The annual inflation rate was mainly influenced by price changes for the following groups:Food and non-alcoholic beverages: the prices in the group increased by 5.9 percent, contributing 2.04 percentage points to the overall annual inflation rate. Within the group the prices increased for the following subgroups: vegetables (10.8 percent), bread and cereals (9.2 percent), milk, cheese and eggs (10.1 percent), fish (10.9 percent), meat (9.1percent), mineral waters, soft drinks, fruit and vegetable juices (8.7 percent), coffee, tea and cocoa (3.4 percent), sugar, jam, honey, chocolate and confectionery (1.5 percent). At the same time, prices decreased for the subgroup of fruit and grapes (-4.4 percent);Housing, water, electricity, gas and other fuels: the prices for the group posted a 10.3 percent increase, which contributed 1.15 percentage points to the annual inflation rate. The prices were higher for the following subgroups: actual rentals for housing (31.0 percent), maintenance and repair of the dwelling (4.6 percent);Transport: the prices for the group decreased by 12.9 percent, contributing -1.66 percentage points to the overall index. Within the group the prices decreased for the following subgroups: operation of personal transport equipment (-20.5 percent), purchase of vehicles (-2.8 percent). At the same time, prices increased for transport services (8.0 percent);Health: the prices for the group decreased by 7.9 percent, with the relevant contribution of -0.78 percentage points to the annual inflation rate. Within the group, the prices were lower for medical products, appliances and equipment (-18.7 percent). At the same time, prices increased for out-patient services (11.3 percent) and hospital services (7.6 percent).
Compared to February 2022 the CCI increased by 6.6 percent. The latter was largely caused by the 4.8 percent increase in the prices for construction materials, which contributed 2.69 percentage points to the total index change.The following table presents the CCI in March 2023, compared to the previous month and February 2022, as well as the contributions of cost categories to the total index.
As of 2022, the number of persons receiving subsistence allowance was 17.4% of the total populationAfter 2009, the lowest number of people receiving subsistence allowance was 376.7 thousand in 2015. In 2022, compared to 2015, the number of people receiving subsistence allowance has increased by 72%.
Deputy Economy Minister Genadi Arveladze, who is on a working visit to Korea, met the country’s Acting Director of the Free Trade Policy Department of the Ministry of Trade, Industry and Energy to discuss the conditions of the deal.The agreement will cover liberalisation of trade in both goods and services, sanitary and phytosanitary measures, technical barriers to trade, intellectual property rights, government procurement and more.The state body said the document also implied deepening economic cooperation in energy, transport, information technology, tourism, environmental protection and other sectors. A high-level delegation from Korea will visit Georgia in the second half of this year in order to make a final agreement and sign a document on the terms of negotiations, the Ministry also noted.
In 1Q, the price of imported oil products in Georgia decreased by 6%. According to Geostt, if last year the price of 1 liter of oil and oil products was $0.85 on average, this year its price is $0.8.TOP Importing Partners:
Of these, 154 people have committed crimes before the probationary period expires, it makes up 6.9% of persecuted persons.Although the total number of crimes has decreased, the number of domestic violence has increased by 8.3% during the reporting period. If last year in March 216 cases were initiated under this article, this year this figure has increased to 234 cases.
With the EU’s support, nursery certification and compliance with CAC standards will allow the production of higher quality, pests and virus-free, true-to-type saplings, resulting in a more competitive agricultural sector. Certified nurseries provide export opportunities and contribute to overall economic development in the country.On 6-7 April 2023, during the consultations with MEPA, NFA and SRCA, FAO facilitated the discussion to develop and implement the nursery certification system and the CAC standards in Georgia. The significant topics highlighted during the meetings were developing phytosanitary measures, inspections and control mechanisms. Georgian government representatives also held presentations about their work connected to nursery inspections and CAC standards.Between 8 and 13 April 2023, the FAO experts visited several nurseries throughout Georgia and provided technical support for meeting certification requirements and CAC standards. The experts also conducted assessments and held relevant training sessions for nurseries about modern sapling production and propagation techniques, thus improving phytosanitary and food safety standards in nurseries.“Certification and inspections are important for the development of agriculture in Georgia as they guarantee the identity, health and quality of seeds and propagating material. This will increase buyers’ confidence that they purchase a safe and healthy product”, says Dominik Papenheim, Team Leader Economic and Trade at the Delegation of the European Union to Georgia.“Advancing the nursery certification framework can become an important milestone in Georgia’s agricultural development. Safe food and high-quality fruits and vegetables start from nurseries. By ensuring that saplings are true-to-type and free of pests and diseases, we can make a big step forward toward providing Georgian consumers with healthier, locally produced agricultural goods. Naturally, with the continued support of the EU, FAO is glad to support the country in advancing the legislative framework for certifying nurseries and helping them in meeting CAC standards,” says Javier Sanz Alvarez, FAO Programme Coordinator.
The estimated real Gross Domestic Product (GDP) growth rate amounted to 7.3 percent for March 2023 compared to previous year and the average real GDP growth of Q1 2023 equaled 7.2 percent.Declines were registered in Manufacturing, Energy and Real estate activities.
"The activity and interest of the private sector in the auction of power generation capacity from renewable sources is very important for us - the commission reviewed the submitted proposals in the shortest possible time, selected those applications whose proposed tariff fell below the median tariff and identified the winners of the auction, in total 24 companies", said the First Deputy Minister of Economy Romeo Mikoutadze while evaluating the results of the auction.According to him, after the Government of Georgia reviews and approves the information about the winning companies in the power auction, detailed information about the energy projects that will be implemented under the support scheme based on the results of the first auction will become known to the public.The Ministry of Economy announced the auction of power generation capacity from renewable sources on February 10 of this year. Acceptance of applications started on March 22, 2023 and ended on March 27 at 18:00. In the auction, 78 bids were submitted through sealed envelopes.
"Compared to the same period of the previous year, we have a 31% increase in general cargo: in the first three months of 2023, general cargo in Batumi and Poti harbors amounted to 1,229,548 tons. Of which, 107,176 tons were processed in Batumi, 115,589 tons in Poti.The amount of oil and oil products in the ports of Georgia has decreased by 39% - 1,190,301 tons, which is due to the factor of the Baku-Supsa pipeline, therefore, the Supsa oil terminal has not received any more ships since April 2022 (during this period, only 2 ships were processed in February 2023)", - the Maritime Transport Agency of Georgia stated.
Until the legislation is refined IT companies do not see prospects
Indulge in the Flavors of Georgia at Bread&Wine: Tbilisi's Premier Geo...
BOGG Ranks the 1st With ROE
Basisbank's Rating affirmed at 'B+' and Outlook upgraded from 'Stable'...
Basisbank Supports Laurel Plantation Project by Farmer's House
President delivers her annual report in parliament
According to Zourabichvili, the Georgian government gradually transformed.“Instead of strengthening state institutions, being the cornerstone of democracy, the one-party system and its influence get stronger. Laws adopted in an expedited manner (on covert recordings, abolishment of state inspector, changes in the rule for appointment of judges and foreign agents bill) serve your power’s prolongation instead of serving democracy strengthening and citizens’ welfare. The court reform, vital for the country’s future, is at a deadlock,” President said.Salome Zourabichvili went on to say that the ruling party members speak in unison, and those having different viewpoints, tend to quit the party.“The party influence is evident in the government and parliament. The party turned into a decision-making space. The party chairman announces his standpoint on all political issues in advance, and the decision-making process is vague, not to mention open discussions.You are the government confronting the country’s foreign goal, the people’s mandate. By inviting Gavrilov (Russian MP) in 2019, you raised doubts and questions for the first time, though the actual transformation began in 2021 when the Georgian Dream former Chairman Bidzina Ivanishvili quit politics,” she said.President also recalled the annulling of the document drafted with the engagement of the European Council President and rejection of the EU loan.“You have never stopped the anti-European rhetoric, blaming and insulting our partners. All this finally came to the extent that we expelled the former EU ambassador from the country with reprimands and accusations,” Zourabichvili stated.
Anti-Russian sanctions were not violated at Georgian customs – Ministe...
As the Minister of Finance noted, all products included in the list determined by the countries participating in the sanctions, as well as any customs operations (including export, re-export and transit), which can be carried out by sanctioned individuals or companies, are subject to special customs control in Georgia.In his speech, the Minister noted that from the very first days of the imposition of international sanctions, a relevant working group was created in the Customs Risk Management Division of the Customs Department of the Revenue Service, which carries out centralized control of the enforcement of the said sanctions.
PM attends test flight of unmanned aerial vehicles by Georgian-Polish...
The FLYEYE unmanned aerial system is designed for high-precision tasks in adverse environmental conditions and radio-electronic warfare, in every climate zone. The system allows for covert surveillance and the analysis of captured data in real-time, day and night. The Warmate loitering munition boasts confirmed effectiveness and a high-precision target hit. It employs various types of warheads. It is used by the Polish Army and the regular armies and special forces of NATO member or non-member clients alike.Delta-WB LLC was established in Georgia by Delta International LLC and WB Electronics SA, companies established by Delta with 100% participation shares. The goal of this Georgian-Polish enterprise is to assemble UAVs. The enterprise will be able to manufacture hundreds of drones a year. At this stage, the company ensures procedures for streamlining the assembly line for Warmate and FLYEYE UAVs.To develop the military industry, an agreement has been signed between Delta-WB and the Defense Ministry of Georgia which envisages opening the first UAV training center in the region. The center’s professional instructors will retrain the relevant Defense Forces personnel.Irakli Garibashvili, joined by the Defense and Interior Ministers, dined together with soldiers in the dining hall of the Training and Military Education Command’s Support Center Krtsanisi.
PM Launched A Meeting Of The Competitive Selection Commission For The...
Commission members elected Revaz Javelidze, Head of Government Administration as Chairman of the Competitive Selection Commission on the grounds of voting. In line with the Executive Order N289 issued by Irakli Garibashvili, Prime Minister of Georgia on 22nd December 2022, a competitive selection process was launched for the vacant position of the Head of Anti-Corruption Bureau of Georgia. The Referred Competitive Selection Commission was established and its composition was defined on 30th December 2022 in line with the Executive Order N304.Competitive Selection Commission comprises the following officials:– Revaz Javelidze, Head of Government Administration;– MP Mikheil Sarjveladze, Chairman of the Parliamentary Committee on Human Rights and Civil Integration;– MP Anri Okhanashvili, Chairman of the Parliamentary Committee of Legal Affairs;– Giorgi Mikautadze, Deputy Chairman of the Supreme Court of Georgia;– Bakur Abuladze, First Deputy General Prosecutor of Georgia;– Tamar Gvaramadze, Acting Public Defender (Ombudsman) of Georgia;– Alexandre Kevkhishvili of Transparency International – Georgia.The Anti-Corruption Bureau of Georgia has been established as a legal entity of public law (LEPL) in line with amendments made to the legislation of Georgia. It is mandated to operate independently and be accountable towards the Parliament of Georgia and Interagency Anti-Corruption Council of Georgia.The Anti-Corruption Bureau will be managed by the Head of Anti-Corruption Bureau, who will be selected by a commission comprising public institutions and civil society representatives through a process of competitive selection. At least 2, but maximum 5 candidates will be selected through the process. Head of the Anti-Corruption Bureau will be appointed by the Prime Minister of Georgia for a tenure of 6 (six) years.
Kaladze instructs all services to inspect the completed works in the c...
According to Kakha Kaladze, everything should be done so that a tragedy like in Vake Park never happens again."I would like to instruct all agencies, services, boards and subordinate companies under the City Hall to carry out city-wide inspection of all the completed works for compliance with the existing norms and rules, the examination of which was done by "Mshen Expert" LLC. This is an expert bureau, which is being investigated for issuing a false report. Unfortunately, we cannot turn back time and the only thing each of us can do today is to do everything we can to ensure that such a tragedy never happens again. Children's joy should always be heard in Tbilisi, Marita's memory obliges us to do this," said Kakha Kaladze.