Economic Press Monitor
August 13, 2019
IN THIS ISSUE:
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1. |
CAPITAL PROJECTS, FINANCED BY THE CREDIT, WHICH HAVE 0% INDICATOR OF FULFILLMENT
Macroeconomics & Budget
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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%).
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IN 6 MONTHS, BUDGETARY ORGANIZATIONS SPENT 109.3M LARI FOR BONUSES AND SALARY SUPPLEMENTS
Macroeconomics & Budget
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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.
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AIR COMMUNICATION BETWEEN RUSSIA AND GEORGIA WILL NOT BE RESTORED UNTIL OCTOBER 2020
Economic & Politics
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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.
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CHIABERASHVILI: PENSION SCHEME WAS LEFT BY 50% OF THOSE, WHO COULD
Economic & Politics
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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).
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