FactCheck - Innovative Media

Artificially Strengthened Ruble Raises Concerns of Prolonged Recession in Russia

In August 2023, the RUB to USD exchange rate increased to RUB 102, but after Russia's Central Bank raised the key interest rate from 8.5% to 12%, the exchange rate decreased to RUB 94

29/08/2023

FactCheck Newspaper

FactCheck Newspaper
Possibility to Select Three Different Portfolios to Invest Pension Savings Before 6 September

It has been five years since the adoption of the Law on Cumulative Pensions where beneficiaries are allowed to distribute their savings in high-risk, low-risk and medium-risk portfolios

22/08/2023

FactCheck Newspaper

FactCheck Newspaper
Irakli Gharibashvili:

“Georgia has signed free trade agreements with the markets of 2.3 billion consumers.”

Verdict: FactCheck concludes that Irakli Gharibashvili’s statement is TRUE

21/08/2023

True

The statement is accurate and nothing is missing
National Bank’s International Reserves Are Within Adequacy Zone

In July 2023, the volume of the National Bank’s international reserves surpassed the April record and reached USD 5.4 billion

15/08/2023

FactCheck Newspaper

FactCheck Newspaper
“The nominal GDP per capita almost doubled in three years (2020-2023).”

Verdict: FactCheck concludes that Irakli Kobakhidze’s statement is HALF TRUE

14/08/2023

Half True

The statement is partly accurate, but the details are missing or some of the issues are without context
Irakli Kobakhidze:

“When you speak about the growth of trade with Russia, this is simply a lie.”

Verdict: FactCheck concludes that Irakli Kobakhidze’s statement is FALSE

31/07/2023

False

The statement is inaccurate
Otar Shamugia:

“Wine export is growing. The growth rate was around 30% in the last year and this year, too, we have a massive growth in this direction in six months.”

Verdict: FactCheck concludes that Otar Shamugia’s statement is HALF TRUE

31/07/2023

Half True

The statement is partly accurate, but the details are missing or some of the issues are without context
Combined Share in Assets of Georgia’s Two Largest Banks is Almost 80% and Over 90% in Profits

As of 31 December 2022, the total amount of assets of both the Bank of Georgia and TBC Bank is GEL 55.8 billion which accounts for 79.3% of the total bank assets

17/07/2023

FactCheck Newspaper

FactCheck Newspaper
Gennady Arveladze:

“After the free trade agreement came into effect, export to China doubled.”

Verdict: FactCheck concludes that Gennady Arveladze’s statement is MOSTLY TRUE

17/07/2023

Mostly True

The application is accurate, but requires additional information and/or definition
Mikheil Daushvili:

“The Georgian Dream subjected the National Bank to a party vertical.”

Verdict: FactCheck leaves Mikheil Daushvili’s statement WITHOUT A VERDICT

10/07/2023

Without verdict

The verification of the application can not be evaluated
Roman Gotsiridze:

“Our top export partner is Armenia, Russia is the second.”

Verdict: FactCheck concludes that Roman Gotsiridze’s statement is MOSTLY TRUE

10/07/2023

Mostly True

The application is accurate, but requires additional information and/or definition
“In 2022, revenues from export, tourism and remittances [from/to Russia] trebled to USD 3.6 billion.”

Verdict: FactCheck concludes that Teimuraz Janashia’s statement is TRUE.

03/07/2023

True

The statement is accurate and nothing is missing
Giorgi Kakauridze:

“The revenue part of the 2022 budget was executed by 100.6% of the plan.”

Verdict: FactCheck concludes that Giorgi Kakauridze’s statement is TRUE

03/07/2023

True

The statement is accurate and nothing is missing
Tamaz Datunashvili:

“Georgia’s trade turnover with Russia in 2022 increased by 52% to USD 2.5 billion.”

Verdict: FactCheck concludes that Tamaz Datunashvili’s statement is TRUE

27/06/2023

True

The statement is accurate and nothing is missing
Local Export Decreased by 22.9% in Five Months

In January-May 2023, export increased by 18.6% from USD 2.110 billion to 2.503 billion as compared to the same period of the previous year

26/06/2023

FactCheck Newspaper

FactCheck Newspaper

Topics

Artificially Strengthened Ruble Raises Concerns of Prolonged Recession in Russia

Possibility to Select Three Different Portfolios to Invest Pension Savings Before 6 September

“Georgia has signed free trade agreements with the markets of 2.3 billion consumers.”

National Bank’s International Reserves Are Within Adequacy Zone

“The nominal GDP per capita almost doubled in three years (2020-2023).”

“When you speak about the growth of trade with Russia, this is simply a lie.”

“Wine export is growing. The growth rate was around 30% in the last year and this year, too, we have a massive growth in this direction in six months.”

Combined Share in Assets of Georgia’s Two Largest Banks is Almost 80% and Over 90% in Profits

“After the free trade agreement came into effect, export to China doubled.”

“The Georgian Dream subjected the National Bank to a party vertical.”

“Our top export partner is Armenia, Russia is the second.”

“In 2022, revenues from export, tourism and remittances [from/to Russia] trebled to USD 3.6 billion.”

“The revenue part of the 2022 budget was executed by 100.6% of the plan.”

“Georgia’s trade turnover with Russia in 2022 increased by 52% to USD 2.5 billion.”

Local Export Decreased by 22.9% in Five Months

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