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Daily News


January 26, 2015

IN THIS ISSUE:

1. MASTERING OF THE GOVERNMENTAL RESERVE FUND’S ALLOCATION MADE UP 97.06%, OF THE PRESIDENTIAL FUND – 99.04%
2. NUMBER OF VISITS TO GEORGIA INCREASED IN 2014 BY 2%, TRANSIT DECLINED
3. VAKHTANG GOMELAURI NOMINATED AS NEW INTERIOR MINISTER
4. TRADE WITH AND REMITTANCES FROM UKRAINE DECLINED IN 2014
5. GEORGIA-LITHUANIA INTERGOVERNMENTAL ECONOMIC COMMISSION TO HOLD FIRST SESSION IN NEAR FUTURE
6. AYFB: EXPORT DECLINED ONLY IN CARS AND ALCOHOLIC BEVERAGES
7. COOPERATION MEMORANDUM HAS BEEN SIGNED BETWEEN PARTNERSHIP FUND AND HUNGARIAN “EXIM BANK”
8. TBILISI CITY HALL: CONSTRUCTION OF HOTEL “BUDAPEST” NOT TO RESUME UNTIL CORRECTION OF ARCHITECTURAL DESIGN’S VIOLATION
9. INCOME OF “RUSTAVI-2” INCREASED IN Q4 2014 BY 17.47% Y-O-Y, OF “IMEDI” – BY 7.94%
10. GEORGIAN STOCK EXCHANGE INDEX DECLINED BY 11.52% THROUGH 2014
11. STOCK EXCHANGE TURNOVER IN Q4 2014 INCREASED 5.27 TIMES Y-O-Y
12. TOTAL VALUE OF OTC DEALS IN Q4 2014 INCREASED 12.77 TIMES Y-O-Y

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1. MASTERING OF THE GOVERNMENTAL RESERVE FUND’S ALLOCATION MADE UP 97.06%, OF THE PRESIDENTIAL FUND – 99.04%
Economics

Treasury Service of the Finance Ministry reported that the governmental reserve fund made up 144 allocations in 2014 with total volume of 85.25 million lari. At that, factual spending amounted to 82.74 million lari (i.e. mastering of allotted funds made up 97.06%).

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2. NUMBER OF VISITS TO GEORGIA INCREASED IN 2014 BY 2%, TRANSIT DECLINED
Economics

Informational-analytical department of the Interior Ministry reported that number of visits to Georgia totaled in 2014 to 5.49 million. If compared with 2013, the number has increased by 2%.

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3. VAKHTANG GOMELAURI NOMINATED AS NEW INTERIOR MINISTER
Politics

Prime Minister Irakli Garibashvili has named Vakhtang Gomelauri as candidate for Interior Minister’s post today. Until now, Gomelauri was First Deputy Minister.

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4. TRADE WITH AND REMITTANCES FROM UKRAINE DECLINED IN 2014
Economics

Sakstat published preliminary data of Georgia’s trade for 2014, saying that the country’s import from Ukraine amounted to $546.14 million (6.4% of total volume – the 5th position). If compared with 2013, the volume has decreased by 9.33%.

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5. GEORGIA-LITHUANIA INTERGOVERNMENTAL ECONOMIC COMMISSION TO HOLD FIRST SESSION IN NEAR FUTURE
Politics

Georgian government’s administration announced that Georgia-Lithuania intergovernmental economic commission will hold its first session in near future.

Respective agreement was reached at the enlarged meeting of the two countries’ governmental representatives, held today.

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6. AYFB: EXPORT DECLINED ONLY IN CARS AND ALCOHOLIC BEVERAGES
Economics

Referring to Sakstat, Association of Young Financiers and Businessmen declared that decrease in Georgian export was fixed in 2014 in cars and alcoholic beverages only, where decline made up respective 27% and 5%.

“Decline happened due to decrease in cars’ re-export, which has its objective reason”, vice-president of the Association Shota Gulbani declared at the news briefing today.

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7. COOPERATION MEMORANDUM HAS BEEN SIGNED BETWEEN PARTNERSHIP FUND AND HUNGARIAN “EXIM BANK”
Economics

Partnership Fund reported about cooperation memorandum, being signed with Hungarian Exim Bank. The document was signed within frames of the working visit to Hungary of the Fund’s management.

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8. TBILISI CITY HALL: CONSTRUCTION OF HOTEL “BUDAPEST” NOT TO RESUME UNTIL CORRECTION OF ARCHITECTURAL DESIGN’S VIOLATION
Business

Tbilisi City Hall said that urban supervision service revealed violation of approved design of hotel Budapest (Chavchavadze Ave. 68). “Until correction of the violation, construction works will not resume”, the City Hall declared in the statement spread today.

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9. INCOME OF “RUSTAVI-2” INCREASED IN Q4 2014 BY 17.47% Y-O-Y, OF “IMEDI” – BY 7.94%
Business

National Communication Commission reported that income of Rustavi-2 broadcasting company amounted in the 4th quarter of last year to 17.86 million lari. If compared with the same period of 2013, the income has increased by 17.47%.

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10. GEORGIAN STOCK EXCHANGE INDEX DECLINED BY 11.52% THROUGH 2014
Economics

Georgian Sock Exchange reported that its index GSX made up 103.42 points as of December 31, 2014. If comparing to the end of 2013, the index has declined by 13.46 points (by 11.52%).

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11. STOCK EXCHANGE TURNOVER IN Q4 2014 INCREASED 5.27 TIMES Y-O-Y
Economics

Georgian Sock Exchange reported that total value of deals, concluded in its trading system in the 4th quarter of 2014, amounted to 464,839 lari. If compared to the same period of 2013, the volume has increased 5.27 times.

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12. TOTAL VALUE OF OTC DEALS IN Q4 2014 INCREASED 12.77 TIMES Y-O-Y
Economics

Georgian Sock Exchange reported that total value of OTC deals, concluded in the 4th quarter of 2014, amounted to 36.68 million lari. If compared to the same period of 2013, the volume has increased 12.77 times.

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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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