTION ON CONSUMER LOANS

Bank Republic announced that consumer loans in lari will be issued with interest rate of 13.95% within the action, which will last until winter.

It should be noted, that this rate of interest is acting for loans with duration of up to 24 months, while in case of 25-36 months, the rate is 14.9%. More...

“REPUBLIC” OPENED ANOTHER BRANCH IN TBILISI

Bank Republic opened today new branch in Tbilisi (Agmashenebeli Ave. 83), which became its 22^nd outlet in Tbilisi, and 38^th one – countrywide.

As it was noted, cashier-operators of the branch will perform clients’ one-time transactions of up to 1,500 lari. More...

NEW MULTI-FUNCTIONAL COMPLEX TO BE BUILT ON KAKHETI HIGHWAY

Tbilisi City Hall reported that new multi-function complex East Gate is being built on 185,000 square m on Kakheti |Highway. Works should be brought to end in spring 2014. More...

“EPSI RESEARCH SERVICES”: SATISFACTION OF GEORGIAN CUSTOMERS WITH MOBILE OPERATORS’ SERVICE IS STILL QUITE HIGH

According to recent research of EPSI Research Services, index of customers’ satisfaction with mobile operators’ service is quite high in Georgia.

According to EPSI (Extended Performance Satisfaction Index), satisfaction index in Georgia stands at 87 points on average (out of 100) against of 88 in 2011, while loyality – 91 (did not change). More...

“MOBITEL” OFFERED “ALCATEL OT-358”

LLC Mobitel (Beeline trademark) offered another Alcatel-made mobile phone OT- 358, which costs 80 lari.

One SIM card of this dual-SIM phone is switched in Beeline network, while the second is available for any other operator. More...

“SILKNET” OFFERED UNLIMITED INTERNET PACK FOR “S1” SUBSCRIBERS

Operator SilkNet reported that private subscribers of S1 mobile service may enjoy unlimited Internet-access for 5 lari monthly.

S1 network coverage area is Tbilisi, Mtskheta-Mtianeti, Guria-Samegrelo, Imereti, Kakheti, Shida Kartli, Kvemo Kartli, Ajara, Samtskhe-Javakheti. More...

Kviris Palitra: “IN THE GRIP OF ECONOMIC”

Vakhtang Khmaladze, newly elected MP from Georgian Dream, says that “it is true that corruption is reduced in the lower echelons in Georgia, but the elite corruption is obvious in the upper level”. He explains this with existence of monopolies. More...

Kviris Palitra: “RATES’ “FIRE” IN THE BANKING SYSTEM”

Merab Kakulia, senior research fellow of Georgian Foundation for Strategic and International Studies and former vice-president of National Bank of Georgia, considers that no significant drop of credit cost on the corporate market is expected for near future.

The rates in this segment are already very low, while there is a political risk, connected to “political engagement of big part of large entrepreneurs”, the expert says. More...

Kviris Palitra: ““NATIONAL MOVEMENT” HAS RUINED THE GEORGIAN AVIATION”

The title of the article quotes Tamaz Gaiashvili’s, founder of Georgian Airways (AirZena), who asserts that there is a corruption in the civil aviation, while air navigation is staffed by the unprofessional employees.

Gaiashvili considers also that investments in Tbilisi and Batumi airports were unjustified. More...