Economic Press Monitor
September 27, 2016
IN THIS ISSUE:
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| 1. |
YIELD ON DEPOSITS DECLINES, LARIZATION PLAN DOES NOT WORK
Finances & Banking
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Commercial banks are decreasing yield on deposits, the newspaper says. As the article points, ProCredit Bank reduced the rate from 9% to 7%, Liberty bank – from 14% to 11%, while Sakartvelos Banki plans to reduce yield on deposits from October.
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| 2. |
GEORGIA’S EXPORT WENT DOWN TO THE LEVEL OF 2011
Macroeconomics & Budget
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According to Sakstat, Georgia’s export for 8 months of the year has amounted to $1.3 billion, which is the lowest mark for the last 5 years, the magazine states. Reduction of export is fixed for cars (by 17%), drugs (by 23%), mineral waters (by 8%).
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| 3. |
TAX CUTS – THE INEVITABLE STEP TO DEVELOP A COUNTRY OR A POLITICAL TRICK TO ENTICE VOTERS?
Economic & Politics
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The main purpose of Georgian political parties is not to increase government revenue per se, but to stimulate economic growth, the newspaper states. Therefore, author of the article points, it is important to study relationship between tax burden and economic growth – in effect, estimate a modified version of the Laffer curve using Georgian data.
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0.0075
0.0311
