Georgian Lari recovers by 0.0020 GEL
Georgian National Currency gained value by 0.0020 GEL against US Dollar. According to new exchange rate set by National Bank of Georgia 1 USD equals 2.4010 GEL, while the previous exchange rate was 1 US D=2.4030 GEL.
Georgian Lari recovered towards Euro too. According to new exchange rate, 1 EUR costs 2.6315 GEL, while previous exchange rate was 2.6346. Georgian national currency gained value against Euro by 0.0031 GEL.
Building bridges between Georgia and ArmeniaThe European Bank for Reconstruction and Development (EBRD) is providing a loan to Georgia to improve the cross-border bridge connecting Georgia with Armenia. The project is part of the EU’s Integrated Border Management regional initiative. It represents another step forward in the implementation of Georgia’s plans to modernise and upgrade its infrastructure to EU standards.The Sadakhlo-Bagratashen bridge checkpoint is the main crossing between Georgia and Armenia. An upgrade of the existing infrastructure will improve the transit of people and goods across the border. The Northern Corridor Modernisation Project has a budget of EUR 10.3 million and is essential for supporting regional trade and cooperation between the two countries.Dimitry Kumsishvili, First Deputy Prime Minister and Minister of Finance of Georgia, commented: “I hope that our successful partnership will continue and that significant projects will be implemented for the advancement of water supply and sewage systems, energy, transport, agriculture and tourism.”
Tourism Revenues Exceed Two Billion USD
The numbers of tourists in Georgia have increased by half a million, and tourism revenues exceed two billion USD. The Prime Minister of Georgia commented on the positive tourism statistics at today's Government meeting.
According to Giorgi Kvirikashvili, it is truly commendable that, in 2016, over 6,350,000 international guests visited Georgia, and the country's revenues from tourism exceed 2,000,000,000 USD.
"It is a result of our joint efforts seeking to develop infrastructure and position Georgia as an attractive international destination. We believe that the investments to create year-round resorts and build roads to tourist destinations, also to implement public-private partnership models at winter resorts, must be enhanced further, because they yield concrete results in terms of additional revenues for local businesses and residents," the Prime Minister stated.
According to Giorgi Kvirikashvili, it is also a commendable outcome that, this year, more than one reputable publication has named Georgia as one of the most attractive new destinations, while some even rank it as the best new tourist destination in the world.
TWO PERSONS DETAINED FOR THE ATTEMPTED SWINDLING
The officers of Samegrelo-Zemo Svaneti Police Department of the MIA as a result of operative-investigation activities detained Maia B. (D.o.B.: 1968) and Nana Sh. (D.o.B.: 1980) in Zugdidi for attempted swindling.
Investigation established that the detainees deceived one of the refugees as if they had an influential acquaintance at the Ministry of Internally Displaced Persons from the Occupied Territories, Accommodation and Refugees who would assist him in receiving an apartment. For the mentioned favor detainees demanded and extorted 2000 USD from the refugee.
Law enforcers detained Maia B and Nana Sh in several minutes from the moment of extortion money. Police seized 2000 USD as evidence during personal search of Maia B. Both of the detainees have already pleaded guilty.
Number of tourists in Georgia has increased sufficiently
Popularization of Georgia is growing, international recognition of our country has increased and we consider that next year we shall expect more tourists - Prime Minister of Georgia Giorgi Kvirikashvili stated during the Cabinet meeting. Giorgi Kvirikashvili presented indicators of growth in the tourism area to the members of the Cabinet. According to the head of the Government, throughout last 7 months, more than 3 400 000 people visited Georgia. This unparalleled indicator is 11% higher than last year's index.
"Particularly unparalleled number of international visitors entered Georgia in July. Namely, 764 022 international visitors travelled to our country - as compared to the last year's similar indicator, the number of visitors increased with 26 124.
It is a welcoming fact that that number of tourists from neighboring countries as well as the EU member states is growing. In the first quarter of 2016, the tourism related income was 354.5 million USD that is 15.7% higher than last year's similar indicator. I consider that this trend is very important, since is implies growing of income for all individuals engaged in tourism industry - starting from the owners of family-type hotels and ending with large touristic complexes. This means more employed persons in Georgia, which is vitally important. I would like to thank the whole team that contributed to the development of this direction under the leadership of Ministry of Economy, Administration of Tourism, as well as Ministry of Culture. Thanks to the efforts of the Government, this result was achieved. This is a welcoming fact," - Prime Minister noted.
According to him, pursuant to the new scheme that encompasses public-private partnership model, the events for the next year will be planned during this autumn. Giorgi Kvirikashvili expressed hope that this trend will continue.
"I think that next year we shall expect more tourists. This calls for preparing loca infrastructure for the inflow. We have to work hard in this area," - head of the Government noted.
Georgian Lari should be priority for us-Nodar Khaduri
I absolutely agree with the President of the National Bank Georgian GEL should be priority for the currency for US- the Minister of Finance Nodar Khaduri said after commenting of the statement of the National Bank of Georgia, Koba Gventadze.
According to Gvenetadze, residents have to get used to live without the US dollar and the national currency should be a priority for Georgians. The main challenge is to restore confidence of Georgian Gel.