Daily News

IN THIS ISSUE:

According to last information of Georgian Central Election Commission (CEC), results of intermediate and early elections, which took place on May 19, are counted for all 410 polling precincts.

According to preliminary data, there will be 2^nd round of elections in Tbilisi’s majority constituency Mtatsminda, the CEC reported.

Sakstat reported that Georgia’s unemployment rate in the 1^st quarter made 12.8%, decreasing year-on-year by 1.2 percentage points (pp).

To compare, unemployment rate in 2018 has decreased year-on-year by 1.2 pp and made up 12.7%.

National Bank of Georgia reported that in the 4^th quarter of 2018, ratio of Georgian households’ debt to GDP of the country made up 36.7%.

To compare, the ratio in the 4^th quarter of 2017 made up 33.4% (i.e. year-on-year growth was 3.3 percentage points (pp)).

Managing director of the IMF Christine Lagarde arrived with her first ever working visit to Georgia (May 19-21).

At the news conference, joint with Lagarde, Georgia’s Prime Minister Mamuka Bakhtadze declared today that IMF unambiguously positively estimates ongoing reforms in Georgia and the program, which is implemented with assistance of the Fund.

Georgia’s Minister of Economy and Sustainable Development Natia Turnava declared that digital space of so-called “Business House” will be launched before completion of construction of the house itself. Citizens will be able to track own application and to obtain necessary information from house or branch of any bank, she explained.

Chief of Georgian Service on Supervision over Accounting, Reporting and Audit approved rule of assignment of the status of certified accountant. Respective order has entered in force upon publication (on May 20).

Georgian Ministry of Regional Development and Infrastructure declared about start of construction of part of East-West Highway (E60), which passes Rikoti pass (between eastern and western parts of Georgia).

As the Ministry noted, works are underway on Khevi-Ubisa (12.2 km) and Ubisa-Shorapani (13 km) sections.

Modernization of Kutaisi bypass road (construction of 4-lane highway) is begun, Georgian Ministry of Regional Development and Infrastructure reported. Construction is planned to complete in the end of 2020.

Georgian National Communication Commission reported that advertising income of broadcasters of the country increased in the 1^st quarter by 8% year-on-year. In turn, their total advertising time increased by 25%, the Commission said.

Georgian Civil Aviation Agency declared that Georgian Airways will conduct during summer navigation season charter flights from Tbilisi, focused on transportation of tourists. The flights will be made by Boeing 737, Embraer ERJ-190 and CRJ-200, the Agency noted.