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Daily News


July 11, 2018

IN THIS ISSUE:

1. THE EU TO START IN GEORGIA SECURITY PROGRAMS
2. RENEWED COMPOSITION OF THE GOVERNMENT TO BE ANNOUNCED ON JULY 12
3. NBG BOUGHT DOLLARS AGAIN
4. IN Q1, PROFIT OF “LIBERTY BANK” INCREASED BY 54% Y-O-Y
5. IN Q4 OF 2017, PROFIT OF “VTB BANK GEORGIA” DECREASED BY 11.3% Y-O-Y
6. IN Q1, PROFIT OF “PROCREDIT BANK” INCREASED Y-O-Y 2.4 TIMES, BUT THE BANK CONTINUES TO SHRINK
7. “CARTU” BANK FINISHED Q1 WITH LOSS
8. GEORGIAN APPELLATIONS’ LIST IS ADDED BY “SAPERAVI KHASHMI”

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1. THE EU TO START IN GEORGIA SECURITY PROGRAMS
Politics

Referring to the EU ambassador in Georgia Janos Herman, administration of the Georgian government reported that the EU will start in Georgia security programs too. According to the administration, Herman declared the mentioned at the meeting with Georgia’s Prime Minister Mamuka Bakhtadze today.

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2. RENEWED COMPOSITION OF THE GOVERNMENT TO BE ANNOUNCED ON JULY 12
Politics

Georgia’s Premier Minister Mamuka Bakhtadze said that “final consultations” on the Cabinet will be held with the Parliament’s majority today. On July 12 (at 9:00), “I will present already renewed Cabinet” (10 ministers and 1 state minister), he declared.

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3. NBG BOUGHT DOLLARS AGAIN
Economics

National Bank of Georgia (NBG) declared about purchase of $10 million at the currency auction today. As NBG said, average weighted rate made up 2.4405 GEL/USD.

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4. IN Q1, PROFIT OF “LIBERTY BANK” INCREASED BY 54% Y-O-Y
Business

Liberty Bank reported net profit of 14.97 million lari for the 1st quarter. If compared with the same period of 2017, the volume has increased by 54%.

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5. IN Q4 OF 2017, PROFIT OF “VTB BANK GEORGIA” DECREASED BY 11.3% Y-O-Y
Business

VTB Bank Georgia reported net profit of 9.07 million lari for the 1st quarter. If compared with the same period of 2017, the volume has decreased by 11.3%.

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6. IN Q1, PROFIT OF “PROCREDIT BANK” INCREASED Y-O-Y 2.4 TIMES, BUT THE BANK CONTINUES TO SHRINK
Business

ProCredit Bank reported net profit of 8.14 million lari for the 1st quarter. If compared with the same period of 2017, the volume has increased 2.4 times.

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7. “CARTU” BANK FINISHED Q1 WITH LOSS
Business

Cartu bank reported loss of 1.02 million lari for the 1st quarter. In the same period of 2017, the bank had profit of 5.39 million lari.

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8. GEORGIAN APPELLATIONS’ LIST IS ADDED BY “SAPERAVI KHASHMI”
Economics

Georgian National Wine Agency reported about add of Saperavi Khashmi to list of Georgian appellations. This dry red wine is produced in Khashmi micro-zone, located in Sagarejo municipality of Kakheti region.

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Exchange Rates (NBG)
  01/22/19 + / -
  USD   2.6611   0.0002
  EUR   3.0233   0.0050
  RUR   3.9996   0.0078
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