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Tuesday, March 09, 2010

  

 

 

 

 

TOP STORY : Business & Economics
Kala Capital Considers Pololikashvili’s Optimism Untimely
Tuesday, March 09, 2010 - 01:40

The Government has Set to Revising Failed Investment Projects
The Economic Development Ministry of Georgia is trying to help investors draw additional investments, even those that have failed to fulfill their liabilities in the past.
The Economic Development Ministry introduced a special commission for exploration of failed investment agreements in February 2009. The department is to carry out monitoring of overdue liabilities and offer new terms to investors. But despite a week-long attempt by Georgian Business Week to get information, the Economic Development Ministry would not comment on its progress. Levan Jachvliani, the department head, refused to make comments on the issue and name the companies, privatization agreements of which were subject to revision.

 

Business & Economics
An Investment of 25,000 to 50,000 USD is Required to Create One Job Place in Georgia
Tuesday, March 09, 2010 - 01:36

There were 212 million people thrown out of work in 2009. The International Labor Organization (ILO) referring to the International Monetary Fund (IMF) data says the number of unemployed workers will increase by at least 5 million individuals in only developed countries and the European Union (EU) member states in 2010. The last year marked the rise in quantity of unemployed young people too.

 

Business & Economics
“The Economic Recession is Over” – Reality or a PM's Wishful Thinking?
Tuesday, March 09, 2010 - 01:32

“Georgia has defeated the economic recession!” – that statement by Georgian Prime Minister Nikoloz Gilauri was to become a topical economic event last week, but the current public pessimism almost ignored such considerable phrases. Prime Minister Gilauri substantiated his assertion by indicators and referred to the January-February statistics to prove the economic recovery in the country. He said January 2010 had recorded a 72 percent rise in exports as opposed to January 2009.

 

Business & Economics
Major Part of the Claims to Mediation Service Was Filed in Against IC Group and GPI Holding
Tuesday, March 09, 2010 - 01:28

The Georgian Government reportedly plans to introduce a new mediator-conciliator body for discussion and resolution of disputes between insurance companies and clinics. President Mikheil Saakashvili proposed the initiative when making his annual report to the Parliament of Georgia on February 26. Some experts dismiss the initiative as PR by state authorities, while others say the  President’s initiative should be taken seriously as a reaction to the increased number of disputes between insurance companies and clinics.
 

 

Weekly Review
Government’s Optimism, Georgian Business Black Bar and the Bank without Ranking
Tuesday, March 09, 2010 - 01:23

Official statistics applaud with joyful shouting: Georgia’s exports have recorded considerable growth. Namely, January 2010 marked a 72 percent rise in exports compared to January 2009, the highest figure for the last four years. The same period showed a 9 percent decline in imports, the lowest index for the last years. The country exported products worth 107 million USD and imported products worth 278 million USD in January 2010.

 

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News Headlines

09-03-2010 01.06
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Wissol Builds Euro Standard Cycle track in Tbilisi
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Union of Oilproducts Importers awarded oil companies with the best indicators in 2009
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IFC Identifies Areas for Improvement to Advance Food Safety in Georgia
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Euro Comes off Lows - all eyes on U.S. GDP
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Investors Cut Back on Equities
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Nokia’s Free Satelite Navigation
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IMF Executive Board Completes Fourth Review Under the Stand-by Arrangement for Georgia and Modifies Performance Criterion
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EU Urges IMF to Consider Global Financial Tax-Draft
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Dubai’s Move on Debt Rattles Markets Worldwide
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Former Football Federation Chief Accused of Hawking Stadium Shares
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Israeli-based Georgian Plans to Open PR Agency in Georgia, says MTL Publisher
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Questions over Georgia's preparations for swine flu
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FBC Georgia hosts traditional dinner
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Statement of the Embassy of the Republic of Poland
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FBC Georgia’s traditional dinner marks half year’s summery and holiday season
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