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DAILY NEWS November 30, 2020

WITHIN PRAGUE FORMAT, GEORGIAN AND RUSSIAN SIDES DISCUSSED, ALONG WITH OTHER ISSUES, POSSIBILITY OF RENEWAL OF AIR COMMUNICATION

Within the Prague format (informal Russian-Georgian negotiations), online meeting between Georgian Prime Minister’s special envoy in relations with Russia Zurab Abashidze and member of Federation Council of Federal Assembly of Russian Federation Grigory Karasin was held on November 29.

While commenting on the meeting, Abashidze said that “Russian side mentioned subject of air communication’s renewal”. More...


ECONOMY MINISTER: ISSUE OF PROVISION WITH MEDICAL OXYGEN IS COMPLETELY RESOLVED IN THE COUNTRY

Georgia’s Minister of Economy and Sustainable Development Natia Turnava said that because of COVID-19 pandemic, consumption of medical oxygen in medical institutions of the country increased about 3 times, exceeding now 80 t a day. However, issue of provision with medical oxygen is completely resolved in the country, she assured. More...


IN TOTAL PREMIUM, ATTRACTED IN 9 MONTHS, 87.8% ACCOUNT FOR 5 TYPES OF INSURANCE

Georgian State Service for Insurance Supervision reported that in total premium, attracted by Georgian insurers in 9 months of this year (513.2 million lari), 5 types of insurance account for 87.8%, or 451 million lari.

Medical insurance is on the first position again – 41.2% of total premium (i.e. 211.3 million lari, year-on-year growth – 16.7%). More...


IN TOTAL REIMBURSEMENTS FOR 9 MONTHS, SHARE OF 5 COMPANIES MADE UP 41%

Georgian State Service for Insurance Supervision reported that in total reimbursements of Georgian insurers for 9 months of this year (433.2 million lari), 5 companies account for 41%, or 177.7 million lari.

Aldagi is on the first position, accounting for 10.9% of total volume (i.e. for 47.3 million lari, year-on-year growth – 2.3 times). More...


“WISSOL PETROLEUM GEORGIA” FINISHED 2019 WITH PROFIT

LLC Wissol Petroleum Georgia reported profit of 30.3 million lari for 2019. According to audited report of this Georgian oil-products retailer, it had loss of 39.9 million lari in 2018. More...


IN 2019, LOSS OF “GALLERIA TBILISI” INCREASED 6.4 TIMES

LLC Galleria Tbilisi reported loss of 5.08 million lari for 2019. According to audited report of this shopping center on Rustaveli Avenue in Georgian capital, the volume has increased 6.4 times year-on-year. More...


IN 2019, LOSS OF “EAST POINT” INCREASED BY 88.9%

LLC CBD Development (Tbilisi shopping center East Point) reported loss of 34.6 million lari for 2019. According to report of the company, the volume has increased by 88.9% year-on-year. More...


IN 2019, PROFIT OF “TBILISI CENTRAL” REDUCED 3 TIMES

JSC Tbilisi Central reported net profit of 2.08 million lari for 2019. According to audited report of this shopping center on territory of Tbilisi railway station, the volume has decreased 3 times year-on-year. More...


ECONOMIC PRESS MONITOR November 30, 2020

Kviris Palitra: “HOW ECONOMY HAS TO AVOID TOTAL “KNOCK-DOWN”?”

In a year, Georgia has to live already for the second time with strict regulations, so financial losses can reach tens and hundreds of millions, the newspaper points. The article brings comments of several experts in connection with new restrictions because of COVID-19. More...


Forbes Georgia: “WHAT IS FREIGHT TURNOVER OF BATUMI PORT IN THE CONDITIONS OF PANDEMIC?”

Meiramkhan Adylkhanov, director general of Batumi port, says that the port operates without interruptions even in the period of global pandemic of COVID-19. In 6 months of this year, freight turnover of the port exceeded indicator of the same period of 2019 by 37%, he reports. More...


Bankebi da Finansebi: ““ENKA RENEWABLES” COMPANY RELEASES SPECIAL STATEMENT”

ENKA Renewables, which implements in Georgia project of Namakhvani series of hydroelectric stations, assures that lower dam of the series will be the safest one in Georgia.

“Speculations in connection with safety of the dam, possibility of flooding, climate change, geological and other issues are based neither on scientific studying, nor on other researches”, statement of the company reads (which the newspaper publishes in its entirety). More...


Bankebi da Finansebi: “IN POTI FIZ, PRODUCTION OF HELMETS AND ALPINE SKIING MASKS WILL START”

Fargini company will launch in Poti free industrial zone (FIZ) production of helmets and masks for alpine skiing and other purpose, the newspaper reports. Investments in the project amount to about 1.5 million lari. More...


SPECIAL REPORT November 18, 2020

GEORGIAN ECONOMIC CLIMATE (Q4, 2020)

In the fourth quarter of 2020, Georgian economic climate did not change significantly, compared to the previous quarter.

In this period, Georgian economists assessed Georgia’s present economic situation negatively. More...


Exchange Rates (NBG)
  11/30/20 + / -
  USD   3.3253   0.0089
  EUR   3.9840   0.0295
  RUR   4.3704   0.0012
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