AS OF SEPTEMBER 30, GEORGIA’S TOTAL FOREIGN DEBT MADE UP 102.3% OF GDP
National Bank of Georgia (NBG) reported that total foreign debt of the country amounted as of September 30 to $17.8 billion (52.6 billion lari). This volume corresponds to 102.3% of GDP for the last four quarters (against of 107.4% in the same period of 2018), NBG specified.
IN Q3, GEORGIA’S BALANCE OF INTERNATIONAL PAYMENTS WAS STILL POSITIVE
Similar to last year, Georgia’s balance of international payments was positive in the 3rd quarter of this year, making up $16.5 million, National Bank of Georgia (NBG) reported. In comparison with the same period of previous year, the positive balance increased by 34.8%, making up 0.4% of GDP, against of 0.3%.
AS OF SEPTEMBER 30, GEORGIA’S NET INTERNATIONAL INVESTMENT POSITION WAS STILL NEGATIVE, MAKING UP 130.7% OF GDP
National Bank of Georgia (NBG) reported that as of September 30, net international investment position of the country was negative, making up $22.8 billion in volume (67.2 billion lari). This volume corresponds to 130.7% of the country’s GDP for the last 4 quarters, NBG specified.
PRIME MINISTER: UNIVERSAL HEALTHCARE PROGRAM NEEDS CERTAIN MODERNIZATION
Georgia’s Prime Minister Giorgi Gakharia declared that universal healthcare program (launched in 2013) “needs certain modernization in order to be more sustained and successful”.
The Premier declared this at today’s meeting with about 100 heads of clinics of the country, press service of Georgian government reported.
GEORGIA HAS AGREEMENTS ON DOUBLE TAXATION AVOIDANCE SIGNED WITH 56 COUNTRIES
Georgian Finance Ministry reported that Georgia has agreements on double taxation avoidance signed with 56 countries. In the last year, number of such countries made up 55.
ECONOMY MINISTER: WE WORK IN ORDER CERTIFICATES AND DIPLOMAS, ISSUED BY OUR SYSTEM OF PROFESSIONAL EDUCATION, WERE RECOGNIZED BY THE EU
Georgia’s Minister of Economy and Sustainable Development Natia Turnava declared: “Upon talking about pro-active employment policy, we, first of all, mean how we have to create to people an opportunity of worthy employment both within the country and abroad”. She said this on air of PalitraNews TV company.
DEPUTY ECONOMY MINISTER: WE CONSIDERED PROSPECTS OF GROWTH OF GEORGIAN PRODUCTION IMPORT WITH KOREA IMPORTERS ASSOCIATION
Georgian Ministry of Economy and Sustainable Development reported that the Deputy Minister Gennady Arveladze, who is visiting Republic of Korea, met the chairman of Korea Importers Association (KOIMA).
“We discussed prospects of growth of import of Georgian production to Korean market and considered issues of participation in actions, planned by Korea Importers Association for 2020”, Arveladze said after the meeting.
ECONOMY MINISTER: IN 2020, PUTTING IN OPERATION OF TOTAL INSTALLED CAPACITY OF UP TO 500 MW IS PLANNED
In 2020, putting in operation of 14 new hydroelectric stations and one thermal power plant, which total installed capacity will make up to 500 MW, is planned, Georgia’s Minister of Economy and Sustainable Development Natia Turnava declared.
While saying this on air of Imedi FM radio station, the Minister pointed: “What is the most important, historical projects will be activated”.
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