Daily News December 19, 2018	Days:  17 18 19 20 21

economics

“SAKSTAT” DECREASED ESTIMATED GDP GROWTH FOR 9 MONTHS BY 0.1%

Sakstat released estimation, according to which Georgia’s average real GDP growth for 9 months of this year made up 4.8%. To remind, according to October estimation, average growth rate made up 4.9%.




IN TOTAL ENERGY CONSUMPTION FOR 2017, NATURAL GAS ACCOUNTED FOR 33.1%, ELECTRIC POWER – FOR 22.1%

In total consumption of energy resources for 2017, share of natural gas made up 33.1%, Sakstat declared. Oil-products accounted for 29.7%, while electric power – for 22.1%.




IN 2017, ELECTRICITY GENERATION DECREASED BY 0.4%, CONSUMPTION INCREASED BY 6.9%

In 2017, electricity generation in Georgia decreased by 0.4% and made up 11.53 billion kWh, Sakstat reported. This decrease is generally caused by declined water inflow, Georgian statistics service explained.




IN 2017, EXTRACTION OF OIL AND COAL DECREASED, OF NATURAL GAS – INCREASED

During 2017, Georgia extracted 32,000 t of crude oil, decreasing the volume by 17.1% year-on-year, Sakstat reported.

Coal mining also decreased (by 9.6% year-on-year), making up 268,100 t.




NBG BOUGHT $15M

National Bank of Georgia (NBG) declared about purchase of $15 million at the currency auction today. Average weighted rate made up 2.6648 GEL/USD.




NBG PUBLISHED DRAFT AMENDMENTS TO CUSTOMER PROTECTION RULE

National Bank of Georgia (NBG) published draft of amendments to rule of protection of financial organizations’ customers.

As NBG pointed, the draft provides balancing of unfair conditions between the parties of contractual relations.




NBG INTRODUCED PLATFORM FOR METADATA VISUALIZATION AND ANALYSIS

National Bank of Georgia (NBG) introduced a platform for metadata visualization and analysis (Business Intelligence, BI). Presentation of the project was held in Tbilisi Technopark (Okrokana) today.




IN AJARA, AGREEMENT ON ENPARD-3 IS SIGNED

Agreement on ENPARD-3 (the 3^rd stage of the EU Neighborhood Program for Agriculture and Rural Development) was signed in Ajara on December 18.

Within ENPARD-3, financing of the project worth 10 million EUR is envisaged.

business

PARTNERSHIP FUND: REPRESENTATIVE OF “SOCIETE GENERALE” BECAME INTERESTED IN OUR PROJECTS

Georgian Partnership Fund declared that Ali Ahmadov, regional business development manager at French banking group Societe Generale, became interested in large projects of the Fund and expressed desire to take part in them. Meeting with Ahmadov held in the Fund yesterday.

society

DATA OF NON-BANKING FINANCIAL ORGANIZATIONS ARE UPLOADED ON WEBSITE ON OVERDUE CREDITS’ ZEROING

Website on zeroing of overdue credits (vali.ge) is updated again, Georgian Finance Ministry declared. In particular, the website contains as of December 17 data of already 19 financial organizations, including 10 banks and 9 non-banking organizations.