TBILISI, DFWatch — The president of the Georgian Bank Association says the interest rate on loans will go down.
Zurab Gvasalia said there is already a trend of falling interest rates on loans, but he thinks it is impossible to decrease the rates immediately.
In
TBILISI, DFWatch — The new government has still not decided whether to implement Saakashvili’s idea of building a completely new city Lazika in Georgia.
The new government have different ideas about the plan to build a city with half a million people on the Black
TBILISI, DFWatch — New nine month figures from 2012 show a 16 percent increase in foreign trade turnover compared to last year, equal to USD 7 595 million in total.
The numbers do not include informal trade.
According to Georgia’s National Statistics Department
TBILISI, DFWatch — The outgoing and new government disagree over the size of the state coffers.
Former government members claim that there is more than two billion lari, nearly USD 1.2 billion, in the state coffers.
But new Finance Minister Nodar Khaduri says there
TBILISI, DFWatch — Georgia’s state accounts by are by September 2012 at one of the highest levels during the past few years at more than two billion, nearly USD 1.22 billion.
The state budget for 2013 is 9 billion lari, USD 5.5 billion, which is more than half a billion
TBILISI, DFWatch — One of the largest petrol companies reduced the price of petrol by 8 tetris. A spokesman for the new government believes it is possible to decrease the price by 20 tetris, or about USD 0.13.
This comes soon after the leader of a coalition which won the
TBILISI, DFWatch – The energy sector receives the largest share of direct foreign investments this year.
Investments increased 7 percent in the second quarter of 2012 compared to same period in 2011, and totaled USD 219 million, according to preliminary figures
TBILISI, DFWatch – Georgia’s richest says he has sold his last assets in Russia. A US fund purchases Stolenskaya Niva for USD 180 million.
Russian media informs that Unikor Company, which manages Bidzina Ivanishvili’s assets, has finished the sale of Russian assets.
TBILISI, DFWatch – The Swiss company SGS will monitor the movement of goods on Russian-Georgian border from September 1, 2012.
November 9, 2011, the governments of Georgia and Russia signed a deal which paved the way for Russia’s WTO membership, with Switzerland as
TBILISI, DFWatch – A Georgian bank affiliated with the largest opposition bloc has been fined with USD 11 609 500 by the National Enforcement Bureau.
The reason Cartu Bank, which is facing a series of problems after businessman Bidzina Ivanishvili decided to enter