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Economic Press Monitor


March 14, 2019

IN THIS ISSUE:

1. COMPANY, FOUNDED BY GEORGIANS, ACQUIRES BANK IN GERMANY
2. GEORGIANS TO THE BONE WILL BE ABLE TO INHERIT LAND
3. WHAT IS SAID ABOUT CORRUPTION IN GEORGIA IN THE STATE DEPARTMENT’S REPORT
4. CYBER-ATTACK ON “TBC” – “TV PIRVELI” PUBLISHES LETTERS, SENT BY KHAZARADZE TO GAKHARIA

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1. COMPANY, FOUNDED BY GEORGIANS, ACQUIRES BANK IN GERMANY
Companies

Raisin, the company, founded by Georgians, plans to acquire German MHB Bank, the magazine reports. The article notes that details of the deal, which expects approval of the regulator, are unknown at this stage.

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2. GEORGIANS TO THE BONE WILL BE ABLE TO INHERIT LAND
Economic & Politics

Otar Danelia, chairman of Georgian Parliament’s Committee on Agrarian Issues, says that draft organic law “On Ownership of Land of Agricultural Purpose” secures that “ethnic, to the bone Georgians” would be able to inherit land. The matter concerns Georgians, who got foreign citizenship.

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3. WHAT IS SAID ABOUT CORRUPTION IN GEORGIA IN THE STATE DEPARTMENT’S REPORT
Economic & Politics

The US State Department’s annual report on human rights indicates that Georgia’s law-enforcement structures have an independence problem that promotes high-level corruption, reports Tabula.

Referring to Transparency International, the report points that cases of petty corruption are rare, however corruption still represents “a serious problem” in the country.

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4. CYBER-ATTACK ON “TBC” – “TV PIRVELI” PUBLISHES LETTERS, SENT BY KHAZARADZE TO GAKHARIA
Conflict and Court

TV Pirveli broadcasting company published 4 letters, author of 3 of which is founder of TBC Bank Mamuka Khazaradze (who resigned recently from post of supervisory council’s chairman at the bank), while the addressee is the Interior Minister Giorgi Gakharia, Netgazeti.Ge reports. The article notes that authenticity of these letters is not established yet.

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