Daily News October 10, 2018	Days:  08 09 10 11 12

economics

AS OF SEPTEMBER 30, OFFICIAL RESERVE ASSETS OF NBG INCREASED BY 4.2% Y-O-Y

National Bank of Georgia (NBG) reported that its official reserve assets totaled as of September 30 to $3.15 billion. The volume has increased by 4.9% quarter-on-quarter and by 4.2% year-on-year.




IN Q3, TREASURY SECURITIES OF 415M LARI WERE ISSUED

Georgian Finance Ministry reported that in the 3^rd quarter, treasury bills and treasury bonds of 415 million lari were issued. The volume did not change quarter-on-quarter, while increased by 6.4% year-on-year.




AS OF SEPTEMBER 30, VOLUME OF GOVERNMENTAL SECURITIES IN COMMERCIAL BANKS’ OWNERSHIP INCREASED BY 17.9% Y-O-Y

National Bank of Georgia (NBG) reported that as of September 30, commercial banks held governmental securities, emitted in national currency, totaling to 2.62 billion lari. The volume has increased by 8.6% quarter-on-quarter and by 17.9% year-on-year.




FINANCE MINISTRY: IFC PLANS TO INCREASE CREDITING IN LARI

Georgian Finance Ministry declared that International Finance Corporation (IFC, the World Bank (WB) group member) “plans to strengthen crediting in lari” with aim to support of larization process.

As the Ministry noted, that became known at the meeting of the Minister Ivane Machavariani with IFC vice-president Georgina Baker.




IN 9 MONTHS, NATIONAL SUBSOIL AGENCY BROUGHT 50.7M LARI TO THE BUDGET

Georgian National Subsoil Agency declared that from auctions on subsoil development, held in 9 months of this year, central and local budgets of the country have gained 50.7 million lari. In total, 759 electronic auctions were announced during the reporting period.




AT THE BEGINNING OF NEXT YEAR, GEORGIA TO HOST DELEGATION OF GERMAN BUSINESSMEN

Delegation of German businessmen, led by representatives of Federal Ministry of Economics and Technology, will visit Georgia in the 1^st quarter of 2019, Georgian Ministry of Economy and Sustainable Development declared.

The Ministry noted that the visit will be held within the decision, made during August visit to Georgia of German chancellor Angela Merkel.

business

CHINESE COMPANY APPEARED THE ONLY APPLICANT FOR THE SECOND STAGE OF INVESTOR SELECTION FOR LOGISTIC CENTERS IN TBILISI AND KUTAISI

Georgian Ministry of Economy and Sustainable Development reported that for the second stage of selection of investor for projects of construction of logistic centers in Tbilisi and Kutaisi, application was submitted by only one of the short-listed candidates. The matter concerns China Construction Seventh Engineering Division Corp.




CITRUSES HARVEST IN AJARA IS EXPECTED TO MAKE UP TO 55,000 T

Ajara Ministry of Agriculture reported that according to preliminary data, harvest of citruses in this year is expected to make up 50,000-55,000 t.

Tangerines, intended for export, are packed by 30 citruses sorting enterprises, which total capacity exceeds 30,000 t, the Ministry noted.




“SILK ROAD BANK” PLANS TO PUT SUBORDINATED CREDIT IN CAPITAL

Silk Road Bank declared about plan of putting subordinated credit in the capital. The subject will be considered at extraordinary general meeting of shareholders.