Economic Press Monitor
August 14, 2019
IN THIS ISSUE:
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| 1. |
CHALLENGES AND PROSPECTS IN ENERGY SPHERE – REVIEW OF THE SECTOR FROM “TBC”
Energy, Oil & Gas
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TBC Capital names two main reasons for growth of electricity consumption in Georgia – cryptocurrency mining and growing tourism sector. According to research of TBC Capital, in 2018, large companies of cryptocurrency accounted for 7% of total electricity consumption.
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MINISTER: “R2” HAS ARREARS OF 28M, “IMEDI” – 19M, WHILE “MAESTRO” – OVER 8M
Companies
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Georgia’s Finance Minister Ivane Machavariani declared that tax arrears of Rustavi-2 TV company amount to 28 million lari, Imedi – 19 million lari, Maestro – over 8 million lari (the latter two companies are members of the same group). This debt was collected during past few years, he noted.
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ECONOMY MINISTER: IN CONNECTION WITH ENTRY OF “RYANAIR”, YOU WILL HEAR GOOD NEWS IN THE NEXT FEW DAYS
Transport & Communications
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Georgia’s Minister of Economy and Sustainable Development Natia Turnava said that negotiations in connection with entry of Irish low-coster Ryanair in Georgian market are at the final stage, Tabula reports. “In the next few days, you will hear very good news from us”, the Minister declared.
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