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Your query was: devaluation
Articles found: 610



Displaying page 8 with matches: 141 - 160

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  1. Rezonansi: “FIRST STEP TOWARD RISE OF ELECTRICITY IN PRICE IS DONE!”
    (Economic Press Monitor: November 2, 2017)

    National Energy and Water Supply Regulating Commission decided to raise generation tariffs for series of KhramHES (two hydroelectric stations) since November 1 (by 1.58 tetri and by 1.85 tetri).

    However, director general of KhramHES Devi Kandelaki points that investor company InterRAO demanded bigger raise of tariffs.

  2. Rezonansi: “IN NEXT FEW DAYS, FOOD TO RISE IN PRICE BY 5% AT LEAST”
    (Economic Press Monitor: November 1, 2017)

    Iva Chkonia, founder of company Grand, assumes that in next few days, food prices will grow by 3-5%, but such growth will be only in case, if lari exchange rate stops on current mark.

    If the rate will “substantially cross” a mark of 2.6 GEL/USD, “we receive much higher prices”, Chkonia declares.

  3. Tabula: “KAKAURIDZE: UNFORTUNATELY, THERE ARE EXPECTATIONS THAT LARI HAS TO DEPRECIATE IN THE END OF THE YEAR”
    (Economic Press Monitor: October 31, 2017)

    Deputy Finance Minister Giorgi Kakauridze declares that “according to our today’s data, short-term depreciation of lari exchange rate is related to existence of expectations”.

    “Unfortunately, expectation is created that in the country, in the end of the year, lari has to depreciate”, Kakauridze declared in program Sakmis Kursi (Business Course, Pirveli TV company).

  4. Kviris Palitra: “IT IS TIME FOR PROSECUTOR’S OFFICE TO GET INTERESTED IN THESE PROCESSES”
    (Economic Press Monitor: October 30, 2017)

    During the last week alone, lari has depreciated against the US dollar by approximately 7 tetri, while against euro Georgian national currency reached a historical minimum, the newspaper states.

    Part of experts speaks about banks’ possible speculation, aiming influence on lari exchange rate, and demands from the prosecutor’s office to become interested in this issue, the article says.

  5. NBG PRESIDENT: IN RESPECT OF LARI EXCHANGE RATE, USUAL PROCESS IS OBSERVED ON THE MARKET TODAY
    (Daily News: October 25, 2017)

    President of National Bank of Georgia (NBG) Koba Gvenetadze stated: “in Georgia operates floating regime of exchange rate that means that the rate will move in both directions – sometimes in the direction of depreciation, sometimes in the direction of strengthening”. “So, today there is a usual process on the market”, he stressed.

  6. PORTFOLIO OF CREDITS, LINKED TO FLOATING INTEREST RATE, GREW FOR JULY-SEPTEMBER BY 9.6%
    (Daily News: October 25, 2017)

    Non-governmental organization Society and Banks reported that as of October 1, there were 31,523 credits, linked to floating interest rate (absolute majority – to refinancing rate of National Bank of Georgia), totaling to 1.49 billion lari.

    As of July 1, there were 30,699 such credits, totaling to 1.36 billion lari.

  7. Rezonansi: “TECHNICAL EXAMINATION TO INCREASE PRICE OF TIRES, CAR PARTS AND SERVICE”
    (Economic Press Monitor: October 5, 2017)

    Obligatory examination of cars will lead to increase of price on spare parts and tires, as well as cost of technician service, the newspaper says.

    At that, price growth is inevitable because of devaluation of lari and tendencies on currency market, the article states.

  8. Rezonansi: “CREDITS HAVE ROSE IN PRICE AND WILL RISE IN PRICE AGAIN”
    (Economic Press Monitor: September 29, 2017)

    For the last 5 years, credits have rose in price for the first time, the newspaper says. By the end of the 3rd quarter of 2016, average annual interest rate on the short-term credits made up 16.8%, while today – 17%, on the long-term credits – respectively, 11.3% and 11.4%, the article specifies.

  9. Rezonansi: “AFTER DEVALUATION, DEBT OF POPULATION GREW IN UNPRECEDENTED PACE”
    (Economic Press Monitor: September 26, 2017)

    Within 2 years since devaluation of lari, “volume of credits in Georgia has grew catastrophically”, the newspaper states.

    In particular, as of August 1, consumer credits had totaled to 3.13 billion lari, increasing by 900 million lari since January 1, 2015, the article indicates.

  10. Rezonansi: “IT IS ALREADY IMPOSSIBLE TO PREDICT LARI EXCHANGE RATE!”
    (Economic Press Monitor: September 21, 2017)

    A few days ago, lari rate has dropped to 2.50 GEL/USD, the newspaper notes.

    Expert Gocha Tutberidze explains: “Money supply is increased very much.

  11. Rezonansi: “PREPARATION OF SPECULATIVE ATTACK ON LARI IS UNDERWAY”
    (Economic Press Monitor: September 7, 2017)

    Analyst Paata Bairakhtari specifies that currently, in economy “there is no such situation that national currency depreciates”. “Such depreciation during a week and then strengthening by 3 tetri is not caused by economic processes”, he considers.

  12. “SOCIETY AND BANKS”: TOUGHENING OF MONETARY POLICY IT IS NOT EXPECTED
    (Daily News: September 6, 2017)

    Non-governmental organization Society and Banks considers that “recent devaluation of lari will not have strong impact on inflation”. “In conditions of stable exchange rate, toughening of monetary policy is not expected”, the organization said.

  13. Rezonansi: “LARI ENERVATED, PRODUCTS TO RISE IN PRICE BY 5-10% SOON”
    (Economic Press Monitor: September 6, 2017)

    In recent days, lari has depreciated by 4.5% and reached already mark of 2.5 GEL/USD, the newspaper reports.

    Despite sharp falling, both National Bank of Georgia and the government are keeping silence so far and the only comment was made by Deputy Minister of Economy Nino Javakhadze, the article notes.

  14. Netgazeti.Ge: “WHY LARI DEPRECIATES, DESPITE THE GROWN TOURISM”
    (Economic Press Monitor: September 5, 2017)

    Economist Beso Namchavadze points that “sea season comes to the end, number of tourists and, respectively, inflow of dollars has starting to decrease”. Process of tourists’ leaving of the country will affect currency market even more in September-October, he says.

  15. Rezonansi: “AFTER ELECTIONS, LARI RATE WILL EXCEED 2.6?”
    (Economic Press Monitor: September 5, 2017)

    Georgian currency depreciates, when there are almost no factors, provoking devaluation in the country, the newspaper states. The rate, which made up 2.39 GEL/USD just a few time ago, now exceeds 2.46 GEL/USD, the article indicates.

  16. Forbes Georgia: ““INTERRAO” SUBMITTED ONE MORE CLAIM AGAINST GEORGIA TO THE WORLD BANK’S CENTER OF LAWSUITS”
    (Economic Press Monitor: August 9, 2017)

    Referring to Russian media, the magazine reports that InterRAO has registered a claim against Georgian government in the World Bank’s International Center for Settlement of Investment Disputes (ICSID). The company demands from Georgia to pay $175 million in compensation of losses, caused by devaluation of lari.

  17. Iveria.Biz: “NEED OF GENERAL BATTLE APPROACHES”
    (Economic Press Monitor: July 27, 2017)

    According to author of the article, Bidzina Ivanishvili (billionaire ex-premier of Georgia) “purposefully put Georgian economy on a pause in order to cause considerable reduction of citizens’ income and decline of their solvency”.

    “However, all this had to be done necessarily smoothly and not hasty to avoid generation of public protest”, the article says.

  18. Rezonansi: “LARI HAS BEEN “FROZEN”: THE RATE HAS TO BE 2.30 NOW”
    (Economic Press Monitor: July 4, 2017)

    For the last 3 weeks, National Bank of Georgia (NBG) has bought $70 million.

    Irakli Berdzenadze, head of Personal Banker organization, estimates that intervention of NBG would be much more effective during devaluation of lari, but not now, when because of various fundamental factors, the national currency became more or less stronger, the newspaper reports.

  19. Kviris Palitra: “WHO WILL PROTECT RIGHTS OF VICTIMS OF FINANCIAL “PYRAMIDS”?”
    (Economic Press Monitor: July 3, 2017)

    “We expect that reduction of dollarization will cause in long-term period reduction of demand for dollars”, vice-president of the National Bank of Georgia (NBG) Archil Mestvirishvili declares.

    “Though dollarization is a complex issue and pricing in lari is one of parts”, Mestvirishvili points.

  20. Rezonansi: “THEY PULLED OUT MORE THAN A BILLION FROM THE PEOPLE’S POCKET THROUGH DEVALUATION OF LARI”
    (Economic Press Monitor: June 27, 2017)

    Doctor of economics Soso Archvadze estimates that last year, borrowers had to pay on their credits’ servicing by 1 billion lari more than in 2015.

    “The current process comprises of 3 coincided tendencies.

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