Daily News

IN THIS ISSUE:

National Bank of Georgia (NBG) reported that repo-transactions of 586.39 million lari were made in the 1^st quarter. If compared with the same period of 2017, the volume has increased by 77.5%.

As of December 31, 2017, treasury securities with face value of 2.4 billion lari, i.e. 6.7% of GDP, were in circulation, National Bank of Georgia (NBG) reported.

In respect of size of economy, volume of treasury securities in circulation is still small, NBG noted in its annual report, pointing that in order to raise liquidity of the market, since 2018 emission of treasury securities will be increased and securities with high liquidity (so-called “benchmark securities”) will be issued.

In comparison with local bond market, minor advance is noticed in respect of public emission of shares, National Bank of Georgia (NBG) said in its annual report for 2017. The report indicates that in this direction, market researches for identification of major problems in demand and offer are planned in the current year.

In 2017, transactions at Georgian Stock Exchange totaled to 172.7 million lari (3.5 million securities), National Bank of Georgia (NBG) reported.

Out of total, exchange deals made up 26.6 million lari, while OTC deals (so-called fixing) amounted to 146.2 million, annual report of NBG said.

In 2017, total cost of exchange and OTC transactions, served by Georgian broker companies, amounted to 76 million lari (148 million securities), National Bank of Georgia (NBG) reported.

Out of total, deals of 26.6 million lari (9.8 million securities) were concluded on trading sessions of Georgian Stock Exchange, while OTC transactions made up 49.6 million lari (138.26 million securities), annual report of NBG specified.

Deputy Minister of Environmental Protection and Agriculture Giorgi Khanishvili declared that within fight against brown marmorated stink bug (Halyomorpha halys, the pest), intensive chemical spraying is underway in Western Georgia.

Khanishvili reported this in the Parliament, while presenting respective action plan of the government at the meeting of Committee on Regional Policy and Self-Governance.

Tbilisi Mayor Kakha Kaladze declared that the City Hall initiated exemption of import and local supply of electrobuses and electrominibuses from VAT. He said that at the meeting of the capital government today.

As the initial step, Chinese company Emeishan Gongping Environmental Technology plans to invest $25 million in recycling industry in Georgia, Georgian Partnership Fund reported.

At the meeting, which was held recently in the Fund, the parties discussed prospects of the project on construction of the tire-recycling enterprise.

National Energy and Water Supply Regulating Commission reported that LLC GWP (water supply and sewerage company of Tbilisi) installed water meters to about 24% of consumers. In 2018-2020, GWP plans to raise this indicator by about 11%, the Commission noted.

Economy and Sustainable Development Ministry’s Agency Produce in Georgia announced that on May 26, entrepreneurial market will be held on Rustaveli Avenue in Tbilisi.

100 producers will symbolically participate in the event, reported the Agency, which is organizer of the market.