Economic Press Monitor
September 20, 2018
IN THIS ISSUE:
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1. |
MAIN PLAYERS OF CASPIAN AND BLACK SEA REGION GATHERED ON “ARGUS” CONFERENCE
Transport & Communications
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On September 12-13, Tbilisi hosted the 5th Caspian and Black Sea Transport Corridor conference of Argus. Over 150 delegates from 15 countries, representing oil industry, logistics and transport, ports and terminals and other spheres, discussed at the conference current situation and prospects of the transport corridor.
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2. |
MURTAZ KIKORIA LEAVES NATIONAL BANK
Finances & Banking
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Vice-president of National Bank of Georgia (NBG) Murtaz Kikoria leaves NBG Council on November 30 on the basis of own statement, the magazine reports. Kikoria became the Council member in December 2016.
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TARIFF COULD GROW FROM 12.5 TETRI TO 27.5 – SCANDALOUS CONCLUSION OF THE WORLD BANK
Energy, Oil & Gas
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The 17-page conclusion of the World Bank on large hydroelectric station projects – Nenskra, Namakhvani and Koromkheti, prepared at the beginning of this year, was classified in Georgia, the newspaper reports. In the conclusion, the World Bank says that as a result of construction of these hydroelectric stations, Georgia will receive electricity at higher price, than it was until that, so consumer tariff will considerably grow, the newspaper says.
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4. |
“GDI” TO APPEAL AGAINST PROHIBITION, ESTABLISHED ON WHEAT TRANSPORTATION, IN CONSTITUTIONAL COURT
Conflict and Court
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Non-governmental organization Georgian Democratic Initiative (GDI) will appeal in Constitutional Court against the Finance Minister’s order concerning wheat transportation, Tabula reports. The order of August 22 applies exclusive right of wheat export-import in Georgia only to railway and ports.
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