Daily News

IN THIS ISSUE:

In the 1^st quarter, nominal exchange rate of lari against the US dollar has strengthened quarter-on-quarter by 0.3%, while against euro – by 0.7%, National Bank of Georgia (NBG) reported.

NBG noted that lari has depreciated slightly against Russian ruble and Turkish lira – by respective 0.4% and 2.2%.

In the 4^th quarter of 2018, real added value per occupied (labor productivity) in Georgian economy has increased by 3.8%, if compared with the same period of 2017, National Bank of Georgia (NBG) reported.

NBG attributed growth of labor productivity with situation in agriculture, where the mentioned indicator has increased by 18.6%.

Georgian Ministry of Environmental Protection and Agriculture reported that loss, indemnified within the state program of agroinsurance since 2014, totals to 35.3 million lari. Out of total reimbursement, state subsidy made up 33.85 million lari, the Ministry noted.

Georgia and Kazakhstan will offer joint logistic projects to international companies, Georgian government declared.

While summing up today results of his visit to Kazakhstan, Georgia’s Prime Minister Mamuka Bakhtadze said that “we made important decisions in this direction today”.

Our purpose is that by 2020, average salary of teachers in Georgia was in the range of 1,500-1,800 lari a month, Georgia’s Prime Minister Mamuka Bakhtadze declared.

As the Premier pointed, he feels that this is “very big tragedy that average salary of our teachers is below even of average salary in Georgia”.

Georgian National Communication Commission reported about 2-day conference with participation of communication regulating authorities of Eastern Partnership countries (EaPeReg) and the EU (BEREC), which took place in Tbilisi. As the Commission pointed, chairs of the regulating commissions of 19 countries gathered in Georgia for the first time.

Office of Georgian business ombudsman reported that memorandums of cooperation with France-Georgia Chamber of Commerce and Industry and Georgia-Switzerland Business Association were signed in Tbilisi today.

As the Office said, the memorandums aim further deepening of relations and assistance to activity in Georgia of member companies of the mentioned associations.

Company RRestate will build the 17-storey 164-room hotel Tbilisi Waterfall in Tbilisi area Ortachala.

As founder of the company Revaz Turmanidze said, idea of the project was induced by experience in the UAE.