Daily News August 7, 2018	Days:  03 06 07 08 09

politics

PRIME MINISTER: TODAY, MORE THAN EVER, IT IS IMPORTANT THAT RUSSIA TO GET CLEAR MESSAGE THAT THE WORLD WILL NOT RECONCILE WITH ATTEMPTS OF VIOLENT CHANGE OF SOVEREIGN BORDERS

Georgia’s Prime Minister Mamuka Bakhtadze declared that “firm and consolidated position of international community is important today more than ever, in order that Russian Federation to get clear message that the world will not reconcile with attempts of unilateral violent change of sovereign borders”. He said the mentioned, while addressing today to a round table meeting “For lasting Peace and Security 10 years since the Russia-Georgia war 2008”.




EU HIGH REPRESENTATIVE: THE EU’S COMMITMENT TO A PEACEFUL RESOLUTION OF THE CONFLICTS IN GEORGIA REMAINS AS STRONG AS EVER

The EU’s “commitment to a peaceful resolution of the conflicts in Georgia remains as strong as ever”, the EU High Representative Federica Mogherini said in the statement, issued on behalf of the EU in connection with 10^th anniversary of war between Russia and Georgia.

The EU “reiterates its firm support to the sovereignty and territorial integrity of Georgia within its internationally recognized borders”, Mogherini declared.

economics

DRAFTS REGULATIONS OF CREDIT INFORMATION BUREAUS’ ACTIVITY ARE PUBLISHED

National Bank of Georgia (NBG) published today draft rule of credit information bureau’s registration, cancellation of registration and regulation and draft rule of credit information bureau’s provision of information, its registration in the database and availability. Remarks on the draft could be submitted through August 21.




NBG: IN Q2, YIELD RATES ON STATE SECURITIES HAD DECLINING TENDENCY

National Bank of Georgia (NBG) said that yield rates on the state securities in the 2^nd quarter had declining tendency.

As NBG explained, that was basically caused by reduction of liquidity risks and expectation of monetary policy rate’s decrease in the medium-term period.




NBG: IN Q2, CREDIT ACTIVITY DID NOT CHANGE CONSIDERABLY IN COMPARISON WITH PREVIOUS QUARTER

National Bank of Georgia (NBG) said that in comparison with the previous quarter, credit activity did not change considerably in the 2^nd quarter of this year.

Excluding effects of exchange rate and transformation of one of the microfinancial organizations into bank, year-on-year growth of the loan portfolio in June made up 18.5%, NBG specified.




NBG: IN Q2, INTEREST TERMS OF CREDITING DID NOT CHANGE CONSIDERABLY IN COMPARISON WITH PREVIOUS QUARTER

Research of credit conditions show that in the 2^nd quarter of the year, interest terms of crediting of legal entities and individuals did not change considerably in comparison with the 1^st quarter, National Bank of Georgia (NBG) said.

Interest margin on credits, issued in foreign currency with fixed interest rates, has increased slightly, which was caused by expected growth of LIBOR, NBG noted.




NBG: INTEREST RATES DID NOT CHANGE ON DEPOSITS, PLACED IN NATIONAL CURRENCY, WHILE INCREASED ON DEPOSITS IN FOREIGN CURRENCY

In June, in comparison with March, interest rates on deposits, placed in national currency, did not change and still make up 7.3% on average, National Bank of Georgia (NBG) said.

Instead, interest rates on deposits, placed in foreign currency, increased by 0.1 percentage points and made up 2.5%.




TASTING OF GEORGIAN WINE HELD IN SINGAPORE AND SOUTH KOREA

Georgian National Wine Agency reported that its contractor company, Meiburg Wine Media, has organized tasting of Georgian wine in Singapore and South Korea. As the Agency noted, production of 10 Georgian winemaking companies was presented at the tastings.