Economic Press Monitor September 24 - 30, 2023	Days:  02 09 16 23 30

economic & politics

REZONANSI: “ECONOMICALLY PROFITABLE, BUT POLITICALLY LOSING – HOW REAL IS OPENING OF A NEW ROAD CONNECTING WITH RUSSIA”

September 25, 2023 - In Russia, talks have started about opening of the Roki Tunnel and the motorway passing through Tskhinvali and connecting Russia and Georgia, which was closed after the Russian-Georgian war of 2008.

If traffic by this road is restored, “the economic component is positive,” however, “from a political point of view, this is absolutely losing for us”, says Mamuka Areshidze, expert in Caucasus issues.




TABULA: “GEORGIA COULD NOT GET RIGHT TO TRADE ON RUSSIAN CURRENCY MARKET”

September 25, 2023 - By decision of the Russian side, credit organizations and brokers of 32 “friendly and neutral countries” will have right to trade on the Russian currency market. Georgia is not included in this list.




BANKEBI DA FINANSEBI: “CHIEF ECONOMIST OF “TBC GROUP”: LARI WITHSTOOD PRESSURE”

September 25, 2023 - The process, which is underway in National Bank of Georgia (causing already resignation of all three vice presidents), “affects lari to a certain extent too”, but “there are no large-scale fluctuations”, says Otar Nadaraia, chief economist at TBC Group. In one day, lari has depreciated by almost 1%.

companies

TABULA: “THERE ARE CHANGES IN “PASHA BANK GEORGIA””

September 25, 2023 - Nikoloz Shurgaia, chairman of board at Pasha Bank Georgia, resigned on September 20. The bank said that the new chairman will be named right after approval.