Daily News March 7, 2023	Days:  02 06 07 09 10

politics

LEVAN IOSELIANI HAS BEEN APPROVED AS GEORGIA’S PUBLIC DEFENDER

At the plenary session today, the Georgian Parliament approved Levan Ioseliani’s candidacy for the post of Public Defender by 96 votes “pro”.

Ioseliani, born in 1978, is graduated from the Faculty of Law of Tbilisi State University and holds master’s degree from Chicago-Kent School of Law.

economics

“GALT&TAGGART”: REGARDING GEORGIA’S GDP GROWTH, PROBABILITY OF OUR OPTIMISTIC SCENARIO HAS INCREASED

Referring to January data, weekly review of Galt&Taggart says that probability of fulfillment of their optimistic scenario has increased, implying growth of Georgia’s GDP in 2023 by 6.9%.

Baseline forecast of Galt&Taggart sees Georgia’s economic growth in 2023 by 4.8%.




“TBC CAPITAL” INDICATES STRONG CURRENCY INFLOWS, BUT DOES NOT EXPECT STRENGTHENING OF LARI

At the beginning of this year, foreign exchange inflows were strong, but strengthening of lari is not expected, TBC Capital says in its weekly review. Moreover, the company indicates that in terms of lari real effective exchange rate, “our estimates point to some overvaluation”.




NBG: DECREASE IN INFLATION IS LARGELY DUE TO DECLINE OF IMPORTED INFLATION

Decrease of inflation in Georgia is largely due to decrease in imported inflation, National Bank of Georgia (NBG) says in its monthly review.

Namely, annual inflation in February made up 8.1%, while monthly inflation (i.e. compared to January) was negative (deflation), making up 0.3%.




IN 2022, CARGO HANDLED IN GEORGIAN PORTS INCREASED BY 12.7%, PROCESSED CONTAINERS – BY 18.9%

Georgian Ministry of Economy and Sustainable Development reported that in 2022, Georgian seaports handled 12.4 million t of cargo. If compared with 2021, the volume has increased by 12.7%.




IN 2022, POTI PORT INCREASED CARGO HANDLING BY 8.5%, BATUMI PORT – BY 20.5%

Georgian Ministry of Economy and Sustainable Development reported that in 2022, Poti port handled 7.7 million t of cargo. If compared with 2021, the volume has increased by 8.5%.




NEW IRRIGATION TARIFFS TO BE ESTABLISHED IN GEORGIA

Giga Nadiradze, director of the water supply department at Georgian National Energy and Water Supply Regulating Commission, declared that a new tariff methodology will be developed in the field of irrigation. The new tariffs will be set by the end of 2023, he told journalists, noting that current tariffs have not been revised over the past 12 years.

business

REPRESENTATIVES OF “LION’S HEAD GLOBAL PARTNERS” GOT ACQUAINTED WITH GEORGIA’S INVESTMENT ENVIRONMENT

A meeting with representatives of British investment bank Lion’s Head Global Partners was held today at Georgian Finance Ministry.

As the Ministry said, Minister Lasha Khutsishvili provided the guests with information about the investment environment in the country.