Georgian English Russian Main Register Company Partners Feedback
Sarke Information Agency
Georgian/English/Russian Menu

Daily News
Economic Press Monitor
Special Report
 
Georgian Business Ethics Web Conference


Daily News


October 10, 2018

IN THIS ISSUE:

1. AS OF SEPTEMBER 30, OFFICIAL RESERVE ASSETS OF NBG INCREASED BY 4.2% Y-O-Y
2. IN Q3, TREASURY SECURITIES OF 415M LARI WERE ISSUED
3. AS OF SEPTEMBER 30, VOLUME OF GOVERNMENTAL SECURITIES IN COMMERCIAL BANKS’ OWNERSHIP INCREASED BY 17.9% Y-O-Y
4. FINANCE MINISTRY: IFC PLANS TO INCREASE CREDITING IN LARI
5. IN 9 MONTHS, NATIONAL SUBSOIL AGENCY BROUGHT 50.7M LARI TO THE BUDGET
6. AT THE BEGINNING OF NEXT YEAR, GEORGIA TO HOST DELEGATION OF GERMAN BUSINESSMEN
7. CHINESE COMPANY APPEARED THE ONLY APPLICANT FOR THE SECOND STAGE OF INVESTOR SELECTION FOR LOGISTIC CENTERS IN TBILISI AND KUTAISI
8. CITRUSES HARVEST IN AJARA IS EXPECTED TO MAKE UP TO 55,000 T
9. “SILK ROAD BANK” PLANS TO PUT SUBORDINATED CREDIT IN CAPITAL

Full text is not available for the guests. Please, login, if you already have account, or register to get one.


1. AS OF SEPTEMBER 30, OFFICIAL RESERVE ASSETS OF NBG INCREASED BY 4.2% Y-O-Y
Economics

National Bank of Georgia (NBG) reported that its official reserve assets totaled as of September 30 to $3.15 billion. The volume has increased by 4.9% quarter-on-quarter and by 4.2% year-on-year.

Back to the Headlines


2. IN Q3, TREASURY SECURITIES OF 415M LARI WERE ISSUED
Economics

Georgian Finance Ministry reported that in the 3rd quarter, treasury bills and treasury bonds of 415 million lari were issued. The volume did not change quarter-on-quarter, while increased by 6.4% year-on-year.

Back to the Headlines


3. AS OF SEPTEMBER 30, VOLUME OF GOVERNMENTAL SECURITIES IN COMMERCIAL BANKS’ OWNERSHIP INCREASED BY 17.9% Y-O-Y
Economics

National Bank of Georgia (NBG) reported that as of September 30, commercial banks held governmental securities, emitted in national currency, totaling to 2.62 billion lari. The volume has increased by 8.6% quarter-on-quarter and by 17.9% year-on-year.

Back to the Headlines


4. FINANCE MINISTRY: IFC PLANS TO INCREASE CREDITING IN LARI
Economics

Georgian Finance Ministry declared that International Finance Corporation (IFC, the World Bank (WB) group member) “plans to strengthen crediting in lari” with aim to support of larization process.

As the Ministry noted, that became known at the meeting of the Minister Ivane Machavariani with IFC vice-president Georgina Baker.

Back to the Headlines


5. IN 9 MONTHS, NATIONAL SUBSOIL AGENCY BROUGHT 50.7M LARI TO THE BUDGET
Economics

Georgian National Subsoil Agency declared that from auctions on subsoil development, held in 9 months of this year, central and local budgets of the country have gained 50.7 million lari. In total, 759 electronic auctions were announced during the reporting period.

Back to the Headlines


6. AT THE BEGINNING OF NEXT YEAR, GEORGIA TO HOST DELEGATION OF GERMAN BUSINESSMEN
Economics

Delegation of German businessmen, led by representatives of Federal Ministry of Economics and Technology, will visit Georgia in the 1st quarter of 2019, Georgian Ministry of Economy and Sustainable Development declared.

The Ministry noted that the visit will be held within the decision, made during August visit to Georgia of German chancellor Angela Merkel.

Back to the Headlines


7. CHINESE COMPANY APPEARED THE ONLY APPLICANT FOR THE SECOND STAGE OF INVESTOR SELECTION FOR LOGISTIC CENTERS IN TBILISI AND KUTAISI
Business

Georgian Ministry of Economy and Sustainable Development reported that for the second stage of selection of investor for projects of construction of logistic centers in Tbilisi and Kutaisi, application was submitted by only one of the short-listed candidates. The matter concerns China Construction Seventh Engineering Division Corp.

Back to the Headlines


8. CITRUSES HARVEST IN AJARA IS EXPECTED TO MAKE UP TO 55,000 T
Business

Ajara Ministry of Agriculture reported that according to preliminary data, harvest of citruses in this year is expected to make up 50,000-55,000 t.

Tangerines, intended for export, are packed by 30 citruses sorting enterprises, which total capacity exceeds 30,000 t, the Ministry noted.

Back to the Headlines


9. “SILK ROAD BANK” PLANS TO PUT SUBORDINATED CREDIT IN CAPITAL
Business

Silk Road Bank declared about plan of putting subordinated credit in the capital. The subject will be considered at extraordinary general meeting of shareholders.

Back to the Headlines


Exchange Rates (NBG)
  12/11/18 + / -
  USD   2.6609   0.0061
  EUR   3.0286   0.0126
  RUR   4.0071   0.0072
Get News in Brief by e-mail
Get daily News in Brief on your e-mail for free!
Announcements
Dear subscriber,

We are leaving for summer vacations until September 3. During that period, the site will not be updated.

Wish you happy and joyful vacations!

Sincerely,

Sarke Information Agency

Fujitsu Computer Systems Corporation

© 2018 Sarke Information Agency