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Daily News


June 29, 2016

IN THIS ISSUE:

1. ECONOMY MINISTER: TRANSPARENT PLATFORM BEING ESTABLISHED BETWEEN ECONOMIC BLOCK AND JUDICIARY
2. THE PREMIER: WE WILL DEFINITELY INTRODUCE THE RIGHT SYSTEM OF TECHNICAL INSPECTION
3. THE GOVERNMENT: UP TO 60 BUSINESSMEN ATTENDED SWITZERLAND-GEORGIA BUSINESS FORUM
4. NBG: PRGE-ECF LOAN WILL BE PAID FULLY IN 2017
5. NBG INTRODUCED FPAS
6. NBG: REVEALS OF FORGED LARI BANKNOTES REDUCED IN NUMBER IN 2015, WHILE REVEALS OF FORGED US DOLLAR BANKNOTES – INCREASED
7. NATURAL DISASTER IN SHUAKHEVI AND KEDA MUNICIPALITIES DAMAGED INFRASTRUCTURE AND FLOODED LAND PLOTS
8. COMMUNICATION COMMISSION: VOLUME OF CONSUMED MOBILE INTERNET TRAFFIC HAS TREND OF SUBSTANTIAL GROWTH
9. REGULATORY COMMISSION: FIXED STATION FOR RADIO FREQUENCY SPECTRUM MONITORING IS EXPECTED TO BE BUILT AT LISI LAKE
10. REGULATORY COMMISSION: OFFICE OF PUBLIC DEFENDER OF CONSUMERS INTERESTS RECEIVED 263 COMPLAINTS IN 2015

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1. ECONOMY MINISTER: TRANSPARENT PLATFORM BEING ESTABLISHED BETWEEN ECONOMIC BLOCK AND JUDICIARY
Politics

Dimitri Kumsishvili, Minister of Economy and Sustainable Development, declared that transparent platform is forming between economic block of the government and judiciary, within which, role of judiciary is considered in terms of the country’s economic development.

“We all agreed that this platform is very important and useful, it is possible to set up thematic groups under it, enabling us to facilitate each other, have proper communication with our population, have proper communication with business”, Kumsishvili told journalists.

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2. THE PREMIER: WE WILL DEFINITELY INTRODUCE THE RIGHT SYSTEM OF TECHNICAL INSPECTION
Economics

“We will definitely introduce the right system of technical inspection that will be accessible, free from corruption and compliant with best European practices”, Prime Minister Giorgi Kvirikashivli declared.

The Premier said that situation with air pollution in Georgia is truly challenging and decision, made years ago regarding abolition of technical inspection, was absolutely erroneous.

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3. THE GOVERNMENT: UP TO 60 BUSINESSMEN ATTENDED SWITZERLAND-GEORGIA BUSINESS FORUM
Economics

Up to 60 businessmen attended Switzerland-Georgia business forum in Bern, administration of Georgian government reported. The event was organized by National Investment Agency of Georgia.

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4. NBG: PRGE-ECF LOAN WILL BE PAID FULLY IN 2017
Economics

National Bank of Georgia (NBG) declared that PRGF-ECF (Extended Credit Facility) of IMF will be repaid fully in 2017.

IMF’s loan represents 10-year PRGF (Poverty Reduction and Growth Facility) loan with interest rate of 0.5%, which balance cost as of December 31, 2015, made up 46.21 million lari, NBG noted.

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5. NBG INTRODUCED FPAS
Economics

National Bank of Georgia (NBG) announced about introduction of Forecasting and Monetary Policy Analysis System (FPAS), implemented in cooperation with leading global institutions. NBG has declared about publication of FPAS document today.

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6. NBG: REVEALS OF FORGED LARI BANKNOTES REDUCED IN NUMBER IN 2015, WHILE REVEALS OF FORGED US DOLLAR BANKNOTES – INCREASED
Economics

National Bank of Georgia reported that forged lari banknotes, revealed in 2015, reduced in number by 17.6% year-on-year. In turn, number of forged US dollar banknotes increased by 13.2%, while number of forged euro banknotes – by 31.6%.

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7. NATURAL DISASTER IN SHUAKHEVI AND KEDA MUNICIPALITIES DAMAGED INFRASTRUCTURE AND FLOODED LAND PLOTS
Economics

Government of Ajara declared that heavy rain on June 28 caused landslide and flooding in Shuakhevi municipality. The natural disaster damaged local roads, flooded agricultural land plots and properties of 10 families.

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8. COMMUNICATION COMMISSION: VOLUME OF CONSUMED MOBILE INTERNET TRAFFIC HAS TREND OF SUBSTANTIAL GROWTH
Economics

National Communication Commission declared that volume of mobile internet traffic, consumed in Georgia, has trend of substantial growth. In particular, the traffic totaled in 2015 to 14,558 TB, jumping year-on-year by 189.3%.

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9. REGULATORY COMMISSION: FIXED STATION FOR RADIO FREQUENCY SPECTRUM MONITORING IS EXPECTED TO BE BUILT AT LISI LAKE
Economics

National Communication Commission declared that fixed station for radio frequency spectrum monitoring will be built presumably on the ridge east from Lisi Lake in Tbilisi. Negotiations on the mentioned project are underway with relevant services of Tbilisi Mayor’s Office, the Commission said.

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10. REGULATORY COMMISSION: OFFICE OF PUBLIC DEFENDER OF CONSUMERS INTERESTS RECEIVED 263 COMPLAINTS IN 2015
Economics

National Communication Commission reported that 263 complaints were submitted to Office of Public Defender of Consumers Interests in 2015. Of them, 102 were written complaints, while 161 ones were made by phone.

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Exchange Rates (NBG)
  04/26/24 + / -
  USD   2.6760   0.0099
  EUR   2.8713   0.0091
  RUR   2.9096   0.0049
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