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DAILY NEWS March 18, 2024

GEORGIAN PREMIER: TODAY, WE HAVE VERY HIGH LEVEL OF BOTH POLITICAL AND ECONOMIC COOPERATION WITH AZERBAIJAN

Today, we have a very high level of both political and economic cooperation with Azerbaijan, and we have a very good dynamics in these relations, declared Georgia’s Prime Minister Irakli Kobakhidze.

On March 16, Kobakhidze made his first official visit abroad as prime minister, visiting Azerbaijan. More...


GEORGIAN FINANCE MINISTER: ECONOMIC GROWTH FORECAST FOR 2024 WILL BE INCREASED

It is expected that the economic growth forecast for 2024 will increase, Georgia’s Finance Minister Lasha Khutsishvili told reporters at a briefing today. As he noted, the expectations are based on showings of tourism sector, investments, consumption, etc. More...


AMONG EMPLOYEES OF GEORGIAN BUSINESS SECTOR, THE HIGHEST SALARY IS IN THE SPHERE OF INFORMATION AND COMMUNICATIONS

In the 4th quarter of 2023, the highest average salary among employees of Georgian business sector was recorded in the field of information and communications, amounting to 4,420 lari per month, Sakstat reported. If compared to the corresponding period of 2022, salary in this sphere has increased by 17.1%. More...


REVENUE SERVICE: IN THE LAST 6 MONTHS, NUMBER OF CUSTOMS DECLARATIONS REGISTERED IN E-ECZ HAS INCREASED BY 10% Y-O-Y

Over the past 6 months, customs operators at e-ECZ (economic clearance zone) have registered 61,440 customs declarations, Georgian Revenue Service reported. If compared with the same period of previous year, the indicator has increased by 10%, the Service noted. More...


INTERNATIONAL TENDER ANNOUNCED FOR DESIGN AND CONSTRUCTION OF OFFSHORE INFRASTRUCTURE AT ANAKLIA PORT

An international tender has been announced for design and construction of offshore infrastructure of the deep-water port of Anaklia, Georgia’s Ministry of Economy and Sustainable Development reported, noting that the tender is announced in accordance with the procurement procedures of the World Bank.

According to the Ministry, the tender documentation was sent to the so-called “big four” (Dutch companies Boskalis and Van Oord, Belgian DEME and Jan De Nul). More...


CURRENTLY, LLC “GEORGIA MELIORATION” CARRIES OUT WORKS AT 44 CAPITAL FACILITIES

Currently, the state-owned LLC Georgian Melioration carries out works totaling to 98.4 million lari at 44 capital facilities, reported Tamaz Mgebrishvili, general director of the LLC.

According to Mgebrishvili, this year works of 10.18 million lari will also begin at 4 facilities. More...


ACTING NBG PRESIDENT: WE, AS BEFORE, CONTINUE TO WORK IN CONNECTION WITH THE IMF PROGRAM

We, as before, continue to work in connection with the IMF program (suspended in 2023), the acting president of National Bank of Georgia (NBG) Natia Turnava told reporters at a briefing today.

As Turnava said, “There are certain issues, to which we have placed more attention, which are fundamental in this direction”. More...


UN REPRESENTATION EXPRESSES DEEP CONCERN ABOUT PLANNED DECREASE OF TOBACCO EXCISE IN GEORGIA

The UN office in Georgia expresses deep concern about planned decrease of excise tax rate on certain types of tobacco goods in the country. The corresponding bill was initiated in Georgian Parliament on March 4. More...


ECONOMIC PRESS MONITOR March 18, 2024

Tabula: “PAPUASHVILI: WE ARE NOT GOING TO INVOLVE FOREIGN TUTORS TO RESOLVE THE JUSTICE SYSTEM”

“We are not going to attract foreign tutors to resolve [issues of] the justice system”, declared Shalva Papuashvili, speaker of the Georgian Parliament. “This would be harmful, if foreign citizens were involved in resolution of issues of Georgian justice of the independent country”, he indicated. More...


Rezonansi: “CENTRAL ASIANS GAINED A FOOTHOLD IN GEORGIA AND ARE CREATING PROBLEMS FOR GEORGIAN CAR DEALERS”

Georgian auto importers engaged in the cars re-export now have to compete on the local market with Kyrgyz and Kazakhstani dealers, the article says.

Foreigners sell cars at such a profitable price, which most Georgian dealers are unable to offer, the newspaper points. More...


Batumelebi: “ANOTHER 53.9M FOR ICE ARENA AND POOL IN BATUMI, 29M HAVE BEEN ALREADY SPENT”

LLC Ajara Company for Project Management announced a tender worth 53.94 million lari for construction of an indoor sports complex in Batumi. The matter concerns completion of construction of the ice arena and building a new swimming pool. More...


SPECIAL REPORT March 14, 2024

AVERAGE HOTEL PRICES AND HOTEL PRICE INDEX IN GEORGIA (FEBRUARY 2024)

In Georgia, the average cost of a room1 in a 3-star hotel was 158 GEL per night in February 2024, while the average cost of a room in a 4-star hotel in Georgia was 261 GEL per night and the average cost of a room in a guesthouse2 was 128 GEL per night.

The average cost of a room in a 5-star hotel in Georgia in February 2024 was 416 GEL per night. More...


Exchange Rates (NBG)
  03/18/24 + / -
  USD   2.7098   0.0099
  EUR   2.9529   0.0127
  RUR   2.9402   0.0009
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We wish you Happy New Year! Let 2024 be a year of peace, prosperity and happiness for all of you.

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