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Economic Press Monitor


October 16, 2020

IN THIS ISSUE:

1. ENERGY POLICY TOWARD ABKHAZIA STILL DOES NOT CHANGE
2. IN WHICH CITIES TEACHING WILL CONTINUE REMOTELY – THE EDUCATION MINISTRY
3. KALADZE: BUS WILL NOT START MOVING, IF PASSENGERS HAVE NO MASKS
4. HOW MANY MILLION IN INCOME HAD “SHERATON BATUMI” BEFORE THE PANDEMIC

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1. ENERGY POLICY TOWARD ABKHAZIA STILL DOES NOT CHANGE
Energy, Oil & Gas

On February 15, 2021, the 4-month rehabilitation of Georgia’s largest hydroelectric station EngurHES will begin, being financed by EBRD with 48 million EUR. Supply of electric power to Abkhazia will be provided by Russia and Georgia, the newspaper says.

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2. IN WHICH CITIES TEACHING WILL CONTINUE REMOTELY – THE EDUCATION MINISTRY
Economic & Politics

Georgian Ministry of Education, Science, Culture and Sport declared that higher education institutions in Tbilisi, Kutaisi, Zugdidi and Poti will be able to hold practical and laboratory teaching in offline mode since October 19. At that, the institutions are authorized to conduct other components of teaching remotely.

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3. KALADZE: BUS WILL NOT START MOVING, IF PASSENGERS HAVE NO MASKS
Economic & Politics

Tbilisi Mayor Kakha Kaladze said that wearing masks will be controlled in buses. Namely, bus will not start moving, if passengers have no masks, he pointed.

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4. HOW MANY MILLION IN INCOME HAD “SHERATON BATUMI” BEFORE THE PANDEMIC
Companies

In 2019, income of 5-star hotel Sheraton Batumi (opened in 2010 by Turkish Nurol Insaat Ve Ticaret) increased by 2.1 million lari and reached 24.1 million lari, the magazine reports. Net profit of the hotel amounted last year to 2.2 million lari.

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Exchange Rates (NBG)
  10/26/20 + / -
  USD   3.2285   0.0083
  EUR   3.8158   0.0021
  RUR   4.2209   0.0035
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