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DAILY NEWS March 27, 2024

“MOODY’S” AFFIRMED GEORGIA’S SOVEREIGN RATING, IMPROVED RATING OUTLOOK

Moody’s affirmed Georgia’s sovereign credit rating at the level of “Ba2”. At that, the rating agency improved the rating outlook from “negative” to “stable”. More...


VICE-SPEAKER OF GEORGIAN PARLIAMENT: FUNDING OF AGRICULTURAL SECTOR BY PRIVATE FINANCES REMAINS A PROBLEM

“In 2013, the agricultural portfolio amounted to only 60 million lari, and the state began to implement programs, subsidize loans, etc., and this portfolio grew to 3 billion lari”, declares Nino Tsilosani, vice-speaker of the Georgian Parliament.

Tsilosani stressed that “the dynamics are impressive, although funding for the agricultural sector through private finance still remains a problem”. More...


GEORGIAN AGRICULTURE MINISTRY: PREFERENTIAL AGROCREDITS FOR CULTIVATION OF ANNUAL CROPS WILL BE ISSUED THIS YEAR TOO

This year, as last year, we will provide an opportunity for farmers, who are engaged in the cultivation of annual crops, to take preferential loans, Georgia’s Minister of Environment Protection and Agriculture Otar Shamugia told reporters after the government meeting today.

The Minister specified that the state will finance 9% in loan interest rate for a period of 1 year. More...


GOVERNMENT TO CO-FINANCE PURCHASE OF SMALL AGRICULTURAL MACHINERY BY RESIDENTS OF GEORGIA’S MOUNTAINOUS SETTLEMENTS

This year, Georgian Rural Development Agency will implement in mountainous settlements of the country a program of co-financing the acquisition of agricultural machinery. The budget of the program amounts to 5 million lari. More...


MINISTRY OF AGRICULTURE OF GEORGIA: BUDGET INCREASED FOR HARVESTING MACHINERY CO-FINANCING PROGRAM

This year, total budget of the program of co-financing of harvesting agricultural machinery amounts to 10 million lari, Georgian Ministry of Environment Protection and Agriculture reported. Last year, the allocation totaled to 7 million lari (respectively, the volume has increased by 43%). More...


GEORGIA APPROVED EU INTEGRATION ACTION PLAN FOR 2024

Administration of the Georgian government declared that Georgia’s EU integration action plan for 2024 has been approved.

Commission for Georgia’s integration into the EU held its 71st meeting on March 26. More...


GEORGIA AND MALTA AGREED ON COOPERATION IN TELECOM REGULATION

Georgian National Communication Commission reported about signing of cooperation agreement with the Malta Communications Authority (MCA) today.

The Commission said that the agreement covers such issues as market analysis, mechanisms for strengthening or protecting consumers, digital map, roaming, universal services, etc. More...


IN 2023, NUMBER OF APPLICATIONS TO GEORGIAN TELECOM OMBUDSMAN INCREASED BY 28%

In 2023, total of 1,572 complaints were received, Georgian telecom ombudsman service reported. If compared to 2022 (1,227 complaints), the number has increased by 28%. More...


ECONOMIC PRESS MONITOR March 28, 2024

Netgazeti.Ge: “RENTAL OF GOVERNMENTAL AIRCRAFT COST THE GARIBASHVILIS 109 THOUSANDS LARI – DECLARATION”

Rental of the governmental plane to make Tbilisi-Munich-Tbilisi flight in 2023 cost the family of Irakli Garibashvili 109,500 lari, declaration of Georgia’s former prime minister indicates.

As Garibashvili said earlier, the plane on which he took to Munich his adult son Nikoloz, who was going to the US to study at the Pennsylvania University, was rented by his father Tariel Garibashvili. More...


Rezonansi: “NURSES ARE SO FEW THAT SOME CLINICS MAY NOT EVEN BE ABLE TO PERFORM SURGERY”

Because of low salaries in Georgia, nurses depart from the country to work abroad, the newspaper says.

In 2020, there were 22,126 nurses in Georgia, in 2023 – 22,029. More...


Bankebi da Finansebi: “COMPETITION AGENCY FINED “GEORGIAN BEER COMPANY” – REASON”

Georgian Competition and Consumer Protection Agency imposed a fine on Georgian Beer Company. The reason is the company did not inform the Agency on concentration. More...


SPECIAL REPORT March 14, 2024

AVERAGE HOTEL PRICES AND HOTEL PRICE INDEX IN GEORGIA (FEBRUARY 2024)

In Georgia, the average cost of a room1 in a 3-star hotel was 158 GEL per night in February 2024, while the average cost of a room in a 4-star hotel in Georgia was 261 GEL per night and the average cost of a room in a guesthouse2 was 128 GEL per night.

The average cost of a room in a 5-star hotel in Georgia in February 2024 was 416 GEL per night. More...


Exchange Rates (NBG)
  03/28/24 + / -
  USD   2.6978   0.0106
  EUR   2.9112   0.0225
  RUR   2.9177   0.0056
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