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Daily News

August 12, 2019

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politics

    CURRENT OWNER OF “RUSTAVI-2” SELLS THE COMPANY

    Kibar Khalvashi, recognized recently as single owner of Rustavi-2, declared today his intention to sell the TV company. “Unfortunately, my financial capacity is insufficient for recovering the company from deep crisis”, he explained.


economics

    PLAN OF 6 MONTHS ON THE BUDGET REVENUES FROM PROFIT TAX IS OVER-FULFILLED, ONES OF VAT, INCOME TAX AND EXCISE ARE UNDER-FULFILLED

    Georgian Finance Ministry’s Treasury Service reported that tax revenues of the state budget, factually collected during 6 months of the year, totaled to 4.5 billion lari (100.9% of the semiannual plan).

    At that, VAT accounted for 1.85 billion lari (96.2% of the plan), income tax – 1.57 billion lari (99.3% of the plan), excise – 544.16 million lari (83.7% of the plan).


    PLAN OF 6 MONTHS ON THE BUDGET REVENUES FROM PRIVATIZATION IS OVER-FULFILLED BY 35.4%

    Georgian Finance Ministry’s Treasury Service reported that revenues of the state budget, caused by reduction of non-financial assets (privatization), totaled for 6 months of the year to 44.51 million lari (134.5% of the semiannual plan), the Service marked.

    Out of total, the state budget revenues from sale of capital assets amounted to 30.32 million lari, i.e. 121.3% of the plan.


    PRIME MINISTER: THERE IS AN OPTIMISM DUE TO LARI EXCHANGE RATE

    Georgia’s Prime Minister Mamuka Bakhtadze declared that “analysis of economy shows that all leading factors are positive, export is at quite high level, there is very good dynamics from the point of view of negative trade balance”. “Proceeding from this, naturally, there is an optimism in connection with lari exchange rate”, he told journalists.


    DEPUTY ECONOMY MINISTER: IN 6 MONTHS, PASSENGER TRAFFIC INCREASED BY 18% Y-O-Y, BUT IN 7 MONTHS – BY 12% ONLY

    Georgia’s Deputy Minister of Economy and Sustainable Development Akaki Saghirashvili reported that in 6 months of this year, all 5 airports of Georgia served in total 2.49 million passengers, whose number has increased by 18% year-on-year. However, same growth of the figure for 7 months has declined to 12% and this trend is descending, he specified.


    DEPUTY ECONOMY MINISTER: THE PROJECTS, LAUNCHED IN GEORGIA’S POWER INDUSTRY IN 2018-2019, WILL BRING INVESTMENTS OF OVER $1B

    Georgia’s Deputy Minister of Economy and Sustainable Development David Tvalabeishvili declared that the projects, launched in Georgia’s power industry in 2018-2019, will bring investments of over $1 billion.

    Tvalabeishvili said that in 2018-2019, investments in construction of energy facilities exceeded $201 million.


    RULES OF ELECTRICITY SUPPLY AND CONSUMPTION ARE AMENDED

    Georgian National Energy and Water Supply Regulating Commission declared about amendments’ entry in force, which were made in rules of supply and consumption of electricity (capacity).

    According to the Commission, terms and cost of connection of the new consumer to distribution network are changed.


society

    “TI GEORGIA”: LOCAL BUDGETS DO NOT GAIN INCOME FROM PROTECTED TERRITORIES

    TI Georgia, Georgian branch of Transparency International, declared that local budgets in Georgia do not gain income from protected territories of the country.

    The organization pointed that within consideration of new strategy for local government decentralization, the authorities must discuss redistribution of income from protected territories between central and local budgets.


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