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Your query was: devaluation
Articles found: 610



Displaying page 6 with matches: 101 - 120

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  1. Rezonansi: “IN A WEEK, GAS WILL RISE IN PRICE”
    (Economic Press Monitor: December 18, 2018)

    Georgian National Energy and Water Supply Regulating Commission has to consider issue of change of natural gas tariff on December 26. The Commission does not confirm possible increase of gas price, but does not exclude too, the article points.

  2. Tabula: “FINANCE MINISTER: DEVALUATION OF LARI IS GUILT OF RHETORIC AND DIRT FROM OPPOSITION”
    (Economic Press Monitor: November 9, 2018)

    Georgia’s Finance Minister Ivane Machavariani declares that “The mark, where lari is today, has absolutely no economic grounds”.

    “It is usual hullabaloo, caused by that dirty campaign, which the opposition mostly conducts”, the Minister considers.

  3. Netgazeti.Ge: “IF NATIONAL BANK BEGINS INTERVENTIONS, WE’LL FIND OURSELVES IN EVEN WORST STATE – CHKONIA ON LARI EXCHANGE RATE”
    (Economic Press Monitor: November 8, 2018)

    Founder of Coca-Cola Bottlers Georgia Temur Chkonia considers that devaluation of lari can be attributed to existence of “black money” in the country in election period, Netgazeti.Ge reports. “During the period of election campaign, there must be certain limit for expenditure”, the businessman declares.

  4. YOUNG FINANCIERS AND BUSINESSMEN ASSOCIATION: RAPID ACTIONS MUST BE TAKEN FOR STOPPING OF LARI DEVALUATION
    (Daily News: November 6, 2018)

    Young Financiers and Businessmen Association declared that “drop of lari exchange rate against dollar reached in the recent period a disturbing point”, and urged the government and National Bank of Georgia (NBG) to take timely and rapid actions for stopping of lari depreciation. For that end, the Association offered 5 recommendations.

  5. Bankebi da Finansebi: “WHAT IS CONNECTIONS BETWEEN DEFICIT-DRIVING EXPENDITURE OF THE BUDGET AND DEVALUATION OF LARI”
    (Economic Press Monitor: November 2, 2018)

    The newspaper publishes reasons of Shota Gulbani, president of Young Financiers and Businessmen Association, concerning expenditure of the budget and exchange rate of lari.

    Gulbani indicates that considering mechanisms of formation of the rate, one cannot say that deficit-driving expenditure of the budget is in direct correlation with devaluation of lari, but it still is able to impact the rate.

  6. Rezonansi: “LARI RATE UNDERMINED THIS AUTHORITY”
    (Economic Press Monitor: October 23, 2018)

    Lari started depreciation on November 20, 2014 and since that, has devaluated from 1.76 GEL/USD to 2.7 GEL/USD, the newspaper says.

    In the import-dependent country, devaluation of lari caused sharp price growth, inflationary processes and excessive indebtedness, which have been followed by more intensive emigration, the article specifies.

  7. Kviris Palitra: “WHO CASHES IN ON DEVALUATION OF LARI?”
    (Economic Press Monitor: October 22, 2018)

    Last week, lari started rapid depreciation and official exchange rate reached 2.7 GEL/USD, approaching a historical maximum (2.78 GEL/USD – December 2016), the newspaper says. The article notes that for the last 3 months, the US dollar increased in price against lari rose approximately by 25 tetri.

  8. Bankebi da Finansebi: “NOTHING ALLOWS US TO SAY THAT LARI WILL INEVITABLY OR ESSENTIALLY DEPRECIATE”
    (Economic Press Monitor: October 18, 2018)

    Georgia’s Deputy Finance Minister Giorgi Kakauridze assures that “economic policy really does not cause devaluation of lari”.

    “All fundamental factors, affecting exchange rate, do not allow us to say that we have to have any different expectations, i.e. that there are risks of any depreciation”, Kakauridze declares.

  9. Forbes Georgia: “AUTUMN EXAM OF LARI”
    (Economic Press Monitor: October 16, 2018)

    In August, lari depreciated during a week from 2.45 GEL/USD to 2.63 GEL/USD, which reason was named devaluation of Turkish lira and conversations about development of economic crisis in Turkey (key trade partner of Georgia), the magazine reminds.

    However, the stir, caused by devaluation of Turkish lira, has calmed down, and lira has strengthened in September by 7%, while lari exchange rate has stopped near 2.6 GEL/USD, the article specifies and adds: it seems that there was something else occurred.

  10. Rezonansi: “THE GOVERNMENT PLANNED A BIGGER DEVALUATION OF LARI”
    (Economic Press Monitor: October 3, 2018)

    According to the draft budget-2019, the exchange rate next year will make up 2.63 GEL/USD, the newspaper reports. The article notes that the budget-2018 was planned with the rate estimation of 2.59 GEL/USD.

  11. Forbes Georgia: “THE US DOLLAR VS CURRENCIES OF GEORGIA AND COUNTRIES OF THE REGION”
    (Economic Press Monitor: September 28, 2018)

    In August, exchange rate of lari against the US dollar depreciated month-on-month by 3.5%, while against euro – by 2.3%, the magazine reports, referring to data of the Parliament’s Budgetary Office. In turn, year-on-year devaluation of lari made up in August respective 5.4% and 3.2%.

  12. Rezonansi: “LARI BARRED ALL WAYS TO STRENGTHENING, DEPRECIATION WILL CONTINUE UNTIL JANUARY”
    (Economic Press Monitor: September 25, 2018)

    During the last 2 weeks, National Bank of Georgia (NBG) withdrew $15 million (purchased on currency auctions), whereas it, on the contrary, had to offer dollars on the market, the newspaper points. As a result, the exchange rate raised to 2.63 GEL/USD, the article specifies.

  13. Rezonansi: “FOR THE LAST 2 YEARS, ARMY OF THE POOR AND BEGGARS GREW BY 232,000 PEOPLE”
    (Economic Press Monitor: September 14, 2018)

    According to data of 2015, the poor made up 32% of Georgian population, 37% was moderately poor, while 4% were on the poverty line, the newspaper says. The middle class made up only 7%.

  14. Rezonansi: “WATER AND GAS ARE ON THE VERGE OF PRICE INCREASE”
    (Economic Press Monitor: September 13, 2018)

    Next devaluation of lari at the end of the year may cause growth of municipal bills, the newspaper says. If exchange rate will exceed 2.65 GEL/USD, the companies will have a serious demand that the rate component was provided in the tariff, the article specifies.

  15. Rezonansi: “LARI IS EXPECTED BY VERY DIFFICULT AUTUMN”
    (Economic Press Monitor: September 4, 2018)

    Current exchange rate makes up 2.57 GEL/USD, the newspaper says, pointing that this rate is fixed on the background of the US dollar weakening and increase of foreign currency influx to Georgia.

    Economist Nika Shengelia forecasts that “Until September 10-12, lari will be stable against dollar or can become stronger a little”.

  16. Netgazeti.Ge: “NBG MANDATE DOES NOT ENVISAGE COMMENTING ON THE RATE – NBG”
    (Economic Press Monitor: August 14, 2018)

    Netgazeti.Ge reports that National Bank of Georgia (NBG) declared that its mandate does not envisage commenting on lari exchange rate.

    Netgazeti.Ge asked NBG whether devaluation of lari is connected with purchase by NBG of $17.5 million at a currency auction at the beginning of August, but “didn’t receive the answer”.

  17. Bankebi da Finansebi: “GIORGI TSUTSKIRIDZE – DEVALUATION OF LARI IS CONNECTED WITH SEASONAL FACTORS AND SERVICE OF EXTERNAL DEBT”
    (Economic Press Monitor: August 13, 2018)

    Giorgi Tsutskiridze, executive director of Georgian Banks Association, explains that “It is the truth that sharp devaluation of Turkish lira affects trade transactions, but devaluation of lari does not result from long-term and fundamental factors”.

    “I consider that devaluation of lari is connected with seasonal factors and service of external debt, and less with any purely economic or speculative factors”, Tsutskiridze posted in social network.

  18. Forbes Georgia: “WHY LIRA, LARI AND RUBLE DEPRECIATE?”
    (Economic Press Monitor: August 13, 2018)

    During a week, Turkish lira lost 12% of value against the US dollar, hitting the lowest rate after 2001, the magazine reports.

    The article attributes the depreciation by statement of the US administration about plans of reconsideration of admission of Turkish production to the US market without customs permission.

  19. DEPUTY MINISTER OF ECONOMY: LARI IS CHARACTERIZED BY STRENGTHENING TENDENCY AGAINST CURRENCIES OF MAJOR TRADE PARTNER COUNTRIES
    (Daily News: August 10, 2018)

    Ekaterina Mikabadze, Deputy Minister of Economy and Sustainable Development, pointed that “lari is characterized by tendency of strengthening against currencies of major trade partner countries”.

    Mikabadze indicated that “nominal effective exchange rate, which shows condition of national currency against [currencies of] trade partner countries, is strengthened as of August 10 by 8.1% year-on-year”.

  20. NBG FORECAST: ANNUAL INFLATION WILL REMAIN AROUND THE TARGET INDICATOR AS IN 2018, AS WELL AS IN MEDIUM-TERM PERIOD
    (Daily News: August 1, 2018)

    National Bank of Georgia (NBG) forecasts that annual inflation will remain around the target indicator (3%) as in 2018, as well as in medium-term period. However, NBG notes, it is necessary to consider also risks of the inflation forecast.

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Exchange Rates (NBG)
  03/27/24 + / -
  USD   2.7084   0.0029
  EUR   2.9337   0.0037
  RUR   2.9233   0.0038
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