Daily News
October 11, 2018
IN THIS ISSUE:
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| 1. |
AS OF SEPTEMBER, NATIONAL CURRENCY SUPPLY INCREASED BY 9.7% Y-O-Y
Economics
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National Bank of Georgia reported that as of end of September, national currency supply amounted to 3.46 billion lari. If compared with the same period of 2017, the volume has increased by 9.7% (by 307.11 million lari).
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| 2. |
IN 9 MONTHS, THE BUDGET GAINED 109.8M LARI FROM SALE OF THE STATE PROPERTY
Economics
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In 9 months of the year, the budget received 109.8 million lari from sale of the state property, Georgian National Agency of State Property reported. The Agency specified that expected volume of investments to be made in the sold objects totals to 64 million lari.
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| 3. |
FINANCE MINISTER: THE GOVERNMENT PLANS GRADUAL GROWTH OF EXPENSES FOR EDUCATION
Economics
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Georgia’s Finance Minister Ivane Machavariani declared that aiming development of human capital, Georgian government plans gradual growth of expenses in the direction of education. The Minister voiced the hope that in course of implementation of reforms, planned in spheres of education and healthcare, Georgia will receive serious support from the World Bank (WB).
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| 4. |
AS OF SEPTEMBER, 406 PROJECTS WITH TOTAL EXPECTED INVESTMENTS OF 991M LARI ARE SUPPORTED WITHIN “PRODUCE IN GEORGIA” PROGRAM
Economics
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Since launch of “Produce in Georgia” (2014), 406 projects are supported as of September within this state program, Georgian Economy and Sustainable Development Ministry’s Agency Produce in Georgia reported. The Agency indicated that total expected investments in these projects exceed 991 million lari.
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| 5. |
THE IMF EXPERT ASSISTS “SAKSTAT” IN INTRODUCTION OF SNA-2008
Economics
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Sakstat reported that the IMF expert, former director of economic department of Statistics Denmark, assists Georgian statistics service in introduction of methodology of system of national accounts of 2008 (SNA 2008). For that end, the expert arrived to Georgia and within 2 weeks will work together with employees of National Accounts Department of Sakstat.
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| 6. |
“WIZZAIR” LAUNCHED KUTAISI-VIENNA FLIGHTS
Business
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Today, Hungarian low-coster WizzAir made the first regular flight from Kutaisi to Vienna. The flights will be made twice a week (on Thursdays and Sundays).
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| 7. |
MINORITY STAKE IN “CAUCASUS ENERGY&INFRASTRUCTURE” IS SUBJECT TO OBLIGATORY BUYOUT
Business
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Bidzina Bezhuashvili, owner of 99.04% of shares of JSC Caucasus Energy&Infrastructure, declared obligatory buyout of the remained stake of 0.96%. The price per share, offered by him, makes up 1.3 lari (nominal price – 0.25 lari).
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| 8. |
DURING JULY-SEPTEMBER, SHARES OF 32 JSCS WERE WITHDRAWN FROM STOCK EXCHANGE TRADE
Business
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According to data of Georgian Stock Exchange, shares of 32 joint-stock companies were withdrawn from stock exchange trade (delisted) during July-September. Among these companies are Amalthea, Tbilchimfarm, Tbilgvino, Vere Lagoon, Pirimze, Elektroizolit, Tbilisi Bakery No.4, etc.
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| 9. |
IN Q3, VOLUME OF STOCK EXCHANGE TRANSACTIONS IN LARI DROPPED 5.9 TIMES, IN DOLLARS – 7.3 TIMES
Business
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Georgian Stock Exchange reported that volume of stock exchange transactions, made in lari during the 3rd quarter, amounted to 19,794 lari. If compared with the same period of 2017, the volume decreased 5.9 times.
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| 10. |
IN Q3, VOLUMES OF OTC TRANSACTIONS BOTH IN LARI AND DOLLARS DROPPED 5.6 TIMES
Business
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Georgian Stock Exchange reported that volume of OTC (over-the-counter) transactions, made in lari during the 3rd quarter, amounted to 2.46 million lari. If compared with the same period of 2017, the volume has decreased 5.6 times.
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