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DAILY NEWS December 2, 2022

IN NOVEMBER, GEORGIA’S ANNUAL INFLATION MADE UP 10.4%

Sakstat reported that in November, annual inflation in Georgia made up 10.4% (against of 3% target). Monthly inflation (i.e. compared with the previous month, October) made up 0.5%. More...


GEORGIAN REVENUE SERVICE: BIG PART OF IMPORT FROM CZECH REPUBLIC WAS INTENDED FOR BAKU-TBILISI-CEYHAN PIPELINE AND COMPANIES “ENERGOPRO GEORGIA” AND “EP GEORGIA GENERATION”

In a statement, released today, Georgian Revenue Service indicated that big part of increased showings of Georgia’s commodity import from the Czech Republic is composed of equipment, brought to the country by companies servicing the Baku-Tbilisi-Ceyhan oil pipeline, as well as goods, intended for EnergoPro Georgia and EP Georgia Generation (both companies are established with Czech participation).

The Service said that import includes also “mobile phones, computers and other items of primary use, imported by other companies and intended for domestic consumption, rather than for re-export to other countries”. More...


“SKYTRAX” PRESIDENT GOT ACQUAINTED WITH WORK OF TBILISI AIRPORT

Edward Plaisted, president of the British aviation consulting company Skytrax, has visited Tbilisi airport, reported TAV Georgia (operator of Tbilisi and Batumi airports). Purpose of the visit is an annual assessment of services and quality. More...


IN 2021, PROFIT OF “TAV URBAN GEORGIA” INCREASED 4.4 TIMES, OF “BATUMI AIRPORT” – 610 TIMES

In 2021, LLC TAV Urban Georgia (operator of Tbilisi airport) had profit of 75.49 million lari. If compared with 2020, the volume has increased 4.4 times. More...


GEORGIAN SIDE DISCUSSED COOPERATION WITH TURKISH “SANKO HOLDING”

On December 1, Georgia’s Prime Minister Irakli Garibashvili met in Tbilisi with Zeki Konukoglu, honorary president of the Turkish Sanko Holding.

As administration of the Georgian government reported, the parties discussed investment potential of Georgia and prospects of future cooperation. More...


USAID ENERGY FUTURE PROGRAM WILL PROVIDE TECHNICAL ASSISTANCE TO “GRPC”

A cooperation agreement was signed in Tbilisi today between the USAID Securing Georgia’s Energy Future Program and Georgian Renewable Energy Company (GRPC).

Under the agreement, the USAID program will provide GRPC with technical and advisory assistance for implementation of the pilot project. More...


NBG CANCELLED REGISTRATION OF 2 PAYMENT SERVICE PROVIDERS

National Bank of Georgia (NBG) reported about cancelation of registration of payment service providers LLC GeoMoney and LLC Smart Payment Systems. Process of liquidation was launched in both companies. More...


GEORGIAN PROSECUTOR’S OFFICE REVEALED ANOTHER FACT OF A TRANSNATIONAL CRIME

Georgian Prosecutor’s Office declared today about reveal of another fact of a transnational crime and absentia launch of criminal prosecution against a foreign citizen, who is charged of money laundering. The penalty envisages imprisonment for a period of 9 to 12 years. More...


ECONOMIC PRESS MONITOR December 2, 2022

Bankebi da Finansebi: “THE PARLIAMENT SUPPORTED AMENDMENTS TO THE LAW ON ACCOUNTING, REPORTING AND AUDIT”

The Georgian Parliament adopted in third (final) hearing amendments to the law “On Accounting, Reporting and Audit” (by 75 votes “pro”). The draft was considered in accelerated mode. More...


Bankebi da Finansebi: “WITH INVESTMENT OF “BASISBANK”, A MALL AND A RESIDENTIAL COMPLEX ARE BEING BUILT IN RUSTAVI”

The Georgian development company New Mall is building a new shopping center in Rustavi and a residential apartment building located near it.

Basisbank has allocated 16 million lari for the project, which will be fully spent on construction of a complex. More...


Forbes Georgia: “WITH SUPPORT OF “SAKARTVELOS BANKI”, A 5-STAR “GORI INN” HOTEL WAS OPENED IN GORI”

Within the framework of the joint project of Sakartvelos Banki (Bank of Georgia) and Vaka Estate, the Gori Inn hotel has been opened in Gori, the magazine reports.

The 5-star hotel has 119 rooms. More...


Forbes Georgia: “POST-PANDEMIC DAYS OF ARBITRATION”

The Arbitration Institute of the Stockholm Chamber of Commerce and Georgian International Arbitration Center (GIAC) have agreed on cooperation.

Within the framework of cooperation, the parties plan to promote development of arbitration, hold joint events and secure access to the platform of the Arbitration Institute. More...


SPECIAL REPORT November 23, 2022

MONTHLY TOURISM UPDATE (OCTOBER 2022)

- Adventure tourism, which includes visits to natural attractions and Protected Areas, is among the value chains of the Georgian tourism sector. Generally, the number of international visits over the covered period that included visits to natural attractions was considerably higher than among domestic visits. More...


Exchange Rates (NBG)
  12/02/22 + / -
  USD   2.7056   0.0056
  EUR   2.8466   0.0188
  RUR   4.3642   0.0616
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