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DAILY NEWS September 10, 2024

IN AUGUST, GEORGIA’S HARMONIZED CONSUMER PRICE INDEX INCREASED BY 2.3% Y-O-Y

In August, compared to the same period of 2023, Georgia’s harmonized index of consumer prices (HICP) has increased by 2.3%, Sakstat reported.

As Georgian statistics service specified, annual growth was recorded in such groups of HICP, as hotels, cafes and restaurants (by 10%), transport (by 7.5%), alcoholic beverages and tobacco (by 4.6%), education (by 3.6%), food and soft drinks (by 1.1%), etc. More...


“GALT&TAGGART” LOWERED FORECAST FOR ANNUAL INFLATION IN GEORGIA

Galt&Taggart lowered its forecast of average annual inflation in Georgia for 2024 to 2%. The previous forecast envisaged inflation at 2.5% (against of target of 3%). More...


IN AUGUST, INTERNATIONAL RESERVES OF NBG REDUCED BY 10.9% Y-O-Y

In August, international reserves of National Bank of Georgia (NBG) have reduced by 10.9% compared to the same period of 2023 and amounted to $4.8 billion, Galt&Taggart reported with reference to NBG. If compared to the previous month (July), reserves have increased by 3.7% though. More...


“TBC CAPITAL”: FOREIGN CURRENCY INFLOWS AND ECONOMIC ACTIVITY REMAINED HIGH IN AUGUST TOO

Analysis of transactions made through TBC channels indicates a high level of foreign currency inflows and overall economic activity in August too, TBC Capital said in its recent weekly review.

These strong inflows have enabled National Bank of Georgia to increase foreign currency reserves, TBC Capital noted. More...


GEORGIAN AGENCY FOR INNOVATION AND TECHNOLOGY ACCEPTS APPLICATIONS FOR INTERNATIONAL CERTIFICATION PROGRAM

Within the framework of the EU-funded project “Do IT with the EU”, Georgian Agency for Innovation and Technology began accepting applications for an international certification program. Registration for participation in the program will last through September 27. More...


GEORGIAN REGULATORY COMMISSION STARTED TECHNICAL INSPECTION OF POWER DISTRIBUTION NETWORKS

Georgia National Energy and Water Regulating Commission has started technical inspection of electricity distribution networks of the country.

According to the Commission, this process includes checking distribution networks on the spot and assessing their condition by a special group. More...


GEORGIAN PREMIER: OUR GOAL IS TO MAKE GEORGIA A FULLY SELF-SUFFICIENT COUNTRY IN TERMS OF ELECTRICITY BY 2030

“We have an ambitious goal – to make Georgia a fully self-sufficient country in terms of electricity by 2030, for which end electricity generation should exceed consumption”, Georgia’s Prime Minister Irakli Kobakhidze declared, while speaking today at an event dedicated to Energy Engineer Day.

The Premier indicated that after 2012, the number of generation facilities increased significantly, while the electric power infrastructure improved. More...


GEORGIAN PREMIER: BY END OF 2025, GAS SUPPLY WILL BE ENSURED TO ANOTHER 400 SETTLEMENTS

“By the end of 2025, natural gas will be supplied to another 400 settlements”, Georgia’s Prime Minister Irakli Kobakhidze declared. As a result, additional 57,000 consumers will join the network, he said. More...


ECONOMIC PRESS MONITOR September 11, 2024

Tabula: “I AM READY TO TAKE RESPONSIBILITY FOR A SECOND TERM – PRESIDENT’S INTERVIEW WITH “LE FIGARO””

“I am ready to take great responsibility, including for a second term, in order to return Georgia to the European path”, Georgia’s President Salome Zurabishvili declared in an interview with the French newspaper Le Figaro. “If the charter I proposed will act, I am ready to be a negotiator with our European partners”, she said. More...


Netgazeti.Ge: ““GEORGIAN DREAM” PRESENTS TOP 20 OF VOTING LIST – WHO WILL BE ON THE LIST”

On September 10, the ruling Georgian Dream presented first 20 members of the electoral list for Georgia’s parliamentary elections on October 26.

The first number on the list is Bidzina Ivanishvili (billionaire founder and honorary chairman of the ruling party). More...


Netgazeti.Ge: “SIX-SIDED MEETING OF CASCA+ WAS HELD BEING ORGANIZED BY “GEORGIAN RAILWAY””

A regular meeting of participants of multimodal route CASCA+ was held in Batumi, being organized by Georgian Railway. In the event, heads of railway administrations of Azerbaijan, Georgia, Kyrgyzstan, Turkey, Turkmenistan and Uzbekistan took part. More...


Rezonansi: “ENERGY SECTOR STANDS PAT WITH CONSTRUCTION OF SMALL HYDROELECTRIC POWER STATIONS”

Since 2013, 63 hydroelectric power stations were built in Georgia, but construction of such large hydroelectric power stations as NamokhvanHES and KhudonHES has been suspended, the article indicates.

Power engineer Gia Arabidze emphasizes importance of reservoir hydroelectric power stations’ existence in the country. More...


SPECIAL REPORT September 4, 2024

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

In Georgia, the average cost of a room1 in a 3-star hotel was 184 GEL per night in August 2024, while the average cost of a room in a 4-star hotel in Georgia was 272 GEL per night and the average cost of a room in a guesthouse2 was 114 GEL per night.

The average cost of a room in a 5-star hotel in Georgia in August 2024 was 586 GEL per night. More...


Exchange Rates (NBG)
  09/11/24 + / -
  USD   2.6970   0.0011
  EUR   2.9786   0.0031
  RUR   2.9597   0.0037
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