NBG LEFT REFINANCING RATE UNCHANGED AGAIN
National Bank of Georgia (NBG) reported that Monetary Policy Committee has decided today to maintain refinancing rate unchanged. Accordingly, the rate makes up 6.75% again.
NBG: FACTORS IDENTIFIED, AFFECTING INFLATION FORECAST IN BOTH DIRECTIONS
National Bank of Georgia (NBG) said that according to latest information, the factors have been identified, which affect inflation in both directions.
“On the one hand, factual rate of inflation is higher, than was forecasted, which may create additional pressure on inflationary expectations”, NBG pointed.
“SOCIETY AND BANKS”: RECENT STRENGTHENING OF EXCHANGE RATE WILL REDUCE PRESSURE ON INFLATION RATE
Non-governmental organization Society and Banks points that recent strengthening of national currency will ease pressure on the current rate of inflation, which was mostly conditioned by raise of excise rates.
Slight fluctuation of refinancing rate will not affect negatively availability of lari resources and will act as factor, supporting reduction of dollarization, the organization states.
AGREEMENT ON RAILWAY-FERRY COMMUNICATION BETWEEN GEORGIA AND UKRAINE PORTS APPROVED
The government approved agreement on international railway-ferry communication between Georgia and Ukraine seaports. The document was signed on September 13, 2016.
COASTLINE PITCHING IS UNDERWAY IN KOBULETI
Roads Department reported about coastline reinforcement works, being underway in Kobuleti (Ajara). As the Department said, the project worth 2.27 million lari is financed from the state budget.
AJARA GOVERNMENT: FIRST RUGBY BASE BUILT IN BATUMI THROUGH CO-FINANCING OF FUND “CARTU”
Government of Ajara reported that the first rugby-training base has been built at Leonidze Street in Batumi through co-financing of Cartu fund. The fund, established by billionaire ex-premier Bidzina Ivanishvili, will hand over the base to the City Hall on March 8.
0.0009
