Economic Press Monitor
August 7, 2020
IN THIS ISSUE:
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| 1. |
THE GOVERNMENT DIRECTLY SAID THAT IT WILL NOT ALLOW DEVALUATION OF LARI IN AUTUMN
Macroeconomics & Budget
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Georgia’s Minister of Economy and Sustainable Development Natia Turnava declared: “We succeed and there are no sharp fluctuations in connection with lari exchange rate any more”. “There is a chance that lari was stable in autumn”, the Minister said.
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OIL ROSE IN PRICE AT LEADING GLOBAL EXCHANGES – IN GEORGIA, GROWTH OF FUEL PRICE BY 10 TETRI IS EXPECTED
Energy, Oil & Gas
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On international markets, petrol started growth in price and such change in price, certainly, will be reflected on Georgian market too, the newspaper says. In particular, adjustment of prices is forecasted by Wissol Group president Soso Pkhakadze.
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STATEMENT OF JSC “RUSTAVI AZOT” IN CONNECTION WITH EXPLOSION IN BEIRUT
Companies
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JSC Rustavi Azot (Rustavi chemical plant) released a statement in connection with information that cause of explosion in Lebanese capital of Beirut was allegedly ammonium nitrate, exported from Georgia in 2013. Proceeding from the fact that Rustavi Azot operates the chemical plant just for last 3 years, we are deprived of opportunity to obtain detailed information on whether this ammonium nitrate was really produced in Rustavi, the statement points.
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