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Economic Press Monitor


April 19, 2019

IN THIS ISSUE:

1. NEW DIRECTOR OF “GEORGIAN AIRWAYS” – THE GEORGIAN-AMERICAN EXPERIENCE OF ROMAN BOKERIA
2. REFORM OF ACCOUNTING AND AUDIT: FIRST EVALUATION
3. INVESTMENTS IN GEORGIA ARE AT THE LEVEL OF 2009
4. FADY ASLY WON LITIGATION WITH THE JUDGE, WHOM HE CALLED CORRUPTED

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1. NEW DIRECTOR OF “GEORGIAN AIRWAYS” – THE GEORGIAN-AMERICAN EXPERIENCE OF ROMAN BOKERIA
Companies

The magazine reports about appointment of new director general at Georgian air carrier Georgian Airways. Roman Bokeria, who was executive director of the US Miami Red Square Realty for years, is connected also with many projects of Trump International, the article reports.

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2. REFORM OF ACCOUNTING AND AUDIT: FIRST EVALUATION
Economic & Politics

The magazine reviews the situation with companies’ obligation to publish financial statements. As the article indicates, it is difficult to name exact number of companies, which are subjected to this obligatory reporting.

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3. INVESTMENTS IN GEORGIA ARE AT THE LEVEL OF 2009
Macroeconomics & Budget

Foreign direct investments (FDI), made in Georgia in 2018, totaled to $1.2 billion, being at the lowest point for the last 5 years, the magazine says.

The article reports that Sakstat has adjusted data of investments for last years and it turned out that the largest volume, $1.9 billion, was made in 2017.

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4. FADY ASLY WON LITIGATION WITH THE JUDGE, WHOM HE CALLED CORRUPTED
Conflict and Court

Georgian Supreme Court did not satisfy claim of judge Vladimir Kakabadze against Fady Asly, chairman of Georgian national committee of International Chamber of Commerce (ICC), Tabula reports. The judge submitted a claim in 2017, after Asly named him corrupted.

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  EUR   2.8684   0.0101
  RUR   2.9172   0.0674
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