PMCG established consortium with WYG International (UK)

Jul, 2008

In June 2008, The consortium of PMCG and WYG International are jointly participating in the WB funded project “Preparation of the functional and technical design of the Public Financial Management System (PFMS) for the structural units of the Ministry of Finance of Georgia”. Start Date: September 2008End Date: February 2009Country: GeorgiaClient: Ministry of Finance of GeorgiaFunder: The World Bank Description of the Project: The project will be conducted by PMCG and WYG International consortium. The latter is an international multi-disciplinary consultant with over 3000 staff located in more than 30 offices providing a comprehensive and co-ordinated range of high quality socio economic, planning, environmental, engineering, surveying and management services to a diverse range of clients in the public and private sectors. The project first arose in 2006 when the Ministry of Finance of Georgia endorsed the Strategic Vision for Public Financial Management Reform. This document presents a diagnosis of the challenges faced by the Georgian Government in public financial management and provides directions for implementation of this vital reform. Strengthening budgeting, accounting and reporting mechanisms and practice is one of the key elements of this Strategic Vision. In order to realize this Vision, that intends to develop, procure and implement an integrated Public Financial Management System (PFMS). To assist in the PFMS functional and technical design and preparation of technical requirements PMCG and WYG International consortium will provide advisory services covering all important aspects of the PFM cycle (i.e. budget preparation and execution, cash and debt management, loan management and restructuring, revenue planning model, treasury operations, public accounting, financial reporting, procurement, human resources management, payroll calculations, financial control and auditing) and related Information and Communication Technology (ICT) solutions.
PMCG founder mr. Aleksi Aleksishvili announces customs training program for businesses

Jul, 2008

    Mr. Aleksi Aleksishvili presented a new program to train businesses to navigate Georgia's customs regulations at a roundtable meeting for the International Chamber of Commerce-Georgia (ICC-Georgia) on June 19 at the Tbilisi Marriott. Former finance minister Aleksi Aleksishvili said the program and accompanying training center will facilitate international trade and business activities. The program will give instructions on Georgian financial legislation and procedures, including customs and tax rules. It will also study problems frequently encountered by Georgian businesses. Fady Asly, chairman of ICC-Georgia and an investor in this newspaper, said the program will help businessmen to remedy the headache of unnecessary papers by sharing the easiest ways to navigate tax and customs operations. Aleksishvili said the center’s instructors would be chosen for their rich practical and theoretical experience. The focus will be on an international software format which allows businesses to fulfill customs responsibilities from offices, he said, avoiding extra time and expenses on mediators. Aleksishvili said the course will be very flexible in timing and price; the project has USD 80 000 in funding for its first year, according to the ex-finance minister, with several other sources of funding interested in sponsoring the center. Aleksishvili of PMCG, one of the most recent business groups to join ICC-Georgia said that he did not want to enter ICC with nothing to propose, and made the training center his first project as an ICC-Georgia member. ICC-Georgia is the national committee of the International Chamber of Commerce, a worldwide business organization with its headquarters in Paris.
PMC- Group and BCNG implemented the Georgia's confectionery market research

Jun, 2008

Upon reaching a private agreement PMCG and partner consulting company “BCNG” undertook research into Georgia’s chocolate market. Start Date: May 2008End Date: June 2008Country: GeorgiaClient: Foreign Private Company Funder: Foreign Company Project Description: PMCG used official data as well as data obtained from the market survey whilelocal production foreign indexes have been studied and analyzed. The survey covered the period 2005-2007. For each year we described the market in details, based on production, variety,, and by foreseeing importer and exporter countries.
At the request of Eurotechnics Ltd, PMC- Group implemented the market research of electronics in

Jun, 2008

PMCG implemented market research into electronics in Georgia. Start Date: June 2008End Date: June 2008Country: GeorgiaClient: “Eurotechnics” Ltd Project Description: PMCG implemented the market research of electronics in Georgia based on foreign trade data studied and analyzed from 2006 to 2008 first quarter period. Monthly information was produced by the following breakdown: geographically, in types of electronics, in value and quantity. Common tendencies and future perspectives have been analyzed and submitted to the client.
At the request of TBC Bank, PMCGroup implemented research of commercial banks non interest expenditure

Apr, 2008

At the request of “TBC Bank”, PMCG implemented efficiency research of commercial banks’ non interest expenditure. Start Date: April 2008End Date: April 2008Country: GeorgiaClient: TBC BankFunder: TBC Bank Project Description: At the request of “TBC Bank”, PMCG implemented efficiency research of commercial banks’ non interest expenditure. The research was based on Georgia’s and Eastern European countries’ commercial banks’ 2005-2007 main financial parameters. In the research PMCG analyzed each commercial bank’s non-interest expenses, personnel and marketing expenses efficiency index. The efficiency of data about wages, staff size and branches has been examined while the acknowledged data was compared, and reflected in dynamics and analysis.
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