A draft law on agricultural cooperatives, initiated by the Agriculture Committee of Georgian Parliament, reminds more a charter than a law because it falls out of the best world practice.

Economic slow-down in the first quarter of 2013 bespeaks that deflation process is aggravated and the Central Bank as well as Georgian administration are responsible for that.

In quest of diversified gas supply, Georgian government discusses Russian gas as an alternative if it is reasonably priced. Sector pundits consider this option rather a theoretical one for it can scarcely compete with the double cheaper Azeri gas.

The bill prohibiting commercials advertizing gambling business failed during the second parliamentary hearing. Parliament is supposed to work on the regulation of gambling business instead.

Celebrating 25 years of working closely together on their economies, Germany and France’s Economic and Financial Council met on Tuesday at a moment when many have been saying the relationship was breaking down.

TV commercials of Georgian commercial banks must include thorough information about the advertised product not to mislead consumers. Georgian Central Bank gave a fortnight to commercial banks to streamline their advertising clips, specifically the TV commercials to make them complete.

Trade of population in Georgian conflicting region of South Ossetia is expected to be restored in Ergneti for new Georgian authority considers Ergneti market to be an important peace tool.
“We believe a rigid and inflexible approach toward the conflict regulation is not correct, we must be creative,” Ketevan Tsikhelashvili, Deputy State Minister for Re-Integration Issues, said during the Rose Ross 83rd seminar organized by the NATO Parliamentary Assembly in Tbilisi by end-April of 2013. This statement was a response to Davit Darchiashvili, a minority MP, who questioned how Georgian authority can control borders if Ergneti market is restored. Tsikhelashvili believes the border control is quite possible in case of existence a good will. So does Demur Giorkhelidze, an economic analyst, who upholds the Ergneti restoration idea.

Express-pay terminals claim the damping policy practiced by Bank of Georgia (BOG), one of the leading Georgian banks, led the express-pay business to the brim of bankruptcy and ask Georgian Central Bank for help. Economic analysts believe not a bank but cartel agreement concluded by Georgian cell operators led fast-pay machines to bankruptcy.

The scandalous money embezzlement worth of GEL 2.5 million in frames of the agriculture development project initiated by the state a couple of months ago, puts the entire project under a shadow.