Economic Press Monitor

IN THIS ISSUE:

Netgazeti.Ge has found out what property is owned abroad by members of the Georgian Parliament, who supported the draft law “On Transparency of Foreign Influence” (which caused mass protests and is called “Russian law” in Georgian society). The article reports about property of 7 MPs (in total, 76 MPs supported the draft law).

Members of the ruling Georgian Dream faction – Vladimir Chachibaia, David Sergeenko and Irakli Kovzanadze chairman of the Fiscal Committee), are leaving the Georgian Parliament. Mikheil Chkhenkeli, Georgian Minister of Education and Science, also left the post.

Irakli Lekvinadze, head of Georgian National Competition Agency, said that 10 essential food products with a significant share in the consumer basket were selected in February.

In relation to these products, an analysis of price markups was carried out, from prime cost of imports to the time of delivery to retail chains and then in relation to prices on the shelves in the retail sector, Lekvinadze stated, adding that as a result, quite high markups were identified.

“Construction of regulatory hydroelectric power plants really has not the pace today that I personally would like”, points author of the article (David Narmania, chairman of Georgian National Energy and Water Supply Regulating Commission). “However, the facilitating mechanisms, enacted by the Georgian government, give me grounds for optimism”, he adds.