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Economic Press Monitor


January 14, 2020

IN THIS ISSUE:

1. OTAR NADARAIA – ECONOMY AND FOREIGN DIRECT INVESTMENTS WILL GROW IN 2020 BY ABOUT 5%
2. LOCAL BUSINESSMEN HAVE TO BE IN THE SAME CONDITIONS, AS FOREIGN INVESTORS – WITH RESPECT AND CORRECT BUREAUCRATIC DECISIONS
3. VASIL KHODELI IS APPOINTED AS DIRECTOR GENERAL OF “LIBERTY BANK”

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1. OTAR NADARAIA – ECONOMY AND FOREIGN DIRECT INVESTMENTS WILL GROW IN 2020 BY ABOUT 5%
Macroeconomics & Budget

Otar Nadaraia, chief economist of TBC Group, declared that “according to the final scenario, in comparison with 2019, we have planned growth by about 5%” in 2020.

“This forecast envisages assumption that such large megaprojects as Anaklia port and NenskraHES could be not implemented”, Nadaraia said.

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2. LOCAL BUSINESSMEN HAVE TO BE IN THE SAME CONDITIONS, AS FOREIGN INVESTORS – WITH RESPECT AND CORRECT BUREAUCRATIC DECISIONS
Economic & Politics

Temur Chkonia, founder of Coca-Cola Bottlers Georgia, indicates in his interview to the newspaper that “Upon conversation on investments, we’ve been forgetting one important issue – local investors”.

“Relations have to be established, local businessmen have to be maximally satisfied, we have to facilitate them that they appear exactly in the same conditions, as foreign investors – with respect and correct bureaucratic decisions”, declares Chkonia.

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3. VASIL KHODELI IS APPOINTED AS DIRECTOR GENERAL OF “LIBERTY BANK”
Companies

Since 2020, office of director general of Liberty Bank will be occupied by Vasil Khodeli, the newspaper reports.

The article notes that Khodeli works in Georgian banking system for 20 years.

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