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

Daily News
Economic Press Monitor
Special Report
 


Daily News

March 25, 2020

Previous Issues:  Days: < 23 24 25 26 27 > 

 

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

economics

    “EUROPEAN GEORGIA” SUGGESTS THE AUTHORITIES TO LOWER TAXES, AS A MEASURE AGAINST ECONOMIC CRISIS

    On March 24, European Georgia presented own plan of fight against economic crisis in the country, caused by coronavirus pandemic. According to this plan, private sector will retain 690 million lari, the opposition party pointed.


    FORMER PRESIDENT OF NBG: THE AUTHORITIES COULD NOT PROTECT LARI

    Roman Gotsiridze, chairman of oppositional parliamentary fraction of National Movement and president of the National Bank of Georgia (NBG) in 2005-2007, declared that lari met the arisen crisis unprepared. “The authorities could not protect lari”, he said on March 24 on air of Rustavi-2 TV company.


    YOUNG FINANCIERS AND BUSINESSMEN ASSOCIATION CALLS FOR TOUGHENING OF MONETARY POLICY

    Georgian Young Financiers and Businessmen Association pointed at panic background and transfer through expectations channels to national currency as the main reason of recently started sharp devaluation of lari.

    Use of interventions (sale of the US dollars) by National Bank of Georgia (NBG) will be insufficient for return of lari exchange rate to its real balance mark, the Association declared.


    NBG SOLD $40M

    As promised yesterday, National Bank of Georgia (NBG) sold $40 million at the currency auction today. The average weighted rate made up 3.4563 GEL/USD.


    YOUNG FINANCIERS AND BUSINESSMEN ASSOCIATION AND CIVIL ORGANIZATIONS OFFER THE GOVERNMENT ANTI-CRISIS SOCIAL PACKAGE

    Georgian Young Financiers and Businessmen Association and several Georgian civil organizations offer the government of the country an anti-crisis package, which envisaged financial aid to persons, who lost job because of coronavirus pandemic.

    As initiators of the anti-crisis package declared, compensation to such citizens has to be provided by “the British model”.


    ALL EMPLOYERS HAVE TO DEVELOP PLAN OF READINESS AND REACTION IN CONNECTION WITH INFECTIOUS DISEASES

    Georgian Ministry of Economy and Sustainable Development declared that all employers of the country have to develop own plans of readiness and response to infectious diseases (emergency plan).

    The Ministry pointed that a plan should follow instructions and recommendations of the National Center of Disease Control and Public Healthcare.


    ECONOMY MINISTER: MEDICAL MASKS ARE DISTRIBUTED ACCORDING TO PRIORITIES

    Georgia’s Minister of Economy and Sustainable Development Natia Turnava declared that “distribution of Georgia-made medical masks has started according to those priorities, which especially emphasize safety protection”.

    These priorities include persons of 70 years and above, public employees, who work with quarantine zones, police officers, etc., she said.


business

    LLC “GARDABANI HEAT POWER PLANT-2” GOT LICENSE FOR ELECTRICITY GENERATION

    Electricity generation license was issued to LLC Gardabani Heat Power Plant-2, Georgian National Energy and Water Supply Regulating Commission reported. The 230-MW heat station of the combined cycle, located in Gardabani municipality of Kvemo Kartli region, was put in operation this year.


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

Exchange Rates (NBG)
  03/28/24 + / -
  USD   2.6978   0.0106
  EUR   2.9112   0.0225
  RUR   2.9177   0.0056
Get News in Brief by e-mail
Get daily News in Brief on your e-mail for free!
Announcements
Dear readers,

We wish you Happy New Year! Let 2024 be a year of peace, prosperity and happiness for all of you.

We are leaving for New Year holidays, so our site will resume updates on January 8.

Glory to Ukraine!

Sincerely,

Sarke Information Agency


© 2024 Sarke Information Agency