Daily News June 8, 2022	Days:  06 07 08 09 10

politics

KAKHA GULEDANI TO BECOME TBILISI VICE-MAYOR

Kakha Guledani, who was in charge of Tbilisi Municipal Inspection until now, will become vice-mayor of Tbilisi, Tbilisi Mayor Kakha Kaladze declared at the city government meeting today. Guledani will oversee the fields, which were under supervision of recently deceased Ilia Eloshvili, he noted.




DIRECTOR GENERAL CHANGED IN “GEORGIAN OIL AND GAS CORPORATION”

State-owned JSC Georgian Oil and Gas Corporation declared that its director general became Giorgi Chikovani, who replaced Giorgi Bakhtadze at this post.

Chikovani, born in 1977, headed Georgian Energy Development Fund until now.

economics

WB FORECAST: IN 2022 AND 2023, GEORGIA’S ECONOMY WILL GROW BY 5.5% ANNUALLY

Forecast, published by the World Bank (WB) on June 7, says that Georgia’s GDP growth in 2022 will make up 5.5%. A similar growth rate is projected for 2023.




NBG: REPRESENTATIVES OF THE BANKING SECTOR DO NOT EXPECT SIGNIFICANT CHANGES IN COST OF FINANCIAL RESOURCES IN Q2

National Bank of Georgia (NBG) reported that representatives of the local banking sector do not expect significant changes in cost of financial resources in the 2^nd quarter.

NBG indicated that in March this year, compared with December last year, yield rates on deposits, placed in the national currency, slightly increased and made up 10.6%.




AS OF MARCH 31, LEGAL ENTITIES’ DEPOSITS PLACED IN FOREIGN CURRENCY DECREASED BY 2% Y-O-Y

National Bank of Georgia reported that deposits, placed by legal entities in Georgian banks in foreign currency, totaled as of March 31 to equivalent of 8.27 billion lari. If compared with the same period of 2021, the volume has decreased by 2%.




AS OF MARCH 31, LEGAL ENTITIES’ DEPOSITS PLACED IN NATIONAL CURRENCY INCREASED BY 8.1% Y-O-Y

National Bank of Georgia reported that deposits, placed by legal entities in Georgian commercial banks in national currency, totaled as of March 31 to 10.24 billion lari. If compared with the same period of 2021, the volume has increased by 8.1%.




AS OF MARCH 31, INDIVIDUALS’ DEPOSITS PLACED IN FOREIGN CURRENCY INCREASED BY 3.2% Y-O-Y

National Bank of Georgia reported that deposits, placed by private individuals in Georgian banks in foreign currency, totaled as of March 31 to equivalent of 14.87 billion lari. If compared with the same period of 2021, the volume has increased by 3.2%.




AS OF MARCH 31, INDIVIDUALS’ DEPOSITS PLACED IN NATIONAL CURRENCY INCREASED BY 16.6% Y-O-Y

National Bank of Georgia reported that deposits, placed by private individuals in Georgian banks in national currency, totaled as of March 31 to 5.33 billion lari. If compared with the same period of 2021, the volume has increased by 16.6%.