Economic Press Monitor
November 25, 2014
IN THIS ISSUE:
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| 1. |
LARI RATE ON THE BRINK OF PANIC!
Macroeconomics & Budget
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During a week, national currency has devaluated against the US dollar by 3.2% and exchange rate exceeded 1.82 GEL/USD, says the newspaper. The newspaper recalls devaluation in the end of 2013 and notes that National Bank of Georgia (NBG) then stopped the process at the mark of 1.79 GEL/USD.
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| 2. |
THE BUDGET TO BE BROKEN THIS YEAR AGAIN!
Macroeconomics & Budget
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The article reports that according to 10-month data, the budget collected 7.174 billion lari, which is 78% of the plan. In order to fulfill the annual plan in remained 2 months, mobilization of 2 billion lari is needed.
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| 3. |
AMAZING DEMAND ON HAZELNUT SEEDLINGS
Agriculture & Food
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Compared with the previous tear, sales of hazelnut seedlings increased by 25-30%. One seedling costs within 0.50-2.00 lari.
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