Economic Press Monitor
March 26, 2020
IN THIS ISSUE:
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| 1. |
CURRENCIES, DEPRECIATED THE MOST DURING THE RECENT PERIOD – LARI IS ON THE FIRST PLACE
Macroeconomics & Budget
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Against the background of economic shock, caused by coronavirus pandemic and drop of oil prices, Georgian national currency depreciates quite quickly, the magazine says. As the article notes, from March 11 to March 25, lari depreciated by 21.18% that is actually the most considerable depreciation among currencies with floating rate.
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| 2. |
KHUNDADZE – IF RECOMMENDATIONS ARE NOT FULFILLED, WE WILL BE FORCED TO APPLY MASS QUARANTINE
Economic & Politics
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Dmitry Khundadze, chairman of Georgian Parliament’s Healthcare Committee, indicates that “density of population is noticed in districts, apartment buildings, yards and also at the so-called rural exchanges [points of meeting]”. Avoid density in order to avoid spread of coronavirus infection, he urges citizens.
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CARL HARTZELL: GEORGIA IS THAT BEST PLACE, WHERE I COULD BE IN THIS HARD TIME
Economic & Politics
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Carl Hartzell, the EU ambassador in Georgia, indicates that crisis, arisen because of coronavirus pandemic, “concerns not only human health, but is also biggest challenge for economy”. “The EU is side by side with Georgia”, he declares.
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| 4. |
REASONS, WHY CORONAVIRUS-CAUSED CRISIS WILL BE MORE SHORT-TERM
Macroeconomics & Budget
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Giorgi Kadagidze, former president of National Bank of Georgia, considers that for Georgia, the crisis caused by coronavirus pandemic, will be more short-term, than it seems today. In this regard, he names 5 reasons.
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