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DAILY NEWS October 21, 2014

9-MONTH PLAN OF THE STATE BUDGET’S RECEIVABLES FULFILLED BY 99.5%, OF PAYMENTS – BY 91.6%

Treasury Office of the Finance Ministry reported that the state budget’s receivables for January-September amounted to 6.5 billion lari. Thus, plan of 9 months is fulfilled by 99.5%. More...


IN 9 MONTH, STATE BUDGET DEFICIT MADE UP 181.85M LARI, WHILE CHANGE IN ACCOUNT BALANCE – 338.74M LARI

Treasury Office of the Finance Ministry reported that the state budget deficit amounted in January-September to 181.85 million lari (9-month plan – 737.31 million lari).

In 9 months, revenues on the state budget amounted to 5.36 billion lari, while expenditure – to 5.21 billion lari. More...


FINANCE MINISTER AND REPRESENTATIVES OF IFC DISCUSSED ONGOING PROJECTS AND FUTURE PLANS

Finance Minister Nodar Khaduri met today with regional manager of International Finance Corporation (IFC) Investment Climate Advisory Services Lisa Kaestner and manager of IFC Global Tax Team Komal Mohindra.

As the Finance Ministry reported, the sides discussed projects, envisaged by agreement between the Ministry and IFC, and future plans of cooperation. More...


GEORGIA AND LITHUANIA TO COOPERATE IN TAX ISSUES

Georgian Finance Ministry’s Revenue Service and Lithuanian Finance Ministry’s State Tax Inspectorate have signed agreement on cooperation in tax issues in Tbilisi today.

As the Ministry explained, the agreement aims experience sharing in tax sphere, as well as fight against tax avoidance through information exchange. More...


EUROPEAN EXPERTS TO RENDER TECHNICAL ASSISTANCE IN TRANSPORT FIELD TO GEORGIA WITHIN FRAMEWORK OF TAIEX

Georgian Ministry of Economy and Sustainable Development reported that workshop “EU-Georgia Dialogue in Field of Road Transport” was opened yesterday in Tbilisi.

The event, supported by European Commission, is organized by Georgian Agency for Road Transport within frames of TAIEX program (Technical Assistance Information Exchange). More...


GEORGIA AND UAE TO HOLD A JOINT BUSINESS FORUM

Georgian Ministry of Economy and Sustainable Development reported that Georgia and United Arab Emirates would hold a joint business forum (the date is not specified yet).

That was announced at today’s meeting between Georgian Minister Giorgi Kvirikashvili and UAE Minister for Foreign Trade Sheikha Lubna Al Qasimi. More...


SHARE OF VISA DEBIT CARDS DECLINES, OF EC/MC CARDS – INCREASES

National Bank of Georgia reported that Visa accounted for 49.5% of total debit cards in circulation in the country by the end of September (against of 66.07% a year ago). During the year, number of these cards has decreased by 0.02% and made up 2.99 million. More...


SHARE OF VISA CREDIT CARDS DECLINES, OF EC/MC CARDS – INCREASES

National Bank of Georgia reported that Visa accounted for 63.58% of total credit cards in circulation in the country by the end of September (against of 78.63% a year ago). During the year, number of these cards has decreased by 1.49% and made up 939,293. More...


PARTNERSHIP FUND HAS FUNDED 12 PROJECTS WITH 285M LARI THROUGH 2012-2013

Partnership Fund reported that through 2012-2013, it has funded 12 projects with 285 million lari.

The largest allotment was investment, made in equity of thermal power plant of combined cycle in Gardabani – 231.5 million lari. More...


WINTER TOURISM SEASON TO START ON DECEMBER 20

National Tourism Administration will officially open winter tourism season on December 20 in Gudauri and on December 27 in Bakuriani and Mestia. The Administration is going to hold special entertainment events on the opening dates, pointing that the resorts will be opened “regardless of snow presence”. More...


TUSHETI PROTECTED AREA HANDED OVER TO LOCAL AUTHORITIES

The government has handed over mountainous Tusheti protected area to local authorities.

While reporting on the subject, Ministry of Economy and Sustainable Development pointed that this is the first case of forest management decentralization in Georgia, implemented with assistance of forestry program funded by EU (ENPI FLEG). More...


CONSTRUCTION OF RESIDENTIAL COMPLEX “SUN CITY” IS FINISHED IN TSKNETI

Residential complex Sun City (so-called Georgian-American village) was opened today in Tskneti (7 km from Tbilisi center). Total budget of the project, located on 13,000 square m, amounts to $15 million. More...


ECONOMIC PRESS MONITOR October 21, 2014

Rezonansi: “GREATE BUDGET TURN”

The article brings data, according to which “9-month budget has gap of 32.2 million lari only”. Experts see one of the reason of it in fulfillment of foreign liabilities’ target. More...


Rezonansi: “FROZEN MEAT CONQUERED GEORGIAN PRODUCTION”

Georgia’s annual meat consumption makes up 55,000 t, the article reports. Of this volume, more than half is low-quality imported meat, which sometimes is considered as harmful to health, the newspaper says. More...


Tabula: ““CARTU INSURANCE” WILL NO LONGER PARTICIPATE IN AGRO-INSURANCE PROJECT”

The magazine reports that Cartu Insurance stopped issuing policies in agro-insurance about 3 weeks ago. As the article says, Agriculture Projects Management Agency also confirmed exit of the company from state-subsidized agro-insurance project. More...


Bankebi da Finansebi: “SUCH PRICE WAS NEVER PAID TO PEASANTS FOR GRAPES”

Chairman of National Wine Agency Levan Davitashvili says that this year’s grape harvest will exceed last year’s one by 20-30%.

At this stage, 58,000 t of Rkatsiteli (white variety), 36,000 t of Saperavi (red variety), 2,000 t of Kakhuri Mtsvane (white variety) and 1,500 t of other varieties are harvested, totaling to 134 million lari in value. More...


Exchange Rates (NBG)
  10/21/14 + / -
  USD   1.7523   0.0008
  EUR   2.2368   0.0002
  RUR   4.2687   0.0156
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