Georgian English Russian Main Register Company Partners Feedback
Sarke Information Agency
Georgian/English/Russian Menu

Daily News
Economic Press Monitor
Special Report
 


Daily News

July 5, 2024

Previous Issues:  Days: < 03 04 05 08 09 > 

 

Note: Please login to get full access to the articles. If you are still not the Sarke's user, please register.

politics

    “TI GEORGIA”: ANTI-CORRUPTION BUREAU DID NOT PROACTIVELY PUBLISH RESULTS OF MONITORING OF OFFICIALS’ DECLARATIONS

    Despite the statutory requirement, Georgian Anti-Corruption Bureau did not proactively publish at the end of 2023 the results of monitoring of officials’ declarations, and did not made them public until now, says TI Georgia, Georgian branch of Transparency International.

    According to the report of the Anti-Corruption Bureau, a total of 720 officials had to be checked in 2023.


economics

    IN 2023, GEORGIA’S RATIO OF OUTSTANDING TREASURY SECURITIES TO GDP INCREASED BY 0.8 PP

    In 2023, 66 auctions of treasury securities were held, total placement at which amounted to 2.9 billion lari, increasing by 3.6% year-on-year, National Bank of Georgia (NBG) reported.

    As of December 31, 2023, 14 local commercial banks, NBG and non-bank investors held treasury securities with total face value of 8.1 billion lari.


    GEORGIAN REGULATOR AGREED GAS PRICE FOR THERMAL POWER PLANTS PROVIDING PUBLIC SERVICES

    A price for natural gas has been agreed, which will be purchased in July-December by heat power plants providing public services (sources of guaranteed capacity), Georgian National Energy and Water Supply Regulating Commission reported. As the Commission said, the price makes up $210 per 1,000 cubic m (VAT exclusive).


    IN GEORGIA, TRANSITIONAL MODEL OF ELECTRICITY MARKET WILL BE IN EFFECT UNTIL JULY 2025

    On July 1, a transitional model of electricity market was enacted in Georgia, which will be in effect until July 1, 2025, Georgian National Energy and Water Supply Regulating Commission reported.

    As the Commission notes, the transition model maintains structure of the wholesale electricity market that existed before July 1, with the difference that wholesale electricity trading, in addition to direct contracts and balance electricity sales, is now possible on day ahead and daily markets, with hourly products.


    NBG: CYBER-INCIDENT RECORDED WITH THIRD PARTY IN 2023 WAS RECOGNIZED AS MOST SIGNIFICANT

    In 2023, a cyber-incident recorded with a third party was recognized as the most significant, National Bank of Georgia (NBG) says in its annual report. The report does not provide details of this incident.


    IN 2023, NUMBER OF APPLICATION TO CONSUMER PROTECTION DEPARTMENT OF NBG INCREASED BY 13%

    In 2023, consumer protection department of National Bank of Georgia (NBG) received 8,478 customer applications, National Bank of Georgia (NBG) reported. According to annual report of NBG, the number of applications is increased by about 13% compared with 2022.


    IN 2023, COST OF EXCHANGE TRANSACTIONS ON GEORGIAN STOCK EXCHANGE DECREASED 45.5 TIMES, WHILE COST OF OTC TRANSACTIONS INCREASED 59 TIMES

    In 2023, cost of transactions made during trading sessions at the Georgian Stock Exchange totaled to just 163,430 lari, while transactions fixed on the Exchange (OTC) – to 1.8 billion lari, National Bank of Georgia (NBG) reported.

    Compared to 2022, cost of exchange transactions has decreased 45.5 times, while cost of OTC transactions increased 59 times.


business

    BONDS OF “IG DEVELOPMENT GEORGIA” WITHDRAWN FROM TRADING ON GEORGIAN STOCK EXCHANGE DUE TO MATURITY EXPIRATION

    As of July 4, bonds of IG Development Georgia were withdrawn from trading due to maturity expiration, the Georgian Stock Exchange reported. The bonds were included in the Exchange’s listing of category “B” on December 12, 2022.


Note: Please login to get full access to the articles. If you are still not the Sarke's user, please register.

Exchange Rates (NBG)
  07/19/24 + / -
  USD   2.6953   0.0000
  EUR   2.9476   0.0000
  RUR   3.0614   0.0000
Get News in Brief by e-mail
Get daily News in Brief on your e-mail for free!
Announcements
Dear readers,

We are leaving for Easter holidays. We will resume our news updates on May 9.

Sincerely,

Sarke Information Agency


© 2024 Sarke Information Agency