Daily News July 26, 2021	Days:  22 23 26 27 28

politics

GEORGIA-JAPAN CONVENTION ON DOUBLE TAXATION AVOIDANCE ENTERED IN FORCE

Convention on avoidance of double taxation on income and suppression of tax evasion between Georgia and Japan has entered in force, reported Georgian Finance Ministry.

The Ministry specified that the new document replaced the agreement between the former USSR (one of which republics Georgia was) and Japan that was effective until now.




DAMAGE OF SYMBOLS OF PARTNER COUNTRIES AND INTERNATIONAL ORGANIZATIONS SUBJECTED TO SANCTIONS

Damage of symbols of the EU, other countries, with which Georgia has diplomatic relations, NATO, as well as international organizations, of which Georgia is a member, will be subjected to sanctions, reported Georgian Parliament. The Parliament’s Bureau discussed corresponding legislative amendments at the meeting today.

economics

GEORGIA’S LOCAL EXPORT FOR 6 MONTHS INCREASED BY 27.6 Y-O-Y

Sakstat reported that in Georgia’s total export for January-June ($1.88 billion), local export (i.e. excluding re-export) accounted for 73.1%, or $1.38 billion. If compared with the same period of 2020, the volume of local export has increased by 27.6%.




GEORGIA’S FUEL IMPORT FOR 6 MONTHS INCREASED BY 6.9% Y-O-Y

Georgian Oil-Products Importers Union reported that within 6 months of this year, Georgia’s import of petrol and diesel fuel amounted to 532,300 t. If compared with the same period of 2020, the volume has increased by 6.9%, while if compared with the same period of 2019 (i.e. before the pandemic), the volume has increased by 7.7%.




CO-FINANCING PROGRAM OF AGRICULTURAL MACHINERY TO BE LAUNCHED

Georgian government decided today to launch a co-financing program of agricultural machinery. The budget of this grant program will make up 50 million lari.




NBG PUBLISHED SUPERVISORY STRATEGY FOR 2021

Today, National Bank of Georgia (NBG) has published the supervisory strategy’s edition for 2021. The first edition of the strategy was published last year.




NBG: DURING 2021, COMMERCIAL BANKS WILL PRESENT FIRST RECOVERY PLANS

National Bank of Georgia (NBG) reported that during the current year, commercial banks of the country will present their first recovery plans. In its turn, NBG will develop resolution plans for the banks.

society

COLLECTIBLE COIN DEDICATED TO EARTH DAY TO GO ON SALE THIS WEEK

National Bank of Georgia (NBG) reported about issuing of a collectible coin in connection with the Earth Day. Price of the coin with a face value of 5 lari makes up 100 lari.