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13 million spent on salaries and services - Opposition responds to the audit report on expenditures of presidential administration

{The Week} | economs
13 million spent on salaries and services - the audit report on the expenditures of the presidential administration was followed with political assessments. Opposition estimates that every institution should pay special attention to spending budget funds. According to the representatives of
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National Bank established a new rate of GEL

{The Week} | economs
The national currency rate has been strengthened against the dollar. The new exchange rate of the National Lari has been established. The official price of the US dollar was 2.6074 GEL. The course, which was operating today, was GEL 2.6343. As for the euro, the gel is also slightly strengthened
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2.63 - GEL was reduced by about 7 points towards the dollar

{The Week} | economs
Gel continues to impair with speed record - The National Bank of Georgia has set a new exchange rate, according to which, dollar price has become 2.6343 Gel. Starting with tomorrow, 1 USD will cost 2.6343 Gel, while the previous rate was 2.5694 Gel. As for the euro, its exchange rate is 3.0047 Gel,
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National currency is denominated at record rate - 1 dollar value reached 2.66 tetri

{The Week} | economs
National currency continues to impair. Lari exchange rate is changing every minute. The starting point of the Lari course was 2.56 in the morning, but the Lari market rate is 2.61. The rate is higher in commercial banks. The price of 1 dollar in the bank of Georgia is 2.66 Tetri, for TBC Bank - one
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The government has a plan to provide stability of GEL- Irakli Kobakhidze

{The Week} | economs
Irakli Kobakhidze, the Chairman of the Parliament of Georgia responds to impairment of the rate of GEL. Irakli Kobakhidze linked impairment of the Lari course to external factors and states that the government has a plan to maintain the stability of the Lari. "We have, of course, a permanent
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National currency devaluated to a record low ratw with respect to USD and Euro

{The Week} | economs
The national currency has devaluated by the end of the week. According to official data, in the last 24 hours lari has fallen by almost 7 tetri against the dollar. According to the rate established by the National Bank, the official price of one dollar reached GEL 2.5339, while the value of one
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"As long as Bidzina Ivanishvili rules the country, the currency fluctuations will be permanent" - opposition responds to the impairment of Lari with record speed

{The Week} | economs
The opposition responds to the impairment of the Lari with record speed. Opposition criticizes the government and calls on the government to take effective steps. Member of the Political Council of the "United National Movement" Zurab Melikishvili notes that the depreciation of the Lari is caused
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GEL depreciates - the cost of 1 dollar in commercial banks reaches 2.62 GEL

{The Week} | economs
The national currency significantly diminished today. One dollar reaches 2.62 GEL in commercial banks. The price of one dollar in TBC Bank is 2.61 GEL. As for the Bank of Georgia, one dollar is available for 2.60 GEL. The dollar rate is high in foreign currency booths as well. The cost of the
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By the end of the week, GEL devaluated in relation to of US dollars

{The Week} | economs
By the end of the week, GEL devaluated in relation to of US dollars According to the data released by the National Bank of Georgia yesterday, the value of 1 USD was 2.4484 lari. The course, which was operating yesterday, was GEL 2.4469. Accordingly, the change in dollar amounted to 0.0015 GEL per
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"Ecological problems are much more important than economic" - Minister of Finance

{The Week} | economs
"Environmental problems are much more important than economic," said Ivane Machavariani, the Finance Minister who responded to the special operation in Svaneti. According to him, illegal logging should end in the country. "We believe that trees need protection. This day is a proof. The Svaneti
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"His statement about banks is very dangerous" - the opposition speaks about Ivanishvili

{The Week} | economs
Bidzina Ivanishvili criticized the banking sector in yesterday"s interview. He accused the two main banks operating in Georgia of increasing poverty and the former PM of lobbying these banks. According to him, Kvirikashvili and Vice Prime Minister Dimitri Kumsishvili hid the results of the IMF
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Will Kvirikashvili be summoned for interrogation or not - Government says that nobody is untouchable

{The Week} | economs
The new Minister of Economy Giorgi Kobulia is ready to send the whole material, obtained during Dimitri Kumshvishvili"s term in office to the Prosecutor"s Office. He made a statement a while ago in an interview with Courier. "The appropriate departments provide information that will be requested,"
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Decision of government on Saknakshiri"s offer remains unknown

{The Week} | economs
A Business Ombudsman has made a comment on the offer of the company "Saknakhshiri" regarding transfer of the Tkibuli shaft free of charge. According to Irakli Lekvinadze, the company has financial problems. According to him, the work of "Sakhnakhshiri" was unprofitable and it was a kind of social
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Georgian Industrial Group expresses its readiness to transfer the company "Saknakhshiri" to the state free of charge

{The Week} | economs
"The Georgian Industrial Group expresses its readiness to transfer the company free of charge to the state," the Georgian Industrial Group said in a statement. "The Georgian Industrial Group expresses deep sorrow over the accident and expresses condolences to the staff of the Sakhnakhari and family
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Candidate for Minister of Economu plans to review Anaklia port project

{The Week} | economs
A Candidate for Minister of Economic plans to review the Anaklia port project. Giorgi Kobulia made an announcement at the committee hearing. Kobulia has not specified, what can be changed in the current project. The hearing continued for more than five hours. Most of the questions were directed to
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We want to increase our economy and share incomes equally between the population - candidate for Minister of Economy

{The Week} | economs
"The growth of the economy is not our end in itself. Our goal is to increase the well-being of Georgian citizens,"- said Giorgi Kobulia, the candidate of the Minister of Economy and Sustainable Development of Georgia at the meeting with parliamentarians. According to Giorgi Kobulia, his main goal
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7.5% economic growth in May is a clear confirmation of the correct economic policy of the government - Mamuka Bakhtadze

{The Week} | economs
  Georgia"s economic growth reached 7.5% in May, which is a clear indication that the government is pursuing a proper economic policy, - responded Georgian Prime Minister Mamuka Bakhtadze to the new data released today by GeoStat. According to the Prime Minister"s assessment, it is the confirmation
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Companies who have stopped working due to tax arrears will be exampt from taxes- PM

{The Week} | economs
The Government of Georgia decided to exampt from the tax liabilities the companies activity was suspended due to the debt. The statement was made by the Prime Minister of Georgia. Mamuka Bakhtadze said at a briefing today that the debt will be annuled for the companies as of January 1, 2013. He
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