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1. 24 Saati: “IMF DEMANDS TO INCREASE INFLATION FROM TWO TO FOUR PERCENT”
   (Economic Press Monitor: February 18, 2010)

   In order to suppress recession, IMF demands from central banks of leading economies to increase inflation from 2% to 4%.

   According to experts’ estimation, it does not concern to Georgia, where inflation is not limited by 2%, but is expected at 6%.

2. Kviris Palitra: “DEPOSITS BECAME A BURDEN TO BANKS”
   (Economic Press Monitor: February 8, 2010)

   Banks started decreasing interest rates on deposits. TBC Bank and Republic in December, a bit earlier Sakartvelos Banki (Bank of Georgia) and ProCredit Bank, decreased annual interest in lari, euro and the US dollar by 1-1.5% on average.

3. Bankebi da Finansebi: “PRESIDENT OF NATIONAL BANK EXPOSES OIL IMPORTERS”
   (Economic Press Monitor: February 3, 2010)

   Devaluation of lari has caused significant changes on local market, although exchange rate did not changed greatly. Importers have reflected lari devaluation in the prices at once.

4. Rezonansi: “FUEL DECREASES IN PRICE EVERYWHERE EXCEPT GEORGIA”
   (Economic Press Monitor: February 3, 2010)

   Oil price decreased by almost $50-55 per 1 t on the world market. While in Georgia, oil companies are not going to lower prices on the fuel.

5. Rezonansi: “DEPUTIES BECAME INDIGNANT AT LARI DEVALUATION”
   (Economic Press Monitor: January 29, 2010)

   Guram Chakhvadze, representative of National-Democratic Party in the Parliament, regards that National Bank of Georgia (NBG) must stop lari devaluation. Lari instability will cause problems with import, he notes.

6. Rezonansi: “MUTUALLY EXCLUSIVE INFORMATION IS SPREAD CONCERNED TO NATIONAL CURRENCY”
   (Economic Press Monitor: January 28, 2010)

   Fluctuation of lari declined to fall, so that current rate is 1.7479 GEL/USD. As subtitle of the article reads, “Finance Minister expects devaluation of lari, experts – stabilization, National Bank keeps silence”.

7. Kviris Palitra: “MONEY-COMBUSTING FUEL BUSINESS”
   (Economic Press Monitor: January 25, 2010)

   Oil-product distributors Wissol Georgia, LUKOil Georgia, RomPetrol Georgia, Socar Georgia, Eco-Georgia and Senta increased retail prices by 5-10 tetri last week.

   According to Vano Mtvralashvili, chairman of the Georgian Union of Oil-Products Producers, Importers and Consumers, prices were increased by brand companies only.

8. NBG PRESIDENT EXPLAINS LARI RATE FLUCTUATIONS WITH SEASONAL FACTOR, DOLLAR STRENGTHENING AND ARISEN AGIOTAGE
   (Daily News: January 29, 2010)

   In the statement, published by National Bank of Georgia (NBG), NBG president Giorgi Kadagidze explains fluctuations of lari rate with short-term seasonal factor, strengthening of the US dollar on currency market and arisen agiotage.

   Short-term devaluation and strengthening of lari, being part of our policy, will always exist, but I want to stress that medium- and long-term stability of rate is guaranteed, Kadagidze says.

9. PRICE FOR FUEL RAISED BY 5-10 TETRI
   (Daily News: January 20, 2010)

   Chairman of the Union of Oil-Products Producers, Importers and Consumers Vano Mtvralashvili has informed on raise of price for all types of fuel by 5-10 tetri.

   Mtvralashvili explains growth by two factors.

10. Rezonansi: “WHAT IS LARI’S FUTURE”
    (Economic Press Monitor: January 12, 2010)

    Tendency of lari weakening is evident and obvious, the newspaper writes. Current lari exchange rate is 1.7006 GEL/USD, while it was 1.667 GEL/USD is the same period of last year.

11. Rezonansi: “HOW MUCH IS BUYING POWER OF LARI DECREASED”
    (Economic Press Monitor: December 4, 2009)

    The rate of lari is stable, but its purchasing power is decreasing day by day, because of the price growth, the newspaper says. However, representatives of banking sector do not share such opinion.

12. Kviris Palitra: “CITRUS EXPORT GEOGRAPHY NOT TO BE GROWN”
    (Economic Press Monitor: November 30, 2009)

    Citrus harvest of 2009 is expected at 118,000 t, though mandarins are of low quality because of bad weathers.

    Disadvantageous conditions are created for our exporters in Ukraine, the newspaper notes.

13. Rezonansi: “POLITICIANS BECAME INTERESTED WITH SPECULATIVE PRICES ON FUEL”
    (Economic Press Monitor: September 17, 2009)

    Conservative Party demands to establish strict control of pricing in trade with fuel.

    According to one of the party’s leaders Bidzina Gujabidze, the state mafia operates in the mentioned field, making millions at the expense of the population.

14. Kviris Palitra: “RECORD-BREAKING MANDARIN HARVEST EXPECTED THIS YEAR”
    (Economic Press Monitor: July 6, 2009)

    According to forecasts, current mandarin harvest will reach 90,000 t, exceeding 3 times last year’s showing. Behind crisis, problems may arise with realization of harvested citruses.

15. OIL-PRODUCTS PRODUCERS, IMPORTERS AND CONSUMERS UNION DOES NOT EXCLUDE GROWTH OF PRICES ON FUEL
    (Daily News: April 14, 2009)

    Oil-Products Producers, Importers and Consumers Union does not exclude that prices on fuel may increase in price in near future again. The Union supposes that retail prices may increase by 3-5 tetri.

16. Rezonansi: “CURRENCY MISBALANCE IN SOUTH CAUCASUS”
    (Economic Press Monitor: March 5, 2009)

    Demand for US dollar goes from strength to strength, while lari rate declines, the newspaper says. Experts do not expect a substantial devaluation of lari, but suggest that the rate may drop from 1.69 GEL/USD to 1.75 GEL/USD.

17. Rezonansi: “SPRING ECONOMIC FORECASTS”
    (Economic Press Monitor: February 25, 2009)

    The crisis has already affected all spheres – construction and banking, insurance, car retail trade, the newspaper says.

    Expert Soso Tsiskarishvili does not exclude that crisis may spread over trade as well.

18. Rezonansi: “WHAT FATE EXPECTS TO LARI IN 2009”
    (Economic Press Monitor: January 14, 2009)

    As the newspaper says, the public’s expectations to lari rate are not encouraging. Most of the population does not exclude further devaluation of the currency.

19. Rezonansi: “PRICE FOR FUEL IS “HOLD” ARTIFICIALLY”
    (Economic Press Monitor: December 26, 2008)

    Price of fuel decreases at the local market inadequately to the international trends, the newspaper says. Some politicians and the experts consider that such situation is created artificially, and Prosecutor’s Office should interfere in the mentioned.

20. Rezonansi: “EVEN WINTER DECEIVED TOURISM”
    (Economic Press Monitor: December 9, 2008)

    Besides political events, another problem for tourism became nature – alpine Gudauri and Bakuriani began winter season without snow.

    Namely, behind enhanced gas small hotels plan to increase cost rate by 20 lari per day at least.

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