Economic Press Monitor January 12 - 18, 2025	Days:  14 21 28 11 18

economic & politics

FORBES GEORGIA: “LIST FOR SANCTIONING OF IVANISHVILI’S SURROUNDING SENT FROM CONGRESS TO RUBIO – “RADIO LIBERTY””

January 13, 2025 - The US Congress sent a letter to the future US Secretary of State Marco Rubio, which refers to current events in Georgia and at the same time presents a list of persons, who face sanctions, the magazine reports referring to Radio Liberty.

The list of 25 people includes family members (spouse, brother and cousin) of Bidzina Ivanishvili (billionaire founder and honorary chairman of the Georgian Dream), as well as leaders of the Georgian Dream, ministers and other officials.

energy, oil & gas

NETGAZETI.GE: “LIMIT OF RUSSIAN ELECTRICITY IN ABKHAZIA MAY EXPIRE BY FEBRUARY 18”

January 13, 2025 - The “humanitarian supply” of electricity from Russia to Abkhazia, taking into account restrictions, may be enough until February 18, says Timur Jinjolia, executive director of Chernomorenergo (state-owned energy company of the self-proclaimed Republic of Abkhazia).

On December 23, 2024, at the request of the de facto government of Abkhazia, Russia started “humanitarian supply” of electricity.

companies

BANKEBI DA FINANSEBI: “DAVID PERADZE – “GEORGIAN RAILWAY” FINISHED 2024 WITH PROFIT”

January 13, 2025 - Georgian Railway finished 2024 with profit, says director general of the state-owned company David Peradze. Revenue grew by about 8% and exceeded 686 million lari, operating profit grew by 22%, while EBITDA margin reached 31%, he specifies.

agriculture & food

BANKEBI DA FINANSEBI: “LEVAN SILAGAVA – CANCELLATION OF IMPORT TARIFF MEANS THAT FLOUR MILL SHOULD BE STOPPED AND WILL NOT BE ABLE TO BUY WHEAT DURING A SEASON, I.E. PROBLEM WILL ARISE IN 2 INDUSTRIES”

January 13, 2025 - Removal of flour import duty means that local mills will be forced to stop and will not be able to purchase wheat during the season, says Levan Silagava, executive director of Georgian Wheat and Flour Producers Association.

Bakers demand removal of the duty, but 2 industries (grain producers and flourmills) will face problems in this case, says Silagava and adds that a decision should be made that “takes into account the interests of all 3 industries”.