Daily News September 27, 2022	Days:  23 26 27 28 29

politics

GEORGIA SWITCHED ALL CUSTOMS CHECKPOINTS TO A SPECIAL OPERATION MODE

In the conditions of increased traffic in the region, all customs checkpoints of Georgia have been switched to a special operation mode, Georgian Revenue Service declared. At that, number of customs officers at checkpoints has been increased, the Service noted.




GEORGIA AND UAE STARTED NEGOTIATIONS ON FREE TRADE AGREEMENT

Negotiations on free trade agreement have started between Georgia and the UAE, reported Georgian Ministry of Economy and Sustainable Development. The Ministry noted that the parties made corresponding decision as far as December 2020.




PREMIER: UNIFICATION OF GEORGIA IS THE GOAL OF EACH OF US, AND THE PATH TO THIS GOAL PASSES ONLY THROUGH THE PEACEFUL PROCESS

Today is the 29^th anniversary of the fall of Sukhumi, followed by Russia’s occupation of Abkhazia.

In connection with this date, Georgia’s Prime Minister Irakli Garibashvili posted on his Facebook that “The unification of Georgia is the goal of each of us”, while “the path to this goal passes only through the peace process, dialogue and cooperation”.

economics

SWITZERLAND AND JAPAN ARE EXPECTED TO BECOME GEORGIA’S FIRST PARTNERS IN CARBON UNITS TRADE

Switzerland and Japan will probably become Georgia’s first partners in trade with carbon units, reported Georgian office of the UN Development Program (UNDP).

Georgia signed respective bilateral agreements with these countries in 2021 and 2022.




REHABILITATION OF KHALVASHI STREET IN BATUMI TO COST 19.4M LARI

Rehabilitation of Pridon Khalvashi Street (part of a road of national importance) is being carried out in Batumi, Georgian Roads Department reported.

The Department noted that the project cost makes up 19.4 million lari.

business

IN TBILISI, FACT OF UNFAIR COMPETITION IN TOURISM SERVICES SECTOR WAS REVEALED

Georgian National Competition Agency reported that the fact of unfair competition in the tourism services sector has been confirmed. The matter concerns the litigation of 2 companies, engaged in city tours for tourists in Tbilisi.




AS OF JUNE 30, PROFIT OF “TBC BANK” DECREASED BY 11% Y-O-Y

TBC Bank reported net profit of 430.6 million lari for the 2^nd quarter. If compared with the same period of 2021, the volume has decreased by 11%.




AS OF JUNE 30, PROFIT OF “SAKARTVELOS BANKI” DECREASED BY 15.2% Y-O-Y

Sakartvelos Banki (Bank of Georgia) reported net profit of 368.7 million lari for the 2^nd quarter. If compared with the same period of 2021, the volume has decreased by 15.2%.