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Daily News

July 3, 2024

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politics

    GRECO: OUT OF 16 RECOMMENDATIONS OF 2016, GEORGIA IMPLEMENTED 9, PARTIALLY IMPLEMENTED 6 AND NOT IMPLEMENTED 1

    Georgia “has implemented satisfactorily or dealt with in a satisfactory manner” 9 out of 16 recommendations issued back in 2016, the Council of Europe Group of States Against Corruption (GRECO) reports.

    “Of the remaining recommendations six remain partly implemented and one, that on limiting the immunity of judges to “functional immunity”, has not been implemented “, GRECO points out.


economics

    IN JUNE, ANNUAL INFLATION IN GEORGIA MADE UP 2.2%

    In June, compared to the corresponding period of 2023, inflation rate in Georgia made up 2.2% (with a target of 3%), Sakstat reported. If compared to previous month (i.e. May), the rate made up negative 0.5% (i.e. deflation).


    IN 6 MONTHS, NBG SOLD $168.7M AT CURRENCY AUCTIONS

    In first half of this year, National Bank of Georgia (NBG) sold $168.7 million at currency auctions. In total, there were 3 auctions, all held in May-June.


    IN 2023, REGULATORY FEE PAID IN GEORGIA’S ELECTRICITY, NATURAL GAS AND WATER SECTORS INCREASED BY 48%

    In 2023, revenues of Georgian National Energy and Water Supply Regulating Commission from the country’s electricity, natural gas and water sectors totaled to 23.13 million lari. As the Commission said in its annual report, the volume has increased by 48% compared to 2022.


    NBG ACTING PRESIDENT PARTICIPATED IN ZURICH FINTECH FORUM

    Natia Turnava, acting president of National Bank of Georgia (NBG), took part in the “Point Zero Forum” in Zurich. The forum, organized by non-for-profit organization Elevandi and Switzerland’s State Secretariat for International Finance, is “an annual gathering of the world’s financial regulators, policymakers, industry leaders, and innovators to collaborate on the advancement of global financial systems”.


    “SMART STAY HACKATHON” WILL BE HELD IN TELAVI

    On July 27-28, Telavi Technopark will host “Smart Stay Hackathon” (competition of innovative projects), the Georgian Agency of Innovations and Technology said.

    Hackathon is intended for any aged above 16, who are interested in the hospitality field.


    GEORGIAN COMPETITION AGENCY: IN 6 MONTHS, 38 VIOLATIONS OF CONSUMER GROUP RIGHTS CONFIRMED

    In 6 months of the year, 407 applications regarding consumer right protection were registered, while 38 violations were confirmed, Georgian Competition and Consumer Protection Agency reported.

    In total applications, 68% were related to online purchases, while 32% to off-line purchase of goods on the spot.


society

    GEORGIAN PROSECUTOR’S OFFICE: 2 PERSONS INDICTED FOR FRAUDULENTLY OBTAINING LARGE SUM OF MONEY THROUGH SO-CALLED CALL CENTER

    The Prosecutor’s Office of Georgia indicted 2 persons on a charge of fraudulently obtaining large amount of money by organized group through the so-called call center. The punishment in this case envisages imprisonment for a term of 7 to 10 years.


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Exchange Rates (NBG)
  07/19/24 + / -
  USD   2.6953   0.0000
  EUR   2.9476   0.0000
  RUR   3.0614   0.0000
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