Economic Press Monitor
January 12, 2021
IN THIS ISSUE:
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| 1. |
WHAT SIGNAL DID BIDZINA IVANISHVILI SEND TO INVESTORS BY LEAVING POLITICS?
Economic & Politics
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The article brings comments of head of the Center for Economic Transformation Ramaz Gerliani and economist Merab Janiashvili in connection with decision of billionaire Bidzina Ivanishvili to leave the post of ruling Georgian Dream’s chairman and retire from politics. Gerliani considers that “Ivanishvili’s resignation will change nothing, until Georgian Dream remains the ruling team in the country” and “he will remain an informal leader”.
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WHAT FINANCIAL RESOURCE DID BIDZINA IVANISHVILI RETAIN FOR HIMSELF AND WHAT DID HE SHARE WITH HIS CHILDREN? – BILLIONAIRE’S STATEMENT
Economic & Politics
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Billionaire Bidzina Ivanishvili, who left the post of ruling Georgian Dream’s chairman, declares that $1.5 billion of his property “will be fully directed to charity”. Exactly this process was launched on December 30-31 last year, when the assets were passed to disposal of his charity fund Cartu, he said in an interview with Entrepreneur magazine.
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“IN PAST YEARS, WE HAVE IMPLEMENTED SIGNIFICANT MACROPRUDENTIAL MEASURES TO REDUCE EXCESSIVE INDEBTEDNESS AND CREDITS’ DOLLARIZATION”
Finances & Banking
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In an article, published by The Banker magazine, president of the National Bank of Georgia (NBG) Koba Gvenetadze emphasizes measures taken by NBG to mitigate negative impact of COVID-19 pandemic on the country’s financial sector. Gvenetadze indicates that “The pandemic-like global shock, which we are facing now, emphasizes vital importance of constant preparedness to crisis”.
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