Economic Press Monitor
August 14, 2018
IN THIS ISSUE:
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| 1. |
NBG MANDATE DOES NOT ENVISAGE COMMENTING ON THE RATE – NBG
Macroeconomics & Budget
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Netgazeti.Ge reports that National Bank of Georgia (NBG) declared that its mandate does not envisage commenting on lari exchange rate. Netgazeti.Ge asked NBG whether devaluation of lari is connected with purchase by NBG of $17.5 million at a currency auction at the beginning of August, but “didn’t receive the answer”.
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| 2. |
THE MOST EXPENSIVELY SOLD STATE PROPERTY – TOP 10
Macroeconomics & Budget
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In Georgia, most often on sale at electronic auctions are brought transport means and electrical devices, while the most expensive is real estate, the magazine says. Most frequently, the property is brought on sale by State Service Agency, which accounts for over 60% of lots, announced in the first half of the year.
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WHAT TO DO WITH INCREASED POVERTY?
Economic & Politics
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The magazine publishes opinion of Zurab Chiaberashvili, MP from European Georgia, concerning poverty problem and universal healthcare program. The article indicates that UNICEF survey showed that 5% of general population, 6.8% of children and 3.7% of pensioners live beyond poverty line ($1.25 a day) and their number grew from 2015 to 2017 by 2.9, 4.3 and 2 percentage points, respectively.
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