Economic Press Monitor

IN THIS ISSUE:

Referring to own calculations, statistician Soso Archvadze indicates that if swine flu is detected in one of every 20 families, damage to Georgia’s economy, direct or indirect, will amount to sum from 300 to 500 million lari. I assume that in 4-member family, one person gets sick on average, he explains.

As a result of regulation of financial sphere, enacted in Georgia in this January, use of online credits, along with other products, is complicated, the newspaper says.

However, the companies already found a way out and offer to consumers a service, bypassing regulation by means of leasing, the article says.

Tbilisi City Hall declares that, despite existence of valid construction permit, they will not allow construction of 30-meter hotel Budapest in Vake Park, Tabula reports. The permit was issued in 2013.

Natia Turnava, Georgia’s Deputy Minister of Economy and Sustainable Development, declared that regulation, related to gas supply to consumers, will be toughened, Netgazeti.Ge reports.

According to Turnava, revision of acting legal base is actively underway in direction of accurate definition and toughening of rights and obligations of all parties, participating in the process.