14 February, 2013
Preferential credits to be disbursed to farmers and agriculture-related processing enterprises through the co-financing scheme involving banks, micro-financial organizations and the state-initiated Village and Agriculture Development Fund, poses swindling risks practiced by the banks during Shevardnadze’s regime. To support the agricultural sector, pundits recommend the government to set up cooperative societies based on the state-based investments rather than disbursing preferential credits based on the said co-financing scheme.
14 February, 2013
The idea of creating four funds with the tentative volume of USD 5 billion, expected to handle both state and private assets and where Georgian Premier himself promises to put his money, diverges views in the public. Upholders of the idea view the Funds as the only way out at the given moment to attract investment against the backdrop of pestering global economic crisis. Skeptics discern a latent attempt to enhance the state interference in private business.
14 February, 2013
The first ever report of Georgian customs officers on revealing of approximately 199 tons of diseased potatoes detained at Georgian-Turkish border Sarpi on February 7, 2013, triggered fears that phyto-sanitary control on Georgian borders as well as throughout the entire country is far below the par and should be revised.
14 February, 2013
GEL 180 million will be spent on infrastructure development projects in regions this year. Top officials of the Ministry of Regional Development and Infrastructure of Georgia (MRDI) met with Georgian businessmen on February 11, 2013 to discuss the planned infrastructure activities in order to attract businessmen to participate in upcoming tenders.
11 February, 2013
"Federal Service on Customers' Rights Protection and Human Well-being Surveillance of Russia will get the list of Georgian companies that want to undergo Russian specialists’ inspection today", Levan Davitashvili, the head of the National Wine Agency, told InterpressNews yesterday.
07 February, 2013
Recent handover of control package of IDS Borjomi International, producing famous Georgian mineral water Borjomi to Russian-based Alfa-Group, sends an alert signal to Georgian companies, eyeing Russian market. They surmise that the guaranteed ticket to Russian market can be acquired only by selling shares to Russian investors. Georgian economic analysts fear that a latent share-handover process is going on between Georgian companies and Russian investors that will not lead Georgian economy to the safer side.
07 February, 2013
In the second half of the year, Georgia expects results of its attendance at the reputable World Economic Forum of Davos -2013. Skeptics doubt it.
07 February, 2013
Georgia and Romania think over setting a ferry line between Georgia and Romania. Giorgi Kvirikashvili, Minister of Economy and Sustainable Development of Georgia, discussed the issue during his meeting with Bogdan Lucian Aurescu, Romania’s Secretary of State for Strategic Affairs, on January 30, 2013 when the accent fell on transport and energy cooperation between these two countries. Considering the Geographical location of Georgia and Romania, it is important to implement joint projects that will support the strengthening of economic and regional collaboration, the sides pointed out.
07 February, 2013
Georgian communication regulatory body is accused of violating competition rules and protectionism. Non-governmental Association of Young Financiers and Businessmen has submitted to the General Prosecutors’ Office of Georgia the corresponding claim that demands to investigate the regulatory body’s activity. Meantime, the Head of the accused office is in a three-month vacation. Another non-governmental watchdog Transparency International Georgia finds such a long-term vacation suspicious and asks the Parliament to examine the issue.