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DAILY NEWS October 23, 2020

AUTHORITIES URGE RESIDENTS OF LARGE CITIES TO WEAR MASKS IN OPEN SPACE TOO

Interdepartmental coordination council, created by Georgian government for fight against COVID-19, addressed today population with strong recommendation to wear masks in the largest cities of the country, Tbilisi, Kutaisi and Batumi, even in open space, administration of the government reported.

In the last 24 hours, 1,759 new COVID-19 cases were detected in Georgia, of which 686 were recorded in Tbilisi, 487 – in Ajara, 356 – in Imereti region. More...


IN 9 MONTHS, GEORGIA’S TRADE WITH TURKEY REDUCED BY 13.1% Y-O-Y

Sakstat released estimation, according to which Georgia’s trade with Turkey in January-September amounted to $1.1 billion, reducing by 13.1% year-on-year. That volume makes up 13.8% of Georgia’s total foreign trade turnover for the period, placing Tukey on the top among Georgia’s largest trade partners. More...


IN 9 MONTHS, GEORGIA’S TRADE WITH RUSSIA REDUCED BY 9.5% Y-O-Y

Sakstat released estimation, according to which Georgia’s trade with Russia in January-September amounted to $934.6 million, reducing by 9.5% year-on-year. That volume makes up 11.5% of Georgia’s total foreign trade turnover for the period, placing Russia the second among Georgia’s largest trade partners. More...


IN 9 MONTHS, GEORGIA’S TRADE WITH CHINA INCREASED BY 12% Y-O-Y

Sakstat released estimation, according to which Georgia’s trade with China in January-September amounted to $864.9 million, increasing by 12% year-on-year. That volume makes up 10.7% of Georgia’s total foreign trade turnover for the period, placing China the third among Georgia’s largest trade partners. More...


9-MONTH PLAN OF PRIVATIZATION INCOME FULFILLED BY 109.3%

Georgian State Treasury reported that revenues of the state budget, received in January-September of this year under the article “reduction of non-financial assets” (privatization), amounted to 79.72 million lari. That volume makes up 109.3% of the plan for the period, Treasury noted. More...


IN 9 MONTHS, RESERVE FUND OF THE GOVERNMENT ALLOCATED 15.93M LARI

Georgian State Treasury reported that reserve fund of Georgian government allocated in January-September of this year 15.93 million lari in 8 cases in total. However, Treasury noted that factual spending made up 11.49 million lari (or 72.1% of allocated sum). More...


IN 9 MONTHS, ACCOUNT BALANCE OF THE STATE BUDGET INCREASED 4.6 TIMES

Georgian State Treasury reported that account balance of the country’s state budget as of January 1 made up 443.71 million lari. As of October 1, the volume made up already 2.03 billion lari, increasing, respectively, 4.6 times. More...


CONSTRUCTION OF TBILISI-SAGAREJO ROAD SECTION BEGINS

Georgian Roads Department declared that within construction of highway to Kakheti region, construction of Tbilisi-Sagarejo road section begins. The matter concerns 4-lane asphalt concrete road on the section, having length of 35.2 km. More...


WITH ASSISTANCE OF EBRD, “TBILISI TRANSPORT COMPANY” PROCURED 226 BUSES

Tbilisi City Hall reported that municipal Tbilisi Transport Company, with assistance of EBRD, procured 226 buses, having length of 12 m, which comply with Euro-6 standard. As the City Hall noted, part of buses already arrived to the city, while others will be brought in step by step until March 2021. More...


ECONOMIC PRESS MONITOR October 26, 2020

Rezonansi: “SITUATION IS GRAVEST: BUSINESS COULD HAVE TO ANNOUNCE INTERNAL LOCKDOWN”

The article states that if scales of COVID-19 spread increase, it is expected that relatively competitive companies will survive, but will be forced to cut staff.

Some time ago, representatives of Georgian Business Association requested delay for 6 months of credits’ payments and prolongation of tax benefits, the newspaper reports. More...


Kviris Palitra: “WHO WILL CLOSE SEASON OF BANK-HUNT”

The newspaper recalls robbery of Georgian banks’ branches in 2015-2019. The article notes that there is no official statistics, showing how many times robbers attacked banks’ branches during any specific period, as these data are collected in general crime statistics. More...


Bankebi da Finansebi: “TOP-3 OF PRODUCTS, WHICH WE BUY AND SELL IN THE US”

In January-August, Georgia’s export to the US made up $40.16 million, while import from this country – $345.46 million, the newspaper reports.

Referring to Sakstat, the article specifies that largest article of Georgia’s import from the US for this period were poultry meat and by-products – $4.11 million. More...


SPECIAL REPORT October 7, 2020

EMPLOYMENT AND INCOME DYNAMICS IN GEORGIA

- In August 2020, the number of employees receiving salaries recovered almost fully and stood at only 1% less than the corresponding month of last year.

- During the period of January-August 2020, the month of May saw the largest drop in the number of employees receiving salaries (a dip of 9% or 74,951), compared to the corresponding period of 2019. More...


Exchange Rates (NBG)
  10/26/20 + / -
  USD   3.2285   0.0083
  EUR   3.8158   0.0021
  RUR   4.2209   0.0035
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