Economic Press Monitor

IN THIS ISSUE:

Akaki Zoidze, chairman of Georgian Parliament’s Committee on Healthcare Issues, leaves the Parliament and quits politics, Tabula reports.

As Zoidze notes, he feels responsibility, as “we could not convince a part of colleagues that, despite certain risks, transition to proportional electoral system already in 2020 would provide passage of politics to constructive course and maintenance of stability of the country”.

Healthcare expert Sergo Chikhladze considers that “incompetence and negligence, shown by the Healthcare Ministry for years, brought the system to total breakup”.

“Except that the Ministry already exhausted budgetary funds, indebtedness toward medical institutions for 6-7 months exceeds 300-400 million lari”, Chikhladze specifies.

By data in 9 months of this year, net profit of Georgian insurance sector totaled to 33.7 million lari, decreasing by 0.9% year-on-year, while premium, attracted in the sector, has increased, the newspaper reports.

The article considers reasons, which could cause reduction of net profit against the background of growth of attracted premium.

Holders of cards (Visa, MasterCard or American Express), issued by Sakartvelos Banki (Bank of Georgia), will be able to pay fare at Avlabar station of Tbilisi subway by means of face identification, Netgazeti.Ge reports. For that end, it is necessary to take “selfie” in a mobile banking application and to link photo to the desired card.