Thu, Jul 3rd, 2025
  • facebook
  • twitter
  • youtube
  • instagram
  • HOME
  • BUSINESS
  • POLITICS
  • ECONOMY
  • COUNTRIES
    • Caucasus
      • Armenia
      • Azerbaijan
      • Georgia
    • Central Asia
      • Kazakhstan
      • Kyrgyzstan
      • Tajikistan
      • Turkmenistan
      • Uzbekistan
    • Eastern Europe
      • Belarus
      • Moldova
      • Ukraine
    • Russia
  • OPINION
  • LIFESTYLE
  • FOCUS
The Tribune Logo
  • HOME
  • BUSINESS
  • POLITICS
  • ECONOMY
  • COUNTRIES
    • Caucasus
      • Armenia
      • Azerbaijan
      • Georgia
    • Central Asia
      • Kazakhstan
      • Kyrgyzstan
      • Tajikistan
      • Turkmenistan
      • Uzbekistan
    • Eastern Europe
      • Belarus
      • Moldova
      • Ukraine
    • Russia
  • OPINION
  • LIFESTYLE
  • FOCUS
Thu, Jul 3rd, 2025
  • HOME
  • BUSINESS
  • POLITICS
  • ECONOMY
  • COUNTRIES
    • Caucasus
      • Armenia
      • Azerbaijan
      • Georgia
    • Central Asia
      • Kazakhstan
      • Kyrgyzstan
      • Tajikistan
      • Turkmenistan
      • Uzbekistan
    • Eastern Europe
      • Belarus
      • Moldova
      • Ukraine
    • Russia
  • OPINION
  • LIFESTYLE
  • FOCUS
  • HOME
  • BUSINESS
  • POLITICS
  • ECONOMY
  • COUNTRIES
    • Caucasus
      • Armenia
      • Azerbaijan
      • Georgia
    • Central Asia
      • Kazakhstan
      • Kyrgyzstan
      • Tajikistan
      • Turkmenistan
      • Uzbekistan
    • Eastern Europe
      • Belarus
      • Moldova
      • Ukraine
    • Russia
  • OPINION
  • LIFESTYLE
  • FOCUS
ECONOMY
- Georgia
Georgian lari exchange rate to range within 3.15-3.25 GEL this year-Galt&Taggart-BM.GE

(Read the full article on bm.ge)

Rising commodity prices on the world market have an impact on inflation, especially on oil products, – Lasha Kavtaradze, economist at Galt & Taggart declares, BM.GE reported.

“Specifically, if we take oil products, we will see that prices for gasoline and diesel have increased by 40-40% in May, as well as the pressure is high on food and non-alcoholic beverages. Prices are rising in the healthcare sector as well. We have high inflation due to these factors”, Kavtaradze said.

He notes that GEL strengthening is a positive factor and it will be reflected on the prices after some months. However, he adds that this will not happen quickly, as prices are rigid and its adjustment takes time.

“The first reason for GEL strengthening is the fundamental factors: remittances have increased, tourism has revived in April and May. GEL strengthening is also related to the change in monetary policy. A positive factor was also the opening of land borders, which had an instant impact on the GEL exchange rate.

Jun 11, 2021

DATA SNAPSHOT

BANKS
- Azerbaijan
Fitch affirms Azerbaijan’s Expressbank at ‘B’, outlook Stable
TRADE
- Uzbekistan
Uzbekistan’s foreign trade turnover at $13.15 bln in Q1, 2022
ECONOMY
- Belarus
Belarus inflation up 15.9% yr/yr in March-Statistics Committee
ECONOMY
- Georgia
Remittances to Georgia rise 3% yr/yr to $193 mln in March-central bank
THE TRIBUNE
- Eurasia
The Tribune suspends publication
HEALTH
- Covid-19
COVID-19 Eurasia Roundup
The Tribune keeps you up-to-date with the latest vaccines and infection data across the region.
OPINION
- Kazakhstan
OPINION-Kazakhstan’s Reforms Should Be More Than Just Show-FOREIGNPOLICY
  • facebook
  • twitter
  • youtube
  • instagram
  • Privacy Policy
  • Cookie Policy
  • About Us
  • Contact Us
NEWSLETTER

I have read the privacy policy and consent to the storage of my data in your archive.

© 2021 thetribune.com All rights reserved.