Daily News

IN THIS ISSUE:

On March 24, European Georgia presented own plan of fight against economic crisis in the country, caused by coronavirus pandemic. According to this plan, private sector will retain 690 million lari, the opposition party pointed.

Roman Gotsiridze, chairman of oppositional parliamentary fraction of National Movement and president of the National Bank of Georgia (NBG) in 2005-2007, declared that lari met the arisen crisis unprepared. “The authorities could not protect lari”, he said on March 24 on air of Rustavi-2 TV company.

Georgian Young Financiers and Businessmen Association pointed at panic background and transfer through expectations channels to national currency as the main reason of recently started sharp devaluation of lari.

Use of interventions (sale of the US dollars) by National Bank of Georgia (NBG) will be insufficient for return of lari exchange rate to its real balance mark, the Association declared.

As promised yesterday, National Bank of Georgia (NBG) sold $40 million at the currency auction today. The average weighted rate made up 3.4563 GEL/USD.

Georgian Young Financiers and Businessmen Association and several Georgian civil organizations offer the government of the country an anti-crisis package, which envisaged financial aid to persons, who lost job because of coronavirus pandemic.

As initiators of the anti-crisis package declared, compensation to such citizens has to be provided by “the British model”.

Georgian Ministry of Economy and Sustainable Development declared that all employers of the country have to develop own plans of readiness and response to infectious diseases (emergency plan).

The Ministry pointed that a plan should follow instructions and recommendations of the National Center of Disease Control and Public Healthcare.

Georgia’s Minister of Economy and Sustainable Development Natia Turnava declared that “distribution of Georgia-made medical masks has started according to those priorities, which especially emphasize safety protection”.

These priorities include persons of 70 years and above, public employees, who work with quarantine zones, police officers, etc., she said.

Electricity generation license was issued to LLC Gardabani Heat Power Plant-2, Georgian National Energy and Water Supply Regulating Commission reported. The 230-MW heat station of the combined cycle, located in Gardabani municipality of Kvemo Kartli region, was put in operation this year.