Economic Press Monitor
February 14, 2018
IN THIS ISSUE:
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| 1. |
OPTIMISM OF SMALL BUSINESS DECLINES, OF LARGE ONE – RAISES
Economic & Politics
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Index of business mood in the 1st quarter has increased by 3.2 points and made up 31.4, the magazine reports. The article explains that 60% of respondents expect improvement of own business activity within next 3 months.
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| 2. |
OFFICIALS, EXECUTING “RARE AND SCARCE” ACTIVITY, WILL RECEIVE SUPPLEMENT OF 30%
Macroeconomics & Budget
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The government will set salary supplement of 30% to those public employees, who execute “rare and scarce activity”, Tabula reports. According to the article, such activities include analytics, software development and administration, cyber security, tax audit, various avia and marine specialties.
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| 3. |
BILLION-DOLLAR OIL REFINERY WILL BE BUILT ON KULEVI TERRITORY IN KHOBI
Energy, Oil & Gas
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LLC Phasis Oil will built oil refinery on territory of Kulevi near Khobi (Samegrelo region), the newspaper reports. As the article specifies, cost of the project makes up $1 billion.
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| 4. |
IN 2017, REAL ESTATE WORTH 15B LARI WAS MORTGAGED IN BANKS
Finances & Banking
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Referring to National Bank of Georgia, the newspaper reports that in 2017, residential spaces worth 14.99 billion lari was mortgaged in banks for receiving of credits. The article specifies that biggest sum accounts for TBC Bank – 6.08 billion lari.
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| 5. |
THE COUNTRY, TURNED INTO BUSINESS OF “SAKARTVELOS BANKI”
Finances & Banking
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In respect of possession of non-core assets, Sakartvelos Banki (Bank of Georgia) is one of the distinguished banks, the newspaper states. True, the bank currently does not own non-core businesses and they are united in Georgia Capital holding (former BGEO Group), but it is well known how Sakartvelos Banks had entered in various businesses for years, the article points.
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