Georgian Lari recovers by 0.0005 GEL

Published in Economics
Thursday, 17 December 2015 12:27

Georgian National Currency gained value by 0.0005 GEL against US Dollar. According to new exchange rate set by National Bank of Georgia 1 USD equals 2.3975 GEL, while the previous exchange rate was 2.3980 GEL.

Georgian Lari recovered towards Euro too. According to new exchange rate, 1 EUR costs 2.6185 GEL, while previous exchange rate was 2.6390. Georgian national currency gained value against Euro by 0.0205 GEL.

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    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

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  • 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.
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