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

Daily News
Economic Press Monitor
Special Report
 


Daily News


April 15, 2019

IN THIS ISSUE:

1. “S&P” IMPROVED OUTLOOK FOR GEORGIA’S SOVEREIGN RATING
2. AS OF MARCH, YIELD RATE OF GEORGIAN GOVERNMENT’S 10-YEAR BONDS MADE UP 4%
3. AS OF MARCH, LARI SUPPLY INCREASED BY 13.4% Y-O-Y
4. GEORGIAN PREMIER LAUNCHED INITIATIVE ON PASS OF RELATIONS WITH ROMANIA TO STRATEGIC LEVEL
5. EMPLOYEE OF “SAKAERONAVIGATSIA” BECAME CHAIR OF ICAO PERMANENT GROUP
6. BUSINESS OMBUDSMAN: IN Q1, IN 80% OF RECOMMENDATIONS, OUR POSITION WAS FULLY OR PARTLY MET
7. MINISTRY OF ENVIRONMENTAL PROTECTION AND AGRICULTURE: DURING 5 YEARS OF AGROINSURANCE, REIMBURSEMENTS TOTALED TO 35.34M LARI
8. IN 2018, PROFIT OF INSURANCE COMPANIES INCREASED 2.07 TIMES
9. AS OF MARCH, PRICE PER SHARE OF “TBC BANK GROUP” AT LONDON STOCK EXCHANGE MADE UP 14.3 GBP, OF “BANK OF GEORGIA GROUP” – 16.6 GBP
10. THE UN GROUP ON BUSINESS AND HUMAN RIGHTS: THERE IS NO ANY PLAN, SECURING SAFE WASTE MANAGEMENT AT “GEORGIAN MANGANESE”

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


1. “S&P” IMPROVED OUTLOOK FOR GEORGIA’S SOVEREIGN RATING
Economics

On April 13, Standard&Poor’s (S&P) improved outlook for sovereign rating of Georgia from “stable” to “positive”, Georgian government reported. The rating itself is “BB-”.

Back to the Headlines


2. AS OF MARCH, YIELD RATE OF GEORGIAN GOVERNMENT’S 10-YEAR BONDS MADE UP 4%
Economics

Referring to Bloomberg, National Bank of Georgia reported that yield rate of Georgian government’s 10-year bonds, placed on the London Stock Exchange (LSE), made up 4% in this March.

To compare, the rate in March 2018 made up 3.8%, while in December 2018 – 4.4%.

Back to the Headlines


3. AS OF MARCH, LARI SUPPLY INCREASED BY 13.4% Y-O-Y
Economics

National Bank of Georgia reported that as of March 31, national currency supply amounted to 3.42 billion lari.

If compared with the same period of 2018 (i.e. year-on-year), the volume has increased by 13.4% (by 403.99 million lari).

Back to the Headlines


4. GEORGIAN PREMIER LAUNCHED INITIATIVE ON PASS OF RELATIONS WITH ROMANIA TO STRATEGIC LEVEL
Politics

Georgia launches an initiative to pass relations with Romania to strategic level, Georgia’s Prime Minister Mamuka Bakhtadze declared at the meeting with his Romanian counterpart Viorica Dancila today.

Georgian Premier noted that “Romania is very strong supporter of Georgia’s integration into European and Euro-Atlantic space”.

Back to the Headlines


5. EMPLOYEE OF “SAKAERONAVIGATSIA” BECAME CHAIR OF ICAO PERMANENT GROUP
Politics

Evgeni Tavadze, head of department at LLC Sakaeronavigatsia (Georgian Air Navigation), is elected the chairman of permanent group of International Civil Aviation Organization (ICAO), Georgian Ministry of Economy and Sustainable Development reported.

During 4 years, Tavadze will direct permanent group on air routes’ development at European and North Atlantic regional office of ICAO.

Back to the Headlines


6. BUSINESS OMBUDSMAN: IN Q1, IN 80% OF RECOMMENDATIONS, OUR POSITION WAS FULLY OR PARTLY MET
Economics

In the 1st quarter, we issued 57 recommendations in support of business interests and in 80% of them, our position was fully or partly satisfied, Georgian business ombudsman Irakli Lekvinadze declared.

According to Lekvinadze, 40% of applications, received by his office in the reporting period, were submitted by companies, engaged in production or retail and wholesale trade.

Back to the Headlines


7. MINISTRY OF ENVIRONMENTAL PROTECTION AND AGRICULTURE: DURING 5 YEARS OF AGROINSURANCE, REIMBURSEMENTS TOTALED TO 35.34M LARI
Economics

During 5 years of the state program of agroinsurance, launched in 2014, (i.e. through 2018), paid reimbursements totaled to 35.34 million lari, Georgian Ministry of Environmental Protection and Agriculture reported.

The Ministry pointed that in total cost of insurance service to farmers, the state has subsidized 33.85 million lari.

Back to the Headlines


8. IN 2018, PROFIT OF INSURANCE COMPANIES INCREASED 2.07 TIMES
Economics

In 2018, net profit of Georgian insurance companies totaled to 42.19 million lari, Georgian State Service for Insurance Supervision reported. If compared with 2017, the volume has increased 2.07 times.

Back to the Headlines


9. AS OF MARCH, PRICE PER SHARE OF “TBC BANK GROUP” AT LONDON STOCK EXCHANGE MADE UP 14.3 GBP, OF “BANK OF GEORGIA GROUP” – 16.6 GBP
Business

Referring to Bloomberg, National Bank of Georgia reported that as of March, price per share of TBC Bank Group on the London Stock Exchange made up 15.6 GBP.

To compare, the price in March 2018 made up 18 GBP, while in December 2018 – 14.3 GBP.

Back to the Headlines


10. THE UN GROUP ON BUSINESS AND HUMAN RIGHTS: THERE IS NO ANY PLAN, SECURING SAFE WASTE MANAGEMENT AT “GEORGIAN MANGANESE”
Business

The UN group on business and human rights declared that representatives of Georgian Manganese (subsidiary of the US-based Georgian American Alloys Inc.) in Chiatura told them that “the company is taking steps to stop discharging sludge into the river through a new enrichment plan”.

“While we welcome this development”, the group said in the statement, released at the end of their visit to Georgia last week, “we are concerned that currently there are no plans for safe management of waste materials”, resulting from operations of the company’s contractors.

Back to the Headlines


Exchange Rates (NBG)
  06/14/19 + / -
  USD   2.7468   0.0079
  EUR   3.0943   0.0029
  RUR   4.2700   0.0298
Get News in Brief by e-mail
Get daily News in Brief on your e-mail for free!
Announcements
Dear readers,

Wish you happy New Year! Let happiness, peace and prosperity be with you and your beloved ones in 2019!

We are leaving for New Year holidays and will resume operation on January 8. Until that, the site will not be updated.

Sincerely,

Sarke Information Agency


© 2019 Sarke Information Agency