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Daily News

March 24, 2020

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politics

    NATIONAL FOOD AGENCY JOINS DISINFECTION ACTIVITIES

    Georgian Ministry of Environmental Protection and Agriculture reported that aiming suppression of COVID-19 spread in the country, National Food Agency will join with specialized equipment and specialists to the undergoing disinfection works.

    Equipment of the Agency was used from the very beginning on the country’s border checkpoints, where all incoming freights are treated, the Ministry noted.


economics

    NBG PRESIDENT: ECONOMIC RECOVERY COULD TAKE PLACE IN THE LAST QUARTER OF 2020

    Koba Gvenetadze, president of National Bank of Georgia (NBG), expects that economic recovery in Georgia could take place in the last quarter of 2020.

    According to Gvenetadze, three ways of overcoming financial problems are considered now.


    NBG TO CARRY OUT INTERVENTION AGAIN

    The economic shock, caused by COVID-19 pandemic, and expectations of its impact on Georgian economy were reflected also in increased fluctuations on the forex market of the country during the last days, National Bank of Georgia (NBG) said in today’s statement.

    To note, following results of today’s currency trades, lari has depreciated against the US dollar by 12 tetri and the rate, set by NBG for March 25, made up 3.4494 GEL/USD.


    DIRECTOR OF ANALYSIS AND FORECASTING CENTER OF TSU: ECONOMIC GROWTH IN MARCH WILL NOT EXCEED 1-2%

    Vakhtang Charaia, director of the Center of Analysis and Forecasting at Tbilisi State University (TSU), estimates that Georgia’s economic growth in March could be positive, but will not exceed 1-2%.

    According to Charaia, total output of the country will lost in March about 1.5 billion lari, i.e. one-fourth.


    FUNCTIONING OF ENTERPRISES IN OPEN SPACE TO BE ALLOWED IN MARNEULI AND BOLNISI

    Georgia’s Minister of Economy and Sustainable Development Natia Turnava declared that functioning of such enterprises, which do not require work in closed spaces, will be allowed in Marneuli and Bolnisi municipalities, despite strict quarantine measures, introduced there. The matter concerns such activities, as barrow excavation, extraction of crushed stone, gravel and construction materials, etc., she specified.


    “TI GEORGIA”: STATE AGRICULTURAL PROGRAMS WERE RATHER OF SOCIAL CHARACTER, THAN CALCULATED ON INCREASE OF ECONOMIC EFFICIENCY OF THIS SPHERE

    TI Georgia, Georgian branch of Transparency International, declared that state programs in agricultural sector of Georgia “were rather of social character, than calculated on increase of economic efficiency of this sphere”. The organization studied tendencies in the sector for 2012-2019.


    SECOND PHASE OF CONSTRUCTION OF WATER SUPPLY SYSTEM IN KUTAISI IS COMPLETED

    Georgian United Company of Water Supply (regional water distributor) reported about completion of the 2nd phase of constructions of water supply system in Kutaisi, which resulted in pass of 200,000 consumers to 24-hour water supply.

    The project was implemented through financing of Asian Development Bank (ADB).


society

    THE GOVERNMENT CREATED “#STOPCOV” FUND

    Administration of Georgian government reported that following request of Prime Minister, the platform is created to allow office of the business ombudsman, in coordination with the private sector, to identify needs and redistribute resources within fight against COVID-19 coronavirus.

    Within the platform, #StopCoV fund is created, to which private companies and individuals can make own contribution.


    SINCE MARCH 30, “PUBLIC BROADCASTER” TO START BROADCASTING OF LESSONS FOR SCHOOL STUDENTS

    Since March 30, Georgian Public Broadcaster will start broadcasting of lessons for school pupils. Georgia’s Prime Minister Giorgi Gakharia declared this after today’s meeting of the government’s interdepartmental coordinating council on coronavirus problem.


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Exchange Rates (NBG)
  04/06/20 + / -
  USD   3.1740   0.0164
  EUR   3.4295   0.0161
  RUR   4.1547   0.0475
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