Economic Press Monitor
January 9, 2025
IN THIS ISSUE:
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| 1. |
WILSON AND 42 POLITICIANS APPEAL TO DEMOCRATIC GOVERNMENTS REGARDING GEORGIA
Economic & Politics
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In their appeal to all free and democratic governments, chairman of the US Helsinki Commission Joe Wilson and 42 world politicians call “to demand free and fair elections in Georgia and reject the illegitimate Ivanishvili regime”. The authors of the appeal stress need of “a unified policy that no senior meetings should take place between free and democratic governments and this illegitimate regime until it agrees to new, properly monitored and conducted elections”.
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| 2. |
NATIA TURNAVA – AGAINST THE BACKGROUND OF EXPECTED ECONOMIC GROWTH, INTERNATIONAL CURRENCY RESERVES CONTINUE THE UPWARD TRAJECTORY
Macroeconomics & Budget
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As of end of 2024, we have a “solid increase in currency reserves”, stated Natia Turnava, acting president of the National Bank of Georgia (NBG). According to NBG, international currency reserves have increased by $324 million and, as of December, amounted to $4.45 billion.
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| 3. |
FLOUR HAS RISEN IN PRICE AND ALREADY CROSSED THE THRESHOLD, BEYOND WHICH BREAD PRICE FACES DANGER
Agriculture & Food
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In Georgia, flour price in recent days has increased by 2-3 lari, which could lead to the rise in bread price, the article says. According to Malkhaz Dolidze, chairman of Georgian Bread Producers Union, margin price of a sack of flour is 52 lari, while today the price makes up already 53-54 lari.
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| 4. |
FOR WHAT AJARA TOURISM DEPARTMENT WILL SPEND 7M LARI WITHOUT A TENDER
Macroeconomics & Budget
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In 2025, Ajara Department of Tourism and Resorts will procure various services worth 7.63 million lari through simplified procurement, i.e. without a tender. In particular, 3.5 million lari are provided for the promotion of the region in international markets and/or target countries through various promotional activities.
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| 5. |
ANALYSTS EXPLAIN HOW TO READ RECENT CONSPIRACY THEORIES OF “DREAM”
Economic & Politics
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The article brings comments by analysts Gia Nodia and Shota Kakabadze on the anti-Western rhetoric of the Georgian Dream. “In terms of confrontation with the West, the Georgian Dream has reached such depths that it has not left the way back”, Kakabadze says.
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| 6. |
TRUMP WILL PUT PRESSURE ON IRAN AND ON REGIME OF HIS ALLY IVANISHVILI – JOE WILSON
Economic & Politics
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The regime of Bidzina Ivanishvili (billionaire founder and honorary chairman of the Georgian Dream) “poses a great threat to the US and freedom around the world”, said US Congressman Joe Wilson. “Ivanishvili is preparing for a dictatorship, he is a puppet of war criminal Putin, the Chinese Communist Party and the Tehran regime”, Wilson declared at a panel discussion on Georgia, held at the Hudson Institute.
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| 7. |
PUTIN’S CONFIDANT OPENED RESTAURANT IN TBILISI – THE BUILDING BELONGS TO UTA IVANISHVILI
Companies
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The company of Russian businessman Arkady Novikov, who was a confidant of Vladimir Putin in Russia’s presidential elections in 2012 and 2018, opens a restaurant in Tbilisi. The company reported that the object of the Syrovarnya restaurant chain will be opened in Tbilisi soon, but did not specify the date.
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| 8. |
SLIGHT DEPRECIATION OF LARI IS NOT DANGEROUS, NO SHARP FLUCTUATIONS ARE EXPECTED ALSO
Macroeconomics & Budget
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In recent days, lari is depreciating – if the exchange rate on December 31, 2024 made up 2.8 GEL/USD, then by January 9 it became 2.84 GEL/USD. “The fact that lari has changed by 3-4 points does not pose a danger”, financier Mikhail Tokmazishvili assures.
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