ANNUAL INFLATION IN APRIL MADE UP 6.1%
Sakstat reported that annual inflation in April made up 6.1%. In comparison with the previous month (i.e. March), inflation made up 0.1%.
NBG URGES ORGANIZATIONS TO INFORM CONSUMERS ON STRUCTURE OF ATTRACTED CREDITS
National Bank of Georgia (NBG) released the statement today, urging organizations “to observe requirements of the law during funds’ attraction and to make information related to structure of portfolio of attracted funds available to interested customers”.
NBG also urges customers “to exercise caution during placement of own funds”.
NBG: CLAIMS TOWARD COMMERCIAL BANKS HAVE GROWING TENDENCY, BUT NUMBER OF REASONABLE CLAIMS DECREASES
National Bank of Georgia (NBG) declared that claims, submitted to commercial banks in 2012-2016, have been characterized by growing tendency, however number of reasonable claims have been decreased.
As NBG’s report for 2016 supposes, the mentioned “could be caused by existence of barriers in banks in regard of claims’ fixation (for example, refusal of fixation of claims by commercial bank)”.
GYLA: MINISTRIES AND SELF-GOVERNING CITIES HAD AMBIGUOUS APPROACH TO CUT OF BUDGETARY COSTS
Georgian Young Lawyers Association (GYLA) estimates that “the ministries and the self-governing cities had the ambiguous and differing approaches concerning priorities and volume of cut of budgetary funds”.
It “was caused by the government’s lack of uniform vision”, notes the organization, which has conducted monitoring of execution by public agencies of Prime Minister’s initiative on cut of budgetary funds by 10% and staff optimization.
REPRESENTATIVES OF 22 TURKISH AND UP TO 100 GEORGIAN COMPANIES TOOK PART IN BUSINESS FORUM IN TBILISI
Today, Tbilisi hosted Georgian-Turkish business forum, which was organized by Georgian Employers Association and Turkish embassy.
According to the Association, 22 Turkish companies and up to 100 Georgian ones took part in the forum.
“SAKAERONAVIGATSIA”: TRAFFIC IN GEORGIA’S AIRSPACE IN Q1 INCREASED BY 15% Y-O-Y
LLC Sakaeronavigatsia (Georgian Air Navigation) reported that usage of Georgia’s airspace in the 1st quarter has increased by 15% year-on-year.
Within 4 months of the year, the company has served 41,914 planes that also exceeds by 15% the showing of the same period of 2016.
ENERGY MINISTRY: GAS INSTALLATION IN 18 VILLAGES OF PANKISI GORGE IS COMPLETED
Energy Ministry declared that gas installation in 18 villages of Pankisi Gorge (Kakheti region) is completed, total number of new consumers makes up 2,715.
Works were funded from the state budget, and their actual cost made up 6.24 million lari, the Ministry said.