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Economic Press Monitor


June 12, 2019

IN THIS ISSUE:

1. 467,284 PERSONS RECEIVE LIVING ALLOWANCE
2. THE WORLD BANK FORBADE ACTIVITY OF “CHINA RAILWAY 23RD BUREAU GROUP”, WORKING IN GEORGIA
3. ACCORDING TO DIRECTOR OF THE PENSION AGENCY, “10-11%” OF PARTICIPANTS LEFT THE SCHEME
4. “TI”: REACTION TO CORRUPTION IS A PROBLEM, IF IT CONCERNS THE GOVERNMENT OR PEOPLE, CONNECTED WITH “DREAM”

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1. 467,284 PERSONS RECEIVE LIVING ALLOWANCE
Macroeconomics & Budget

Since the beginning of the current year, number of beneficiaries of living allowance in Georgia increased by 5,172 and as of May, made up 467,284, the magazine reports. As living allowances for January-May, 135 million lari were issued.

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2. THE WORLD BANK FORBADE ACTIVITY OF “CHINA RAILWAY 23RD BUREAU GROUP”, WORKING IN GEORGIA
Companies

The World Bank (WB) forbade for 9 months activity of China’s state company, China Railroad Construction Corporation (CRCC), and its affiliated structures, CRCC International and CR23, Netgazeti.Ge reports.

The ban is connected with revealed violations, which the companies committed during the tender, announced within the project on improvement of East-West Highway (E60) in Georgia.

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3. ACCORDING TO DIRECTOR OF THE PENSION AGENCY, “10-11%” OF PARTICIPANTS LEFT THE SCHEME
Economic & Politics

Levan Surguladze, director of Georgian Pension Agency, reports that accumulative pension scheme involved 806,000 people. From this number, 10-11% already left the scheme, he specifies.

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4. “TI”: REACTION TO CORRUPTION IS A PROBLEM, IF IT CONCERNS THE GOVERNMENT OR PEOPLE, CONNECTED WITH “DREAM”
Economic & Politics

Referring to conducted research, TI Georgia, Georgian branch of Transparency International, points that Georgia manages to maintain achieved progress in eradication of petty corruption. However, the country fails to improve a situation in fight against a high-level corruption, the organization states.

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Exchange Rates (NBG)
  06/14/19 + / -
  USD   2.7468   0.0079
  EUR   3.0943   0.0029
  RUR   4.2700   0.0298
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