Representatives of business circles at a meeting with Parliament speaker Nino Burjanadze commented on the draft Tax Code, which has been already published.

The speaker proposed that businessmen should put forward their remarks by approximately July 20. More...

Of $1 billion disbursed by donors, the Georgian energy sector will receive $200-300 million, while at first about $84 million was expected, Fuel and Energy Minister Nika Gilauri has told a news briefing today.

The decision on giving financial aid to Georgia was made at a conference held in Brussels on June 16-17, in which donor-countries and international financial institutions took part. More...

Fuel and Energy Minister Nika Gilauri has said the negotiations on selling 30% of JSC Tbilgaz shares (the state-owned gas distribution company) to the EBRD.

As the Minister says, it is not ruled out that the shares will be delivered within the framework of a credit to be issued by the EBRD to the energy sector. More...

Fuel and Energy Minister Nika Gilauri has said Georgia and Turkey are in intensive negotiations on the construction of a 500-kV electricity transmission line (ETL), which will connect two countries.

The construction will cost “at least $100 million”, says the Minister. More...

Fuel and Energy Minister Nika Gilauri has told a news briefing today about abolishment of the Energy Supervision Department, which has been functioning since 1998. He said the decision had been made due to the failure of its staff to perform duties and corrupt deals with industrialists. More...

From June 23 Israeli air company Arkia will have regular flights on the route Tel-Aviv and Tbilisi once a week on Wednesdays. The price of a two-way ticket is $250 (economy class). More...

British Mediterranean Airways is expected to apply for a flight permit for the winter period, a source at the civil aviation administration has told Sarke. The air companies receive permits two times – for winter (October-March) and summer (April-September) periods. More...

Finance Minister Zurab Nogaideli has singed an order on reforms in the Customs Department, reports the press service of the department, part of the body of the Finance Ministry.

As a result of the reorganization only four regional customs will be left – East, West, South and North. More...

Four and a half million shares of JSC Poti Shipbuilding Factory were sold at the Tbilisi Stock Exchange today. The package, which accounts for 37.5% of the total number of shares, was sold for 8.64 million lari (1.92 lari per share). More...

According to the Motor Ways Department, due to mud flows the traffic has been paralyzed on the Gudauri-Mleta portion of the Military Georgian Motorway, connecting Georgia with Russia. Reconstruction will take around 10 days, says the department.

It is known that power enterprises being natural monopolies are under constant rapt attention of the state that cares about its power security.

Georgian power system had not been fit to operate independently and for the past ten years of political independence the problem of natural gas and power supply has not been solved. More...

24 Saati equals the decision of the donors’ conference held in Brussels on June 16-17 on disbursing $1 billion to Georgia to “the Marshall Plan”. Certainly, in case of Georgia funding is much less, says the paper, but this “injection” is more valuable and efficient for the country than America’s assistance to Western Europe after the World War Two. More...