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Daily News

April 1, 2021

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politics

    GEORGIAN GOVERNMENT HAS TWO NEW MINISTERS

    At the government meeting today, Lasha Khutsishvili was introduced as the new Finance Minister. He was the Deputy Finance Minister since 2014.


    COMPETITION ANNOUNCED TO FILL THE VACANT POST OF COMMUNICATIONS COMMISSION MEMBER

    Georgian government reported that open competition was announced on March 29 to fill the vacant post of a member of Georgian National Communication Commission. Nomination of candidates is possible during 30 days after the competition announcement.


economics

    WB FORECAST: GEORGIA’S GDP GROWTH IN 2021 WILL MAKE UP 4%

    The World Bank (WB) expects growth of Georgia’s economy (in constant market prices) in 2021 to make up 4%, “with the key baseline assumption that there are no further severe waves of COVID-19 infections that necessitate additional lockdowns and ongoing political impasse is resolved”.

    In 2022, growth is projected at 5%.


    NBG PRESIDENT: EXCHANGE RATE IS UNDERGOING EXCESSIVE DEPRECIATION NOW, WHICH WILL BE FOLLOWED BY REVERSAL

    Koba Gvenetadze, president of National Bank of Georgia (NBG), points that unprecedented circumstances, emerged because of the COVID-19 pandemic, had essentially negative impact on the country’s external revenues, forex market, inflation and economic activity in general.

    The pandemic situation continues, this is added by the events in Turkey (sharp drop of Turkish lira), generating excessive fluctuations on forex market, Gvenetadze says.


    “SAKSTAT” STUDY: SINCE MARCH 2020, AVERAGE MONTHLY INCOME REDUCED FOR 53% OF HOUSEHOLDS

    With assistance of the UN International Children’s Fund (UNICEF), Sakstat launched a real-time study of the COVID-19 impact on the well-being of families and children. The study covers 2,118 households nationwide, including 996 in urban and 1,122 in rural areas.


    IN 2020, PASSENGER TRAFFIC AT GEORGIAN AIRPORTS DROPPED BY 84%

    Georgian Civil Aviation Agency reported that Georgian airports served 833,846 passengers in 2020. If compared with 2019, the passenger traffic has decreased by 84%.


    THE GOVERNMENT APPROVED TECHNICAL REGULATION “ON COCOA AND CHOCOLATE PRODUCTS INTENDED FOR HUMAN CONSUMPTION”

    At the meeting today, Georgian government approved technical regulation “On Cocoa and Chocolate Products Intended for Human Consumption”. The regulation will enter in force on July 1, 2023.


business

    DURING SUMMER NAVIGATION SEASON, REGULAR FLIGHTS FROM TBILISI AIRPORT WILL BE CARRIED OUT IN 24 DIRECTIONS, FROM KUTAISI – IN 4 DIRECTIONS

    Georgian Civil Aviation Agency approved flight schedule for the summer navigation season (from last Sunday of March until last Saturday of October 2021).

    The Agency reported that regular flights from Tbilisi airport will be carried out to 24 destinations.


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Exchange Rates (NBG)
  04/13/21 + / -
  USD   3.4235   0.0003
  EUR   4.0709   0.0089
  RUR   4.4397   0.0063
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