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Economic Press Monitor

December 16 - 22, 2018

Previous Issues:  Days: < 24 01 08 15 22

 

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economic & politics

    NETGAZETI.GE: “ENLARGEMENT RETURNED TO THE EU AGENDA, BUT DOES NOT CONCERN US YET – AMBASSADOR SABANADZE”

    December 18, 2018 - Georgia’s ambassador to the EU Nataly Sabanadze declared that “this year, theme of enlargement returned to the EU agenda” and concerns the Balkans.

    “For a definite period, this subject was frozen”, the ambassador noted, adding: “it gives us hope that the EU policy of enlargement will continue”.


    BANKEBI DA FINANSEBI: “BUSINESS AGAINST PENSION REFORM – SINCE NEW YEAR, SALARY COSTS OF PRIVATE COMPANIES WILL INCREASE BY 4%”

    December 17, 2018 - After enactment of accumulative pension scheme in 2019, citizens aged up to 40 years will have to transfer in Pension Fund 2% of their a salary, while 2% will be transferred by their employers.

    Representatives of business declare that they are not ready to taxes and dues, which increased by accumulative 4%, and ask for postponement of enactment of the respective law, the newspaper says.


macroeconomics & budget

    TABULA: ““WEG” RESEARCH: 40% OF POPULATION TAKE CREDITS FOR MUNICIPAL BILLS, 50% – FOR FOOD”

    December 17, 2018 - Referring to research, conducted by organization World Experience for Georgia (WEG), Tabula reports that 40% of population of Georgia pays their utility bills by borrowed money. 50% borrows for food.


energy, oil & gas

    REZONANSI: “IN A WEEK, GAS WILL RISE IN PRICE”

    December 18, 2018 - Georgian National Energy and Water Supply Regulating Commission has to consider issue of change of natural gas tariff on December 26. The Commission does not confirm possible increase of gas price, but does not exclude too, the article points.


companies

    BANKEBI DA FINANSEBI: “EXCLUSIVE RIGHT OF “BAVARIA” PRODUCTION IS PROLONGED FOR “ZEDAZENI” UNTIL 2026”

    December 18, 2018 - Dutch brand Bavaria and Georgian brewery Zedazeni agreed to extend cooperation for the next 10 years, the newspaper reports.

    Namely, agreement, signed at the beginning of December, extends to Zedazeni the right of exclusive production of Bavaria in the region for the period until 2026.


agriculture & food

    KVIRIS PALITRA: “WHETHER BREAD WILL FURTHER GROW IN PRICE”

    December 17, 2018 - For the last week, bread has increased in price by 10 tetri. Bread price was raised by small bakeries, while large bread-baking plants made this only after the presidential elections, the newspaper notes.


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  12/18/18 + / -
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