AGP Executive Report
Last update: 8 hours agoMacroeconomy & Finance: Georgia’s currency reserves hit a record level, exceeding $7 billion, after the National Bank bought a record $633m in May, according to the PM’s parliamentary annual report. Public Finance & Governance: In the same address, Irakli Kobakhidze claimed corruption at the “upper echelons” has been “fundamentally eradicated,” while the Finance Ministry’s Investigation Service reported a major illegal trade case involving psychotropic drugs worth over 53m GEL, with 17 arrests. Water & Infrastructure: The PM also said 31 cities are covered by the United Water Supply Company, reaching 65% coverage, with works in the remaining 17 cities due to finish by end of next year. Health & Social Policy: Adjara launched a “High-risk Women’s Milk Bank Program,” with the first bank to operate at Yashvili’s Batumi Maternity and Children Central Hospital, alongside newborn screening plans. Regional Trade & Connectivity: Kazakhstan, Azerbaijan and Georgia are working on a unified long-term tariff model for the Middle Corridor, while Azerbaijan continues expanding transit flows, including another Russian wheat shipment to Armenia via Azerbaijan and Georgia. Development Finance: Baku will host the BSTDB 28th Annual Meeting and a business forum on July 1–2, focusing on regional connectivity and development finance priorities.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.