Daily News February 16, 2021	Days:  05 15 16 17 18

economics

IN 2020, GEORGIA’S MILK PRODUCTION INCREASED BY 1.9%, MEAT – REMAINED AT THE SAME LEVEL, EGGS – DECREASED BY 2.4%

Sakstat reported that Georgia’s production of milk totaled in 2020 to 572.5 million l. If compared with 2019, the volume has increased by 1.9%.




IN 2020, GEORGIA’S EXPORT OF CATTLE DECREASED, WHILE EXPORT OF POULTRY, SHEEP AND GOATS INCREASED

Sakstat reported that Georgia’s export of cattle totaled in 2020 to 75,000 heads. If compared with 2019, the volume has decreased by 21.5%.




OVER THE NEXT 2 YEARS, IFC TO SUPPORT NBG IN WORKING OUT OF SUSTAINABLE FINANCING FRAMEWORK

National Bank of Georgia (NBG) reported that the International Finance Corporation (IFC, part of the World Bank Group) will support during the next 2 years its efforts in development of sustainable financing framework. In particular, development of sustainable financial products and management of environmental and social issues will be backed.

business

PROFIT OF “TBC BANK” DECREASED 3.2 TIMES IN 2020

Georgia’s largest TBC Bank reported net profit of 123.2 million lari for 2020. According to just released quarterly report of the bank, the volume has reduced 3.2 times, if compared with 2019.




IN 2020, PROFIT OF “SAKARTVELOS BANKI” REDUCED 6.8 TIMES

Georgia’s second biggest Sakartvelos Banki (Bank of Georgia) reported net profit of 57.1 million lari for 2020. According to just released quarterly report of the bank, the volume has reduced 6.8 times, if compared with 2019.




“LIBERTY BANK” FINISHED THE YEAR 2020 WITH LOSSES

Liberty Bank reported net loss of 15.2 million lari for 2020. According to just released quarterly report of the bank, it had profit of 26.8 million lari in 2019.




IN 2020, PROFIT OF “PROCREDIT BANK” REDUCED 6.5 TIMES

ProCredit Bank reported net profit of 3.5 million lari for 2020. According to just released quarterly report of the bank, the volume has reduced 6.5 times, if compared with 2019.

society

OPPONENTS OF HYDRO PLANT’S CONSTRUCTION IN RACHA-LECHKHUMI SUBMITTED PETITION TO THE PARLIAMENT

At the meeting today, Georgian Parliament’s Committee on Branch Economy and Economic Policy considered a petition, submitted by 10,135 citizens in connection with construction of large hydroelectric power plants in Racha-Lechkhumi region.

As the Parliament reported, the petition claim that planned construction of OniHES and NamakhvaniHES series of hydroelectric stations in Racha-Lechkhumi will endanger not only nature of Rioni River gorge, but also residents of the region and even of Kutaisi.