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Economic Press Monitor

January 19 - 25, 2020

Previous Issues:  Days: < 21 28 11 18 25

 

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economic & politics

    BANKEBI DA FINANSEBI: “INSURANCE SECTOR FACES UNSOLVED CHALLENGES – LAW ON OBLIGATORY INSURANCE “GOT STUCK” IN THE PARLIAMENT”

    January 20, 2020 - Devi Khechinashvili, chairman of board at Georgian Insurance Companies Association, says that fate of the law “On Car Owners’ Liability Insurance” is still unclear.

    The bill of obligatory liability insurance of car owners was submitted in the country’s Parliament at the end of 2018, but even its consideration is not started yet, the newspaper notes.


    BANKEBI DA FINANSEBI: “TAMAR ZHVANIA GOT 800,000 LARI IN 2013-2019, OF WHICH 300,000 WERE BONUSES AND SUPPLEMENTS”

    January 20, 2020 - Media project Detector of Wastes reported that chair of Georgian Central Election Commission Tamar Zhvania received 798,602 lari as compensation in 2013-2019. Out of this sum, 299,000 lari were bonuses and supplements.


macroeconomics & budget

    BANKEBI DA FINANSEBI: “DAVID SAGANELIDZE – PARTNERSHIP FUND SHOULD NOT BE FINANCED FROM THE BUDGET”

    January 21, 2020 - David Saganelidze, executive director of Georgian Partnership Fund, points that the Fund is financed by subsidiaries, but “in recent years, it was not financed in fact”.

    “These enterprises have own problems, own plan of rehabilitation, they invest received income in own development”, Saganelidze declares and adds: “Therefore, we should not be on their dividends”.


    KVIRIS PALITRA: “INVENTORY OF “SHADOW ECONOMY” IS TO START”

    January 20, 2020 - This year, Sakstat plans to conduct study of not observed economy in two sectors – education and real estate.

    Georgian statistics service considers that volume of not observed, i.e. shadow economy in these two sectors (activity of private tutors and apartments leasing) can be quite big, while total share of shadow economy can reach about 13%, the article specifies.


companies

    FORBES GEORGIA: ““RMG” HOLDING OF RUSSIAN BILLIONAIRES”

    January 20, 2020 - Referring to reporting of RMG Gold (precious metal mining), the magazine reports that income of the company in 2018 amounted to 209.95 million lari. If compared with 2017, the volume has increased by 5.1%.


ecology & health

    TABULA: “ZURAB CHIABERASHVILI: MEDICINES’ ACCESSIBILITY REMAINS A SERIOUS PROBLEM”

    January 21, 2020 - Zurab Chiaberashvili, MP from oppositional European Georgia and former healthcare minister in the government of United National Movement, says that access to medicines still remains a problem in the country.

    “Starting from August 2019, number of registered beneficiaries of the subsidized drugs program is decreasing, whereas purchase of drugs is one of serious problems in this country”, Chiaberashvili declared at the news briefing.


    BANKEBI DA FINANSEBI: “MEDICAL BUSINESS AT THE EXPENSE OF THE BUDGET – HOW PARTICULAR BUSINESS GROUPS GROW RICH AT THE EXPENSE OF UNIVERSAL HEALTHCARE PROGRAM”

    January 21, 2020 - In the current year, budget of the Georgian healthcare makes up 4.35 billion lari, while it is did not exceed 3.97 billion lari in the previous year, the article indicates. At that, the healthcare budget of 2019 exceeded Georgia’s total state budget of 2006 (3.8 billion lari).


agriculture & food

    BANKEBI DA FINANSEBI: “TAKING INTO ACCOUNT CURRENT SITUATION ON INTERNATIONAL MARKETS, FLOUR PRICE CAN RISE IN PRICE BY 1-2 LARI”

    January 21, 2020 - Levan Silagava, executive director of Georgian Association of Wheat and Flour Producers, indicates that now, two factors act mainly on international exchanges: Russia’s decision on quoting and the US-China agreement, increasing supplies of American wheat to China.

    In respect of Georgian market, we think that factor of Russian quoting will not be reflected seriously in flour price at first stage, Silagava declares.


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