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Economic Press Monitor


April 18, 2022

IN THIS ISSUE:

1. PROBABLE DATE OF THE EPIDEMIC’S END – ONLY 340 INFECTED REMAIN IN HOSPITALS AND POSITIVITY IS BELOW 1%
2. ITALY, RUSSIA, THE US – THE COUNTRIES, FROM WHICH THE MOST REMITTANCES ARRIVED IN MARCH
3. “LIBERTY BANK” WILL HAVE NEW CEO

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1. PROBABLE DATE OF THE EPIDEMIC’S END – ONLY 340 INFECTED REMAIN IN HOSPITALS AND POSITIVITY IS BELOW 1%
Ecology & Health

Amiran Gamkrelidze, head of Georgian National Center for Disease Control and Public Health, thinks that this year, the World Health Organization (WHO) will announce end of the pandemic. Although, WHO maintains cautious approach to this issue, he noted.

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2. ITALY, RUSSIA, THE US – THE COUNTRIES, FROM WHICH THE MOST REMITTANCES ARRIVED IN MARCH
Macroeconomics & Budget

National Bank of Georgia (NBG) reported that in March, the EU countries accounted for 44.61% of total volume of remittances to the country ($193.1 million). Those include Italy with $36.5 million (18.9% of total), Greece – $18.95 million (9.8%), Germany – $11.31 million (5.9%), Spain – $4.69 million (2.4%).

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3. “LIBERTY BANK” WILL HAVE NEW CEO
Companies

Vasil Khodeli, who has held the CEO position in Liberty Bank since 2019, will leave the post in May, the magazine reports. A new CEO of the bank will become Beka Gogichaishvili.

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Exchange Rates (NBG)
  05/02/24 + / -
  USD   2.6797   0.0009
  EUR   2.8684   0.0101
  RUR   2.9172   0.0674
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