News in Brief - April 27, 2007 -


economics
TERMS DEFINED FOR BUDGET-2007 AMENDMENT CONSIDERATION
The Parliament has approved today terms for consideration of government-initiated amendments in budget-2007. Proper bill was passed to the Parliament yesterday.
EXTRA FUNDS TO BE ALLOCATED FOR COVERING LOSS, CAUSED BY CHIATURMARGANETS
As the Ministry of Finance informs, extra funds will be allocated for reparation of population’s damages, caused by JSC Chiaturmarganets activity.
$1.74 million and 965,412 lari will be allocated for Chiatura municipality from reserve fund of government.

business
EORGIAN OIL AND GAS CORPORATION ACQUIRES SWISS NPL ASSETS
Oil and Gas Corporation of Georgia have acquired assets of Swiss NPL for $4.7 million, Aleko Khetaguri, director general of Corporation, said. The contract envisages transference of rights and obligations of NPL, as well as 50% in LLC Ioris Veli, founded with Swiss participation.
GALT&TAGGART PLANS TO CHANGE LIST OF GEORGIAN BLUE CHIPS
Goga Melikidze, finance analyst of Galt&Taggart Securities, told to Sarke that changes are to be made in list of Galt&Taggart Blue Chip Index (GTBCI) defining companies.
As Melikidze said, less liquid companies will be replaced with more liquid ones.
TBILISI RAILWAY-CARRIAGE REPAIR WORKS PLANS TO ISSUE ELECTRIC TRAINS
Mirian Dekanoidze, director general of JSC Tbilisi Railway-Carriage Repair Works, said to Sarke that producing of modern electric trains will began this year. Works will be launched in June, while negotiations with potential partners are undergoing.

society
TERMS FOR TAX DECLARATIONS’ INTRODUCING EXTENDED FOR TOP OFFICIALS TO JULY 1 The Parliament has adopted in third hearing amendments in Tax Code, concerning terms of declaration filling. The matter concerns top officials, the number of which makes up 1,000.
STATE DUTY IN COURTS TO BE REDUCED
The Parliament approved in first hearing amendments, aiming reduction of the upper limit for state duty, being collected in courts. The amendments were initiated by oppositional fraction Industrialists.

LAST WEEK REVIEW
politics & society
ACTUAL WARMING OF RELATIONSHIPS NOT EXPECTED
Tensions between Russia and Georgia are still in the limelight. Georgian Foreign Minister Gela Bezhuashvili considered current tense atmosphere between the countries during his Moscow visit with his colleague

More: http://www.sarke.com/