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Daily Archives: July 3, 2014

Gigi Ugulava Facing 9-12 Years of Imprisonment

The former Mayor of Tbilisi Gigi Ugulava is accused of bringing so-called “black money’’ into the country with “other members of a criminal group’’ in order to sponsor National Movement. Interpressnews is offering the statement released by the Investigative Department of the Finance Ministry: “The Investigative Service of the Finance …

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Electricity Price can Rise in Georgia in the Autumn

In the autumn, electricity price may change in Georgia – “Business Rezonansi” newspaper writes. The grounds for such assumptions gives the fact that the company “Energo Pro – Georgia”, which provides electricity generation and distribution to regions of the country, has made a request to change the tariff to the Energy …

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Grain Growers Waiting for Incentives from Gov’t

After the abolition of privileges for importers, grain growers  have already carried out first purchases. However, purchases are not finished yet and it’s unclear how the abolition of privileges will affect the final outcome. Companies  with annual turnover of more than GEL 200 thousand were able to postpone the VAT payment. However, …

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Economy Ministry Suspended the Renewed Privatization of Farmland

Georgian Economy Minister Giorgi Kvirikashvili suspendedthe privatization of agricultural land, which was renewed after theConstitutional Court invalidated the Moratorium on the sale of farmland to foreign nationals. According to the Minister, at this stage privatizationwill not be carried out. “My decree suspended the sale of land, as the government is currently working on establishing a mechanism of privatization, and taking into accountinternational practice it will be necessarily to adopt a law that will …

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Tbilisi’s Ex-mayor Detained

Today, at dawn, at Tbilisi’s international airport, Ex-mayor Gigi Ugulava – who was about to fly to Kiev along with one of the members of the National Movement, Gigi Bokeria – was detained. Interpressnews reports that the representatives of the investigation service imprisoned Mr. Ugulava when he was crossing a …

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