Search Results

1. Rezonansi: “FLOUR RAISED IN PRICE AGAIN, WHETHER DANGER THREATENS BREAD PRICE?”
   (Economic Press Monitor: November 29, 2019)

   This year, both wheat harvest in Georgia is decreased and grain supplies from Kazakhstan were not succeeded because of lean year, the newspaper says. All this creates danger to bread price, especially against the background of inflation or devaluation of lari, the article specifies.

2. Kviris Palitra: “BLAMING STREET PROTESTS OF LARI EXCHANGE RATE IS “PETTINESS””
   (Economic Press Monitor: November 25, 2019)

   Economist Akaki Tsomaia considers that currently, Georgia reaps results of de-dollarization and larization policy. National Bank of Georgia “missed control levers” – lari against the US dollar considerably depreciated and we got inflation, he specifies.

3. Rezonansi: “BUSINESS IS ALREADY SCARED – POLITICAL CHAOS UNDERMINES NATIONAL ECONOMY”
   (Economic Press Monitor: November 19, 2019)

   Project actions create next problems for Georgian economics, and already have been reflected in change of lari exchange rate, the newspaper says.

   The article brings comments of businessmen Vano Goglidze and Lasha Papashvili, economist Soso Simonishvili and financier Merab Janiashvili.

4. Bankebi da Finansebi: “THERE IS STILL IMMOBILITY ON THE REAL ESTATE MARKET”
   (Economic Press Monitor: November 14, 2019)

   Realization on Georgia’s real estate falls and, respectively, prices decline too, the newspaper says. That is caused by shortage of potential buyers, as people find more and more difficult to accumulate necessary sum in conditions of crediting restrictions and lari devaluation, the article specifies.

5. Forbes Georgia: “WHAT SHOULD WE EXPECT FROM THE TOUGHENED MONETARY POLICY?”
   (Economic Press Monitor: November 12, 2019)

   Monetary policy rate of National Bank of Georgia (NBG) makes up 8.5% now, being at the highest mark for the last 11 years. Reason of the rate increase became inflation, which was caused to some extent by devaluation of lari against the US dollar, the article reminds.

6. Netgazeti.Ge: “INFLATION GREW BECAUSE OF LARI DEVALUATION – GVENETADZE”
   (Economic Press Monitor: November 5, 2019)

   President of National Bank of Georgia (NBG) Koba Gvenetadze declares that “inflation growth is caused today by devaluation of lari”. In its turn, the devaluation is caused by “lower tourism income because of the ban on flights from Russia”, he explains.

7. Bankebi da Finansebi: “LARIZATION DEPRECIATED LARI”
   (Economic Press Monitor: November 1, 2019)

   Aiming building confidence in lari and economic stabilization, Georgian authorities at the beginning of 2017 have launched campaign of larization, i.e. dedollarization, the newspaper reminds.

   At the first stage, issuing of credits of up to 100,000 lari was permitted only in national currency, but this limit was increased since 2019 up to 200,000 lari, the article specifies.

8. IN 9 MONTHS, FUEL IMPORT DECREASED BY 4.3% Y-O-Y
   (Daily News: October 29, 2019)

   Georgian Union of Oil-Product Importers reported that Georgia’s import of petrol and diesel fuel amounted for 9 months of this year to 779,400 t. If compared with the same period of last year, the volume has decreased by 4.3%, the Union noted.

9. Rezonansi: “ECONOMIC GROWTH IS SACRIFICED TO STRENGTHENING OF LARI, HOWEVER EVEN THIS COULDN’T BE MANAGED SO FAR”
   (Economic Press Monitor: October 24, 2019)

   On October 23, National Bank of Georgia (NBG) raised the monetary policy rate (the refinancing rate) by 1 percentage point, up to 8.5%.

   This is already the third change during one and a half month, during which period the total increase made up 2%, being explained by pressure of lari exchange rate upon inflationary process and need of its ease, the newspaper says.

10. Bankebi da Finansebi: “FROM NOW ON, RESERVE REQUIREMENT ON FUNDS, ATTRACTED IN FOREIGN CURRENCY, DECREASES FOR BANKS BY 5%, TO 25%”
    (Economic Press Monitor: October 17, 2019)

    Referring to the order of president of National Bank of Georgia (NBG), the newspaper reports that minimal reserve requirement on funds, attracted in foreign currency, decreases for banks since October 17 by 5%, to 25%.

    As the article notes, main reason of the decision is impact of devaluation of lari on inflation.

11. Bankebi da Finansebi: “LARI NOT ONLY WILL BE STABILIZED, BUT ALSO BEGIN TO STRENGTHEN UNTIL END OF THE YEAR”
    (Economic Press Monitor: September 30, 2019)

    Georgia’s Finance Minister Ivane Machavariani assures that actions of National Bank of Georgia (toughening of monetary policy and currency intervention) “will bear fruits” and “lari not only will be stabilized, but also will begin to strengthen until end of the year”.

    The Minister insists that “fiscal policy, pursued by the authorities, does not promote devaluation of lari in any way”.

12. Forbes Georgia: “ADB DECREASED FORECAST OF GEORGIA’S ECONOMIC GROWTH”
    (Economic Press Monitor: September 26, 2019)

    Asian Development Bank (ADB) forecasts predicts Georgia’s economic growth at the level of 4.7% this year, the magazine reports. The article notes that this is by 0.3 percentage points lower in comparison with the previous forecast.

13. Tabula: “BECAUSE OF LARI DEVALUATION, FOREIGN DEBT INCREASES BY 43M LARI”
    (Economic Press Monitor: September 24, 2019)

    Amendments to Georgia’s state budget-2019, which are submitted to the Parliament, indicate that cost of foreign debt service increases by 43 million lari, Tabula reports.

    The article notes that the government names as the main reason of that fluctuations of exchange rate of national currency.

14. NBG TO HOLD EXTRAORDINARY MEETING OF MONETARY POLICY COMMITTEE
    (Daily News: September 20, 2019)

    National Bank of Georgia (NBG) declared that extraordinary meeting of Monetary Policy Committee will be held on September 25. As NBG said, the Committee will discuss the monetary policy rate.

15. “TI GEORGIA”: RATIO OF PUBLIC DEBT TO GDP EXCEEDS ITS TARGET INDICATOR
    (Daily News: September 11, 2019)

    Ratio of Georgia’s public debt to GDP already exceeds the target indicator of 40%, envisaged by strategy of socio-economic development of Georgia (“Georgia 2020”), and estimated indicator for 2019, provided by the debt management strategy of the Finance Ministry (41.4%), said TI Georgia, Georgian branch of Transparency International.

    The government has to have clear strategy and political will, how to secure achievement and maintenance of target indicator of the debt, the organization declared.

16. Tabula: ““TBC”: COST OF ONE DOLLAR SURPASSED 3 LARI”
    (Economic Press Monitor: September 4, 2019)

    In commercial banks, devaluation of national currency continues, Tabula says.

    In particular, the article reports that exchange rate in TBC Bank makes up now 3.0150 GEL/USD.

17. Tabula: “NATIONAL BANK: THERE IS NO CONNECTION BETWEEN GROWTH OF MONEY SUPPLY AND CHANGE OF EXCHANGE RATE”
    (Economic Press Monitor: September 2, 2019)

    National Bank of Georgia (NBG) says that money supply in the country is automatically held according to increase of demand.

    “As demand for money respectively grows along with growth of economy, growth of monetary aggregates reflects only increase of demand for money, but not the excessive supply of money to economy”, NBG points.

18. Rezonansi: “IMPORTERS’ FORECAST CAME TRUE – PRODUCTS EN MASSE HAVE RAISED IN PRICE”
    (Economic Press Monitor: August 15, 2019)

    Georgian distributors executed their pre-announced decision and increased prices almost on all products in recent days by 5-12%, the newspaper reports.

    While explaining the move, importers point mainly at devaluation of lari.

19. Forbes Georgia: ““G&T” EXPECTS STRENGTHENING OF LARI TO THE MARK OF 2.75-2.80 UNTIL END OF THE YEAR”
    (Economic Press Monitor: August 8, 2019)

    Investment bank Galt&Taggart (G&T) expects strengthening of lari to 2.75-2.80 GEL/USD until end of the year, the magazine reports.

    In 2020, lari has to become even stronger and will fluctuate within 2.60-2.65 GEL/USD, G&T forecasts.

20. NBG: IN CASE OF NEED, WE WILL USE ALL AVAILABLE TOOLS, INCLUDING CURRENCY INTERVENTIONS
    (Daily News: August 6, 2019)

    “Short-term dynamics of lari exchange rate is influenced by many factors and reaction has to be carried out in various directions”, National Bank of Georgia (NBG) declared.

    “We will act, seeking long-term stability of the rate and, in case of need of additional interference, we will use all available tools, including currency interventions, in order to not allow high inflation”, NBG said in the statement released today.

Pages:

4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  21  22