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Economic Press Monitor

March 26 - April 1, 2017

Previous Issues:  Days: < 04 11 18 25 01

 

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economic & politics

    REZONANSI: “DANGER OF WATER PRICE GROWTH”

    March 28, 2017 - Georgian National Energy and Water Supply Regulatory Commission (GNERC) declares that issue of water tariff growth is not in the current agenda. However, the newspaper points that this issue may appear in the agenda from December 2017.


macroeconomics & budget

    KVIRIS PALITRA: “EMBEZZLED MONEY AND AESTHETIC OPERATIONS, FINANCED AT THE EXPENSE OF THE BUDGET…”

    March 27, 2017 - State Audit Service released scandalous report on financial-economic activity of Dusheti municipality (Mtskheta-Mtianeti region) in 2014-2015, the newspaper points.

    Audit conclusion revealed that local administration has its favorite LLCs – Promsheni and Tekserivce, the newspaper says.


conflict and court

    TABULA: “SHEIKH NAHAYAN MAY SELL “TERABANK” DUE TO PROCRASTINATED COURT LITIGATION”

    March 28, 2017 - Referring to chairman of International Chamber of Commerce in Georgia (ICC Georgia) Fady Asly, Tabula reports that UAE Minister of Culture, Sport and Social Development Sheikh Nahayan may sell all assets in Georgia, including Terabank.

    The magazine specifies that the matter concerns dispute between Terabank and one of its clients that inflicted loss of $16 million on the bank.


    TABULA: “THE COURT: FADY ASLY’S STATEMENT THAT THE JUDGE IS ALLEGEDLY CORRUPTED IS CALUMNY”

    March 27, 2017 - Chairman of International Chamber of Commerce in Georgia (ICC Georgia) Fady Asly accused the judge, who imposed multimillion fines on international tobacco brands Philip Morris Georgia and British American Tobacco, of corruption.

    Tbilisi city court responded to Asly’s statement, declaring that it “is calumny, lacks concrete reasonable ground and aims discrediting of the judge”.


    TABULA: “ASLY: THE JUDGE, WHO IMPOSED FINE OF 92M ON “PHILIP MORRIS”, IS CORRUPTED”

    March 27, 2017 - Chairman of International Chamber of Commerce in Georgia (ICC Georgia) Fady Asly says that the judge, who imposed multimillion fines on international tobacco brands Philip Morris Georgia and British American Tobacco, is corrupted.

    Asly specifies that the matter concerns judge of Tbilisi city court Vladimer Kakabadze, whose ruling was “absolutely unbelievable”.


international cooperation

    REZONANSI: “IF VISA FREE REGIME WILL HAVE NO COMPLICATIONS, NEGOTIATIONS ON WORKING VISAS MAY START”

    March 28, 2017 - Korneli Kakachia, founder of Georgian Institute of Politics, says that if Georgia’s visa-free travel to EU, effective from today, “will proceed normally, it is possible that in several years, Georgia will start negotiation with member states concerning issuance of working visas to Georgian citizens in line with some quotas”.

    Regarding Tskhinvali region and Abkhazia, Kakachia points: “We should not have illusion that people, living on the occupied territories, will cross so-called borders due to visa liberalization”.


finances & banking

    EUGEORGIA.INFO: “ASSESSMENT OF DEPOSITS INSURANCE REFORM AND THE WORLD PRACTICE”

    March 27, 2017 - Georgian government will submit draft bill “On Deposits Insurance System” to the Parliament in this month. Adoption of the mentioned bill and development of deposits insurance system is part of Georgia-EU Association Agreement, the article points.


construction

    NETGAZETI.GE: “FOR WHOM OR FOR WHAT IS NEEDED CONSTRUCTION OF GOVERNMENTAL CAMPUS IN THE CAPITAL”

    March 28, 2017 - According to the official information, the governmental campus will be built near Business Hall in Ortachala (Tbilisi district), where “almost all ministries will be located, except few exceptions”.

    However, co-head of the working group on Tbilisi general plan of land usage Merab Bolkvadze says that 4-5 ministries are planned to relocate to this territory, which area makes up about 4 ha, while there will be no room for other ministries.


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