Daily News

IN THIS ISSUE:

Sakstat reported preliminary data of January-September, according to which trade turnover with EU countries reached $2.19 billion, increasing by 8% year-on-year. Georgian export amounted to $458 million (growth – 23%), while import from EU – to $1.73 billion (growth – 5%).

Sakstat published preliminary data for January-September, according to which cars still occupied first place in Georgia’s top 5 exporting articles. However, export for this commodity group has decreased by 20.16% year-on-year, making up $408.57 million and accounting for 19% of total export (against of 25.4% a year ago).

Georgian Ministry of Environment and Natural Resources Protection signed today a cooperation memorandum with Development Agency of Czech Republic.

The document envisages implementation of project on “development of opportunities for prevention of major accidents in Georgia”.

Treasury Service of the Finance Ministry reported that in terms of budgetary funds, spent on economic activity in 9 months (617.2 million lari, plan fulfillment – 78.4%), transport is a leader with 357.62 million lari, accounting for 57.94% of total volume. However, 9-month plan in this direction is fulfilled by 77.8% only.

National Bank of Georgia (NBG) reported that the governmental securities, emitted in national currency, amounted as of September 30 to 1.4 billion lari. If compared with the same period of 2013, the volume has increased by 74.34%, while if compared with the end of June – by 12.03%.

National Agency of Public Registry reported about completion of introduction of GEO-CORS (network of permanent GPS base stations). After works, which were started in 2010, countrywide network numbers 23 stations.

General assembly of American Chamber of Commerce in Georgia (AmCham Georgia) elected president and 9 members of board for another 2-year term.

Co-owner and vice president of computer company UGT Sarah Williamson maintained position of the president, holding this post since 2012.

British tourism portal See.Place named Georgia among the top 10 world’s safest countries for living.

As short description of the country says, “The crime rate in Georgia is reported to be very low and is exactly why it has made it to eighth place in the safest countries in the world list”.

National Bank of Georgia reported that in 9 months of the year, volume of online banking transactions amounted to 352.91 million lari. If compared with the same period of 2013, the volume has increased by 26.37%.

Non-governmental organization Society and Banks said that “so far, mortgage loan on Georgian financial market is far from ideal conditions”.

“Unfortunately, these conditions are not suited for every customer type, the interest rate is high, while loan duration is short”, the organization said.

Sakartvelos Banki (Bank of Georgia) has signed today an agreement with German Investment Corporation (DEG) on loan allocation of $35 million. Duration of credit, envisaged for funding small and medium business in Georgia, makes up 5 years.