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DAILY NEWS September 21, 2020

“TI GEORGIA”: AS OF JUNE 30, DEBT OF THE GOVERNMENT MADE UP ABOUT 49% OF GDP FOR THE LAST YEAR

TI Georgia, Georgian branch of Transparency International, prepared review of 6-month results of execution of Georgia’s state budget-2020, which indicates that debt of the government as of June 30 made up 24.1 billion lari, or 49% of GDP for the last year.

As of December 31, 2019, debt of the government made up 20.6 billion lari, or 41.3% of last year’s GDP. More...


“TI GEORGIA”: AS OF 6 MONTHS, FACTUAL DEFICIT OF GEORGIA’S STATE BUDGET MAKES UP 2.3B LARI

Deficit of Georgia’s state budget was planned for 6 months of 2020 at the level of 924 million lari, while revised because of COVID-19 plan envisages growth of the volume up to 2.06 billion lari (i.e. 2.2 times), specifies TI Georgia, Georgian branch of Transparency International.

At that, factual 6-month deficit of the budget amounted to 2.3 billion lari (by 12% more that the revised plan envisaged), the organization notes. More...


“TI GEORGIA”: SUM, ALLOCATED FOR UNIVERSAL HEALTHCARE PROGRAM, APPEARED INSUFFICIENT AGAIN

Sum, allocated for 6-month implementation of the country’s universal healthcare program, appeared insufficient again, the same way as in the previous year, notes TI Georgia, Georgian branch of Transparency International.

In particular, initial plan was increased by 89 million and made up 523 million lari (respectively, growth makes up 20.5%), the organization specifies. More...


“TI GEORGIA”: IN GEORGIA, DATABASE OF STATE PROCUREMENTS IS STILL INACCESSIBLE IN PROCESSABLE FORMAT

TI Georgia, Georgian branch of Transparency International, points that the country’s database of state procurements is still inaccessible in processable format.

Even after 10 years since public procurement system was digitized, interested parties have no simple and direct access to summarized data on purchases, the organization specifies. More...


HEAD OF AJARA GOVERNMENT: WE ARE GOING TO STRENGTHEN CLINICAL DIRECTION EVEN MORE

“We are going to strengthen clinical direction even more”, declared head of Ajara government Tornike Rizhvadze at the meeting in connection with COVID-19 today. Currently, 8 clinics are included in virus management in Ajara, he noted. More...


“COLLIERS INTERNATIONAL GEORGIA”: RATE OF VACANT COMMERCIAL REALTY INCREASED IN TBILISI

In the first half of the current year, rate of vacant commercial real estate in Tbilisi has increased, Colliers International Georgia declared.

Market review of the company touches upon situation on streets of the city, most loaded with commercial facilities, and indicates in particular that rate of vacant space on Rustaveli Avenue at the end of 2019 made up 4%, while in the first half of this year – 12%. More...


ISET: DESPITE LACK OF LEGISLATIVE BASE, SEVERAL AGRITOURIST OBJECTS ALREADY OPERATE IN GEORGIA

Article, published in the blog of Policy Institute of International School of Economics at Tbilisi State University (ISET-PI), says that despite absence of corresponding legislative base, several agritourist objects already operate in Georgia.

In particular, authors of the article report with reference to Georgian Ministry of Environmental Protection and Agriculture that 16 farms offer lodging for the night and tourists services to visitors. More...


TBILISI SUBWAY WORKS UNTIL 24:00 AGAIN

Since today, Tbilisi subway returns to standard operating mode, Tbilisi Transport Company reported. That means that subway transports passengers from 06:00 until 24:00. More...


ECONOMIC PRESS MONITOR September 21, 2020

Tabula: ““IPSOS”: IF ELECTIONS WERE NEXT WEEK – “DREAM” – 25%, “UNM” – 15.5%, “EUROPEANS” – 5%”

Survey, conducted by French research center Ipsos, show that if parliamentary elections in Georgia were held next week, 25% of respondents would vote for ruling Georgian Dream. Major oppositional party United National Movement (UNM) was named by 15.5%, while its former part, European Georgia – by 5%. More...


Tabula: ““IPSOS”: 64% OF RESPONDENTS SAY THAT THE MAIN ISSUE, WHICH AUTHORITY HAS TO SETTLE, IS EMPLOYMENT”

Survey, conducted by French research center Ipsos, show that 64% of Georgians consider the most important issue, which authority of the country has to settle, is employment. Besides, 50% named economy, while 47.5% – poverty. More...


Bankebi da Finansebi: “GAKHARIA – OUR SYSTEM INFRASTRUCTURE WILL NOT BE ABLE TO REACH THE EUROPEAN LEVEL EVEN IN 4 YEARS”

“In spite of investment of 20 billion lari in system infrastructure within the next 4 years, our system infrastructure will not be able to reach the European level even in 4 years”, Georgia’s Prime Minister Giorgi Gakharia declared.

The Premier said this in Tkibuli (Imereti region), while presenting Bezhan Tsakadze as ruling party candidate for MP from election district of Zestaponi, Baghdati, Terjola and Tkibuli, the newspaper reports. More...


Bankebi da Finansebi: ““TBC CAPITAL” – IN 8 MONTHS OF 2020, APARTMENTS WITH AREA OF HALF A MILLION SQUARE METERS WERE SOLD”

TBC Capital estimates that Georgian economy will return to indicator of pre-COVID-19 crisis in 2021.

Referring to research, TBC Capital points that “recovery of the sector of tourism in Georgia will begin in the second half of next year”. More...


SPECIAL REPORT August 21, 2020

MONTHLY TOURISM UPDATE (JULY 2020)

- The number of international travelers declined by 95.6% in July compared to the same period of 2019, while the number of international visitors fell by 94.8% and the number of international tourists fell by 93.5%.

- In July 2020, compared to July 2019, the average prices of 5-star hotels decreased by 23%, which is the highest decline among the categories of the hotels. More...


Exchange Rates (NBG)
  09/21/20 + / -
  USD   3.2295   0.0155
  EUR   3.8050   0.0007
  RUR   4.2349   0.0468
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