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Economic Press Monitor


November 20, 2020

IN THIS ISSUE:

1. THE GOVERNMENT CONSIDERS RESTRICTIONS IN TRANSPORT AND SHOPPING CENTERS – IMMUNOLOGIST KULUMBEGOV
2. RESTORATION OF REGULAR FLIGHTS IS POSTPONED UNTIL 2021 – PROHIBITION STILL DOES NOT CONCERN 14 DIRECTIONS
3. PROGRAM OF MORTGAGE LOANS’ SUBSIDIZING WILL NOT BE CONTINUED, THE BUDGET IS ALMOST EXHAUSTED
4. HOW DEMAND FOR TELECOM PRODUCTS CHANGED AND WHAT NOVELTIES ARE EXPECTED IN NEAR FUTURE

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1. THE GOVERNMENT CONSIDERS RESTRICTIONS IN TRANSPORT AND SHOPPING CENTERS – IMMUNOLOGIST KULUMBEGOV
Economic & Politics

Allergist-immunologist Bidzina Kulumbegov confirms that introduction from the next week of restrictions in operation of public transport and shopping facilities is under consideration. He took part in meetings with Georgian Prime Minister concerning epidemiological situation in the country.

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2. RESTORATION OF REGULAR FLIGHTS IS POSTPONED UNTIL 2021 – PROHIBITION STILL DOES NOT CONCERN 14 DIRECTIONS
Transport & Communications

Georgian Civil Aviation Agency notified airlines that prohibition on regular flights to Georgia is prolonged until January 1, 2021. Like in November, restrictions do not concern 14 directions.

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3. PROGRAM OF MORTGAGE LOANS’ SUBSIDIZING WILL NOT BE CONTINUED, THE BUDGET IS ALMOST EXHAUSTED
Finances & Banking

Alexander Dzneladze, head of Georgian Banks Association, said that within the state program of mortgage loans’ subsidizing, “activity, according to plan, presented in advance, is higher, than it was expected”. However, resource is not exhausted, and the program will proceed until end of the year, he assured.

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4. HOW DEMAND FOR TELECOM PRODUCTS CHANGED AND WHAT NOVELTIES ARE EXPECTED IN NEAR FUTURE
Transport & Communications

Lasha Tabidze, director on business operations of VEON Georgia (mobile operator of Beeline brand), indicates that since the beginning of 2020, income was characterized by growth. However, because of impact of COVID-19, growth in the 1st quarter not only slowed down, but income decreased in comparison with indicator of 2019, he told the magazine.

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Exchange Rates (NBG)
  11/30/20 + / -
  USD   3.3253   0.0089
  EUR   3.9840   0.0295
  RUR   4.3704   0.0012
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