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Economic Press Monitor


May 16, 2018

IN THIS ISSUE:

1. WB: HOW POOR GEORGIAN POPULATION IS
2. EFFICIENCY OF ANTIMONOPOLY POLICY IN GEORGIA AND IN THE WORLD
3. APARTMENTS WILL DROP IN PRICE, REALIZATION WILL CLEARLY DECREASE!
4. IN NO COUNTRY, COMMERCIAL BANKS, OPERATING BY MONEY OF DEPOSITORS, HAD PROVIDED BLOSSOMING OF ECONOMY

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1. WB: HOW POOR GEORGIAN POPULATION IS
Macroeconomics & Budget

In Georgia, 1 person out of each 5 is poor, the magazine reports with reference to data of the World Bank (WB). At the same time, “about 47-54% of population is in group, which can join poor strata”, the WB specifies.

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2. EFFICIENCY OF ANTIMONOPOLY POLICY IN GEORGIA AND IN THE WORLD
Economic & Politics

According to the World Bank, Georgia’s antimonopoly policy is one of the most inefficient in the region and competition in the country is still weak.

Rating of the World Economic Forum estimates efficiency of the country’s antimonopoly policy with 3.2 points from 7 possible.

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3. APARTMENTS WILL DROP IN PRICE, REALIZATION WILL CLEARLY DECREASE!
Construction

Irakli Rostomashvili, chairman of Developers Association, declares that new banking regulation, which restricts issuance of credits without confirmation of income, will negatively affect the real estate market. Both apartments’ prices and their realization will decrease, he forecasts.

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4. IN NO COUNTRY, COMMERCIAL BANKS, OPERATING BY MONEY OF DEPOSITORS, HAD PROVIDED BLOSSOMING OF ECONOMY
Finances & Banking

According to Murtaz Kikoria, vice-president of the National Bank of Georgia (NBG): “In no country, commercial banks, operating by money of depositors, had provided blossoming of economy, and development of the country did depend on them”. As the newspaper reports, Kikoria declared this at the meeting of business council of Young Financiers and Businessmen Association.

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Exchange Rates (NBG)
  08/17/18 + / -
  USD   2.5779   0.0006
  EUR   2.9344   0.0045
  RUR   3.8267   0.0232
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