The Asian Development Bank (ADB) is committed to partnering with developing economies in Asia and the Pacific to achieve their recovery goals from the coronavirus disease (COVID-19) pandemic, President Masatsugu Asakawa said in an address to ADB’s Board of Governors today.

In Q2 2020 the nominal GDP amounted to GEL 11 210.0 million. The real Gross Domestic Product (GDP) declined by 12.3 percent YoY, while the GDP deflator increased by 6.3 percent.

She noted that the steps Georgia has taken to prevent the spread of the coronavirus were effective including the closure of borders, quarantine, anti-crisis support for coronavirus-affected people and noted that these measures have given the country more time to get ready to further combat the virus.

Speaking at the event, Matchavariani emphasised the ADB's efforts in helping Georgia fight the spread of Covid-19 and at the same time pointed to several sectors that would need further support from the bank.

Minister of Economy said that the measures taken on time are directly linked with the perspectives of recovery.

Banks' short-term external debt stock rose 1.2% to $56.7 billion while other sectors' short-term external debt stock was down 12.3% to $51.5 billion during the same period.

Hungary (4%), Poland (3.7%), and the Czech Republic (3.5%) posted the highest inflation rates during the same period.

A total of 115 banks may benefit from this measure through June 27, 2021.

The number of recoveries has increased by 13 and reached 1435.

In recent weeks, Pfizer has said it should know by the end of October whether the vaccine, developed together with Germany’s BioNTech SE, is safe and effective. If the vaccine is shown to work by then, Pfizer has said it would quickly seek regulatory approval.

Brent crude LCOc1 was up 36 cents, or 0.8%, at $43.57 a barrel by 0651 GMT, while U.S. oil futures CLc1 gained 33 cents, or 0.6%, to $41.30 a barrel.

TAP project, worth 4.5 billion euros, is one of the priority energy projects for the European Union (EU). The project envisages transportation of gas from Azerbaijan's Shah Deniz Stage 2 to the EU countries.

As of tomorrow, 1 USD will cost GEL 3.1886, while the previous rate was GEL 3.1547.

Based on the statement, the Air Company is ready to resume its service in Georgia. According to Wizz Air, the flight Kutaisi-Riga will be carried out on October 4 as scheduled.

According to the head of the government, the educational process in different countries starts in stages and the Georgian government continues to help Georgian students to gradually return to the cities where they study.

The programme is in line with Facebook’s three-part framework to improve the quality and authenticity of stories in the news feed, wherein Facebook removes accounts and content that violate its community standards or ad policies.

According to the Prime Minister, the main task of the government today is to recover economy as quickly as possible and to protect the health of citizens.

“We should act carefully in speeding up the economy...we will continue opening Georgia’s skies carefully and gradually, based on the epidemiological situatuon and economic interests," said Gakharia.