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Economic Press Monitor

September 25 - October 1, 2022

Previous Issues:  Days: < 03 10 17 24 01

 

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economic & politics

    NETGAZETI.GE: “KEZERASHVILI CANNOT BE AN OLIGARCH, HE HELPS THE OPPOSITION – INTERVIEW WITH KHABEISHVILI”

    September 28, 2022 - Nika Melia, chairman of the oppositional United National Movement (UNM), called David Kezerashvili (defense minister in the government of UNM and founder of the TV company Formula) an “oligarch-like person”.

    In this connection, Netgazeti.Ge applied for commentary to Levan Khabeishvili, MP and one of the leaders of the UNM.


    NETGAZETI.GE: “INTERIOR MINISTRY: IN THE PAST 10 DAYS, 78,742 RUSSIAN CITIZENS ARRIVED IN GEORGIA”

    September 28, 2022 - Referring to Georgian Interior Ministry, Netgazeti.Ge reports that during September 17-26, 78,742 Russian citizens arrived in Georgia and 62,120 left the country.

    The Interior Ministry indicated also recent increase in number of those citizens, who were not allowed to enter the territory of Georgia for reasons stipulated by law.


    BANKEBI DA FINANSEBI: “FINANCE MINISTER – CUSTOMS AND BORDER CONTROL IS IMPLEMENTED IN ACCORDANCE WITH ESTABLISHED PROCEDURE – THERE IS ABSOLUTELY NO DRAMATIC SITUATION IN CONNECTION WITH BORDER CROSSING”

    September 27, 2022 - Georgia’s Finance Minister Lasha Khutsishvili declared that because of increased inflows of people, wishing to enter Georgia from Russia, the relevant state agencies are working with a greater load.

    “Flows have increased both in terms of cargo and in terms of the number of individuals entering”, the Minister told the journalists today.


    NETGAZETI.GE: “IT BECAME KNOWN HOW MANY PEOPLE CROSSED RUSSIA-GEORGIA BORDER AFTER MOBILIZATION”

    September 27, 2022 - Referring to Russian sources, Netgazeti.Ge reports that during the week over 37,000 cars and 115,000 people crossed in both directions the customs checkpoint “Zemo Larsi” (Upper Lars) on the Russian-Georgia border.

    The newspaper mentions photos, spread on social media, which show Russian armored vehicles at the checkpoint.


    BANKEBI DA FINANSEBI: “BUSINESS ASSOCIATION OF GEORGIA HELD MEETING WITH LEADERSHIP OF REVENUE SERVICE IN CONNECTION WITH CHANGES PLANNED IN RETAIL SECTOR”

    September 26, 2022 - Business Association of Georgia held a meeting with the leadership of the Georgian Revenue Service in connection with the changes, planned in the retail sector, the newspaper reports.

    Levan Tsitelashvili, deputy head of the Revenue Service, indicated that for certain types of non-food production, in particular, for hygienic and chemical products, it is planned to set the norm of loss at 0.5%.


    BANKEBI DA FINANSEBI: “UPON SALE OF GEORGIA-MADE WHEAT PRODUCTION, SPECIAL RULE OF USING AN ELECTRONIC TAX INVOICE WILL BE IN EFFECT”

    September 26, 2022 - Georgian Revenue Service reported that in order to promote agricultural production in Georgia, a special rule of using an electronic tax invoice will be in effect. The article specifies that the change will apply to Georgian wheat productions.


finances & banking

    FORBES GEORGIA: “IN TERMS OF EXPENSIVE BANK LOANS, GEORGIA RANKS 32ND IN THE WORLD”

    September 27, 2022 - The World Bank (WB) reported that at the end of 2021, the average interest rate on Georgian banks’ loans made up 12.5%. According to this indicator, Georgia ranked 32nd among 131 countries, the magazine says.


    FORBES GEORGIA: “WITH SUPPORT OF “SAKARTVELOS BANKI”, UK-GEORGIA FINTECH FORUM WAS HELD FOR THE FIRST TIME”

    September 26, 2022 - The UK-Georgia Fintech Forum was held in Georgia for the first time. The event, supported by Sakartvelos Banki (Bank of Georgia), was organized by the UK Department for International Trade in partnership with DataFest Tbilisi and Grant Thornton, the magazine reports.


agriculture & food

    REZONANSI: “IN ABOUT 2 WEEKS, SUNFLOWER OIL WILL DECREASE IN PRICE FURTHER”

    September 28, 2022 - From October, the floating customs duty for export of sunflower oil, which Russia imposed in September 1, 2021, will become zero. As a result, importers expect the reduction of price of sunflower oil supplied from Russia.


    REZONANSI: “CORN AND CHEESE WILL RISE IN PRICE EVEN MORE! – THE SITUATION WILL NOT CHANGE UNTIL SPRING AT LEAST”

    September 27, 2022 - A few months ago, it was possible to buy corn flour for 3-4 lari (per 1 kg), while the price has increased now by 2-3 lari, the newspaper says. Farmers attribute this to a poor harvest caused by bad weather.


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Exchange Rates (NBG)
  09/28/22 + / -
  USD   2.8336   0.0049
  EUR   2.7086   0.0263
  RUR   4.8156   0.0519
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