Daily News
May 30, 2022
IN THIS ISSUE:
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| 1. |
ECONOMY MINISTER: IN 2022, GEORGIA SHOULD HAVE ECONOMIC GROWTH HIGHER THAN FORECASTED BY FINANCIAL INSTITUTIONS
Economics
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“In 2022, Georgia should have economic growth higher than forecasted by financial institutions”, declared Levan Davitashvili, Georgia’s Deputy Prime Minister and Minister of Economy and Sustainable Development. We expect that the growth rate, planned by the Georgian government (6%), will be achieved, he noted, while speaking on May 27 in the Georgian Parliament.
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| 2. |
GEORGIA GOT A LAND PLOT IN JORDAN, NEARBY TO PLACE WHERE JESUS CHRIST WAS BAPTIZED
Politics
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Jordan handed over to Georgia a land plot near the place of the Savior’s baptism, the Georgian government reported. The 4,000 square m land plot is located 15-20 m from the Jordan River.
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| 3. |
BUCHAREST HAS BECOME A SISTER CITY OF TBILISI
Politics
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The Romanian capital city Bucharest has become the 22nd sister city of the Georgian capital, reported Tbilisi City Hall. The twinning agreement was signed today in Bucharest.
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| 4. |
“GEORGIAN RAILWAY” FINISHED BOTH 2021 AND Q1 OF THIS YEAR WITH PROFIT
Business
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JSC Georgian Railway reported profit of 52.7 million lari for 2021. At the end of 2020, the state-owned company had loss of 164.64 million lari.
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| 5. |
VOLUME OF FINES, NBG IMPOSES FOR VIOLATION OF ANTI-MONEY-LAUNDERING LEGISLATION, INCREASED 2.9 TIMES IN 2021
Economics
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National Bank of Georgia (NBG) reported that in order to ensure compliance with Georgian legislation on suppression of money laundering and terrorism financing, 39 representatives of the financial sector were checked in 2021 (against of 23 in 2020). The fine, imposed by NBG for violation of the legislation, totaled to 1.71 million lari, increasing 2.9 times year-on-year.
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| 6. |
IN TOTAL CASH, BEING IN CIRCULATION IN GEORGIA, SHARE OF BANKNOTES DECREASED IN 2021
Economics
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National Bank of Georgia (NBG) reported that volume of cash, which was in circulation in Georgia as of December 31, 2021, totaled to 4.59 billion lari (year-on-year decrease – 1.5%). Out of total, banknotes made up 4.44 billion lari, accounting thus for 96.7% of total volume against of 97.1% in 2020.
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| 7. |
IN 2021, NUMBER OF DETECTED COUNTERFEIT LARI BANKNOTES DECREASED BY 30%, OF COINS – 13.8 TIMES
Economics
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National Bank of Georgia reported that in 2021, an expertise was carried out on 6,756 suspicious banknotes and coins, 61% of which turned out to be counterfeit. Namely, 2,125 counterfeit lari banknotes were identified (year-on-year decrease – 30%).
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| 8. |
IN 2021, REVENUES OF NBG FROM SALE OF COLLECTIBLE AND NUMISMATIC VALUABLES AND GOLD INCREASED BY 75.5%
Economics
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National Bank of Georgia (NBG) reported that 76,800 items of collectible and numismatic valuables and gold worth 6.7 million lari were sold in 2021. Revenues from sale of these values increased year-on-year by 75.5%, NBG said.
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