Economic Press Monitor
May 27, 2020
IN THIS ISSUE:
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| 1. |
IN 2019, SALARY OF NON-STAFF WORKERS OF PUBLIC DEPARTMENTS INCREASED BY 25M LARI
Macroeconomics & Budget
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Georgian State Audit Service reported that salaries of non-staff workers of public departments in the country totaled in 2019 to 242 million lari. If compared with 2018, the volume has increased by 25 million lari.
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| 2. |
CONTRACT WITH “GAZPROM” RENEWED, SHARE OF RUSSIAN GAS INCREASES, OF AZERBAIJANI ONE – DECREASES
Energy, Oil & Gas
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Georgian Oil and Gas Corporation renewed on May 21 the contract with Russian Gazprom, Tabula reports. “I cannot name figures because of trade secret, but I can say that natural gas tariff goes down by about 15%”, Georgia’s Minister of Economy and Sustainable Development Natia Turnava declared.
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POTI INSTEAD OF ANAKLIA?
Transport & Communications
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Implementation of the project of Anaklia port is not in agenda of current authorities of Georgia, author of the article declares. As a sea gate of the country, the government already declared port of Poti, he specifies.
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| 4. |
WHAT POTENTIAL GEORGIA HAS IN RESPECT OF ATTRACTION OF BUSINESSES – ASSESSMENT OF FOUNDER OF “PAYSTARS”
Economic & Politics
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Andrew Thornhill, founder of Paystars, estimates that “Georgia possesses huge opportunities in IT sphere, as well as from the point of view of transit”. “Georgia is located in wonderful geopolitical place”, there is “a lot of products, which transit is easily possible”, Thornhill specifies and adds: “Besides, this country is friendly to business”.
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