PREMIER: RESTRICTIONS ARE EXTENDED UNTIL FEBRUARY 1

Georgia’s Prime Minister Giorgi Gakharia confirmed today that restrictions, imposed in the end of November 2020 due to COVID-19 outbreak in the country, have been extended until February 1.

While speaking at the government meeting, the Premier pointed at the positive dynamics over the past 2 months, however noted that about 1,500 daily cases of infection is quite high rate for Georgia. More...

IN DECEMBER 2020, COST OF LIVING DECREASED BY 1.18% Y-O-Y

Sakstat reported that in December 2020, cost of living (for an able-bodied man) in Georgia made up 192.5 lari. If compared with the same period of 2019, the showing has decreased by 2.3 lari (by 1.18%). More...

IN 2020, NET FOREIGN ASSETS OF NBG INCREASED BY 24.6%

National Bank of Georgia (NBG) reported that as of December 31, 2020, balance of its net foreign assets amounted to 10.9 billion lari. The volume has increased by 0.3% quarter-on-quarter and by 24.6% year-on-year. More...

IN 2020, FOREIGN REMITTANCES TO GEORGIA INCREASED BY 6.3%

National Bank of Georgia (NBG) reported that foreign remittances to Georgia totaled in 2020 to $1.9 billion. If compared with 2019, the volume has increased by 6.3%. More...

IN 2020, REMITTANCES FROM GEORGIA ABROAD INCREASED BY 4%

National Bank of Georgia (NBG) reported that remittances from Georgia abroad totaled in 2020 to $246.9 million. If compared with 2019, the volume has increased by 4%. More...

IN 2020, IMPORT OF PETROL DECREASED IN NATURAL EXPRESSION BY 0.7%, DIESEL – INCREASED BY 2.5%

Georgian Oil-Products Importers Union reported Georgia’s import of petrol and diesel fuel totaled in 2020 to 1.1 million t. If compared with 2019, the volume has increased by 0.9%. More...

FROM FEBRUARY, FILLING OF EMPLOYEES’ REGISTER TO BECOME MANDATORY

Georgian Revenue Service declared that starting from February 1, filling of employees register becomes mandatory.

The Service specified that the employer is obliged to reflect until March 1 of this year information about employed persons (active and with suspended status) as of February 1. More...

IN DEVELOPMENT OF 5G NETWORKS, GEORGIA TO COOPERATE WITH THE US

Georgian Ministry of Economy and Sustainable Development reported that the country will cooperate with the US in development of wireless communication networks of the 5^th generation (5G). The parties signed (online) memorandum on security of 5G networks on January 14. More...

Forbes Georgia: “ON SYSTEM OF MANAGEMENT OF FIGHT AGAINST COVID-19 IN GEORGIA”

The magazine publishes opinion of Giorgi Shakarishvili, founder of Tbilisi Global Healthcare Institute, regarding management of COVID-19 pandemic in Georgia. The author indicates that publication aims to trigger technical discussion on systemic assessment of fight against COVID-19 in Georgia in order to improve the management system. More...

Tabula: “ON THE BACKGROUND OF PRICE HIKE OF WHEAT, GRAIN CONSUMERS DEMAND FROM THE GOVERNMENT TO INCREASE SUBSIDIES”

Georgian grain consumers state that during state subsidy program, 1 sack of flour cost 63 lari, while it costs now 67-68 lari. Therefore, they demand from the government to increase the subsidy from 10 lari (per sack) to 15 lari, Tabula reports. More...

Tabula: “ENTREPRENEURS UNION ACCUSES COMPETITION AGENCY’S HEAD OF NON-PAYMENT OF DEBT”

Goga Tsitskishvili, chairman of Georgian Entrepreneurs Union, accused Irakli Lekvinadze, head of Georgian Competition Agency, of non-payment of business debt.

The matter concerns the period, when Lekvinadze owned 50% in LLC Sales Management Company. More...

MONTHLY TOURISM UPDATE (NOVEMBER 2020)

- The number of international travelers declined by 93.1% in November compared to the same period of 2019, while the number of international visitors fell by 91.6% and the number of international tourists fell by 88.3%.

- The price changes in Adjara and Guria are the most representative of tourism’s decline. More...