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Economic Press Monitor


August 5, 2022

IN THIS ISSUE:

1. ACCORDING TO OKHANASHVILI, UKRAINIAN LAW ON DE-OLIGARCHIZATION WILL BE ADAPTED TO GEORGIAN REALITIES
2. DURING 4-5 YEARS, INCREASED FREIGHT TRAFFIC WILL NOT MOVE FROM THE GEORGIAN CORRIDOR ANYWHERE
3. “TBC LEASING” ATTRACTED FINANCIAL RESOURCE OF 3M EUR FROM EBRD

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1. ACCORDING TO OKHANASHVILI, UKRAINIAN LAW ON DE-OLIGARCHIZATION WILL BE ADAPTED TO GEORGIAN REALITIES
Economic & Politics

Anri Okhanashvili, chairman of Georgian Parliament’s Legal Issues Committee, declared that the Ukrainian law on de-oligarchization will be adapted to Georgian realities. Okhanashvili is heading the newly created working group on de-oligarchization.

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2. DURING 4-5 YEARS, INCREASED FREIGHT TRAFFIC WILL NOT MOVE FROM THE GEORGIAN CORRIDOR ANYWHERE
Transport & Communications

Cargo constantly moved through the Georgian corridor, but before the Russia-Ukraine war, there was no such demand, the newspaper points.

Paata Tsagareishvili, head of the Transport Corridor Research Center, considers that for at least 5 years, Georgia cannot lose the advantage gained now.

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3. “TBC LEASING” ATTRACTED FINANCIAL RESOURCE OF 3M EUR FROM EBRD
Companies

EBRD has allocated a guaranteed loan of up to 3 million EUR to TBC Leasing. The funds will be used for financing of micro, small and medium-sized enterprises of Georgia.

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Exchange Rates (NBG)
  08/12/22 + / -
  USD   2.7089   0.0073
  EUR   2.7880   0.0036
  RUR   4.4083   0.0426
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