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Daily News

September 9, 2019

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politics

    THE PARLIAMENT APPROVED RENEWED COMPOSITION OF THE GOVERNMENT

    At the plenary session on September 8, Georgian Parliament voted confidence to renewed composition of the government and its program for 2019-2020, approving them with 98 votes pro (opposition boycotted the voting).

    In comparison with the previous composition (resigned after step-down of previous Prime Minister Mamuka Bakhtadze), the following changes were made: the Premier became Giorgi Gakharia, who was substituted on the post of the Interior Minister by Vakhtang Gomelauri (chief of State Security Service until that), while office of the Defense Minister is occupied by Irakli Garibashvili.


    CIVIL ORGANIZATIONS EXPRESS CONCERN BECAUSE OF CURRENT EVENTS IN GEORGIA

    Georgian non-governmental organizations addressed to international community with the open letter, offering to pay attention to “the dire state of affairs in terms of the democratic backsliding and state capture”.

    “We are alarmed by the recent developments in Georgia, which have been hallmarked by the utmost concentration of power in the hands of the ruling political party, thus dangerously undermining the balance of power and the viability of institutions”, reads the letter, published today.


economics

    IN Q2, VOLUME OF FDI DECREASED BY 53.7% Y-O-Y

    Sakstat released estimation for the 2nd quarter, according to which volume of foreign direct investments (FDI) in Georgia amounted in the reporting period to $187 million. If compared with estimation for the same period of 2018, the volume has decreased by 53.7%.


    IN Q2, NETHERLANDS LED IN TERMS OF FDI IN GEORGIA

    Sakstat released estimation for the 2nd quarter, which says that in total volume of foreign direct investments (FDI) in Georgia in the reporting period ($187 million), the Netherlands accounted for 31.1%. FDI from this country amounted to $58.1 million, reducing year-on-year by 23.4%.


    IN Q2, LARGEST FDI WERE MADE IN ENERGY

    Sakstat released estimation for the 2nd quarter, which says that in total volume of foreign direct investments (FDI) in Georgia in the reporting period ($187 million), energy sector accounted for 34%. FDI in this sector amounted to $63.7 million, reducing year-on-year by 37.5%.


    NBG CANCELLED REGISTRATION OF 83 CURRENCY EXCHANGE POINTS IN AJARA

    National Bank of Georgia (NBG) declared about cancellation of registration of 83 currency exchange points, held within the carried-out checks in Ajara. On more 77 points, penalties were imposed, NBG said.


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Exchange Rates (NBG)
  09/20/19 + / -
  USD   2.9759   0.0021
  EUR   3.2860   0.0042
  RUR   4.6659   0.0253
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