Daily News November 14, 2022	Days:  10 11 14 15 16

politics

IDFI: 77% OF WEBSITES, BLOCKED IN GEORGIA IN 2017-2022, HAVE COPYRIGHT VIOLATING CONTENT

The Institute for Development of Freedom of Information (IDFI) reported that 77% of websites, blocked in Georgia in 2017-2022, have content that violates copyright regulations. Besides, 16.5% have content that violate other Georgian legislation and 6.5% are pornography, the organization noted.

economics

IN Q3, NON-RESIDENTS’ ENTRY IN GEORGIA INCREASED IN NUMBER 2.8 TIMES Y-O-Y

Sakstat reported that in the 3^rd quarter, 2.3 million non-resident international travelers entered the territory of Georgia. If compared with the same period of 2021, the number has increased 2.8 times.




“TBC CAPITAL” IMPROVED ITS FORECAST FOR LARI EXCHANGE RATE

We are improving our forecast of lari/dollar exchange rate by the end of this year from about 2.8 GEL/USD to 2.7 GEL/USD, says weekly review published by TBC Capital today.

At that, next year, presumably, taking into account the relative weakening of Russian ruble and low inflation in Georgia, the base scenario seems to be a weakening of lari to a small extent, TBC Capital points.




FINANCE MINISTER: IT COULD BE EASILY SEEN FROM THE DRAFT BUDGET THAT ESTONIAN MODEL OF PROFIT TAX WILL NOT APPLY TO FINANCIAL SECTOR IN 2023

Georgia’s Finance Minister Lasha Khutsishvili confirms that Estonian model of profit tax will not apply to financial sector of Georgia in 2023.

The Minister declared about this after the Georgian government meeting today and noted that “it was easy to see this” from the submitted draft state budget for 2023.




GEORGIAN GOVERNMENT: IT IS IMPORTANT TO ACCELERATE CONSTRUCTION OF “NENSKRAHES”

Today Georgia’s Prime Minister Irakli Garibashvili met in Tbilisi with the leadership of Korean K-Water, investor of the NenskraHES project.

As administration of Georgian government reported, the parties indicated importance of acceleration of construction of the hydroelectric power plant and timely completion of the project.




FINANCE MINISTER: IN CASE OF LARGE HESES, MINORITY FINANCIAL PARTICIPATION OF THE STATE IN THE PROJECT IS POSSIBLE

Georgia’s Finance Minister Lasha Khutsishvili declared that if an investor fails to complete a large hydroelectric power plant project, the state is considering the possibility of participating in this project.

The Minister declared this after the Georgian government meeting today, stressing that “there cannot be talks about participation in a large volume”.




WITHIN THE FRAMEWORK OF ENPARD IV, $3.4M IS ALLOCATED FOR FOOD SAFETY IN GEORGIA

Within the framework of the 4^th phase of European Neighborhood Program for Agriculture and Rural Development (ENPARD IV), the Swedish International Development Cooperation Agency (SIDA) will render financial support of $3.4 million to Georgia.

The funds are intended to ensure food safety, sanitary and phytosanitary measures, reported Georgian Ministry of Environmental Protection and Agriculture.

business

“TAV GEORGIA” PURCHASED AIRPORT EQUIPMENT WORTH 3M LARI

An investment of 3 million lari has been made to purchase new equipment for Tbilisi and Batumi airports, reported TAV Georgia (operator of both airports).

TAV Georgia specified that equipment has been purchased for land services on the platform, in particular, a bus for passenger transportation, etc.