State budget revenue will be fully accomplished in 2014

State budget revenue will be fully accomplished in 2014

25-Dec-2014
According to PMCG analysis, the revenue part of the State budget will be fully accomplished, while expenditure nearly by 98%. In addition, tax revenue is expected to exceed. The analysis is based on the indicators of eleven months of 2014, the information of the State…
Eka Ghvinjilia about the exchange rate changes at Radio Tavisupleba

Eka Ghvinjilia about the exchange rate changes at Radio Tavisupleba

12-Dec-2014
Eka Ghvinjilia, Project Manager at PMC RC discussed about the recent changes in exchange rate. According to the organization, sharp deterioration in the exchange rate was caused by speculative behavior of market players and panic conversions by businesses.
PMCG listed reasons of sharp deterioration of the exchange rate

PMCG listed reasons of sharp deterioration of the exchange rate

11-Dec-2014
Georgia has floating exchange rate policy that includes a free regime to other currencies and is formed according to world demand and supply market. In this case, the National Bank does not affect the determination of the exchange rate.
GEL’s depreciation was caused by market’s speculative behavior and panic conversions

GEL’s depreciation was caused by market’s speculative behavior and panic conversions

11-Dec-2014
During the peak period 1 US dollar was sold for about 2.05 Georgian Lari, that despite of the fundamental reasons affecting exchange rate (deterioration of the trade balance, reduction off the money transfers and tourists’ flow) is abnormally high rate.
Sharp deterioration of exchange rate was caused by market players’ speculative behavior and panic conversions

Sharp deterioration of exchange rate was caused by market players’ speculative behavior and panic conversions

11-Dec-2014
According to PMCG publication, sharp deterioration of exchange rate was caused by speculative behavior of market palayers and panic conversions
PMCG: Panic conversions by population and businesses caused GEL’s sharp depreciation

PMCG: Panic conversions by population and businesses caused GEL’s sharp depreciation

10-Dec-2014
PMCG issued special publication, coming out the recent devaluation of Georgian Lari: official exchange rate of 1 US dollar is 1.93 GEL on December 10, 2014. During the last three weeks dollar has depreciated against GEL by 0.18 units.
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