Daily News
May 27, 2020
IN THIS ISSUE:
Full text is not available for the guests. Please, login, if you already have account, or register to get one.
|
|
1. |
PUBLIC TRANSPORT TO RESUME OPERATION ON MAY 29, ALL TYPES OF OPEN SHOPS – ON JUNE 1, HOTELS AND RESTAURANTS – ON JUNE 8
Politics
|
“Actually, virus spread in the country is under control” and “there is another task now – it is a rapid reopen of economy”, Georgia’s Prime Minister Giorgi Gakharia declared at today’s meeting of interdepartmental coordination council (created by the government of the country for fight against COVID-19 pandemic). The Premier pointed that “taking into account economic and social interests of our citizens, we made the decision on introduction of further simplification” of restrictions.
Back to the Headlines
2. |
NBG EXTENDED SUSPENSION OF DOCUMENTS’ ACCEPTANCE FROM SEEKERS OF LICENSE AND REGISTRATION FOR MORE 2 MONTHS
Economics
|
National Bank of Georgia (NBG) decided to extend suspension of acceptance of applications from seekers of license and registration for more 2 months. This does not apply to those, who already submitted applications prior to publication of respective decree of NBG.
Back to the Headlines
3. |
NBG LEFT COUNTER CYCLICAL BUFFER INTACT
Economics
|
National Bank of Georgia (NBG) declared that its committee on financial stability decided today to leave the counter cyclical buffer without change, i.e. at the level of 0%. As NBG specified, requirement for this buffer will remain intact until end of the year.
Back to the Headlines
4. |
POPULATION’S AVERAGE MONTHLY INCOME INCREASED IN 2019 BY 5.4%, EXPENSES – BY 4.8%
Economics
|
Sakstat reported that Georgian population’s average monthly income (both monetary and non-monetary) amounted in 2019 to 1.25 billion lari. This volume exceeds indicator of 2018 by 5.4%.
Back to the Headlines
5. |
MICROFINANCIAL ORGANIZATIONS FINISHED Q1 WITH PROFIT
Economics
|
National Bank of Georgia reported that microfinancial organizations of the country finished the 1st quarter with net profit of 18.5 million lari. For the same period of last year, losses of 37.5 million lari were reported.
Back to the Headlines
6. |
AS OF MARCH 31, MICROFINANCIAL ORGANIZATIONS’ RETAIL CREDITING INCREASED BY 1.7% Q-O-Q, WHILE DECREASED BY 0.8% Y-O-Y
Economics
|
National Bank of Georgia reported that in total credits, issued as of March 31 by microfinancial organizations of the country (1.15 billion lari), retail crediting accounts for 96.8% (1.11 billion lari). Retail credits of Georgian microfinancial organizations have increased by 1.7% quarter-on-quarter, while decreased by 0.8% year-on-year.
Back to the Headlines
7. |
EBRD TO ALLOCATE 90M EUR FOR STRENGTHENING OF ELECTRICITY TRANSMISSION NETWORK
Economics
|
Georgian government declared that EBRD will finance the project on strengthening of the country’s electricity-transmitting network worth 90 million EUR. Respective agreement was reached on May 25.
Back to the Headlines
8. |
GEORGIA PLANS EXPORT OF MEDICAL MASKS
Business
|
At the beginning of COVID-19 pandemic, Georgia was the country, which exported medical masks, Georgia’s Minister of Economy and Sustainable Development Natia Turnava noted. Now, “The local market is saturated so much with medical and household masks of high quality that we made the decision to start export of them”, she declared.
Back to the Headlines
9. |
“GEORGIAN AIRWAYS” TO MAKE CHARTER FLIGHTS TO AMSTERDAM AND TEL AVIV
Business
|
In June, Georgian Airways will make charter flights to Amsterdam and Tel Aviv, Georgian Civil Aviation Agency reported. Georgian airline got the corresponding permission on May 25.
Back to the Headlines
10. |
STRUCTURE OF STAKEHOLDERS OF “MTAVARI ARKHI” CHANGED
Business
|
According to changes, registered in Georgian Public Register, owners of TV company Mtavari Arkhi (Main Channel, operates since September 2019) Nika Gvaramia (51%) and Kakhaber Anjaparidze (49%) have alienated their stakes. Anjaparidze sold his stake completely, while Gvaramia retained stake of 12%.
Back to the Headlines
|