Daily News
July 8, 2022
IN THIS ISSUE:
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| 1. |
IN 2021, HANDLING OF CARGO IN GEORGIAN PORTS INCREASED BY 0.9%, WHILE HANDLING OF CONTAINERS DECREASED BY 18%
Economics
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Georgian Ministry of Economy and Sustainable Development reported that in 2021, Georgian seaports handled 11 million t of cargo. If compared with 2020, the volume has increased by 0.9%.
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| 2. |
IN Q1, REVENUES OF “GEORGIAN RAILWAY” FROM OIL-PRODUCTS TRANSPORTATION DECREASED BY 18.6% Y-O-Y
Business
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JSC Georgian Railway reported that 872,000 t of oil-products were transported in the 1st quarter (year-on-year decrease – 21.6%). Revenues from these transportations totaled to 31.36 million lari (decrease – 18.6%).
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| 3. |
IN Q1, REVENUES OF “GEORGIAN RAILWAY” FROM CHEMICALS AND FERTILIZERS TRANSPORTATION INCREASED BY 42.9% Y-O-Y
Business
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JSC Georgian Railway reported that 529,500 t of chemicals and fertilizers were transported in the 1st quarter (year-on-year growth – 56.5%). Revenues from these transportations totaled to 12.81 million lari (growth – 42.9%).
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| 4. |
IN Q1, REVENUES OF “GEORGIAN RAILWAY” FROM ORE TRANSPORTATION INCREASED BY 4.9% Y-O-Y
Business
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JSC Georgian Railway reported that 408,500 t of ore were transported in the 1st quarter (year-on-year growth – 5.5%). Revenues from these transportations totaled to 7.43 million lari (growth – 4.9%).
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| 5. |
IN Q1, REVENUES OF “GEORGIAN RAILWAY” FROM SUGAR TRANSPORTATION DECREASED BY 40.3% Y-O-Y
Business
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JSC Georgian Railway reported that 63,300 t of sugar were transported in the 1st quarter (year-on-year decrease – 39.9%). Revenues from these transportations totaled to 3.35 million lari (decrease – 40.3%).
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| 6. |
IN Q1, REVENUES OF “GEORGIAN RAILWAY” FROM FERROUS METALS/SCRAP TRANSPORTATION DECREASED BY 21.5% Y-O-Y
Business
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JSC Georgian Railway reported that 101,500 t of ferrous metals and scrap were transported in the 1st quarter (year-on-year decrease – 21.9%). Revenues from these transportations totaled to 1.83 million lari (decrease – 21.5%).
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| 7. |
GEORGIAN STATE AUDIT SERVICE: IDENTIFIED SHORTCOMING IN INVESTMENT PROJECTS MANAGEMENT IS ESSENTIAL CHANGE IN PLANS
Economics
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Georgian State Audit Service declared that identified shortcoming in management of investment projects is essential change in plans of these projects, which indicates flawed process of planning. This shortcoming affects the process of project implementation, which is expressed often in undeveloped resource or significant overspending of funds, the Service indicated.
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| 8. |
GEORGIAN STATE AUDIT SERVICE POINTS AT SHORTCOMINGS IN PLANNING INCOME AND EXPENSES OF LEPL AND NON-PROFIT LEGAL ENTITIES
Economics
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Based on analysis of the Georgian budget for 2021, the State Audit Service pointed at shortcomings in the process of planning income and expenses of legal entities of public law (LEPL) and non-profit/non-entrepreneurial legal entities. In particular, 17 departments had planned their income and expenses in 2021 as zero.
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