Economic Press Monitor
February 27, 2020
IN THIS ISSUE:
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| 1. |
NATIONAL BANK TAKES PROMISE BACK?
Finances & Banking
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While commenting on situation with retail crediting, Georgian Banking Association’s president Alexander Dzneladze declares that “Issue of regulations is at the stage of negotiations” with National Bank of Georgia (NBG). “We have no final answers yet on certain questions”, he notes.
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| 2. |
MACHAVARIANI – ACCORDING TO OUR AND NATIONAL BANK’ ANALYSIS, LARI APPROACHED THE BALANCE MARK
Macroeconomics & Budget
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Georgia’s Finance Minister Ivane Machavariani declares that “According to our and National Bank’s analysis, lari approached today a balance mark”. “This is reality of today, nobody has to forecast [situation] in a month or three months, and no such forecasts are made”, he stresses.
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MACHAVARIANI – PRIVATIZATION OF RAILWAY IS POSSIBLE AND THE GOVERNMENT HAS TO THINK IN THIS DIRECTION
Transport & Communications
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Georgia’s Finance Minister Ivane Machavariani declares that privatization of Georgian Railway “is not only possible, but also we have to think in this direction”. “There are best examples of the EU, when the soil and core infrastructure remain in hands of the state, while transportations, including “trading”, are commercialized”, the Minister explains.
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