Daily News October 19, 2017	Days:  17 18 19 20 23

politics

GEORGIAN PREMIER: GEORGIA HAS FULL SUPPORT OF THE US CONGRESS

Georgia’s Prime Minister Giorgi Kvirikashvili declared that Georgia has full support of the US Congress.

The Premier declared this at the government meeting today, while commenting results of Georgian delegation’s visit to the US (October 11-15, participation in annual meeting of IMF and the World Bank).

economics

IMF FORECAST: GEORGIA’S GDP GROWTH IN 2017 TO BE 4%

According to latest forecast of IMF (World Economic Outlook), Georgia’s GDP growth in 2017 will make up 4%. Forecast for 2018 makes up 4.2%.




THE US TRADE AND INVESTMENT MISSION VISITS GEORGIA

Georgian Ministry of Economy and Sustainable Development reported that 30-member delegation, comprising of representatives of the US Department of Commerce and investment corporations, has arrived to Georgia.

As the Ministry pointed, the delegation includes representatives of 12 large companies, who will study investment opportunities in various directions.




THE WB WORKS ON 5-YEAR FRAME DOCUMENT ON COOPERATION WITH GEORGIA

Georgia’s Prime Minister Giorgi Kvirikashvili declared that the World Bank works on the 5-year frame document on cooperation with Georgia. “Besides regional development, core directions of this document will be education and innovations”, he said.




AS OF END OF SEPTEMBER, NUMBER OF DEBIT CARDS INCREASED BY 6.3% Y-O-Y

National Bank of Georgia reported that as of the end of September, there were 8.59 million debit banking cards in circulation in the country. If compared with the same period of 2016, the number has increased by 6.3%.




AS OF END OF SEPTEMBER, NUMBER OF CREDIT CARDS INCREASED BY 13% Y-O-Y

National Bank of Georgia reported that as of the end of September, there were 837,880 credit banking cards in circulation in the country. If compared with the same period of 2016, the number has increased by 13%.




THE STATE BUDGET TO FUND GAS INSTALLATION TO ADDITIONAL 377 HOUSEHOLDS

According to the government order, the state budget will fund gas installation to 377 households. As administration of the government said, works on gas installation will be carried out in Dablatsikhe village of Chokhatauri municipality (Guria region).




THE GOVERNMENT: ABOUT 130,000 T OF GRAPES IS ALREADY PROCESSED, WINEGROWERS GOT UP TO 150M LARI

The government reported that rtveli-2017 (vintage) “has finished with unprecedented success” – about 130,000 t of grapes is already processed, while winegrowers received income of up to 150 million lari.

In purchases of grapes, 230 companies took part, while grapes were sold by over 15,000 winegrowers.




NEW DORMITORY TO BE BUILT IN BATUMI

Dormitory for 150 places will be built on Leonidze Street in Batumi, Ajara government reported. Works should be completed in summer of 2018.

business

ITALIAN “SPEA ENGINEERING” AND “IRD ENGINEERING” TO DESIGN ROAD SECTION FROM CHOROKHI RIVER TO SARPI

Design of 11-km road section of the highway between Chorokhi River and Sarpi checkpoint (border with Turkey) will be conducted by joint venture of Italian Spea Engineering SpA and IRD Engineering SRL.

The government approved at the meeting today the contract, which Roads Department has to sign with the Italian companies.