INDUSTRIAL PPI IN MARCH GREW BY 9.1% Y-O-Y
Sakstat reported that industrial producer price index (PPI) in March has increased by 9.1% year-on-year. If compared with previous month (i.e. February), PPI has decreased by 1.4%.
EXPORT PRICE INDEX IN MARCH INCREASED BY 12.9% Y-O-Y
Sakstat reported that export price index in March made up 112.9% (in comparison with the same months of the previous year – 100%).
Among export price index components, index in mining industry made up 117.2%, while one in processing industry – 112.7%.
IMPORT PRICE INDEX IN MARCH INCREASED BY 16.7% Y-O-Y
Sakstat reported that import price index in March made up 116.7% (in comparison with the same month of the previous year – 100%).
Among import price index components, index in mining industry and quarry operation made up 113%, one in processing industry – 116.9%.
IN JANUARY-MARCH, EXPORT TO EU INCREASED BY 44% Y-O-Y, WHILE IMPORT FROM EU – BY 21%
Sakstat reported that Georgia’s trade turnover with EU amounted in January-March to $641 million. If compared with the same period of 2016, the volume has increased by 26%.
IN JANUARY-MARCH, EXPORT TO CIS INCREASED BY 59%, WHILE IMPORT FROM CIS – BY 27%
Sakstat reported that Georgia’s trade turnover with CIS countries amounted in January-March to $751 million. If compared with the same period of 2016, the volume has increased by 35%.
COPPER LED IN GEORGIA’S EXPORT IN JANUARY-MARCH
Sakstat published foreign trade estimation for January-March, according to which export of copper ore and concentrates amounted to $98.4 million, making up 17.1% of Georgia’s total export. If compared with the same period of 2016, the volume has increased by 16.9%.
GAS AND OIL-PRODUCTS ACCOUNTED FOR 15% OF GEORGIA’S TOTAL IMPORT IN JANUARY-MARCH
Sakstat published foreign trade estimation for January-March, according to which import of natural gas amounted to $137.75 million, making up 8% of total import. If compared with the same period of 2016, the volume has increased by 26.2%.
FINANCE MINISTRY: OPIC TO RAISE INVESTMENT LIMIT FOR GEORGIA
Georgian Finance Ministry reported that the US Overseas Private Investment Corporation (OPIC) will raise investment limit for Georgia.
Georgia’s First Vice Premier, Finance Minister Dimitri Kumsishvili met with acting president of OPIC Dev Jagadesan within visit to the US.
PARTNERSHIP FUND TO COOPERATE WITH TURKISH “NATA HOLDING”
Georgian Partnership Fund declared about signing of memorandum of understanding with Turkish construction company NATA Holding.
By the memorandum, the parties agree on general principles of cooperation, including opportunity to implement joint projects in Georgian production sector.
NBG’S FORMER BUILDING IN BATUMI TO HOST A HOTEL
Ajara Finance and Economy Ministry announced online bidding on privatization of former building of National Bank of Georgia (NBG) in Batumi (Memed Abashidze Str. 25). Starting price makes up 15 million lari.
CARDS OF “TERABANK” WILL BE AVAILABLE TO USE IN SERVICE AGENCY’S ONLINE AUCTIONS
Finance Ministry’s Service Agency declared that Terabank’s cards will be available to use in online auctions of the Agency. The Agency and the bank have signed respective memorandum today.
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