GEL has strengthened by 3.77 tetri aginist GBP and amounted to 3.8294 GEL.

He said demand for mortgage loans had increased in May and the demand would increase further in June-July.

This is not official exchange rate of GEL, but supposedly strengthening of national currency should be reflected on the official exchange rate of GEL as well.

"Your favorite moment has not come. GEL strengthening is a complex of several factors. One is our balanced macroeconomic policy, balanced monetary and lending leverages".

In turn, the Union of Airports explains that airports are preparing to receive citizens.

As for transport, the prices went down by 4.6 percent, which resulted in a -0.57 percentage point contribution to the overall annual inflation rate. The prices decreased for operation of personal transport equipment (-6.9 percent).

6 more patients have recovered from the virus in the country, which brings the total number of the recovered patients to 640.

The share of cars in the total number of vehicles in Turkey made up 48.9 percent, vans and trucks – 11.1 percent, motorcycles – 28.3 percent, and tractors – 7.4 percent. The remaining 4.3 percent accounted for other vehicles.

While the global benchmark crude has now doubled from its low in mid-April, the path back to pre-virus levels of oil demand still looks uncertain.

The EU has announced three new projects supporting vulnerable groups cope with the Covid-19 crisis in Georgia. The projects will support victims of domestic violence, IDPs, and persons with disabilities across Georgia and will be implemented by civil society partners Women’s Information Center, Coalition for Independent Living, and IDP Women Association "Consent".

However, GEL has strengthened against GBP as well and as of the new exchange rate cost of GBP has totaled to 3.8671 GEL.

Under the loan agreement, Georgia will receive 92,302,000 euros from the Asian Development Bank to implement the COVID-19 Active Response and Expenditure Support (CARES) Program.

" 2020 state budget was planned on the basis of 4,5% growth. Naturally, this parameter will be changed, there is an economic crisis in Georgia, like in the whole world. Due to this, the budget will be corrected according to the -4% decline in GDP".

Six commercial banks participated in the auction. The total demand amounted to GEL 148 650 000. Minimum yield was 8.300%, maximum yield was 8.790% and the weighted average yield was 8.752%.

Currency exchange booths and other financial organisations temporarily suspended operations on March 31 in Georgia with the aim of reducing the spread of the coronavirus in the country.

The lawsuit was filed in November 2018 by an Alabama fund, the City of Birmingham Firemen’s and Policemen’s Supplemental Pension System, on behalf of Ryanair ADS investors from May 30, 2017 to Sept. 28, 2018.

Consequently, the balance of payments deficit will increase by 11% of GDP due to the crisis. The organization writes that Georgia will balance this imbalance with funds attracted from donor organizations.

"Georgia is one of the oldest wine regions on earth, with evidence of a booming wine industry dating as far back as 6000 BCE” – reads the article.

Russia’s flag carrier, however, said it expected market recovery to begin “in the near future as the airline industry is preparing for a gradual restart after almost three months of lockdown.