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Economic Press Monitor


December 6, 2018

IN THIS ISSUE:

1. 10 COUNTRIES, WHICH CITIZENS SPEND MOST UPON VISIT TO GEORGIA
2. STATE DEPARTMENT – WE ARE CONCERN BECAUSE OF VIOLATIONS, RECORDED DURING ELECTIONS
3. WHY CURRENT BUDGET OF THE INFRASTRUCTURE MINISTRY DECREASES BY 269M LARI
4. ADVERTISING OF GAMBLING WILL BE FORBIDDEN ALMOST EVERYWHERE

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1. 10 COUNTRIES, WHICH CITIZENS SPEND MOST UPON VISIT TO GEORGIA
Tourism

Major part of international travelers arrives to Georgia from neighboring countries, however most of all money is spent by tourists from the UAE, Israel and Germany, the magazine reports.

In the 3rd quarter, international visitors in Georgia spent 3.1 billion lari, so that average spending per visit made up 1,179 lari.

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2. STATE DEPARTMENT – WE ARE CONCERN BECAUSE OF VIOLATIONS, RECORDED DURING ELECTIONS
Economic & Politics

The US Department of State welcomes holding of presidential elections in Georgia without obstacles, but expresses concern in connection with numerous violations, which were recorded during elections, Netgazeti.Ge reports.

As the article notes, the State Department official representative declared this at the briefing, held in connection with a meeting of North Atlantic Council.

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3. WHY CURRENT BUDGET OF THE INFRASTRUCTURE MINISTRY DECREASES BY 269M LARI
Macroeconomics & Budget

This year’s budget of Georgian Ministry of Regional Development and Infrastructure is decreased by 269 million lari to 1.55 billion lari, the newspaper reports.

As the article specifies, the decrease is connected with delay of implementation of large infrastructure projects, including construction of Rikoti section of East-West highway and Kvesheti-Kobi section of North-South highway.

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4. ADVERTISING OF GAMBLING WILL BE FORBIDDEN ALMOST EVERYWHERE
Economic & Politics

According to the draft amendments to law “On Advertising”, placement of outdoor advertising of gambling is forbidden within 200 m from childcare, educational and medical institutions, culture and sport organizations. As the newspaper notes, initial version envisaged prohibition within 100 m.

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Exchange Rates (NBG)
  04/25/24 + / -
  USD   2.6859   0.0051
  EUR   2.8804   0.0048
  RUR   2.9145   0.0063
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