Daily News December 3, 2021	Days:  01 02 03 06 07

economics

IN NOVEMBER, ANNUAL INFLATION IN GEORGIA MADE UP 12.5%

Sakstat reported that in November, annual inflation in Georgia made up 12.5%. Monthly inflation (i.e. compared with the previous month, October) made up 0.6%.




PARLIAMENT APPROVED AMENDMENTS TO THE STATE BUDGET-2021

On December 2, Georgian Parliament approved draft amendments to the state budget-2021 by 80 votes “pro”.

Georgian Finance Ministry reported that according to the updated macroeconomic parameters, forecast of real GDP growth for 2021 is set at 10%.




AGROINSURANCE PREMIUM, ATTRACTED IN 9 MONTHS, INCREASED BY 19.4% Y-O-Y

Georgian State Service for Insurance Supervision reported that in 9 months of this year, Georgian insurance companies attracted premium of 17.6 million lari (gross) from agricultural insurance. If compared with the same period of 2020, the volume has increased by 19.4%.

business

IN 2020, PROFIT OF GEORGIAN ENERGY DEVELOPMENT FUND DROPPED 10 TIMES

In the review of state-owned enterprises, Georgian government indicated that profit of JSC Georgian Energy Development Fund for 2020 made up 1 million lari. If compared with 2019, the volume has decreased 10 times.




IN 2020, NET PROFIT OF “SAKRUSENERGO” DECREASED BY 21.4%

In the review of state-owned enterprises, Georgian government indicated that JSC Sakrusenergo finished 2020 with a net profit of 11 million lari. If compared with 2019, the volume has decreased by 21.4%.




IN 2020, PROFIT OF “GEORGIAN POST” INCREASED 6 TIMES

In the review of state-owned enterprises, Georgian government indicated that LLC Georgian Post finished 2020 with profit of 6 million lari. If compared with 2019, the volume has increased 6 times.




AS OF SEPTEMBER 30, 5 INSURANCE COMPANIES ACCOUNTED FOR 69% OF TOTAL REIMBURSEMENTS

Georgian State Service for Insurance Supervision reported that in total reimbursements of Georgian insurance sector as of September 30 (313 million lari), combined share of 5 companies made up 69%, or 216.46 million lari. If compared with the same period of 2020, the top five has undergone changes.

society

IN ACADEMIC YEAR 2021/2022, NUMBER OF PUBLIC SCHOOLS WAS NOT CHANGED, NUMBER OF PRIVATE SCHOOLS DECREASED BY 1

Sakstat reported that at the beginning of academic year 2021/2022, there were 2,308 schools in Georgia, including 2,086 public ones (unchanged compared with the previous academic year). Number of private schools made up 222, decreasing by 1 unit since the previous academic year.