GEORGIA AND THE US AGREED ON ADDITIONAL TRADE MISSIONS
Within the visit to the US of governmental delegation of Georgia, First Vice-Premier and Minister of Economy and Sustainable Development Dimitri Kumsishvili met the US Secretary of Commerce Wilbur Ross.
As Georgian Ministry of Economy said, the parties agreed on holding additional trade missions of the US in Georgia.
GEORGIA’S DEMAND FOR NATURAL GAS INCREASED IN 2017 BY 3.6%
Georgia’s demand for natural gas increased in 2017 by 3.6% tear-on-year, National Energy and Water Supply Regulating Commission reported. The Commission explained the growth mainly by increase in demand in household sector.
IN 2017, DISTRIBUTION ACCOUNTED FOR 77.2% OF TOTAL INVESTMENTS IN GAS SECTOR
National Energy and Water Supply Regulating Commission reported that investments in gas sector amounted in 2017 to 224.46 million lari. The planned volume made up 225.33 million lari.
IN 2017, TRANSMISSION-DISPATCHING ACCOUNTED FOR 47% OF TOTAL INVESTMENTS IN ELECTRICITY SECTOR, GENERATION – FOR 41%
National Energy and Water Supply Regulating Commission reported that investments in electricity sector amounted in 2017 to 290.25 million lari. The planned volume made up 299.56 million lari.
81% OF INVESTMENTS IN WATER SUPPLY SECTOR WERE MADE IN 2017 AT THE EXPENSE OF CREDIT
National Energy and Water Supply Regulating Commission reported that factual investments, made by GWP (water supply of Tbilisi) and Georgian United Water Supply Company (main regional distributor) in 2017, totaled to 206.57 million lari. The planned volume made up 194.4 million lari.
IN 2017, NBG CONDUCTED ESTIMATION OF RISKS OF 2014-2017 OF SUPERVISION-SUBJECTED FINANCIAL INSTITUTIONS
Risks of financial institutions, which are subjected to supervision, were estimated in 2017 for the period from 2014 to the 1st quarter of 2017, National Bank of Georgia (NBG) said in its annual report.
According to NBG, taking into account the risk-based approach, 2 commercial banks were selected and examined.
POSSIBILITY OF JAPANESE “NEXI” TO LAUNCH OPERATION IN GEORGIA IS CONSIDERED
Possibility of Japanese Nippon Export and Investment Insurance (NEXI) to launch operation in Georgia is considered, Georgian Ministry of Economy and Sustainable Development declared.
As the Ministry said, the subject was considered at the meeting of Deputy Minister Giorgi Cherkezishvili and NEXI chairman Kazuhiko Bando.
REHABILITATION OF ROPEWAYS IN CHIATURA IS PLANNED TO COMPLETE UNTIL END OF THE YEAR
Ministry of Regional Development and Infrastructure declared that renewed ropeways in Chiatura (Imereti region) is planned to launch until end of the year.
The Ministry started the project of the ropeways’ rehabilitation in 2017 with assistance of French government.
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