Search Results

1. 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.

2. “HEIDELBERGCEMENT” IS GOING TO CUT PRODUCTION IN GEORGIA
   (Daily News: July 27, 2018)

   HeidelbergCement Georgia released the statement, saying that the company plans to shut down furnaces and plants in Georgia step by step. The company owns in Georgia 3 integrated cement works.

3. Rezonansi: “20%+2% – TRACE OF HIDDEN TAX OUTSIDE THE PENSION REFORM”
   (Economic Press Monitor: July 24, 2018)

   The bill “On Accumulative Pension” was adopted so that opinion of opponents was not taken into account even minimally, the newspaper says.

   The article indicates that against the background of devaluation of lari and increased inflation, guarantee presented by the government seems quite unconvincing.

4. UNICEF SURVEY: GENERAL POVERTY IN GEORGIA INCREASED FOR THE LAST 2 YEARS
   (Daily News: June 12, 2018)

   “The Welfare Monitoring Survey 2017” of UNICEF states that indicator of general poverty in Georgia increased since previous study (the survey is made once in 2 years). If this indicator in 2015 made up 16.4% of total households (18.4% of population), it has increased in 2017 up to 19.6% (21.7% of population), the survey specifies.

5. Rezonansi: “GEORGIANS IN TURKEY HAVE RUN INTO DIFFICULTIES AND SEND LESS AND LESS MONEY”
   (Economic Press Monitor: May 31, 2018)

   Turkish lira and Russian ruble lose ground against the US dollar, while most Georgian emigrants reside exactly in these countries, the newspaper says.

   The article specified that this situation will reduce volume of money, which Georgian emigrants are sending to their family members and will complicate their social conditions.

6. Forbes Georgia: “WORLD BANK: GEORGIA HAS TO PREPARE ITSELF FOR FUTURE LABOR MARKET”
   (Economic Press Monitor: March 1, 2018)

   The World Bank (WB) expects growth of Georgia’s economy by 4.3% in 2018 and by 4.6% – in 2019, the magazine reports.

   Hans Timmer, chief economist of the WB, attributes improved indicators largely to increased export, the article specifies.

7. NBG EX-PRESIDENT: LEGEND OF NEW YEAR DEVALUATION OF LARI IS DEVELOPED BY THIS AUTHORITY
   (Daily News: December 15, 2017)

   Ex-president of National Bank of Georgia, MP from oppositional National Movement Roman Gotsiridze declares that “the legend of New Year devaluation of lari is developed by this authority in order to justify somehow the tradition of lari depreciation, which has established in the last 5 years”.

   “In the last month of the year, lari had always became stronger or remained stable.

8. Forbes Georgia: “LARI SUPPLY IS AT HISTORICAL MAXIMUM, BUT THE RATE IS STRENGTHENING NEVERTHELESS ”
   (Economic Press Monitor: December 15, 2017)

   Economist Beso Namchavadze points that as of December 12, lari supply is at historically high mark – 7.7 million lari, but lari exchange rate is nevertheless strengthening. During December 9-14, lari has strengthened against the US dollar by 14 tetri (by 5.2%).

9. Forbes Georgia: “WHY LARI DEPRECIATED AGAIN?”
   (Economic Press Monitor: December 6, 2017)

   Expectations reinforce process of lari rate fluctuation and “depreciate or strengthen the rate more than it would occur only in case of economic factors’ change”, the magazine states. “When the population sees that lari exchange rate started depreciating even by 1-2 tetri, it recalls experience of last year and thinks that the same will repeat”, the article notes.

10. Rezonansi: “FOR THE LAST 3 YEARS, MIDDLE CLASS HAS HALVED”
    (Economic Press Monitor: November 30, 2017)

    Sociologists say that half of the middle class (i.e. those with monthly income below 1,000 lari), which accounted before devaluation of lari to 20% of Georgia’s population, already moved to the poor stratum. Now, the middle class makes up about 10% and will shrink further, if lari does not get stronger, they consider.

11. Rezonansi: “PRICING IN LARI DID NOT CHANGE SITUATION ON REAL ESTATE MARKET”
    (Economic Press Monitor: November 24, 2017)

    Neli Goguadze, founder of real estate agency Kibe, says that demand on new apartments has increased in recent period. “System of payment by installments had significant influence on people, who found quite attractive the conditions, offered by various companies”, she explains.

12. EX-PRESIDENT OF NBG: EXPLAINING DEVALUATION OF LARI WITH SO-CALLED EXPECTATIONS IS TO SUPPORT WRONG VERSION INITIATED BY THE AUTHORITIES
    (Daily News: November 21, 2017)

    Ex-president of National Bank of Georgia, MP from oppositional National Movement Roman Gotsiridze declares: “Explanation devaluation of lari with so-called expectations is to support wrong version initiated by the authorities”.

    “Lari has been devaluated by wrong fiscal and monetary policy of the government and National Bank”, Gotsiridze posted on own Facebook page.

13. Kviris Palitra: “NATIONAL CURRENCY GET SICK WITH “LARI FLU”?”
    (Economic Press Monitor: November 20, 2017)

    There is already a month that lari depreciates almost daily: official exchange rate of lari against the US dollar declined by 24 tetri, while against euro – by 28 tetri, the newspaper states.

    Due to devaluation of lari, president of the National Bank of Georgia (NBG) is called to the Parliament on November 27, the newspaper reports.

14. OPPOSITION MP: WHAT BECAME OF LARI IS DIRECT GUILT OF THE GOVERNMENT AND NATIONAL BANK
    (Daily News: November 17, 2017)

    MP from opposition National Movement, ex-president of National Bank of Georgia Roman Gotsiridze declared that “what became of lari is direct guilt of the government and National Bank”.

    The government is guilty because of “unbalanced budget and adventurist initiative of issuance of credit of half a billion lari to banks, while National Bank is guilty also of pursuing of “cheap money” policy”, Gotsiridze posted in his Facebook.

15. Rezonansi: “LARI WILL NOT BE ABLE TO DECREASE TO 2.50 FOR A LONG TIME!”
    (Economic Press Monitor: November 17, 2017)

    Nika Shengelia, analyst at FX Group, forecasted at the beginning of November devaluation of lari to 2.7-2.8 GEL/USD. The forecast caused negative estimations, but Shengelia adheres to the same position today, the newspaper reports.

16. Netgazeti.Ge: “PRICES WILL REALLY GROW – INTERVIEW OF GIORGI PAPAVA ON RESULTS OF LARI DEVALUATION”
    (Economic Press Monitor: November 16, 2017)

    While commenting on reasons of lari devaluation, economist Giorgi Papava points that “the main thing is that expectations have appeared”.

    “When private sector cannot forecast lari exchange rate and watches such considerable fluctuations of the rate in such short-term period, it, certainly, faces bigger currency risk and reflects it in price”, Papava says.

17. ASSOCIATION OF YOUNG FINANCIERS AND BUSINESSMEN: SHORT-TERM DEVALUATION OF LARI CANNOT BE ATTRIBUTED TO FUNDAMENTAL FACTORS
    (Daily News: November 14, 2017)

    Vice-president of Young Financiers and Businessmen Association Paata Bairakhtari declared that “all those macroeconomic parameters, which influence stability of lari, maintain stable growth”. “Respectively, we cannot attribute short-term depreciation of national currency to fundamental factors”, he pointed.

18. Rezonansi: “GROWTH OF FARE WILL INEVITABLY RISE IN THE AGENDA”
    (Economic Press Monitor: November 10, 2017)

    Sharp growth of fuel rise in Georgia put in question the acting tariffs for travel by municipal transport, the newspaper states.

    However, Tbilisi Minibus declared to the newspaper that “no changes are planned in respect of the fare.

19. Kviris Palitra: “PERHAPS, WE WILL SEE POLITICAL SURPRISES ALREADY AT PRESIDENTIAL ELECTIONS”
    (Economic Press Monitor: November 6, 2017)

    While commenting on recent devaluation of lari, expert Gia Khukhashvili points that “core economic backbone of long-term stability on the currency market is the balance of import and export”.

    “Balancing of negative balance, which we have on the currency market, happens seasonally”, Khukhashvili specifies.

20. NBG: RECENT CHANGE OF LARI EXCHANGE RATE WAS CAUSED MAINLY BY STRONG EXPECTATION OF AUTUMN DEPRECIATION
    (Daily News: November 2, 2017)

    National Bank of Georgia (NBG) estimates that “recent change of lari exchange rate was caused mainly by strong expectation of autumn depreciation”.

    “In spite of absence of real ground for this expectation, nevertheless, in the conditions of a floating rate, it has impacted short-term dynamics of lari exchange rate, increasing demand for foreign currency”, NBG said in the statement, released today.

Pages:

7  8  9  10  11  12  13  14  15  16  17  18  19  20  21  22  23  24