Economic Press Monitor
February 14, 2020
IN THIS ISSUE:
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| 1. |
THE EU-GEORGIA ASSOCIATION COMMITTEE FAILED TO AGREE THE JOINT STATEMENT
Economic & Politics
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At the meeting in Strasbourg, members of the EU-Georgia Parliamentary Association Committee failed to agree text of the joint statement, Tabula reports. As Tabula explains, the document, prepared by Georgia’s ruling Georgian Dream, appeared unacceptable for European Parliament members and Georgian opposition.
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| 2. |
“DREAM” HIRED FOR $300,000 ONE MORE LOBBYIST COMPANY IN THE US
Economic & Politics
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Georgia’s ruling Georgian Dream hired one more lobbyist company in the US, DCI Group, Tabula reports. Respective contract was signed on February 12.
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| 3. |
GEORGIA IS ALWAYS ON EBRD’S MIND
International Cooperation
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Catharina Hansen, EBRD regional director in the Caucasus (since 2019), points that current portfolio of the Bank in Georgia amounts to $3.6 billion. In the statement, published by the magazine, Hansen specifies that about a half of the portfolio includes infrastructure sector, being followed by financial sector (a bit over one-third) and corporate sector (with 20%).
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SOSO PKHAKADZE – REGULATIONS OF VARIOUS TYPE, WHICH IN SOME CASES ARE ENACTED WITH HIGH PACE, CREATE PROBLEM TO BUSINESS
Economic & Politics
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Soso Pkhakadze, president of Wissol Group and head of Georgian Business Association, points that draft amendments to the Labor Code, presented in 2019, caused “fair, thoroughly grounded and professional criticism” by the Association. We studied legislation of EU countries and came to conclusion that “part of amendments not only did not reflect the EU directives and provisions of international labor conventions, but also went far beyond their requirements”, Pkhakadze says in an interview to the newspaper.
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