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Economic Press Monitor


April 2, 2024

IN THIS ISSUE:

1. “GEORGIAN DREAM” APPEALS TO THE US TO LIFT SANCTIONS IMPOSED ON JUDGES
2. “AIRZENA” TICKETS TO TRAVEL FOR THE GAME COST MINIMUM 1,800-2,100 LARI
3. 30,000,000 SHARES OF “TBC ASSET MANAGEMENT” AND GEORGIA’S FIRST CREDIT FUND ARE FULLY PLACED AMONG INVESTORS
4. WITH SUPPORT OF “SAKARTVELOS BANKI”, LLC “NATAKHTARI VALLEY” IS BUILDING A BEER PLANT

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1. “GEORGIAN DREAM” APPEALS TO THE US TO LIFT SANCTIONS IMPOSED ON JUDGES
Economic & Politics

The parliamentary majority of the ruling Georgian Dream is going to appeal to the US embassy in Georgia with a request to lift the sanctions imposed on judges.

This was announced after the majority meeting by Mamuka Mdinaradze, executive secretary of the Georgian Dream.

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2. “AIRZENA” TICKETS TO TRAVEL FOR THE GAME COST MINIMUM 1,800-2,100 LARI
Companies

Within the group stage of the European Football Championship, the Georgian national team will meet with Turkey on June 18 in Dortmund, with the Czech Republic on June 22 in Hamburg and with Portugal on June 26 in Gelsenkirchen.

Georgian airline Georgian Airways (AirZena) appointed special direct flights from Tbilisi to Germany for those wishing to attend games of the European Championship.

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3. 30,000,000 SHARES OF “TBC ASSET MANAGEMENT” AND GEORGIA’S FIRST CREDIT FUND ARE FULLY PLACED AMONG INVESTORS
Companies

30 million shares of Diversified Loan Portfolio, Georgia’s first credit fund, were fully placed among investors.

The fund began its activities in 2022.

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4. WITH SUPPORT OF “SAKARTVELOS BANKI”, LLC “NATAKHTARI VALLEY” IS BUILDING A BEER PLANT
Companies

The newly created LLC Natakhtari Valley is building a brewery on an area of 3,000 square m in the village of Natakhtari (Mtskheta-Mtianeti region).

Investments amount to 4 million lari.

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Exchange Rates (NBG)
  04/12/24 + / -
  USD   2.6709   0.0011
  EUR   2.8453   0.0210
  RUR   2.8573   0.0035
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