Economic Press Monitor
December 3, 2021
IN THIS ISSUE:
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| 1. |
EU ON JUDGES: EU ASSISTANCE TO GEORGIA DEPENDS ON THE PROGRESS OF REFORMS
Economic & Politics
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In connection with appointment of 4 termless judges of Supreme Court in Georgia on December 1, the EU released a statement, which indicates that this action contradicts recommendations of the OSCE/ODIHR and the Venice Commission. The EU once again urges the Georgian authorities to promote the reform of the judicial system.
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| 2. |
HOW TO RESTRAIN RECORD INFLATION OF THE DECADE
Macroeconomics & Budget
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In Georgia, annual inflation has reached the highest level in the last 10 years – 12.8%, the article says. The article indicates that the pandemic has intensified inflationary processes around the world, but price growth in Georgia is high even against this background.
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| 3. |
RATING OF PHARMACY CHAINS, OPERATING IN GEORGIA
Companies
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There are 3 leading players on Georgian pharmacy market – PSP, Aversi and GPS/Pharmadepot. There are also relatively small players on the market, but their sales do not exceed 100 million lari, the article says.
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| 4. |
“INTRRO” ATTRACTED INVESTMENT OF $2.2M
Companies
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Finalist of the acceleration program 500 Georgia, international technology company Intrro has attracted $2.2 million from German and American investors, the magazine reports. Among the investors are Signals Venture Capital, DataFrame Ventures and Tribe Capital.
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