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Daily News

August 8, 2019

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politics

    GRASS: START OF OPERATION BY ANAKLIA PORT NEARBY TO THE LINE OF OCCUPATION WOULD BE THE AUTHORITY’S BEST RESPONSE AGAINST RUSSIAN POLICY OF OCCUPATION AND ANNEXATION

    In connection with the 11th anniversary of start of Russian-Georgian war, the Georgian Reforms Association (GRASS) published article devoted to Anaklia port. “Start of operation by Anaklia deep-water port nearby to line of occupation would be the best answer and legacy of the Georgian Dream government against the Russian policy of occupation and annexation”, GRASS declares.


economics

    IN 6 MONTHS, VOLUME OF FREIGHTS, PROCESSED BY GEORGIAN TRANSPORT SPHERE, INCREASED BY 1.1% Y-O-Y, NUMBERS OF TRANSPORTED PASSENGERS – BY 2.9%

    Georgian Ministry of Economy and Sustainable Development reported that volume of freights, transported in 6 months by transport sphere of the country, made up 18.2 million t. If compared with the same period of 2018, the volume has increased by 1.1%.


    IN 6 MONTHS, FREIGHT TURNOVER IN GEORGIAN SEAPORTS INCREASED BY 2.5% Y-O-Y, WHILE TEU TURNOVER – BY 32.1%

    Georgian Ministry of Economy and Sustainable Development reported that volume of freights, processed in 6 months in seaports and terminals of the country, made up 8.1 million t. If compared with the same period of 2018, the volume has increased by 2.5%.


    AS OF JULY 1, LONG-TERM CONSUMER LOANS INCREASED BY 16.1% Y-O-Y

    National Bank of Georgia reported that long-term consumer loans, issued by Georgian banks, totaled as of October 1 to 3.65 billion lari. The volume has increased by 2.3% quarter-on-quarter and by 16.1% year-on-year.


    AS OF JULY 1, SHORT-TERM CONSUMER LOANS DECREASED BY 63.4% Y-O-Y

    National Bank of Georgia reported that short-term consumer loans, issued by Georgian banks, totaled as of October 1 to 235.35 million lari. The volume has decreased by 21% quarter-on-quarter and by 63.4% year-on-year.


business

    REHABILITATION OF WATER SUPPLY NETWORK ON TBILISI’S CHAVCHAVADZE AVENUE PASSED TO ITS THIRD STAGE

    Rehabilitation of system of water supply and sewerage on Chavchavadze Avenue passed to the third stage, within which pipes with total length of 2.6 km will be replaced, GWP (Tbilisi company of water supply and sewerage) reported.

    According to the company, works worth 3.8 million lari will come to the end at the beginning of September.


    IFC ALLOCATED LONG-TERM CREDIT OF 100M LARI TO “SAKARTVELOS BANKI”

    Today, International Finance Corporation (IFC, member of the World Bank Group) declared about allocation of 100 million lari (about $35 million) to Sakartvelos Banki (Bank of Georgia). The long-term credit, denominated in local currency, is intended for smaller businesses and women entrepreneurs (the latter category can account for a quarter of total sum).


    THE STATE SELLS LLC “MARINE TECHSERVICE” FOR 2.28M LARI

    Georgian National Agency of State Property reported that the state stake of 100% in LLC Marine Techservice is put on electronic auction for 2.28 million lari.

    As of January 1, assets of the enterprise made up 1.79 million lari, own capital – 1.76 million lari, while liabilities – 27,768 lari.


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