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Economic Press Monitor


April 6, 2020

IN THIS ISSUE:

1. TSUTSKIRIDZE – MANY THINGS WILL BE REVALUED AFTER CRISIS, FIRST OF ALL, OMNIPOTENCE OF FREE MARKET
2. “TBC” FROM HOME – HOW THE LARGEST GEORGIAN BUSINESS ADAPTED TO THE CREATED SITUATION?
3. PROCESS OF LIQUIDATION OF SO-CALLED MATROSOV PRISON IS BEGUN, ALL PRISONERS WERE TRANSFERRED TO RUSTAVI PRISON
4. IN POTI AGROMARKET, MONEY IS IRONED

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1. TSUTSKIRIDZE – MANY THINGS WILL BE REVALUED AFTER CRISIS, FIRST OF ALL, OMNIPOTENCE OF FREE MARKET
Economic & Politics

Economic expert Giorgi Tsutskiridze considers that “many things will be revalued in the post-crisis period, first of all, omnipotence of the free market”. He posted his thoughts on social network.

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2. “TBC” FROM HOME – HOW THE LARGEST GEORGIAN BUSINESS ADAPTED TO THE CREATED SITUATION?
Companies

Vakhtang Butskhrikidze, director general of TBC Bank, declares that because of COVID-19 pandemic, “we had to overcome three challenges”.

“First of all, safety of our employees had to be ensured.

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3. PROCESS OF LIQUIDATION OF SO-CALLED MATROSOV PRISON IS BEGUN, ALL PRISONERS WERE TRANSFERRED TO RUSTAVI PRISON
Economic & Politics

Georgian special penitentiary service declared about start of process of liquidation of so-called “Matrosov Prison” (establishment #9), located in Tbilisi, Tabula reports.

The Justice Minister issued respective order on March 27.

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4. IN POTI AGROMARKET, MONEY IS IRONED
Ecology & Health

Because of COVID-19 pandemic, all large agromarkets have been closed in Georgia, Netgazeti.Ge reports.

On this background, administration of the Poti market assures that they observe social distancing.

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Exchange Rates (NBG)
  04/26/24 + / -
  USD   2.6760   0.0099
  EUR   2.8713   0.0091
  RUR   2.9096   0.0049
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