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Daily News

July 27, 2022

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politics

    GEORGIA AND KAZAKHSTAN AGREED ON DEEPENING ECONOMIC RELATIONS

    Several agreements were signed during the visit of Georgian governmental delegation headed by Prime Minister to Kazakhstan, reported Georgian Ministry of Economy and Sustainable Development. These agreements will further deepen economic relations between Georgia and Kazakhstan, the Ministry noted.


economics

    IN H1, INDIVIDUALS’ DEPOSITS PLACED IN GEORGIAN BANKS IN LARI INCREASED BY 21.4% Y-O-Y

    National Bank of Georgia (NBG) reported that private individuals’ deposits, placed as of June 30 in Georgian commercial banks in national currency, totaled to 5.7 billion lari. The volume has increased by 5.6% quarter-on-quarter and by 21.4% year-on-year.


    IN H1, INDIVIDUALS’ DEPOSITS PLACED IN GEORGIAN BANKS IN FOREIGN CURRENCY INCREASED BY 5.7% Y-O-Y

    National Bank of Georgia (NBG) reported that private individuals’ deposits, placed as of June 30 in Georgian commercial banks in foreign currency, totaled to equivalent of 14.9 billion lari. The volume has increased by 3.3% quarter-on-quarter and by 5.7% year-on-year.


    IN H1, MORTGAGE LOANS ISSUED BY GEORGIAN BANKS IN LARI INCREASED BY 19.1% Y-O-Y

    National Bank of Georgia (NBG) reported that mortgage loans, issued as of June 30 by Georgian commercial banks in national currency, totaled to 11.4 billion lari. The volume has increased by 4.6% quarter-on-quarter and by 19.1% year-on-year.


    IN H1, MORTGAGE LOANS ISSUED BY GEORGIAN BANKS IN FOREIGN CURRENCY INCREASED BY 2.1% Y-O-Y

    National Bank of Georgia (NBG) reported that mortgage loans, issued as of June 30 by Georgian commercial banks in foreign currency, totaled to equivalent of 16.5 billion lari. The volume has increased by 3.4% quarter-on-quarter and by 2.1% year-on-year.


    NBG PRESIDENT: SOMETIMES, NBG MAKES UNPOPULAR, PAINFUL, BUT NECESSARY DECISIONS

    Koba Gvenetadze, president of National Bank of Georgia (NBG), declared that NBG “sometimes makes unpopular, painful, but necessary decisions”. NBG is “trying to find the golden mean for the maintenance of price stability with at minimal possible cost”, he pointed.


    MARKET RULES OF BILATERAL AGREEMENTS IN ENERGY SECTOR HAVE BEEN APPROVED

    On July 26, Georgian National Energy and Water Supply Regulating Commission approved market rules for bilateral agreements in electric power industry.

    The norms given in the rules apply to contracts, concluded both through direct negotiations and through an intermediary (broker), including through the platform of bilateral agreements, the Commission specified.


business

    LITHUANIAN “GETJET” RESUMES FLIGHTS FROM BALTIC STATES TO GEORGIA

    Lithuanian airline Getjet is resuming flights to Georgia from the Baltic countries, reported Georgian Ministry of Economy and Sustainable Development. In particular, Getjet will carry out multiple charter flights from Vilnius and Tallinn to Batumi.


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Exchange Rates (NBG)
  08/12/22 + / -
  USD   2.7089   0.0073
  EUR   2.7880   0.0036
  RUR   4.4083   0.0426
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