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Economic Press Monitor


March 25, 2020

IN THIS ISSUE:

1. “NOW IS RAINY DAY” – “EUROPEAN GEORGIA” LAUNCHES INITIATIVE OF RETURN OF PENSION SAVINGS
2. FOR INSURANCE OF PRICE GROWTH ON 9 FOOD PRODUCTS, IT IS PLANNED TO SPEND 10M LARI FROM THE STATE BUDGET
3. HALF A MILLION LARI SPENT FOR SPECIAL EQUIPMENT OF MEDICAL STAFF
4. 34M WILL BE SPENT FOR REHABILITATION OF YOUTH PALACE

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1. “NOW IS RAINY DAY” – “EUROPEAN GEORGIA” LAUNCHES INITIATIVE OF RETURN OF PENSION SAVINGS
Macroeconomics & Budget

In order to decrease damage from COVID-19 pandemic, European Georgia urges Georgian government to return pension savings to citizens, Tabula reports. The matter concerns the sums, accumulated within a year (from the moment of launch of pension reform in the country).

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2. FOR INSURANCE OF PRICE GROWTH ON 9 FOOD PRODUCTS, IT IS PLANNED TO SPEND 10M LARI FROM THE STATE BUDGET
Macroeconomics & Budget

For insurance of price growth on 9 food products in Georgia, the government plans to spend 10 million lari from the state budget, the newspaper reports. The mentioned sum, within the state program on maintenance of prices on food of prime necessity, will be allocated to the Ministry of Environmental Protection and Agriculture.

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3. HALF A MILLION LARI SPENT FOR SPECIAL EQUIPMENT OF MEDICAL STAFF
Macroeconomics & Budget

The newspaper publishes news of InterPressNews, according to which Georgian Ministry of IDPs from Occupied Territories, Labor, Healthcare and Social Protection reported spending of 456,820 lari for equipment of medical staff since start of coronavirus spread.

In particular, 116,000 lari were spent for various protection suits, including 4,000 overalls of personal biological protection.

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4. 34M WILL BE SPENT FOR REHABILITATION OF YOUTH PALACE
Macroeconomics & Budget

For rehabilitation of Youth Palace, located on Rustaveli Avenue in Tbilisi, 34 million lari are envisaged, Netgazeti.Ge reports. Works are calculated on 3 years.

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Exchange Rates (NBG)
  04/06/20 + / -
  USD   3.1740   0.0164
  EUR   3.4295   0.0161
  RUR   4.1547   0.0475
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