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Daily News

October 5, 2018

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politics

    GEORGIA AND UKRAINE AGREED ON TRAVELS WITH ID CARDS

    Travels between Georgia and Ukraine will be possible without passports, but with ID cards only, Georgian government reported.

    As the government noted, respective agreement was signed today in Chisinau (Moldova) by Georgia’s Prime Minister Mamuka Bakhtadze and his Ukrainian counterpart Volodymyr Groysman.


    “TI GEORGIA”: TENDENCY PROCEEDS OF APPOINTMENT TO IMPORTANT PUBLIC POSITIONS OF PERSONS FROM IVANISHVILI’S COMPANIES

    The tendency of appointment to important positions in the public sector of persons from companies of Bidzina Ivanishvili (billionaire leader of ruling Georgian Dream) proceeds, declares TI Georgia, Georgian branch of Transparency International. In its report, the organization identified 40 such officials.


economics

    IN Q2, RATIO OF HOUSEHOLDS’ DEBT TO THEIR DISPOSABLE INCOME INCREASED Y-O-Y BY 5.5 PERCENTAGE POINTS

    National Bank of Georgia reported that ratio of households’ debt to their disposable income in the 2nd quarter made up 54.6%.

    To compare, the ratio in the 1st quarter made up 52.3% (i.e. quarter-on-quarter growth made up 2.3 percentage points (pp), while in the 2nd quarter of last year – 49.1% (i.e. year-on-year growth made up 5.5 pp).


    IN Q3, REFINANCING CREDITS INCREASED BY 1.4% Q-O-Q, WHILE DECREASED BY 1.7% Y-O-Y

    National Bank of Georgia reported that in the 3rd quarter, 13 refinancing credits (7-day) were issued, totaling to 12.86 billion lari.

    If compared with the 2nd quarter of this year (12.68 billion lari), the volume has increased by 1.4%.


    IN Q3, DEMAND FOR DEPOSIT CERTIFICATES 2.8 TIMES EXCEEDED EMISSION

    National Bank of Georgia reported that in the 3rd quarter, demand for deposit certificates (discount security with maturity of 3 months) 2.8 times exceeded emission.

    In particular, total demand for the reporting period amounted to 168 million lari, while total emission (3 auctions) – to 60 million lari.


    USAID ESTIMATES BUSINESS ENVIRONMENT IN GEORGIA AT 0.55 OUT OF 1

    On October 4, USAID published the research “Journey to Self-Reliance”, which estimates capacities and commitments of beneficiary countries by 17 criteria (on a scale from 0 to 1).

    In respect of economic policy, Georgia’s business environment is estimated at 0.55 points, trade freedom – 0.99 points.


    THE GOVERNMENT: CENTRAL ROLE IN BUDGET-2019, AS WELL AS IN BUDGETS OF THE PREVIOUS 2 YEARS, HAS THE PROGRAM OF INFRASTRUCTURE ACCELERATION

    In the budget-2019, as well as in budgets of the previous 2 years, the central role is played by the program of acceleration of infrastructure, indicates analytical notice, enclosed with the draft of Georgia’s budget-2019 (primary version is already submitted to the Parliament).

    As the notice specifies, this program means implementation of large infrastructure projects that is connected with a set of uncontrollable factors.


    ADB ALLOCATES 255.3M EUR FOR CONSTRUCTION OF KHEVI-UBISA SECTION OF EAST-WEST HIGHWAY

    Asian Development Bank (ADB) allocates preferential loan of 255.3 million EUR for construction of Khevi-Ubisa section of East-West Highway (E60). Respective agreement was signed in Tbilisi today.


business

    “MYWAY AIRLINES” LAUNCHES FLIGHTS TO 5 NEW DESTINATIONS

    Georgian air carrier Myway Airlines launches regular flights in the direction of Europe, reports Georgian Civil Aviation Agency. Corresponding permission (for the period from the end of this October until the end of next March).


society

    DIRECTOR GENERAL OF “SILK ROAD BANK” TO HEAD GEORGIAN BANKING ASSOCIATION

    Georgian Banking Association declared that at the general meeting today, president of the Association was elected. The president became Alexander Dzneladze, director general of Silk Road Bank, the Association said.


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