Economic Press Monitor
November 22, 2022
IN THIS ISSUE:
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| 1. |
EU: BEFORE ADOPTION OF DE-OLIGARCHIZATION LAW, REQUEST AND EXECUTE CONCLUSION OF THE VENICE COMMISSION
Economic & Politics
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The EU representation calls on Georgia to apply to the Venice Commission in connection with the draft law on de-oligarchization and get an appropriate conclusion from it. The Georgian Parliament has already adopted the bill in second hearing.
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| 2. |
“RENT HAS INCREASED IN PRICE BY 120%” – PRICES FOR SALE AND RENT OF REAL ESTATE ARE RISING AGAIN
Economic & Politics
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The latest data from TBC Capital and Colliers Georgia show that real estate prices in Tbilisi are growing again. In particular, TBC Capital reported that in October this year, compared with October 2021, price of apartments’ rent increased by 120% and made up $11.2 per 1 square m.
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| 3. |
SALE OF TOBACCO PRODUCTION WITHOUT STANDARDIZED PACKING MAY BE PROLONGED FOR TWO YEARS
Economic & Politics
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The sale of tobacco products in Georgia without standardized packing may be prolonged until December 31, 2024. Provision of the law “On Tobacco Control”, which allowed sale of tobacco products in standardized (i.e. non-branded) packing only, was supposed to enter in force on December 31 this year.
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