Daily News

IN THIS ISSUE:

According to latest forecast of IMF, Georgia’s real GDP to grow up by 5% annually in 2014-2015. Forecast of Georgian government coincides with these figures.

According to forecast, published by Policy Institute of International School of Economics at Tbilisi State University (ISET Policy Institute), real GDP growth for the 2^nd quarter will make up 7.7% (previous forecast – 7.5%). For the 3^rd quarter, ISET Policy Institute forecasts real GDP growth by 7.5% (previous forecast – 7.1%).

Sakstat published adjusted data, saying that foreign direct investments (FDI) in 2013 amounted to $942 million. That volume has exceeding by 3% preliminary evaluation for that year and by 3.3% – FDI volume of 2012.

According to Sakstat, living wage for average consumer made up 128.2 lari in July. For average family, this showing amounted to 245.7 million lari.

Policy Institute of International School of Economics at Tbilisi State University (ISET Policy Institute) reported that consumer confidence index (CCI) decreased by 1.5 points in June, making up -11.4 points.

At that, the Institute said that CCI has increased in regions (by 1.7 points, to -9.5 points), while decreased in Tbilisi (by 7.2 points, to -14.6 points), connecting this with tourist season and noting that tourism is one of the main sources of income for residents of regions.

BG Capital, investment arm of Sakartvelos Banki (Bank of Georgia), told Sarke that trade with EBRD bonds, denominated in lari, “happens seldom”. The company did not provide details on turnover.

According to National Bank of Georgia, in total deposits, placed as of June 30 in 21 banks, operating in Georgia, fixed ones accounted for 43.06%.

If compared with the same period of 2013, share of fixed deposits has decreased by 2.82 percentage points (from respective 45.88%), but their volume has increased still by 12.27%, reaching 4.39 billion lari.

According to State Insurance Supervision Service, out of total premium, attracted in the 1^st quarter (88.51 million lari), Aldagi BCI and GPI Holding accounted for 58.81%.

Namely, share of Aldagi BCI was 29.54% (26.15 million lari, year-on-year decline – 23.44%), while share of GPI Holding – 29.26% (29.5 million lari, growth – 18.99%).

Economy and Sustainable Development Ministry reported that within state program “Produce in Georgia”, new pharmaceutical enterprise will be created in Tbilisi outskirt Lilo. Agreement on the subject was signed between Agency for Entrepreneurship Development and LLC Ynnovas today.