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Daily News

August 3, 2020

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economics

    ANNUAL INFLATION IN JULY MADE UP 5.7%

    Sakstat reported that inflation rate in July, being compared with the same period of 2019, made up 5.7%. In comparison with previous month (June), the rate made up negative 0.5% (i.e. deflation).


    AS OF END OF JUNE, LARI DEPRECIATED BY 6.5% Y-O-Y

    Official exchange rate of lari against the US dollar, set by National Bank of Georgia at the end of June, made up 3.0552 GEL/USD.

    As of end of the same month in 2019, the rate made up 2.8687 GEL/USD (respectively, lari has depreciated year-on-year by 6.5%).


    IN JUNE, NUMBER OF NEWLY REGISTERED ENTERPRISES INCREASED BY 10.7% Y-O-Y

    Sakstat reported that 4,309 new enterprises were registered in Georgia in June. If compared with the same month of 2019, the number has increased by 10.7%.


    IN 2019, NUMBER OF HOSPITAL BEDS IN GEORGIA INCREASED BY 9.4%

    Sakstat reported that 265 Georgian clinics had 17,500 beds in total in 2019. If compared with the same month of 2019, the number has increased by 9.4%.


    GERMANY ALLOCATES PREFERENTIAL LOAN OF 170M EUR AND GRANT OF 28.5M EUR FOR GEORGIA

    Georgian Finance Ministry reported that Germany allocates preferential loan of 170 million EUR and grant of 28.5 million EUR to the country. Respective agreement was signed on July 31.


    RESTORATION OF DAMAGED INFRASTRUCTURE IN RACHA CONTINUES

    There is already 6 days that works on restoration of infrastructure, damaged by elements in Racha region, are underway, Georgian Roads Department said.

    The Department reported that currently, works in Oni municipality of the region are conducted on return of the river to the former bed and temporary passages are arranged restoration of motor traffic.


    “CUSHMAN&WAKEFIELD GEORGIA”: 82% OF KAKHETI HOTELS RETURNED TO THE MARKET WITH DECREASED PRICES

    Real estate company Cushman&Wakefield Georgia declared that in the 3rd and 4th weeks of June, average load rate of hotels, located in Kakheti region, made up 45%. To compare, average rate of the Kakheti hotels in 2019 made up 65% during a high season and 28% – during a low season.


business

    “HUB GEORGIA”: IN 2015-2019, FLEET OF ACTIVE FREIGHT CARS OF “GEORGIAN RAILWAY” REDUCED BY 35%

    Non-governmental organization HUB Georgia declared that fleet of active freight cars of state-owned Georgian Railway reduced in 2015-2019 by 35%, or by 2,554 units. In 2019, number of such cars made up 4,939 units.


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Exchange Rates (NBG)
  03/27/24 + / -
  USD   2.7084   0.0029
  EUR   2.9337   0.0037
  RUR   2.9233   0.0038
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