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Your query was: devaluation
Articles found: 610



Displaying page 9 with matches: 161 - 180

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  1. Rezonansi: “GAS TO ROSE IN PRICE BY 5 TETRI”
    (Economic Press Monitor: June 20, 2017)

    National Energy and Water Supply Regulating Commission does not comment on issue of new gas tariff yet, the newspaper notes. “We have a deadline on July 20, but until that, perhaps, the meeting will be gathered and consideration of this issue will held”, the Commission declares.

  2. Forbes Georgia: ““INTERRAO” IS GOING TO PROCEED WITH LAWSUIT AGAINST GEORGIAN PARTY IN COURT”
    (Economic Press Monitor: June 12, 2017)

    InterRAO (owner of over 75% in Tbilisi energy distributor TELASI) demands from Georgian party compensation in connection with loss, caused by lari devaluation, the magazine reports.

    At that, the company declares that the regulating commission’s decision, made in connection with tariffs’ correction, was not correct and inflicted loss of millions of dollars to them.

  3. Forbes Georgia: “HOW SUCCESSFULLY ATTRACTS GEORGIA FOREIGN INVESTMENTS?”
    (Economic Press Monitor: May 11, 2017)

    The magazine reviews foreign direct investments (FDI), which are considered as main factor of economic growth.

    According to the article, for the last 20 years (1997-2016), FDI in Georgia have totaled to $16.5 million, while largest investor country is Azerbaijan – $2.2 billion.

  4. Rezonansi: “DEPRECIATION DOES NOT THREATEN LARI ANY MORE”
    (Economic Press Monitor: May 11, 2017)

    Period of seasonal devaluation of lari has ended and strengthening of national currency is expected in near future, the newspaper states.

    Economist Akaki Tsomaia declares: “No depreciation tendency is seen during next few months”.

  5. Rezonansi: “LARI FLOATING WILL CONTINUE FOR A WHILE”
    (Economic Press Monitor: April 25, 2017)

    “People were hopeful over the past 2-3 weeks, as lari had strengthened, food decreased in price a little, but the situation has changed shortly”, Economist Paata Aroshidze says.

    On April 23, the rate 2.42 GEL/USD “caused quite a turmoil”, Aroshidze states.

  6. IMF OUTLOOK: GDP IN GEORGIA TO RAISE BY 3.5% IN 2017
    (Daily News: April 13, 2017)

    IMF released the forecast, according to which Georgia’s GDP in 2017 will grow by 3.5%. Inflation is expected to exceed National Bank of Georgia’s target of 4%.

  7. Forbes Georgia: “POSITIVE ECONOMIC TRENDS CONDITION LARI STRENGTHENING”
    (Economic Press Monitor: March 1, 2017)

    Lari started strengthening toward the US dollar after January 10 and as of February 28, has gained about 20 tetri (7.5%).

    As economist Beso Namchavadze notes, “Over the past 2.5 years, lari exchange rate has declining tendency, but there were slight strengthenings during this period”.

  8. Rezonansi: “DECISION IS MADE: GAS PRICE WILL RAISE IN SUMMER!”
    (Economic Press Monitor: February 21, 2017)

    Consumer gas tariff will be increased in about 5 months, but it is unknown yet how much the tariff will grow, the newspaper reports.

    Member of Georgian National Energy and Water Supply Regulatory Commission (GNERC) Gocha Shonia says that people will pay their gas bills in 2017 already in line with new tariff, in which GNERC will foresee lari devaluation and investments, made in distribution network.

  9. Iveria.Biz: “IMPOVERISHMENT OF POPULATION, AS BASIC FACTOR OF INFLATION DROP, AND PROSPECTS OF GEORGIAN ECONOMY – CONCEPT OF DEMAND STIMULATION”
    (Economic Press Monitor: January 26, 2017)

    The article points that sharp drop of inflation had started already in the second half of 2016 and by December, the rate has reached unprecedentedly low level.

    “The government boasts exactly with this fact and is trying to use it in order to cover up the loss, inflicted on people by devaluation of lari”, author of the article states.

  10. “SOCIETY AND BANKS”: PORTFOLIO OF CREDITS, LINKED TO VARIABLE INTEREST RATES, REDUCED
    (Daily News: January 25, 2017)

    Non-governmental organization Society and Banks declared that 20,396 credits totaling to 806.4 million lari were issued with variable interest rate as of January 1.

    If compared with the same period of last year, portfolio of loans, having variable interest rates, has been reduced by 172 million lari, the organization pointed.

  11. Rezonansi: “SHELVES IN STORES ARE GETTING EMPTY”
    (Economic Press Monitor: January 24, 2017)

    Iva Chkonia, president of distribution company Grand, says that “Increased price on fuel and devaluation of lari forced us to raise price on production”. “The only way to avoid the uncertainty is increase of price by trade outlets on those products, which are already raised in price by distributors, and we will continue cooperation as before”, he considers.

  12. The Financial: “DO GEORGIANS CONSUME LESS KHACHAPURI?”
    (Economic Press Monitor: January 23, 2017)

    In December of 2016, average cost of cooking one standard khachapuri (Georgian cake with cheese) made up 3.62 lari, decreasing by 4% year-on-year, while increasing by 4.6% month-on-month, the newspaper reports.

    Main contributor to year-on-year decline of so-called “Khachapuri Index” (Georgian analog to The Economist’s “Big Mac Index”, measured by ISET, International School of Economics at Tbilisi State University) was price decrease on cheese (by 4.3%) and flour (by 9.2%).

  13. Forbes Georgia: “PAST YEAR AND CHALLENGES OF 2017”
    (Economic Press Monitor: January 11, 2017)

    Stability of lari rate and rate of economic growth were essential challenges of 2016, the magazine says. Lari continued depreciation, which reached 12% (30 tetri), the article points.

  14. Kviris Palitra: “WHAT DOES NEW ECONOMIC YEAR FOREBODE”
    (Economic Press Monitor: January 9, 2017)

    While commenting on amendments, announced by the government, doctor of economics David Aslanishvili says that first results of these amendments are increased price on fuel, tobacco and alcohol beverages.

    So-called effect of transfer, i.e. reflection of price increase on other products and services, did not fully expressed itself so far, Aslanishvili notes, adding that reason of this is that “old tariffs have been maintained on electricity and natural air”.

  15. Forbes Georgia: “IN RECENT PERIOD, LARI HAS DEVALUED MORE THAN OTHER CURRENCIES”
    (Economic Press Monitor: December 23, 2016)

    New wave of lari devaluation has started in September, and for today, official rate of lari has dropped against the US dollar by 21% (by 48 tetri), the magazine reports.

    It appeared that after September 1, lari has devalued more than other currencies, the article states.

  16. Bankebi da Finansebi: “CHOICE, MADE BY THE STATE, WILL FINALLY LEGALIZE THAT ABNORMAL WAY, WHICH GEORGIA’S ECONOMY HAS”
    (Economic Press Monitor: December 21, 2016)

    Economist Vladimir Papava (ex-minister of economy and former head of Tbilisi State University) estimates that “lari devaluation is pure economic process”. “If lari was stable, it would not be healthy, as it would not reflect real state either in Georgian economy, or in neighbor countries’ economic”, he notes.

  17. NBG: REASON FOR RECENT LARI DEVALUATION IS COMBINATION OF FUNDAMENTAL FACTORS AND EXPECTATIONS
    (Daily News: December 20, 2016)

    “Reason of recent devaluation of lari is combination of fundamental factors (global strengthening of the US dollar, devaluation of Turkish lira) and expectations”, National Bank of Georgia (NBG) said in the statement, released today.

    At that, NBG pointed that “Despite fundamental factors, we have preliminary estimation that current rate is devalued beyond the degree that rational expectations could conditioned”.

  18. Rezonansi: “CRISIS WILL COMPLETELY DESTROY MIDDLE CLASS”
    (Economic Press Monitor: December 20, 2016)

    Economic expert Paata Aroshidze estimates that “middle class in Georgia might account for 30-35%, the poor compose about 50-60%, while remained 5% are relatively rich”.

    Aroshidze considers that in recent period, “middle class in the country is practically falling apart and it will fill share of the poor”.

  19. THE PREMIER: WE NEED TO FOCUS ON DIRECTIONS THAT CAN ENSURE MORE WAYS TO GENERATE FOREIGN CURRENCY AND ATTRACT INVESTMENTS
    (Daily News: December 15, 2016)

    “We need to focus on directions that can ensure more ways to generate foreign currency and attract investments”, Prime Minister Giorgi Kvirikashvili declared.

    The Premier said the mentioned at the government meeting today, noting: “Every step, which we are making, is directed to this very end”.

  20. Rezonansi: “LARI RATE WILL EASILY REACH 2.80 NEXT YEAR”
    (Economic Press Monitor: December 13, 2016)

    It is obvious that the government and National Bank of Georgia (NBG) have lost control over lari, the newspaper states. Experts of banking sphere unanimously agree that lari devaluation will continue in 2017 also, the article says.

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