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Economic Press Monitor


June 25, 2018

IN THIS ISSUE:

1. BAKHTADZE HAS THE SAME PROBLEM, AS ALL PREMIERS HAD
2. WHAT WILL “BLEACH” “BLACK LIST”?
3. CZECH MEDICAL COMPANIES COULD ENTER GEORGIA
4. “SAKARTVELOS BANKI” IS THE MAIN ACTOR IN CASE OF BANKRUPTCY OF “METALLINVEST”

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1. BAKHTADZE HAS THE SAME PROBLEM, AS ALL PREMIERS HAD
Economic & Politics

Expert Sandro Tvalchrelidze indicates that new Prime Minister Mamuka Bakhtadze has “the same problem, as all premiers of Georgian Dream had – he considers that government of the country is the same as management of the company”. However, “mechanisms are absolutely different”, the expert points.

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2. WHAT WILL “BLEACH” “BLACK LIST”?
Finances & Banking

Lasha Bagaturia, manager of credit bureau CreditInfo Georgia, explains that “there is no “black list” of debtors, there are “negative credit records”“. “630,000 people have at least one negative credit record”, he says.

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3. CZECH MEDICAL COMPANIES COULD ENTER GEORGIA
International Cooperation

Presentation of medical projects, offered by 5 Czech organizations, was held through cooperation of Czech embassy and Georgian Ministry of Labor, Healthcare and Social Protection, the newspaper reports.

In the presentation, such companies as MEDIN, ProSpon, ZPT, MZ Liberec and UJP Praha took part.

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4. “SAKARTVELOS BANKI” IS THE MAIN ACTOR IN CASE OF BANKRUPTCY OF “METALLINVEST”
Conflict and Court

Murtaz Ugulava, director and single owner of LLC Metallinvest (trade with construction materials), accuses Sakartvelos Banki (Bank of Georgia) of illegal actions. He demands from investigative authorities to assess legally actions of the bank and continues litigation with demand of compensation of the caused damage.

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Exchange Rates (NBG)
  05/01/24 + / -
  USD   2.6788   0.0061
  EUR   2.8583   0.0221
  RUR   2.8498   0.0249
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