Economic Press Monitor
January 14, 2021
IN THIS ISSUE:
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| 1. |
RUSSIA RAISES PRICE OF WHEAT – SHARE OF RUSSIAN WHEAT IN GEORGIA REACHES 90%
Agriculture & Food
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Russian Ministry of Agriculture decided to introduce new restrictions on wheat exports, which result in grains’ price growth, Tabula reports. The article points that currently, up to 90% of Georgia’s consumption is met at the account of wheat, imported from Russia.
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| 2. |
WHY SO-CALLED CRYPTO-MINING CANNOT BE STOPPED IN ABKHAZIA – EXPLANATION OF DE-FACTO MINISTER
Economic & Politics
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For years, due to cheapness and availability of electricity, mining of crypto-currency has been a profitable business in Abkhazia, the article notes. The article reports that crypto-currency mining was officially not banned for those who had a permission, but against the background of growing electricity cost and the current crisis, activity of legally operating enterprises was suspended until May 2021.
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| 3. |
SHARES OF “MAGTICOM” OWNERS CHANGE – GIA JOKHTABERIDZE INCREASES SHARE UP TO 75%
Companies
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Gia Jokhtaberidze, who owned until now 54% in Georgian telecom operator MagtiCom, increases his share up to 75%, the newspaper reports, referring to BPN news agency. The company got consent of Georgian National Communications Commission on December 31, 2020.
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| 4. |
BRITISH INVESTMENTS IN GEORGIAN IT COMPANY – “CENTIGEN SOFT” BECOMES THE LARGEST SHAREHOLDER OF “APOLLO 11”
Companies
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British consulting company Centigen Soft became shareholder of Georgian software company Apollo 11, the magazine reports. Corresponding agreement was signed in early December 2020.
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