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Daily News

February 9, 2018

Previous Issues:  Days: < 07 08 09 12 13 > 

 

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politics

    FINANCE MINISTER: JOINT DOCUMENT HAS BEEN DEVELOPED FOR IMPROVEMENT OF TRADE RELATIONS WITH THE UK

    Today, Georgia’s Finance Minister Mamuka Bakhtadze met Mark Pritchard, the UK Prime Minister’s special envoy for trade and investments in Georgia.

    As the Finance Ministry said, the parties discussed issues of deepening of trade and economic relations.


    THE PREMIER: THE GOVERNMENT PLANS TO TOUGHEN MEASURES FOR OVERCOMING CHALLENGES, CONNECTED WITH THE EU VISA WAIVER

    Georgian government plans to toughen measures in order to overcome challenges, connected with the EU visa waiver, Prime Minister Giorgi Kvirikashvili declared at the extraordinary meeting with members of the cabinet today.

    At the meeting, the government considered steps, planned for near future for avoidance of further growth in number of Georgian applicants for the EU asylum, which could cause obstacles in visa liberalization, administration of the government reported.


    NON-GOVERNMENTAL ORGANIZATIONS OFFER REFORM PLAN FOR “PUBLIC BROADCASTER”

    Today, non-governmental organizations released the statement with demand of changes in Public Broadcaster.

    The statement, which is signed by 73 organizations and individuals, points that public trust to Public Broadcaster is on critically low level, whereas citizens pay annually in its financing from the state budget the sum, which grows more and more.


economics

    NBG: RATIO OF INVESTMENTS TO GDP DECREASED IN THREE QUARTERS OF 2017 BY 3.2 PP, OF SAVINGS – INCREASED BY 2.6 PP

    As of three quarters of 2017, ratio of investments to GDP made up 29.5%, National Bank of Georgia (NBG) said in its monetary policy report. If compared with the same period of 2016, the ratio has decreased by 3.2 percentage points (pp), NBG noted.


    NBG: IN Q4 OF 2017, NOMINAL EXCHANGE RATE OF LARI TOWARD THE US DOLLAR DEPRECIATED BY 7.1%, TOWARD EURO – BY 7.4%

    In the 4th quarter of 2017, nominal exchange rate of lari toward the US dollar depreciated by 7.1% in comparison with the previous quarter, National Bank of Georgia (NBG) reported. In turn, the rate toward euro depreciated by 7.4%.


    GEORGIA’S DEBT TO KAZAKHSTAN IS SUBJECTED TO SECOND RESTRUCTURING

    According to agreement, reached by Georgian and Kazakh sides, Georgia’s debt to Kazakhstan is subjected to second restructuring.

    As of January 1, 2017, volume of debt, which is subject to restructuring, made up $25.48 million.


    FIELD WORKS ON CREATION OF NATIONAL NAVIGATION SYSTEM TO START IN KUTAISI

    Within the project of creation of national navigation system, field works to start in Kutaisi, National Agency of Public Register declared. Field operators will describe all geographical data of public importance, the Agency said.


business

    IDFI INDICATES POSSIBLE COLLUSION AT THE TENDER ON REHABILITATION OF TBILISI SUBWAY STATION “AKHMETELI THEATRE”

    Institute for Development of Freedom of Information (IDFI) points at possible collusion at the tender on rehabilitation of Tbilisi subway station Akhmeteli Theatre.

    The organization reports that 2 companies (Kvarelremmsheni (Kvareli Repairer-Builder) and Dam took part in the tender.


    IN Q4 OF 2017, PROFIT OF “PROCREDIT BANK” DECREASED BY 38.63% Y-O-Y

    ProCredit Bank reported net profit of 20.06 million lari for the 4th quarter of 2017. If compared with the same period of 2016, the volume has decreased by 38.63%.


    “FINCA BANK” REPORTED PROFIT FOR Q4 OF 2017

    FINCA Bank reported net profit of 2.16 million lari for the 4th quarter of 2017. In the same period of 2016, the bank had loss of 349,680 lari.


    COMMUNICATION COMMISSION FINED “IMEDI”, “RUSTAVI-2” AND “IBERIA TV”

    National Communication Commission declared about fining of broadcasting companies Imedi, Rustavi-2 and Iberia TV because of violation of law “On Broadcasting”.

    The companies had violated guiding recommendations on indication of sponsors, in particular, direct appeals on acquisition and consumption of goods and services took place in their programs, the Commission explained.


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Exchange Rates (NBG)
  11/09/18 + / -
  USD   2.7146   0.0359
  EUR   3.0800   0.0605
  RUR   4.0430   0.1003
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