Media Outreach

Monetary crises and Georgian banks’ offer

Feb, 2015

Tamar Jugheli, Research Director at PMC RC at Radio Tavisupleba studio, discussing about the monetary crises and the offer from Georgian banks about the extension of the loan.
Why different companies are trying to use famous companies’ logos and trademarks

Feb, 2015

Niko Tevdorashvili, Senior Consultant in Marketing, PR and Communications at PMCG discusses about the reasons of why different companies are trying to use logo and trademark of the successful, famous companies
Falling Exchange Rate Discourages Bank Borrowing, Survey Shows

Feb, 2015

The ongoing dramatic devaluation of the Georgian Lari towards the USD is discouraging citizens from borrowing from banks for fear of not being able to repay the loans, a recent survey by The FINANCIAL has shown. More than half of the respondents had planned to borrow from banks till the national currency started to devaluate so significantly. In cases where there is a real need for extra finances then Georgians are prepared to borrow in the national currency only.
Experts explain reduction in economic growth by several factors

Feb, 2015

Part of the experts agree with the arguments of the Government and claim that reduction in economic growth forecast is linked with the external factors. Others believe that the wrong economic policy of the Government have greater impact than the external factors.
Aleksi Aleksishvili: it was impossible to artificially appreciate Georgian Lari

Jan, 2015

Georgia economy is weak, small. Therefore Lari could not resist the global situation. The main question that arises – whether the National Bank of the Government could artificially intervene to continue the course of the work as it was before. The answer is obvious – no.
Aleksi Aleksishvili about fluctuation of Georgian Lari exchange rate

Jan, 2015

PMCG’s General Director talks about Georgian Lari exchange rate fluctuation at Qronika live.
Aleksi Aleksishvili discusses about the factors influencing exchange rate

Jan, 2015

General Director at PMCG, Aleksi Aleksishvili discusses about the major factors affecting Georgian Lari exchange rate at Maestro TV.
The number of visitors to Georgia raised by 101 200, in 2014

Jan, 2015

The number of visitors to Georgia raised by 101.2 in 2014 comparing with 2013 year. According to PMCG, the highest share (86.2%) came over land from the neighboring countries (Turkey, Armenia, Azerbaijan and Russia).
The number of tourists to Georgia is important for foreign currency flow, also for the tourism’s further development in the country

Jan, 2015

According to PMCG, the number of visitors to Georgia is 5.5 million, that exceeds the corresponding figure in 2013 by 1.9%. The number of tourists increased in I (7.6%) and in III (2.2%) quarters. While in II and IV quarters the number was reduced by -0.4% and -0.5% respectively.
State budget revenue will be fully accomplished in 2014

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 treasury and analysis of the previous years’ budget implementation.
Will the 2014 State budget accomplished or not?

Dec, 2014

Eka Ghvinjilia, Project Manager at PMCG discusses at Maestro TV channel
Based on the 2014 three quarters GDP is increased by 5.9%

Jan, 2015

Based on the 2014 three quarter the real GDP is increased by 5.9%, comparing to the same period in 2013. According to PMC RC, the largest share of GDP comes to construction (1.2 percentage points), industry (1.1 percentage points) and trade (1.1 percentage point).
PMCG: Panic conversions by population and businesses caused GEL’s sharp depreciation

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.
PMCG listed reasons of sharp deterioration of the exchange rate

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

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.