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Economic Press Monitor


November 14, 2017

IN THIS ISSUE:

1. “S&P” EXPECTS GROWTH OF NATIONAL BANK’S RESERVES
2. THE GOVERNMENT DOES NOT NAME, WHAT SUM WILL BE SAVED BY OPTIMIZATION OF THE MINISTRIES
3. PERSONS CLOSE TO IVANISHVILI ARE ADVANCED – “EUROPEAN GEORGIA” ON GOVERNMENTAL CHANGES
4. CONSTRUCTION OF MULTIPURPOSE COMPLEX, CONNECTING “RADISSON” AND “TELEGRAPH”, IS PLANNED ON RUSTAVELI

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1. “S&P” EXPECTS GROWTH OF NATIONAL BANK’S RESERVES
Macroeconomics & Budget

Standard&Poor’s (S&P) expects that by 2020, reserves of National Bank of Georgia (NBG) will increase from $3 billion to $3.5 billion, the magazine reports.

As S&P notes, “Georgian banking sector maintained sustainability unlike banking sectors of the countries of the region”.

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2. THE GOVERNMENT DOES NOT NAME, WHAT SUM WILL BE SAVED BY OPTIMIZATION OF THE MINISTRIES
Economic & Politics

Tabula applied to press service of the Ministry of Finance, requesting information, if there are estimations concerning saving of budgetary resources after merge of the ministries.

The Ministry replied that one of positive results of the changes will be cut of the budget expenditure, however could not name exact indicator of reduction at this stage, Tabula reports.

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3. PERSONS CLOSE TO IVANISHVILI ARE ADVANCED – “EUROPEAN GEORGIA” ON GOVERNMENTAL CHANGES
Economic & Politics

Leaders of oppositional European Georgia Giga Bokeria and Giga Ugulava negatively estimate the planned changes in the Cabinet.

Bokeria specifies that during ruling of Georgian Dream, the bureaucracy has grew by 10%.

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4. CONSTRUCTION OF MULTIPURPOSE COMPLEX, CONNECTING “RADISSON” AND “TELEGRAPH”, IS PLANNED ON RUSTAVELI
Construction

Construction of multipurpose complex is planned nearby to Radisson hotel on the capital’s Rustaveli Avenue, the magazine reports.

As the article notes, the project has to connect Radisson and the hotel, which will be located in the Telegraph building.

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Exchange Rates (NBG)
  11/22/17 + / -
  USD   2.7137   0.0077
  EUR   3.1897   0.0131
  RUR   4.6071   0.0539
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