Daily News July 26, 2022	Days:  22 25 26 27 28

politics

SOCIAL JUSTICE CENTER: GEORGIAN AUTHORITIES DID NOT ADOPTED YET A STRATEGY DOCUMENT ON OCCUPATION OF CONFLICT REGIONS

Social Justice Center indicated that the Georgian authorities have not adopted yet a strategy document on occupation and annexation by Russia of conflict regions of the country (Abkhazia and Tskhinvali region).

In regard of the peace policy, the Georgian authorities still use the document, adopted in 2010, which is outdated and less relevant, the organization pointed.




“TI GEORGIA”: PROSECUTOR GENERAL’S OFFICE AND STATE SECURITY SERVICE SHOULD, AS FAR AS POSSIBLE, PUBLISH INFORMATION ABOUT RESONANT CORRUPTION INVESTIGATIONS

TI Georgia, Georgian branch of Transparency International, considers that Office of Prosecutor General and State Security Service should, as far as possible, publish information about resonant corruption investigations. In this regard, the organization pointed to acuteness of high-level corruption problem and live public interest to it.




HEAD OF GEORGIAN RESORTS DEVELOPMENT AGENCY IS APPOINTED

Alexander Onoprishvili has been appointed director of the Resorts Development Agency, reported Georgian Ministry of Economy and Sustainable Development. Until that, Onoprishvili managed for years LLC Mountain Resorts Development Company, subordinated to the Ministry.

economics

AS OF JULY 1, GEORGIA’S RATIO OF DEPOSITS TO GDP DECREASED BY 6.1 PP Y-O-Y, OF LOANS – BY 6.6 PP

National Bank of Georgia (NBG) released estimation, according to which ratio of deposits, placed in Georgian commercial banks as of July 1, to the country’s GDP made up 57.4%.

The ratio made up 58.8% a quarter ago and 63.5% a year ago (respectively, decreased in the reporting period of 1.4 percentage points (pp) and 6.1 pp).




IN Q2, PROFIT OF GEORGIAN COMMERCIAL BANKS DECREASED BY 34.7% Y-O-Y

National Bank of Georgia (NBG) reported that in the 2^nd quarter, net profit of Georgian banks totaled to 422.58 million lari. If compared with the same period of last year, the volume has decreased by 34.7%.

business

“SUN PETROLEUM GEORGIA” PLANS EXPANSION

Sun Petroleum Georgia, running chain of Gulf filling stations, plans to lease 32 stations from 23 economic agents, Georgian National Competition Agency reported. In connection with the planned concentration, the Agency has launched administrative proceedings.




“HUALING” EXPANDS KUTAISI FREE INDUSTRIAL ZONE

Georgian government made a decision to expand area of the Kutaisi free industrial zone “by several hectares”. The corresponding agreement was signed between Georgian Ministry of Economy and Sustainable Development and the Chinese Hualing, investor of the zone.




ISRAELI “ARKIA” TO OPERATE FLIGHTS BETWEEN EILAT AND BATUMI IN AUGUST

During the period of August 7-29, the Israeli airline Arkia will operate charter flights between Eilat (Israel) and Batumi (Georgia). The airline will fly 2 times a week, on Mondays and Fridays.