Economic Press Monitor
May 31, 2023
IN THIS ISSUE:
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| 1. |
GREAT CHANGES IN ENERGY SECTOR – THE COUNTRY STARTS IMPLEMENTATION OF SIGNIFICANT PROJECTS
Energy, Oil & Gas
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Georgian authorities plan to announce an auction for construction of an energy-efficient thermal power plant of combined cycle with a capacity of 350-430 MW in Gardabani municipality (Kvemo Kartli region). Power engineer Gia Arabidze welcomes plans for construction of the new station.
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| 2. |
TORNIKE RIZHVADZE – WE EXPECT OVER 4M VISITORS IN AJARA THIS YEAR
Tourism
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In a few days, the seaside tourist season will be officially opened in Ajara. This year, we expect over 4 million visitors, and Batumi will be central to this issue, said chairman of Ajara government Tornike Rizhvadze.
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| 3. |
GOVERNMENT FILED TO SPEND OVER 20M LARI – BUDGET EXECUTION IN Q1
Macroeconomics & Budget
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In the 1st quarter, the Ajara government was supposed to receive revenue of 100 million lari, while actual implementation exceeded the plan by 19 million lari. At that, the plan for budget payments amounted to 77.94 million lari, while actual financing made up 57.58 million lari, i.e. the difference exceeds 20 million lari.
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