Daily News

IN THIS ISSUE:

According to data of the Finance Ministry as of June 30, Georgia’s foreign public debt to multilateral creditors amounted to $2.72 billion (66.71% of total foreign public debt), increasing by 2.21% year-on-year.

At that, debt to IMF decreased 2.59 times, amounting to $208.85 million.

Sakstat published preliminary estimations, saying that Georgia’s foreign trade with goods amounted in the first half of the year to $5.44 billion. If compared with adjusted data of the same period of 2013, turnover has increased by 15.57%.

National Bank of Georgia reported that out of total remittances to Georgia in the 2^nd quarter ($373.71 million), 83.46% accounted for 5 countries. Namely, remittances from Russia, Greece, Italy, the US and Turkey totaled to $311.92 million.

National Bank of Georgia reported that out of total remittances, transferred in the 2^nd quarter from Georgia abroad ($41.77 million), 61.01% accounted for 3 countries. Namely, remittances to Russia, Ukraine and Greece totaled to $25.48 million.

National Bank of Georgia reported that Golden Crown led in the 2^nd quarter in terms of remittances, transferred to Georgia.

Through this company, remittances of $98.61 million were transferred in the reporting quarter, increasing year-on-year by 24.47% and accounting for 26.38% of total volume of remittances to the country.

Georgia’s Prime Minister Irakli Garibashvili held a meeting with representatives of the US non-commercial organization Business Executives for National Security (BENS).

As the Premier’s press-service reported, the discussion scoped mainly transit potential and infrastructural projects of the country.

Agriculture Minister Shalva Pipia declared that following Deep and Comprehensive Free Trade Agreement, signed with EU (DCFTA), national program is developed, which envisages approval of about 90 legislative acts. The program describes all necessary requirements, including requirement on production standard, he said.

The government declared that Ministry of Education and Science has completed work on long-term strategy of the field development.

Main directions of the strategy were discussed at the meeting of Economic Council, which held under chairmanship of the Premier Irakli Garibashvili today, press-service of the government said.

Prime Minister Irakli Garibashvili declared that there are no plans on electricity tariff increase. Declarations on the subject “were purposeful campaign, which targeted misleading the population”, he said at the government meeting today.

Oil-Product Importers’ Union declared that European production occupies significant share in fuel import to Georgia.

Biggest part of petrol and diesel, imported in the first half of the year, was delivered from Romania 138,100 t (i.e. 35.9% of total volume).

Motor-Road Department declared that construction of 17-km section of Kutaisi bypass road and 14-km section of Kutaisi-Samtredia road will be completed this summer. For the moment, 80% of works are accomplished.

Insurance company Kopenbur, registered on May 8, got non-life insurance license. Accordingly, current number of Georgian insurance companies makes up 15.

Georgian Reconstruction and Development Company (GRDC, member of TBC Group), as owner of 98.4% of shares of Tbilisi Heating Plant, is going to apply to its legal right to buy-out remained stake. The matter concerns obligatory buy-out of 1.6%.

JSC Liberty Consumer reported loss of 413,000 lari for 2013. If compared with 2012, the volume has declined 4.53 times.