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Daily News

May 11, 2022

Previous Issues:  Days: < 06 10 11 13 16 > 

 

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politics

    ECONOMY MINISTER: SINCE 1997, DIRECT INVESTMENTS FROM THE US IN GEORGIA EXCEED $1.8B, BUT THERE IS GREATER POTENTIAL

    Levan Davitashvili, Georgia’s Minister of Economy and Sustainable Development, declared that since 1997, direct investments from the US in Georgia exceed $1.8 billion, but there is a greater potential.

    Davitashvili declared this at a meeting with Judith Pryor, vice president of the US Export-Import Bank, which held during his visit to the US, the Economy Ministry reported.


    ADMINISTRATION OF GEORGIAN GOVERNMENT HAS NEW HEAD

    The Georgian government reported about appointment of Revaz Javelidze as new head of administration. Until now, he was deputy head of the administration and parliamentary secretary of the government.


economics

    “TBC CAPITAL”: BY THE END OF THE YEAR, INFLATION WILL BE ABOUT 9.5%

    In Georgia, inflation remains a challenge, and expectations for the end of the year are about 9.5%, TBC Capital pointed. At that, it is noted that in the following quarters, monthly inflation is expected to approach the target (3%).


    NBG LEFT MONETARY POLICY RATE INTACT

    National Bank of Georgia (NBG) reported that its Monetary Policy Committee decided today to keep the refinancing rate intact. Accordingly, monetary policy rate remains 11%.


    GEORGIA TO RETAIN 0% ACCRUAL ON RESERVE REQUIREMENTS FOR FUNDS, ATTRACTED IN USD

    Despite the increase of interest rate by the US Federal Reserve System, accrual on reserve requirements for funds, attracted in the US dollars, will remain 0% in Georgia, National Bank of Georgia (NBG) reported. The corresponding decision was made at today’s meeting of NBG’s Monetary Policy Committee.


    HEALTHCARE MINISTER: OUT-OF-POCKET PAYMENTS OF POPULATION DECREASED FROM 73.4% IN 2012 TO 43.5% IN 2021

    While speaking in the Georgian Parliament today, Zurab Azarashvili, Georgia’s Minister of IDPs from Occupied Territories, Labor, Healthcare and Social Protection declared that out-of-pocket healthcare payments of the population have decreased in Georgia from 73.4% in 2021 to 43.5% in 2021.

    Azarashvili indicated that as of today, 94.7% of the country’s population is included in the universal healthcare program.


    DIGITALIZATION STRATEGY TO BE DEVELOPED FOR GEORGIAN NATIONAL ENERGY AND WATER SUPPLY REGULATING COMMISSION

    Georgian National Energy and Water Supply Regulating Commission announced development of a digitalization strategy. This is envisaged by the fifth in the row program of the EU-funded Twinning (cooperation between peer European and Georgian public services).


business

    ARRANGEMENT OF 3 CATERING FACILITIES AT TBILISI AND BATUMI AIRPORTS COST 1M EUR

    In arrangement of 3 catering facilities at Tbilisi and Batumi airports, 1 million EUR were invested, reported TAV Airports (operator of the airports). The facilities are being arranged by BTA, a subsidiary of TAV Airports.


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Exchange Rates (NBG)
  05/20/22 + / -
  USD   2.9036   0.0226
  EUR   3.0738   0.0051
  RUR   4.7604   0.0502
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