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Your query was: devaluation
Articles found: 610



Displaying page 11 with matches: 201 - 220

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  1. Kviris Palitra: “TRUMP IN “ECONOMIC” BENDS”
    (Economic Press Monitor: November 14, 2016)

    America holds 5-6% of Georgia’s total trade turnover and number of programs and infrastructure projects in the country are financed by American money, grants and credits, the newspaper says.

    “According to unofficial data, about 100,000 Georgian emigrants live in America, some of them reside there illegally, and if Donald Trump [president elect of the US] keeps his pre-election promises, the results may affect us as well”, the article states.

  2. Liberali: “PRIME MINISTER: LARI DEVALUATION IS CAUSED BY POSITIVE PROCESS – CONSUMPTION IS INCREASED”
    (Economic Press Monitor: November 14, 2016)

    While commenting on lari devaluation, Prime Minister Giorgi Kvirikashvili pointed that “Consumption in the country is significantly increased”, besides, “Prices on export, key markets have dropped drastically, export failed to overtake import and the mentioned led to the situation what we have now”. “Import correction has been already started and the rate will be definitely stabilized”, he assured.

  3. “UNM” MEMBER: THE GOVERNMENT BREACHES LEGAL LIMIT OF DOMESTIC DEBT
    (Daily News: November 11, 2016)

    Member of opposition United National Movement, ex-president of National Bank of Georgia Roman Gotsiridze declares that “the government breaches legal limit of domestic debt, which upper limit makes up 200 million lari”. “By now, they have borrowed by 168 million lari more”, he points.

  4. Forbes Georgia: “WHAT’S WRONG WITH LARI?”
    (Economic Press Monitor: November 10, 2016)

    The article reviews factors, affecting lari rate.

    “Executive power assures that recent devaluation of lari is not caused by fiscal pressure, as it was observed in 2013 because of uneven budget spending [Georgian] Dream’s government”, the magazine reports.

  5. YOUNG FINANCERS AND BUSINESSMEN’S ASSOCIATION: ELECTRICITY TARIFF GROWTH IS NOT ON THE AGENDA AMID LARI RATE FLUCTUATION
    (Daily News: November 9, 2016)

    Andria Gvidiani, analyst at Young Financers and Businessmen Association, considers that recently voiced opinions on possible increase of power tariff are driven by lari devaluation.

    “Of course, lari devaluation affects the tariff quite significantly (in 2015, exactly the mentioned served as reason for tariff growth), but electricity tariff growth because of lari rate fluctuation is not on the agenda today”, Gvidiani states.

  6. ISET POLICY INSTITUTE: CCI ADDED 13 POINTS
    (Daily News: November 8, 2016)

    Policy Institute at International School of Economics in Tbilisi State University (ISET) declared that its Consumer Confidence Index (CCI) added 13 points in September. This is the single largest monthly increase in the Index since its launch more than 4 years ago, the researches note.

  7. Forbes Georgia: “BANKS IN GEORGIA”
    (Economic Press Monitor: November 7, 2016)

    The article reviews major trends and events of banking sector in 2015.

    As of December 31, 2015, credit portfolio of banking sector exceeded 16 billion lari and annual growth without exchange rate effect made up 5.5%, which is a result of slowed economic growth and inflationary expectations, the magazine says.

  8. Kviris Palitra: “CHRONICLE OF A DEVALUATION UNDECLARED?”
    (Economic Press Monitor: November 7, 2016)

    For the last month, value of dollar in lari expression has been increased by almost 15 tetri, the newspaper says.

    Economic expert Soso Archvadze notes that exchange rate in draft budget (of 2017) is envisages at 2.4 GEL/USD, while average rate for 10 months of this year was around 2.3 GEL/USD.

  9. Tabula: “BOKERIA: LARI DEVALUATION IS TAKING MONEY FROM OUR POCKET BY “GEORGIAN DREAM””
    (Economic Press Monitor: November 4, 2016)

    Foreign relations secretary of United National Movement Giga Bokeria assesses that lari devaluation “is direct result of harmful and incompetent policy of Ivanishvili [ex-premier, billionaire] and his marionettes’ team”.

    “Ivanishvili and his team financed maintenance of own power on the expense of impoverishment of our people, as lari devaluation is nothing else, but taking money from our pocket by Ivanishvili and his team”, Bokeria considers.

  10. Bankebi da Finansebi: “TALKS ABOUT FUNDAMENTAL ISSUES IN REGARD TO LARI DEVALUATION IS IMPOSSIBLE”
    (Economic Press Monitor: November 3, 2016)

    Former vice-president of National Bank of Georgia Merab Kakulia notes that large financial transactions, conducted recently on the local market (bank acquisition), “caused certain tension on the market”.

    “As this transaction was permitted and sanctioned by state agencies, I think that it was possible to conduct it in more organized way”, Kakulia says.

  11. NBG: INFLATION FORECAST REVISED TOWARD DECREASE
    (Daily News: November 2, 2016)

    Monetary Policy Report of National Bank of Georgia (NBG), being released today, states that forecast of inflation was revised toward decrease in comparison with the previous quarter. If previous report had forecasted inflation exceeding 3% by end of 2016, current report expects that it will be below 3%.

  12. Kviris Palitra: “SO CALLED HOT MONEY “BOILED” LARI RATE [?!]”
    (Economic Press Monitor: October 31, 2016)

    Last week, lari rate has passed mark of 2.4 GEL/USD and there is not so much left to the highest mark of devaluation (2.4985 GEL/USD), the newspaper notes.

    The article brings comments of two experts, David Aslanishvili and Mikheil Dundua.

  13. Rezonansi: “THE COUNTRY IS IN MONETARY TRAP BEFORE ELECTIONS!”
    (Economic Press Monitor: October 28, 2016)

    New official exchange rate approached to 2.41 GEL/USD, while in currency exchange outlets it even exceeded 2.42 GEL/USD, which means that we have not such a high rate during the last 8 months, the newspaper states.

    “The government is losing control over the situation, but continues talking about “welfare and rapid development” [election slogan of ruling Georgian Dream] in the eve of the second round of the elections”, stated in the article.

  14. Tabula: “FOOD IMPORT IN GEORGIA DECLINED BY 19.4%”
    (Economic Press Monitor: October 28, 2016)

    Sakstat reported that food import in January-September made up $616 million, which is by 19.4% less than a year ago. Import declined in 2015 as well, fixing reduction of 20% then, the magazine points.

  15. Tabula: “GOTSIRIDZE: THE GOVERNMENT AND NATIONAL BANK HAVE CAUGHT LARI IN PRE-ELECTION PERIOD”
    (Economic Press Monitor: October 28, 2016)

    Member of United National Movement, former president of National Bank of Georgia (NBG) Roman Gotsiridze considers that the government and NBG “have caught lari in pre-election period”.

    “Whatever they say for justification or reasons they are brought, whether large transactions or merger of TBC Bank and [bank] Republic, about $180 million was spent in 1 months and 10 days”, Gotsiridze declared in air of broadcasting company Tabula (program Theorem).

  16. Rezonansi: “RETURN OF LARI IS IMPOSSIBLE. IMPORTERS ARE GETTING READY FOR PRICE RAISE”
    (Economic Press Monitor: October 26, 2016)

    As soon as any of the ministers comes out with statement on exchange rate regulation, lari begins dropping its value immediately, the newspaper notes.

    Expert David Tsikaridze explains lari devaluation with weak economic policy.

  17. Bankebi da Finansebi: “WILL OIL-PRODUCTS’ PRICE CONTINUE TO GROW OR NOT”
    (Economic Press Monitor: October 20, 2016)

    For the last 2 days, all local companies have raised fuel price by 4-6 tetri, the newspaper reports.

    Vano Mtvralashvili, head of the Oil-Products Importers Union, points that OPEC’s decision to reduce oil extraction has resulted in significant price growth on international market of oil-products.

  18. Rezonansi: “NOTHING CAN HELP LARI UNTIL SPRING”
    (Economic Press Monitor: October 18, 2016)

    Currently, lari devaluation has been explained with one-time large transaction and this process could be continued for 3-4 weeks and is expected to be completed until end of the year, the newspaper says.

    The article points that end of the year is the time for foreign debts repayment and this factor will affect currency market too.

  19. Forbes Georgia: “WITH LEADER’S POSITION IN THE PREMIUM SEGMENT”
    (Economic Press Monitor: October 18, 2016)

    After acquisition of bank Republic, TBC Bank has become a leader bank in Georgia in terms of loans and deposits, the magazine points.

    Responding to doubts that the mentioned fact could make local market less competitive, deputy head of supervisory board of TBC Bank Badri Japaridze assures that banks’ consolidation does not limit competitive environment.

  20. Forbes Georgia: ““FINCA”’S BANKING TRANSFORMATION”
    (Economic Press Monitor: October 13, 2016)

    FINCA Bank Georgia is distinguished with high larization of portfolio, the magazine points. If most of local banks have 60-65% of their portfolio in foreign currency, this bank has the same ratio, but in favor of lari, stated in the article.

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