Economic Press Monitor
June 16, 2017
IN THIS ISSUE:
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| 1. |
WORLD BANK: WE DID NOT APPLY TO THE GOVERNMENT WITH REQUEST TO CANCEL ARTICLE 94
Economic & Politics
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The World Bank (WB) states that they “did not apply to the government of Georgia with recommendation to cancel or change record of Article 94 of the Constitution”. “We think that the model of pension reform, worked out by the state, is fully compatible with Article 94 of the Constitution, i.e. with “Freedom Act”“, WB told in writing to Tabula.
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| 2. |
CONSTRUCTION OF “NAMAKHVANHES” TO START IN MAY OF NEXT YEAR
Energy, Oil & Gas
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Norwegian Clean Energy Group, investor of the project of series of NamakhvanHES, plans to finish negotiations with international financial institutions until end of October, the magazine reports. As director of JSC Namakhvani Giorgi Chachibaia explains, the investor company “will not be able to finance the project fully, therefore negotiations on attraction of the credit are conducted with large financial institutions”.
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IN 7 MONTHS, KARTLI WIND STATION GENERATED BY 3M KWH MORE ENERGY THAN WAS FORECASTED
Energy, Oil & Gas
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Auditor company BDO completed assessment of Kartli wind station and in near future, this power plant will be put on electronic auction, the magazine reports. Georgian Energy Development Fund counts that announcement of auction on the station will happen until end of the month.
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| 4. |
THE PARLIAMENT SUPPORTED ANNOUNCEMENT OF MORATORIUM ON LAND SALE TO ALIENS
Economic & Politics
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On June 15, the Parliament adopted in first hearing (with 95 votes pro and 7 contra) announcement of moratorium on sale of agricultural land to foreign citizens. The draft bill was not supported by European Georgia and National Movement.
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