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Your query was: devaluation
Articles found: 610



Displaying page 23 with matches: 441 - 460

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  1. Versia: “WHAT AFFECT RUSSIAN CURRENCY FAILURE WILL HAVE ON GEORGIAN ECONOMY?”
    (Economic Press Monitor: December 19, 2014)

    While commenting to the newspaper events in Russian economy, founder of Center for Economic Development Roman Gotsiridze declares that “the main threat is decline of remittances from Russia”. “Everything else can be dealt with”, he regards.

  2. Tabula: “JAPARIDZE: WHEN LARI DEVALUATES, FOOD STAFF AND DRUGS INCREASE IN PRICE”
    (Economic Press Monitor: December 19, 2014)

    Zurab Japaridze, executive secretary of United National Movement, declares that “event most felt for population by the end of previous as well as by the end of this year, is devaluation of lari”.

    Devaluation of lari is followed by price increase on drugs and foodstuff, Japaridze declared in live show of broadcasting company Tabula.

  3. Netgazeti.Ge: “WINE COMPANIES SUSPENDED EXPORT TRANSPORTATIONS TO RUSSIA”
    (Economic Press Monitor: December 18, 2014)

    Due to drop of Russian rouble, export supplies of wine companies to Russian market have been suspended, the newspaper reports.

    Head of Tbilgvino Giorgi Margvelashvili told the newspaper that Russian partners have postponed December orders.

  4. AYFB ANALYST: THERE IS NO STRONG CORRELATION BETWEEN EXCHANGE RATE AND INFLATION IN GEORGIA
    (Daily News: December 16, 2014)

    Paata Bairakhtari, analyst at Association of Young Financiers and Businessmen’s (AYFB), declared that “there is no strong correlation between exchange rate and inflation in Georgia”. At the news briefing today, he brought examples of past years’ data.

  5. YFBA: “THERE IS A REASONABLE DOUBT, THAT DEVALUATION OF LARI HAS BEEN MADE ARTIFICIALLY”
    (Daily News: December 11, 2014)

    Young Financiers and Businessmen Association (YFBA) considers that “there is a reasonable doubt that devaluation of lari has been made artificially”.

    At the news briefing today, YFBA vice-president Shota Gulbani has declared that “there was no single prerequisite of lari devaluation”.

  6. “PMCG”: SHARP DETERIORATION OF EXCHANGE RATE CAUSED BY SPECULATIVE BEHAVIOR OF THE MARKET PLAYERS AND PANIC CURRENCY CONVERSION
    (Daily News: December 11, 2014)

    Policy and Management Consulting Group (PMCG) declared that players’ speculative market behavior and panic conversion of currency by population, as well as by business, have caused sharp deterioration of the exchange rate.

    During the peak period in early December, $1 has been sold for about 2.05 lari, which is abnormally high mark despite the fundamental reasons, influencing lari exchange rate (deterioration of the country’s trade balance, reduction of foreign remittances, delay in inflow of tourists), the company pointed.

  7. Rezonansi: “THE GOVERNMENT PLAYED WITH LARI”
    (Economic Press Monitor: December 11, 2014)

    Reasons of national currency’s sharp drop and following rapid strengthening are unknown for public, says the newspaper. Last Friday, official exchange rate made up 1.95 GEL/USD, commercial one (i.e. rate in currency exchange offices) – 2.03 GEL/USD, while now it makes up 1.8918 GEL/USD, says the article.

  8. Rezonansi: “DELIBERATE SPECULATION!”
    (Economic Press Monitor: December 9, 2014)

    National currency starts strengthening, the newspaper states, bringing experts’ comments on recent devaluation of lari.

    Lia Eliava regards that “lari rate drop is not related to economic processes in the country.

  9. Kviris Palitra: “THE GOVERNMENT MUST BECOME RECONCILED EITHER WITH FAILED BUDGET OR WITH DEVALUATED LARI”
    (Economic Press Monitor: December 8, 2014)

    Lari is devaluating, while the government declares that country’s financial and macroeconomic stability is not in danger, the newspaper says.

    However, the author of the article regards that the government must become reconciled either with the failed budget or with devaluated lari.

  10. NBG PRESIDENT: DEVALUATION OF NATIONAL CURRENCY HAS BOTH DOMESTIC AND OUTER REASONS, WHILE WAY OUT IS IN ECONOMIC GROWTH
    (Daily News: December 5, 2014)

    Giorgi Kadagidze, president of National Bank of Georgia (NBG), declared that devaluation of national currency has both domestic and outer reasons.

    “Together with dollar, reaching its historic strenght for last 7 years, we have weakening or decline of major domestic inflows of currency”, Kadagidze pointed at the news briefing today.

  11. NBG PRESIDENT: RECENT PROCESSES ARE CONDITIONED BY AGIOTAGE BEHAVIOR
    (Daily News: December 5, 2014)

    Giorgi Kadagidze, president of National Bank of Georgia (NBG), declared that recently developed processes are conditioned by agiotage behavior of market participants, “which are generally characteristic for financial markets in this time”.

    “As a rule, central banks do not comment on short-term currency fluctuations, but significantly deteriorated economic expectations and non-standard fluctuations of national currency are obvious”, Kadagidze pointed at the briefing today.

  12. MP ZURAB JAPARIDZE: ISSUE OF RESPONSIBILITY OF ECONOMIC BLOCK’S MINISTERS MUST BE PUT
    (Daily News: December 4, 2014)

    Zurab Japaridze, MP from oppositional United National Movement, declared that “in order to save lari”, issue of responsibility of economic block’s ministers must be put first of all.

    “Issue of responsibility of Economy and Finance Ministers had to be put already last year, when gap appeared in the budget for the first time in recent years”, noted Japaridze at the news briefing today.

  13. Netgazeti.Ge: “KHADURI: PANIC CAN NEGATIVELY AFFECT LARI EXCHANGE RATE”
    (Economic Press Monitor: December 4, 2014)

    Finance Minister Nodar Khaduri claims that “impact of state budget on decline of lari exchange rate against dollar is equal to zero”. “There is no impact from the budget side on the growth of money supply”, he insists.

  14. Bankebi da Finansebi: “ANATOMY OF LARI DEVALUATION”
    (Economic Press Monitor: December 2, 2014)

    President of the Association of Young Financiers and Businessmen Nodar Chichinadze notes that reasons of lari devaluation should be sought at least in one-year dynamics of macroeconomic parameters.

    In this regard, the most valuable factors, which caused lari devaluation, are monetary policy and foreign trade, says Chichinadze.

  15. Rezonansi: “LARI IS AMONG THE MOST DEVALUATED CURRENCIES”
    (Economic Press Monitor: December 2, 2014)

    In one year, Georgian currency has went backward by 8.2%, says the newspaper and notes than similarly to Georgian lari, currencies of neighboring countries, except Azerbaijan’s manat, have devalued against the US dollar and euro as well.

    Last year, devaluation of lari started in November and by the end of January, the exchange rate of lari against the US dollar was 1.79 GEL/USD, while as of December 1 of this year – 1.842 GEL/USD.

  16. Kviris Palitra: “THE SECOND ECONOMIC SLAP IN THE FACE?”
    (Economic Press Monitor: December 1, 2014)

    The article brings comment of Roman Gotsiridze, former president of National Bank of Georgia (NBG) and chairman of Economic Development Center, regarding lari devaluation.

    Gotsiridze says that “Under floating rate regime, such fluctuation is natural and intervention is not desirable”, noting: “if not fear of the previous year, we might not pay extra attention to this fluctuation”.

  17. Rezonansi: “LARI LOSES HARDLY WON TRUST”
    (Economic Press Monitor: November 28, 2014)

    Trust towards devaluated lari has being lost again. Especially those people suffer, who have taken loans in dollars, moreover, there have been emerged already expectations of products’ price rise.

  18. ISET: IF NBG DOES NOT INTERVENE IN THE PROCESSES, LARI DEVALUATION IS EXPECTED TO CONTINUE UNTIL END OF THE YEAR
    (Daily News: November 27, 2014)

    International School of Economics at Tbilisi State University (ISET) responded to recent devaluation of lari towards the US dollar, saying on its Facebook page that the reason is that “a huge part of the budget is spent exactly by the end of the year”.

    “If National Bank of Georgia does not interfere in the processes, lari devaluation is expected to continue until end of the year”, ISET regards.

  19. Tabula: “NODAR KHADURI: THE BUDGET HAS ZERO IMPACT ON LARI EXCHANGE RATE”
    (Economic Press Monitor: November 27, 2014)

    Finance Minister Nodar Khaduri states that the budget has no impact on lari exchange rate, the magazine reports. The body, defining monetary policy in the country, is National Bank of Georgia (NBG), the Finance Minister points.

  20. Rezonansi: “IF LARI DROPS FURTHER, THE PRODUCT WILL WENT UP IN PRICE”
    (Economic Press Monitor: November 26, 2014)

    While commenting recent devaluation of national currency, expert Soso Archvadze says that sharp fluctuation of the rate and drop of national currency have a negative impact on the market and create basis for inflation’s provocation.

    “If big part of population regards that the rate will drop tomorrow and the situation gets more severe, their actions make a serious correction in the inflation level”, Archvadze explains.

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