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DAILY NEWS May 23, 2022

IN Q1, STATE BUDGET EXPENDITURES FOR SOCIAL PROTECTION MADE UP 99.3% OF THE PLAN

Georgian State Treasury reported that in the 1st quarter, the state budget’s actual expenditures for social protection totaled to 1.14 billion lari.

This corresponds to 99.3% of the plan and makes up 28.6% of total budget expenditures, the Treasury specified. More...


IN Q1, STATE BUDGET EXPENDITURES FOR ECONOMIC ACTIVITY MADE UP 93.6% OF THE PLAN

Georgian State Treasury reported that in the 1st quarter, the state budget’s actual expenditures for economic activity totaled to 626.84 million lari. As the Treasury noted, this corresponds to 93.6% of the plan. More...


IN Q1, STATE BUDGET EXPENDITURES ON HEALTHCARE SECTOR MADE UP 97.5% OF THE PLAN

Georgian State Treasury reported that in the 1st quarter, the state budget’s actual expenditures for healthcare totaled to 543.3 million lari.

This corresponds to 97.5% of the plan and makes up 13.6% of total budget expenditures, the Treasury specified. More...


IN Q1, STATE BUDGET EXPENDITURES FOR EDUCATION MADE UP 99.5% OF THE PLAN

Georgian State Treasury reported that in the 1st quarter, the state budget’s actual expenditures for education totaled to 432.8 million lari.

This corresponds to 99.5% of the plan and makes up 10.9% of total budget expenditures, the Treasury specified. More...


IN Q1, STATE BUDGET EXPENDITURES ON DEFENSE MADE UP 95.8% OF THE PLAN

Georgian State Treasury reported that in the 1st quarter, the state budget’s actual expenditures for defense totaled to 359.23 million lari.

This corresponds to 95.8% of the plan and makes up 9% of total budget expenditures, the Treasury specified. More...


IN Q1, STATE TREASURY BALANCE ACCOUNT INCREASED BY 63.5%

Georgian State Treasury reported that as of April 1, balance of the state budget funds on the Treasury account amounted to 1.44 billion lari.

In the 1st quarter, accumulation on the account made up 559.73 million lari, the Treasury said. More...


IN 2021, NUMBER OF TRANSACTIONS IN RTGS SYSTEM INCREASED BY 22%, THEIR VOLUME – BY 19%

National Bank of Georgia (NBG) reported that in 2021, Georgia’s Real-Time Gross Settlement (RTGS) system served 34.7 million transactions, which number has increased by 22% compared with 2020.

Volume of these transactions totaled to 318 billion lari, increasing by 19% year-on-year, NBG specified. More...


DURING HIS VISIT TO DAVOS, GEORGIAN PREMIER MET WITH IMF MANAGING DIRECTOR

Today, during his visit to Davos (where the World Economic Forum is taking place), Georgia’s Prime Minister Irakli Garibashvili met with IMF managing director Kristalina Georgieva.

As administration of Georgian government said, the parties discussed investment environment in Georgia, ongoing economic processes in the country and measures, planned by the Georgian government. More...


ECONOMIC PRESS MONITOR May 23, 2022

Bankebi da Finansebi: “GEORGIA, AZERBAIJAN AND KAZAKHSTAN SIMPLIFY CUSTOMS PROCEDURES TO FACILITATE TRANSIT CORRIDOR”

Representative of the State Customs Committee of Azerbaijan declared that Azerbaijan, Georgia and Kazakhstan are planning to sign a trilateral agreement on transit facilitation. “The agreement between our country and Georgia has already been signed. More...


Tabula: “GARIBASHVILI: “BORJOMI” WILL NO MORE HAVE PROBLEMS IN OPERATION, THE EMPLOYED SHOULD BE CALM”

Georgia’s Prime Minister Irakli Garibashvili declared that the government held a direct communication with the managing company and the owners of IDS Borjomi. They proposed “to grant the state a share, which value may be about $100 million”, he said. More...


Forbes Georgia: “GEORGIAN-EUROPEAN CRYPTO BUSINESS”

Vasil Babluani, the founder of Nova Holding, declared that construction of a crypto-mining plant in Tbilisi will be completed in June. At the initial stage, the plant’s capacity will make up 10 MW, but expansion is definitely planned in the future, he said. More...


SPECIAL REPORT December 15, 2021

MONTHLY TOURISM UPDATE (NOVEMBER 2021)

- The number of international travelers1 increased by 288.8% in November 2021, compared to the same period of 2020, and declined by 73.0% compared to the same period in 2019. Meanwhile, the number of international visitors2 increased by 267.2% (2021/2020) and declined by 69.3% (2021/2019), and the number of international tourists3 increased by 283.2% (2021/2020) and declined by 55.3% (2021/2019). More...


Exchange Rates (NBG)
  05/23/22 + / -
  USD   2.8767   0.0269
  EUR   3.0677   0.0061
  RUR   4.9280   0.1676
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