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DAILY NEWS September 15, 2021

MONETARY POLICY RATE REMAINS 10%

National Bank of Georgia (NBG) declared that its Monetary Policy Committee decided today to keep the refinancing rate intact. Accordingly, the monetary policy rate makes up 10% as before. More...


IN Q2, GEORGIA’S ELECTRICITY GENERATION INCREASED BY 15% Y-O-Y, DOMESTIC SUPPLY – BY 16.8%

Sakstat reported that in the 2nd quarter, Georgia generated 3,369 GWh of electricity. If compared with the same period of 2020, the volume has increased by 15%. More...


IN Q2, GEORGIA’S COAL EXTRACTION INCREASED 2 TIMES Y-O-Y

Sakstat reported that in the 2nd quarter, Georgia extracted 38,800 t of coal. If compared with the same period of 2020, the volume has increased 2 times. More...


IN Q2, GEORGIA’S NATURAL GAS EXTRACTION INCREASED 2 TIMES Y-O-Y

Sakstat reported that in the 2nd quarter, Georgia extracted 4.3 million cubic m of natural gas. If compared with the same period of 2020, the volume has increased 2 times. More...


IN Q2, GEORGIA’S OIL EXTRACTION INCREASED 2 TIMES Y-O-Y

Sakstat reported that in the 2nd quarter, Georgia extracted 11,700 t of oil. If compared with the same period of 2020, the volume has increased 2 times. More...


REGULAR FLIGHTS BETWEEN KUTAISI AND KRAKOW RESUMED

From September 28, Hungarian low-coster Wizz Air will resume direct regular flights between Kutaisi airport and Krakow (Poland), reported Georgian Airports Association. Flights will be conducted 2 times a week. More...


TBILISI MAYOR: WE WILL BRING ADDITIONAL 380 NEW BUSES TO THE CITY

“We have actually completed the program of buses’ renewal-replacement, though areas still remain, where public transport does not move”, Tbilisi Mayor Kakha Kaladze declared.

“Therefore, we have decided to bring additional 380 new buses to the city”, the Mayor said at the city government meeting today. More...


TBILISI MAYOR: PROBLEM OF FAMILIES, WHO SUFFERED FROM “CENTERPOINT”, IS SOLVED

Tbilisi Mayor Kakha Kaladze declared problem of families, who suffered from construction company CenterPoint, has been solved.

“We have settled the problem, which had existed for 20 years”, the Mayor stressed at the city government meeting today (the matter concerns unfinished construction). More...


ECONOMIC PRESS MONITOR September 15, 2021

Bankebi da Finansebi: ““IF FLOUR SUBSIDIZING PROGRAM IS NOT IMPLEMENTED, BREAD PRICE MAY INCREASE IN OCTOBER BY 10 TETRI””

“If the state turns on the subsidy program, the bread price will not increase, but if it does not turned on, [price] may increase by 10 tetri”, declared Malkhaz Dolidze, chairman of Georgian Bread Producers Association. However, he noted, “prices less likely will change until October” (on October 2, elections in local self-governance bodies will be held in Georgia). More...


Tabula: “IN 2020, “PRODUCE IN GEORGIA” FINANCED 5 SPONSOR COMPANIES OF “GEORGIAN DREAM” WITH 775,000”

Waste Detector, media project of the non-governmental organization Governance Monitoring Center (GMC), reported that in 2020, the state program “Produce in Georgia” has financed 5 sponsor companies of the ruling Georgian Dream with 775,000 lari in total. Among these companies are Gza (Road), Construction Service, Chateau Kvirike and others. More...


Tabula: “TBILISI CITY HALL ANNOUNCES A 13.5M TENDER ON REHABILITATION OF VAKE PARK”

Tbilisi City Hall will allocate 13.5 million lari for rehabilitation of fountains and cascades in Vake Park, Tabula reports.

The article notes that according to terms of the tender, announced on September 13, works should be completed in about 2 years. More...


Forbes Georgia: ““TBC” AS EMPLOYER | INTERVIEW WITH VAKHTANG BUTSKHRIKIDZE”

After start of the pandemic “in 2020, we announced that we would not dismiss a single employee”, declares Vakhtang Butskhrikidze, director general of Georgia’s largest TBC Bank.

In an interview with the magazine, Butskhrikidze points: “In this spring, a growth trend began in entire Georgian banking sector, that is why it is expected that we will have not to reduce employees, but, on the contrary, to add them”. More...


SPECIAL REPORT September 1, 2021

GEORGIA’S EXTERNAL TRADE (JANUARY-JUNE, 2019-2021)

- In the first half of 2021, external trade turnover in Georgia amounted to 6.2 bln USD, which is 20.7% more than corresponding period of 2020 and 0.5% more than the prepandemic period of January-June 2019.

- Georgian exports amounted to 1.9 bln in January-June 2021, which is 25.2% more than in January-June of 2020 and 5.3% more than in January-June of 2019. More...


Exchange Rates (NBG)
  09/15/21 + / -
  USD   3.1129   0.0012
  EUR   3.6822   0.0063
  RUR   4.2846   0.0157
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