Daily News February 6, 2023	Days:  02 03 06 07 08

economics

IN JANUARY, GEORGIA’S ANNUAL INFLATION MADE UP 9.4%

Sakstat reported that in January, annual inflation in Georgia made up 9.4% (against of a 3% target). Monthly inflation (i.e. compared with the previous month, December 2022), made up 0.8%.




IN 2022, GEORGIAN BANKS’ CREDITING OF NATIONAL ECONOMY DECREASED BY 0.3%

National Bank of Georgia (NBG) reported that loans, issued by Georgian banks to various sectors of national economy, totaled as of December 31, 2022 to 20.57 billion lari. If compared with the same period of 2021, the volume has decreased by 0.3%.




IN 2022, GEORGIAN BANKS’ CREDITING OF TBILISI INCREASED BY 2.5%

National Bank of Georgia (NBG) reported that in total volume of credits, issued by Georgian banks to the country’s regions as of December 31, 2022 (45.19 billion lari), Tbilisi accounts for 71.3%, or 32.24 billion lari (year-on-year growth – 2.5%). A year ago (i.e. as of December 31, 2021), the share made up 73%.




GEORGIAN PREMIER: SUCH HIGH SURCHARGES IN THE AREAS OF OIL-PRODUCTS IMPORT AND FOOD REALIZATION ARE UNACCEPTABLE

“Oil importers are still operating with high profits, which is unacceptable”, declared Georgia’s Prime Minister Irakli Garibashvili. “One liter of petrol may not have a markup of almost 1 lari”, he pointed.




GEORGIAN PREMIER: WE WANT TO START CONSTRUCTION OF ANAKLIA PORT ALREADY THIS YEAR

We want to start construction of the Anaklia port already this year, declared Georgia’s Prime Minister Irakli Garibashvili at the government meeting today. Implementation of this and other major projects is planned with participation of the government, he noted.




GEORGIAN PREMIER: WE ARE WORKING ON MODIFICATION OF “KHUDONHES” PROJECT

We are working on modification of the KhudonHES project, declared Georgia’s Prime Minister Irakli Garibashvili at the government meeting today.

The existing project envisages flooding of the village, graves, church, the Premier noted, pointing that the project modification should exclude necessity of flooding.




IN 2023, VINEYARD CADASTER SHOULD COVER ALL WINEGROWING REGIONS OF GEORGIA

In 2023, the program of creation of vineyards’ cadaster will be implemented in Imereti, Samegrelo and Guria regions, Georgian National Wine Agency reported. As a result, the cadaster will fully cover all winegrowing regions of Georgia, the Agency noted.

business

A 5-STAR HOTEL OPENED IN GORI THROUGH INVESTMENT OF 20M LARI

With assistance of the hotel industry development component of the state program “Produce in Georgia”, a 5-star hotel Gori Inn was officially opened today in Gori (Shida Kartli region).

As Georgian Ministry of Economy and Sustainable Development reported, investments in the hotel exceeded 20 million lari.