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Daily News


September 14, 2021

IN THIS ISSUE:

1. IN ECONOMIC FREEDOM RANKING, GEORGIA IS THE 5TH AMONG 165 COUNTRIES
2. 6-MONTH ALLOCATIONS OF REGIONAL PROJECTS FUND WERE USED BY 97.4%, OF MOUNTAIN SETTLEMENTS DEVELOPMENT FUND – BY 61.6%
3. 6-MONTH ALLOCATIONS OF THE GOVERNMENT RESERVE FUND WERE USED BY 92%
4. IN Q2, NUMBER OF VISITORS IN GEORGIA’S DOMESTIC TOURISM SEGMENT INCREASED 2.1 TIMES Y-O-Y, THEIR MONTHLY EXPENSES – 2.3 TIMES
5. “GALT&TAGGART”: WINE COMPANIES SHOULD BE MORE AMBITIOUS TO GRAB A GREATER MARKET SHARE IN NEW TARGET EXPORT MARKETS
6. IN H1, 5 COMPANIES ACCOUNTED FOR 77.3% OF TOTAL MEDICAL INSURANCE PREMIUM

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1. IN ECONOMIC FREEDOM RANKING, GEORGIA IS THE 5TH AMONG 165 COUNTRIES
Politics

Georgia has improved its position by 3 steps in the new ranking of economic freedom of the Canadian Fraser Institute, reported Georgian Ministry of Economy and Sustainable Development. Now, Georgia occupies the 5th position among 165 countries (rating score – 8.26).

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2. 6-MONTH ALLOCATIONS OF REGIONAL PROJECTS FUND WERE USED BY 97.4%, OF MOUNTAIN SETTLEMENTS DEVELOPMENT FUND – BY 61.6%
Economics

Georgian Finance Ministry’s State Treasury reported that fund for implementation of projects in regions allocated 113.68 million lari in 5 cases in the first half of this year. At that, factual expenses amounted to 110.74 million lari, making up 97.4% of total allocation.

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3. 6-MONTH ALLOCATIONS OF THE GOVERNMENT RESERVE FUND WERE USED BY 92%
Economics

Georgian Finance Ministry’s State Treasury reported that reserve fund of Georgian government allocated 7.68 million lari in 10 cases in the first half of this year. At that, factual expenses amounted to 7.08 million lari, making up 92% of total allocation.

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4. IN Q2, NUMBER OF VISITORS IN GEORGIA’S DOMESTIC TOURISM SEGMENT INCREASED 2.1 TIMES Y-O-Y, THEIR MONTHLY EXPENSES – 2.3 TIMES
Economics

Sakstat reported that average monthly number of local visitors aged 15 years and above amounted in Georgia in the 2nd quarter to 1.4 million. If compared with the same period of 2020, the number has increased 2.1 times (there was a lockdown in the country a year ago).

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5. “GALT&TAGGART”: WINE COMPANIES SHOULD BE MORE AMBITIOUS TO GRAB A GREATER MARKET SHARE IN NEW TARGET EXPORT MARKETS
Economics

Georgian wine companies should be more ambitious to grab a greater market share in new target export markets, considers Galt&Taggart.

According to the company, share of new export markets (the US, the UK, China, Japan, Germany, Poland and the Baltic States) in total export of Georgian wine increased from 10.9% in 2013 to 21.5% in the 1st half of this year.

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6. IN H1, 5 COMPANIES ACCOUNTED FOR 77.3% OF TOTAL MEDICAL INSURANCE PREMIUM
Business

Georgian State Service for Insurance Supervision reported that in total premium, attracted by Georgian insurance sector in the first half of this year in health (medical) insurance (194.9 million lari), 5 companies accounted for 77.3%, or 97.9 million lari.

GPIH is still on the first position with 29.5% of total premium.

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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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