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Economic Press Monitor


July 21, 2021

IN THIS ISSUE:

1. GOVERNMENT TO CONTINUE UNSUCCESSFUL STRATEGY OF STATE-OWNED ENTERPRISES PRIVATIZATION
2. ACCORDING TO “GEORGIAN RAILWAY”, THE RAILWAY HAS RECORD SHOWINGS IN FREIGHT TRANSPORTATION
3. “TERRACE GROUP” BUILDS RECREATION COMPLEX IN BAKURIANI WITH INVESTMENT OF 7M LARI

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1. GOVERNMENT TO CONTINUE UNSUCCESSFUL STRATEGY OF STATE-OWNED ENTERPRISES PRIVATIZATION
Economic & Politics

Georgia’s Finance Minister Lasha Khutsishvili declared that reform of state-owned enterprises’ privatization will continue in accordance with the strategy of the government. Corporatization of state-owned enterprises should be carried out, and “this should happen in accordance with the capital market reform, i.e. their shares must be traded on the stock exchange”, he pointed.

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2. ACCORDING TO “GEORGIAN RAILWAY”, THE RAILWAY HAS RECORD SHOWINGS IN FREIGHT TRANSPORTATION
Companies

Georgian Railway reported freight traffic of 6 million t for 6 months of this year, which volume has increased by 500,000 t, if compared with the same period of 2020.

The growth of 10% in freight traffic is a record figure for the last 11 years, indicated Georgian Railway.

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3. “TERRACE GROUP” BUILDS RECREATION COMPLEX IN BAKURIANI WITH INVESTMENT OF 7M LARI
Companies

Development company Terrace Group is building a recreation complex in alpine resort Bakuriani with investment of 7 million lari, the magazine reports.

The project, which should be accomplished by 2022, consists of apartments, a 5-star hotel and a recreational area of 4,800 square m.

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Exchange Rates (NBG)
  08/05/21 + / -
  USD   3.0927   0.0095
  EUR   3.6624   0.0156
  RUR   4.2282   0.0268
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