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DAILY NEWS July 20, 2017

IN GEORGIA’S EXPORT FOR JANUARY-JUNE, COPPER AND FERROALLOYS ACCOUNTED FOR UP TO 30%

Sakstat released preliminary data for January-June, according to which copper ore and concentrates occupy the 1st position in Georgia’s export. For the reporting period, this article of export amounted to $216.12 million, increasing by 46.1% year-on-year and accounting for 17.5% of Georgia’s total export. More...


IN GEORGIA’S IMPORT FOR JANUARY-JUNE, OIL-PRODUCTS AND GAS ACCOUNTED FOR 13%

Sakstat released preliminary data for January-June, according to which oil and oil-products occupy the 1st position in Georgia’s import. For the reporting period, this article of import amounted to $285.18 million, increasing by 17% year-on-year and accounting for 7.9% of Georgia’s total import. More...


ECONOMY MINISTRY: BAKU-TBILISI-KARS RAILWAY WILL START OPERATION IN NEAR FUTURE

Georgian Ministry of Economy and Sustainable Development declared that most part of the project of Baku-Tbilisi-Kars railway is already finished and start of the railway’s operation is planned for near future. First test train on the Georgian section had run already on January 29, 2015. More...


AJARA AUTONOMY AND ODESSA DISTRICT DREW UP PLAN OF COOPERATION FOR 2017-2019

On July 19, Ajara autonomy of Georgia and Odessa district of Ukraine have signed plan of cooperation development for 2017-2019.

Signing of the document was held within Georgia-Ukraine business forum, which gathered 250 representatives of companies, engaged in logistics, tourism and agriculture, Ajara government reported. More...


CONSTRUCTION OF BATUMI BYPASS ROAD’S SECTION STARTS

Ministry of Regional Development and Infrastructure reported that its Roads Department starts construction of 14-km section of Batumi bypass road. The works should be completed in 2020. More...


COOPERATION WITH OPIC DISCUSSED IN PARTNERSHIP FUND

Partnership Fund reported about the meeting, which held with managing director of the US Overseas Private Investment Corporation (OPIC) Kenneth Angell. The parties discussed ongoing projects and plans of long-term cooperation, the Fund said. More...


ROADS DEPARTMENT TO CANCEL CONTRACT WITH “ALTCOM ROAD BUILDING”

The government authorized Roads Department to cancel the contract with Ukrainian Altcom Road Building.

According to the government’s respective regulation, the decision is made after preliminary estimation of actual and legal risks. More...


“KOREAN AIR” DISPLAYS INTEREST IN GEORGIAN MARKET

South Korean flagship air carrier Korean Air displays interest in Georgian market, reported TAV Georgia (operator of Tbilisi and Batumi airports).

TAV Georgia said that representatives of Korean airline held the first working meeting with management of TAV Georgia, which was held in Tbilisi International Airport.


LLC “PERI” TO GET LAND PLOTS IN AKHMETA MUNICIPALITY

According to the government’s regulation, state-owned property will be handed over to LLC Peri with right of development. The matter concerns land sites in Akhmeta municipality (Kakheti region) with total area of 400,000 ha. More...


BUSINESS ASSOCIATION AND COPYRIGHT ASSOCIATION AGREED ON COOPERATION

On July 19, Georgian Business Association and Georgian Copyright Association signed the memorandum on cooperation.

The memorandum aims raise of public awareness on copyright and allied rights, support of artists and inclusion of business sector in this process. More...


ECONOMIC PRESS MONITOR July 21, 2017

Rezonansi: “CONTENT OF NITRATES IN WATER-MELONS 3 TIMES EXCEEDS ADMISSIBLE NORM”

Amiran Shengelia, head of non-governmental organization Ethics, declares that “imported and local fruits and vegetables are oversaturated by nitrates, especially water-melons and nectarines”. “We have conducted research and determined level of nitrates in vegetables and fruits (3 times exceeding the norm)”, he points. More...


Forbes Georgia: “TASTY INVESTMENTS”

Exporting success of Georgian hazelnut takes a start from appearance of Italian Ferrero on Georgian market, the magazine points. Now, we can say with confidence that hazelnut is steadily in top three of exporting production, the article states. More...


Bankebi da Finansebi: “WHY IT WAS DECIDED TO SUPPLY GEORGIAN ARMY WITH IMPORTED MEAT INSTEAD OF LOCAL ONE?”

In this month, tender on supply of military units, located in Eastern Georgia, with beef was won by LLC Ukhvi, which plans delivery of meat from Ukraine, the newspaper reports. Cost of the tender amounted to 1.64 million lari. More...


SPECIAL REPORT July 9, 2017

CONSTRUCTION – I QUARTER, 2017

In the first quarter of 2017, compared to the corresponding period of 2016:

- Production value of the construction sector increased by 13%;

- Total turnover of the construction sector increased by 16%;

- Foreign direct investments in the construction sector increased by 188% (GEL 36.4 mln);

- The number of persons employed in the construction sector increased by 2.8% (1,600 persons).

In the first quarter of 2017, compared to the corresponding period of 2016, the production value of the construction sector increased by 13% (GEL 137 mln) and amounted to GEL 1.2 bln. More...


Exchange Rates (NBG)
  07/21/17 + / -
  USD   2.3983   0.0012
  EUR   2.7923   0.0302
  RUR   4.0713   0.0092
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