Georgian English Russian Main Register Company Partners Feedback
Sarke Information Agency
Georgian/English/Russian Menu

Daily News
Economic Press Monitor
Special Report
 
Georgian Business Ethics Web Conference


Search Results


Your query was: devaluation
Articles found: 502



Displaying page 5 with matches: 81 - 100

Note: Please login to get full access to the articles. If you are still not the Sarke's user, please register.

  1. Tabula: “RUSTAVI-TBILISI TRAVEL BY MINI BUS RAISED IN PRICE”
    (Economic Press Monitor: December 5, 2016)

    From December 4, mini bus travel on Rustavi-Tbilisi route has raised in price by 20 tetri and costs 1.50 lari now, the magazine reports.

    Company Intertrans confirms this information and explains it with national currency devaluation, the article says.

  2. Forbes Georgia: “RAPID LARI DEVALUATION WAS DRIVEN BY ANNOUNCEMENT OF THE GOVERNMENT’S ACTION PLAN”
    (Economic Press Monitor: December 2, 2016)

    Economist Beso Namchavadze estimates that “when lari is dropping in value by 15 tetri in a single day, this could not been explained by some serious changes in economic, such changes could not happen in one day”.

    “We are dealing with change of expectations”, Namchavadze states.

  3. NBG: CURRENT SHARP FLUCTUATION OF EXCHANGE RATE IS NOT DRIVEN BY PROCESSES ONGOING IN THE COUNTRY’S ECONOMY
    (Daily News: December 1, 2016)

    National Bank of Georgia released a statement today, which points that “sharp fluctuation of exchange rate on currency market is not fueled by processes ongoing in the country’s economic”.

    “For the moment, exchange rate on the market has overstepped the mark that is established by fundamental factors”, NBG stresses.

  4. Forbes Georgia: “IN OCTOBER, 248M LARI WAS DEFICIENTLY SPENT FROM THE BUDGET”
    (Economic Press Monitor: December 1, 2016)

    Referring to data of the Finance Ministry, the magazine reports that in September, deficit of consolidated budget (combine of state and local budgets) made up 248 million lari.

    The deficit was financed as follow: 115 million lari – through foreign borrowing, 88 million lari – domestic borrowing and 45 million lari – by means of the balance account of consolidated budget, the article says.

  5. Rezonansi: “ECONOMY IS IN TRAP, TALKS STARTED EVEN ABOUT DEFAULT”
    (Economic Press Monitor: November 29, 2016)

    In line with the budget 2016, the government had to borrow on domestic market 200 million lari, but the volume has reached 335 million lari already as of November 4, the newspaper reports.

    It is an alarming tendency, that the government sees solution in growth of debts, the newspaper states and points that Finance Minister Dimitri Kumsishvili has declared a few days ago that domestic debt should be increased.

  6. Tabula: “KALADZE: WE HAVE CONSIDERATION, TO MANAGE TO TRANSFER DOLLAR LOANS IN LARI”
    (Economic Press Monitor: November 29, 2016)

    Concerning lari devaluation, Vice Premier Kakha Kaladze declared that the government has consideration regarding loans, issued in dollar, “to manage their transfer in lari”.

    “I am sure that implementation of this project will be a relief for those people, who has this problem”, Kaladze told journalists.

  7. THE PARLIAMENT APPROVED NEW GOVERNMENT
    (Daily News: November 28, 2016)

    The Parliament approved with 110 votes against of 19 new composition of the government and its program “Freedom, Rapid Development, Welfare”.

    As speaker of the Parliament Irakli Kobakhidze noted, these three messages of the government program “contain our common goal, requiring close cooperation between the parliament and the government”.

  8. LARI RATE OVERSTEPPED MARK OF 2.5 GEL/USD
    (Daily News: November 25, 2016)

    National Bank of Georgia reported that lari exchange rate, set for November 26, made up 2.5026 GEL/USD. That is ever lowest rate in lari history.

  9. Kviris Palitra: “WHAT DO EXPERTS SUGGEST TO THE GOVERNMENT IN TERMS OF LARI STRENGTHENING”
    (Economic Press Monitor: November 21, 2016)

    Exchange rate is ranging within 2.50 GEL/USD; the government started talking for the first time in past 2 years about lari stabilization plan. The article brings comments of two experts – Elguja Mekvabishvili and Mikheil Dundua.

  10. Bankebi da Finansebi: “THE COUNTRY LOST $400M IN 9 MONTHS OF THIS YEAR”
    (Economic Press Monitor: November 16, 2016)

    Merab Janiashvili, vice-president of Young Financers and Businessmen Association, believes that dedollarization “could not be reduced in 1-2 years”. “It needs period of 10-15 years, and even in conditions of proper and consistent economic policy”, he points.

  11. Tabula: “KHORGUASHVILI: DEDOLLARIZATION REGULATIONS WILL RAISE COST OF LOANS, WHILE SLOW DOWN GROWTH”
    (Economic Press Monitor: November 16, 2016)

    “Artificial reduction of dedollarization is wrong”, lecturer of Free University Zviad Khorguashvili declares, while commenting the government’s plans regarding new regulations for dedollarization. “This fuels raising of risks, which leads to increased costs, i.e. interest rates”, he points.

  12. Rezonansi: “PEOPLE PAY BY 900M LARI MORE IN ORDER TO REPAY LOANS”
    (Economic Press Monitor: November 15, 2016)

    Soso Archvadze, former vice-chairman of Statistics Department, explains increased cost of loans with double problem – devaluation of lari and inflation, caused by the fact that 70% of Georgia’s consumer market depends on import.

    “As large part of credits is issued in foreign currency (particularly in the US dollar), of course, drop of lari rate directly affects that rate of interest, which people pay upon covering debts”, he says, pointing that major part of Georgian employees’ revenues is issued in lari.

  13. 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.

  14. 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.

  15. “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.

  16. 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.

  17. 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.

  18. 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.

  19. 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.

  20. 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.

Note: Please login to get full access to the articles. If you are still not the Sarke's user, please register.

Pages:  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  21  22  23  

Exchange Rates (NBG)
  10/17/18 + / -
  USD   2.6838   0.0017
  EUR   3.1022   0.0073
  RUR   4.0978   0.0030
Get News in Brief by e-mail
Get daily News in Brief on your e-mail for free!
Announcements
Dear subscriber,

We are leaving for summer vacations until September 3. During that period, the site will not be updated.

Wish you happy and joyful vacations!

Sincerely,

Sarke Information Agency

Fujitsu Computer Systems Corporation

© 1997-2018 Sarke Information Agency