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Economic Press Monitor


May 13, 2022

IN THIS ISSUE:

1. GEORGIA IN THE PRESS FREEDOM INDEX
2. “MOODY’S” WORSENED GEORGIA’S CREDIT RATING OUTLOOK
3. IS THE GOVERNMENT GOING TO TAX THOSE EMPLOYED IN FAMILIES? – “THE STATE CANNOT RECEIVE REVENUES”
4. “BORJOMI” WILL HAVE A GEORGIAN OWNER SOON – IT IS ALREADY DECIDED IN WHOSE HANDS THE MOST FAMOUS GEORGIAN COMPANY WILL APPEAR

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1. GEORGIA IN THE PRESS FREEDOM INDEX
Economic & Politics

Referring to the international organization Reporters Without Borders, the magazine reports that Georgia with score of 59.3 points ranks 89th among 180 countries in the Press Freedom Index. If compared with the previous rating (60th place, 71.4 points), the country’s indicator has worsened by 29 positions, the magazine notes.

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2. “MOODY’S” WORSENED GEORGIA’S CREDIT RATING OUTLOOK
Economic & Politics

Rating agency Moody’s has confirmed Georgia’s sovereign credit rating at “Ba2”. However, the agency worsened the outlook from “stable” to “negative”, the magazine reports.

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3. IS THE GOVERNMENT GOING TO TAX THOSE EMPLOYED IN FAMILIES? – “THE STATE CANNOT RECEIVE REVENUES”
Macroeconomics & Budget

The Parliamentary Council for Equality considers important to develop a strategy, vision and legislative framework for people, employed in families.

Report of the Council deals with the rights of women, employed in the informal economy, while noting that “the state cannot receive revenues” from this activity.

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4. “BORJOMI” WILL HAVE A GEORGIAN OWNER SOON – IT IS ALREADY DECIDED IN WHOSE HANDS THE MOST FAMOUS GEORGIAN COMPANY WILL APPEAR
Companies

Russian Alfa Group (whose founder appeared in the Western sanctions list because of Russia-Ukraine war) will probably sell 55.8% in IDS Borjomi Georgia (bottler of Borjomi mineral water) to Georgian businessman Gia Orjonikidze, the newspaper reports.

Information about this was spread by the Russian media, however the businessman’s family denies this.

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Exchange Rates (NBG)
  05/20/22 + / -
  USD   2.9036   0.0226
  EUR   3.0738   0.0051
  RUR   4.7604   0.0502
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