Economic Press Monitor
August 16, 2019
IN THIS ISSUE:
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| 1. |
KVESHETI-KOBI ROAD WILL BE BUILT BY CHINESE COMPANY, WHICH ACTIVITY THE WB HAS LIMITED
Transport & Communications
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Contract on construction of Kvesheti-Kobi road of 13 km is signed with Chinese China Railway 23rd Bureau Group Co. As the magazine reports, the World Bank (WB) has limited last year activity of China’s CRCC and its subsidiary China Railway 23rd Bureau Group Co for 9 months.
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| 2. |
RUSSIA, IRAN, ISRAEL – FROM WHICH COUNTRIES REAL ESTATE IN TBILISI IS PURCHASED
Construction
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Referring to research of TBC Capital, the magazine reports that foreigners’ interest in acquisition of the real estate in Tbilisi had increased from 2015 to 2018. In particular, if foreigners accounted for 3% in total realized real estate in 2015, their share in 2018 made up already 13%.
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| 3. |
“KULA”, “MARNEULI”, “SUPREMO” – PRODUCTS, IN WHICH “MOMXMAREBELI.GE” REVEALED NONFOOD COLORING AGENT
Agriculture & Food
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Georgian Center of Strategic Research and Development conducts monitoring of production, represented on Georgian market. As a result of monitoring of 42 samples of tkemali (plum sauce), tomato sauce, adjika and red pepper, nonfood coloring agent was revealed in 6 ones, Tabula reports.
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| 4. |
FOR NATIONAL BANK, NEW HEAD OFFICE WORTH 50M LARI WILL BE BUILT
Construction
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In near future, construction of new head office of National Bank of Georgia (NBG) is planned, Tabula reports. As the article notes, cost of the project of class A office makes up 50 million lari.
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