Georgian English Russian Main Register Company Partners Feedback
Sarke Information Agency
Georgian/English/Russian Menu

Daily News
Economic Press Monitor
Special Report
 


Economic Press Monitor


August 13, 2019

IN THIS ISSUE:

1. CAPITAL PROJECTS, FINANCED BY THE CREDIT, WHICH HAVE 0% INDICATOR OF FULFILLMENT
2. IN 6 MONTHS, BUDGETARY ORGANIZATIONS SPENT 109.3M LARI FOR BONUSES AND SALARY SUPPLEMENTS
3. AIR COMMUNICATION BETWEEN RUSSIA AND GEORGIA WILL NOT BE RESTORED UNTIL OCTOBER 2020
4. CHIABERASHVILI: PENSION SCHEME WAS LEFT BY 50% OF THOSE, WHO COULD

Full text is not available for the guests. Please, login, if you already have account, or register to get one.


1. CAPITAL PROJECTS, FINANCED BY THE CREDIT, WHICH HAVE 0% INDICATOR OF FULFILLMENT
Macroeconomics & Budget

For implementation of capital projects, Georgia’s state budget of the current year envisages 2.35 billion lari (or 17.9% of total expenditure), the magazine reports. The article notes that the main sources of financing of these projects are credits (51.6%) and budgetary funds (46.6%).

Back to the Headlines


2. IN 6 MONTHS, BUDGETARY ORGANIZATIONS SPENT 109.3M LARI FOR BONUSES AND SALARY SUPPLEMENTS
Macroeconomics & Budget

In 6 months of this year, Georgian budgetary organizations spent 2.9 million lari for employees’ bonuses and 106.4 million lari – for salary supplements, the magazine reports. The article indicates that the volume has increased by 13.9% year-on-year.

Back to the Headlines


3. AIR COMMUNICATION BETWEEN RUSSIA AND GEORGIA WILL NOT BE RESTORED UNTIL OCTOBER 2020
Economic & Politics

Yury Barzykin, vice-president of the Russian Union of Travel Industry, declared that there are no prerequisites for restoration of air communication between Russia and Georgia (Russia banned air communication with Georgia since July 8).

Now, tourist flow from Russia to Georgia is dropped by 70% at least, Barzykin told to Izvestia newspaper.

Back to the Headlines


4. CHIABERASHVILI: PENSION SCHEME WAS LEFT BY 50% OF THOSE, WHO COULD
Economic & Politics

MP from oppositional European Georgia Zurab Chiaberashvili declared that “as of the mid July, about 148,000 people left the pension scheme”.

By Chiaberashvili’s calculations, about 300,000 people could leave the scheme (participation in the scheme is mandatory for persons, who were below 40 years at the moment of respective law’s entry in force).

Back to the Headlines


Exchange Rates (NBG)
  08/16/19 + / -
  USD   2.9232   0.0050
  EUR   3.2395   0.0160
  RUR   4.4227   0.0328
Get News in Brief by e-mail
Get daily News in Brief on your e-mail for free!
Announcements
Dear readers,

We are leaving for summer holidays and will return on September 2. During this period, the site will not be updated.

Wish you jolly summer holidays too.

Sincerely,

Sarke Information Agency


© 2019 Sarke Information Agency