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Economic Press Monitor


August 1, 2024

IN THIS ISSUE:

1. BLINKEN: US SUSPENDS AID OF $95M, WHICH IS USED BY GEORGIAN GOVERNMENT
2. US SUSPENDED SMALL PARCELS OF “GEORGIAN POST”
3. WHAT “APPROACHING STEPS” TBILISI EXPECTS FROM WASHINGTON – THE PREMIER SPEAKS ABOUT “REVISION OF RELATIONS” AGAIN
4. FOR THE FIRST TIME IN HISTORY, THE BUDGET OF AJARA AMOUNTS TO ABOUT 800M LARI

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1. BLINKEN: US SUSPENDS AID OF $95M, WHICH IS USED BY GEORGIAN GOVERNMENT
Economic & Politics

After anti-democratic actions of the Georgian government, the US suspends aid of more than $95 million, from which the Georgian government directly benefits, declared US State Secretary Antony Blinken.

As Blinken noted, the anti-democratic actions and false statements of the Georgian government are incompatible with the norms of EU and NATO membership.

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2. US SUSPENDED SMALL PARCELS OF “GEORGIAN POST”
Transport & Communications

Citizens post on social network that small parcels, sent to the US from May 1 to July 24, have returned.

Georgian Post confirms that “there is a delay in letters and small packages in America.

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3. WHAT “APPROACHING STEPS” TBILISI EXPECTS FROM WASHINGTON – THE PREMIER SPEAKS ABOUT “REVISION OF RELATIONS” AGAIN
Economic & Politics

The EU has suspended the process of European integration of Georgia, the US actively considers issue of sanctions, indicated US Under Secretary of State for European and Eurasian Affairs James O’Brien. This applies not only to those, who benefited from corruption, but also to those involved in human rights violations, he stressed.

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4. FOR THE FIRST TIME IN HISTORY, THE BUDGET OF AJARA AMOUNTS TO ABOUT 800M LARI
Macroeconomics & Budget

A few weeks ago, the budget of Ajara autonomous republic was adjusted and for the first time, it has reached about 800 million lari (764.7 million lari), declared Prime Minister of Ajara Tornike Rizhvadze. Together with budget growth, we proportionally increase funding for all municipalities, he said.

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Exchange Rates (NBG)
  02/14/25 + / -
  USD   2.8362   0.0205
  EUR   2.9687   0.0345
  RUR   3.1240   0.0226
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