Georgian English Russian Main Register Company Partners Feedback
Sarke Information Agency
Georgian/English/Russian Menu

Daily News
Economic Press Monitor
Special Report
 


Daily News

December 25, 2020

Previous Issues:  Days: < 23 24 25 28 29 > 

 

Note: Please login to get full access to the articles. If you are still not the Sarke's user, please register.

politics

    THE PARLIAMENT APPROVED GOVERNMENT COMPOSITION

    On December 24, Georgian Parliament (which works in absence of opposition) unanimously declared confidence to the government – 85 votes “pro” (the procedure followed parliamentary elections, held on October 31).

    Post of Georgian Prime Minister is held by Giorgi Gakharia again, while the Cabinet has only one new minister.


economics

    IN Q3, CONSTRUCTION PRICE INDEX INCREASED BY 2.2 PP Q-O-Q AND BY 1.8 PP Y-O-Y

    Sakstat released estimation, according to which construction price index in Georgia increased in the 3rd quarter by 4.2 percentage points (pp), if compared with the previous quarter. The change is mainly caused by 15.6% growth of average nominal salary in the construction field, Georgian statistics service said.


    IN 2019, TBILISI ACCOUNTED FOR 51.2% OF GEORGIA’S GDP, AJARA – FOR 10.1%, IMERETI – FOR 8.5%

    Sakstat reported that in regional structure of Georgia’s GDP for 2019 (49.25 billion lari), Tbilisi accounted for 51.2%. If compared with 2018, share of Tbilisi has reduced by 0.5 percentage points (pp).


    IN 2019, TRANSPORT ACCOUNTED FOR 30.9% OF GEORGIA’S ENERGY RESOURCES CONSUMPTION, HOUSEHOLDS – FOR 28.3%

    Sakstat reported that according to sectoral analysis of Georgia’s consumption of energy resources in 2019 (expressed in tons of oil equivalent, TOE), the biggest share belonged to transport.

    Namely, transport accounted for 30.9% of total consumption, or 1.42 million TOE (year-on-year growth – 3.7%).


    IN 2019, ELECTRIC POWER MADE UP 76.3% OF GEORGIA’S ENERGY GENERATION AND 22.6% OF CONSUMPTION

    Sakstat reported that in total energy resources, generated in Georgia in 2019 (expressed in tons of oil equivalent, TOE), electric power accounted for 76.3%.

    The second largest source was biofuel, mainly firewood, and energy from waste – 18.4%.


    IN 2019, OIL EXTRACTION IN GEORGIA INCREASED BY 16.2%, NATURAL GAS EXTRACTION – REDUCED BY 3.9%, WHILE COAL MINING – REDUCED 9 TIMES

    Sakstat reported that Georgia’s crude oil extraction totaled in 2019 to 35,100 t, increasing by 16.2% year-on-year.

    Natural gas extraction made up 9.6 million cubic m (reduction – 3.9%), while coal mining – 15,300 t (reduction – 9 times).


    “SAKSTAT” TURNS TO ILO’S NEW STANDARD IN LABOR FORCE STATISTICS

    In calculation of labor force statistics, Sakstat turns to new standard of International Labor Organization (ILO). That means new methodology of employment and unemployment rates’ calculation, Georgian statistics service explained.


    THE GOVERNMENT ALLOCATES 400,000 LARI TO TBILISI CITY HALL FOR NEW YEAR ACTIVITIES

    “Allocation of 400,000 lari will be given to Tbilisi City Hall in order they involve as much as possible cultural figures and musicians in their New Year activities”, Georgia’s Minister of Economy and Sustainable Development Natia Turnava announced at the news briefing today.

    The corresponding decision was made at today’s meeting of interagency coordination council, created by Georgian government for fight against COVID-19.


business

    “TAV GEORGIA” TO INVEST $17M IN EXPANSION OF BATUMI AIRPORT

    TAV Georgia, operator of Tbilisi and Batumi airports, will invest $17 million in the project of Batumi airport’s expansion, Georgian Ministry of Economy and Sustainable Development declared. Infrastructure works should be finished in 2021.


Note: Please login to get full access to the articles. If you are still not the Sarke's user, please register.

Exchange Rates (NBG)
  01/15/21 + / -
  USD   3.2987   0.0052
  EUR   4.0033   0.0029
  RUR   4.4956   0.0019
Get News in Brief by e-mail
Get daily News in Brief on your e-mail for free!
Announcements
We are leaving for holidays, so the site will not be updated until January 11.

Happy New Year!

Sincerely,

Sarke Information Agency


© 2021 Sarke Information Agency