Daily News

IN THIS ISSUE:

On August 7, “12 years have passed since we had the hardest days in our country’s modern history”, Georgia’s Prime Minister Giorgi Gakharia stated.

“Russia-Georgia war of 2008 claimed the lives of hundreds of our citizens, including civilians, we lost our hero soldiers, territories”, Gakharia posted on his official Facebook page.

At the government meeting on August 6, Georgia’s Prime Minister Giorgi Gakharia introduced Thea Akhvlediani, who is appointed to the post of State Minister for Reconciliation and Civic Equality.

Akhvlediani, born in 1975, is master of international politics (CERIS, Brussels) and specialist in international economic relations (Tbilisi State University).

Within the EU-financed European Neighborhood Program for Agriculture and Rural Development (ENPARD), the UN Food and Agriculture Organization (FAO) announced the 3^rd stage of a grant competition. Applications will be accepted until September 30.

National Bank of Georgia (NBG) published supervising-related legal acts, drafted within the amendments to the law “On Securities Market”, which were adopted in June.

These legal acts enter in force on October 5, while market participants and other interested parties can present own reasons and comments until September 4, NBG said.

Georgia’s Minister of Economy and Sustainable Development Natia Turnava declared that for the last month, 17 enterprises used the credit-and-guarantee scheme within the state program “Produce in Georgia”.

Among them are enterprise for construction materials’ production, healthcare-related business activity, hotels and restaurants, clothes manufacturing, food production and warehousing facility, the Minister reported.

Georgian State Service for Insurance Supervision reported that 14 agroinsurance policies were issued in the 1^st quarter. At that, by the end of the reporting period, 10 policies were active.

Georgian State Service for Insurance Supervision released estimation, according to which insurance profit of Georgian insurance companies for 6 months of this year totals to 89.5 million lari, increasing by 23% year-on-year. At that, net profit of the insurance sector for the reporting period makes up 29.2 million lari, increasing by 49%.

Georgian State Service for Insurance Supervision released estimation, according to which premium, attracted by Georgian insurance companies in 6 months of this year, totals to 297.3 million lari. If compared with the same period of 2019, the volume has increased by 11%.

Liberty Bank reported loss of 20.4 million lari for the 2^nd quarter. In the 1^st quarter, the bank had loss of 18.6 million lari, while in the 2^nd quarter of 2019 – profit of 5.2 million lari.

ProCredit Bank reported loss of 11.6 million lari for the 2^nd quarter. In the 1^st quarter, the bank had loss of 16.8 million lari, while in the 2^nd quarter of 2019 – profit of 9.2 million lari.

Georgia National Energy and Water Supply Regulating Commission set long-term tariffs for LLC Inter Gas, operating in Akhaltsikhe municipality (Samtskhe-Javakheti region). The tariffs, which will enter in force on September 1 of this year, will be effective until January 1, 2023.