Georgian English Russian Main Register Company Partners Feedback
Sarke Information Agency
Georgian/English/Russian Menu

Daily News
Economic Press Monitor
Special Report
 
Georgian Business Ethics Web Conference


Economic Press Monitor

October 15 - 21, 2017

Previous Issues:  Days: < 23 30 07 14 21

 

Note: Please login to get full access to the articles. If you are still not the Sarke's user, please register.

economic & politics

    NETGAZETI.GE: “THE “DREAM” ACCOUNTS FOR 90% OF DONATIONS, RECEIVED BY ALL SUBJECTS – AUDIT REPORT”

    October 18, 2017 - State Audit Service reported that election subjects have received between July 1 and October 17 donations, totaling to 13 million lari. Out of this sum, 90% (11.64 million lari) is share of ruling Georgian Dream, Netgazeti.Ge says.


    BANKEBI DA FINANSEBI: “ENACTMENT OF LAW ON TOBACCO TO CUT THOUSANDS OF JOBS”

    October 18, 2017 - Paata Bairakhtari, vice-president of Georgian Young Financiers and Businessmen Association, considers that law “On Tobacco Control”, which will enter in force on January 1, 2018, limits mainly small and medium business.

    For example, regulation envisages prohibition of realization of tobacco along streets and roads, respectively, besides budgetary losses, job will be lost by thousands of people, engaged in this business, Bairakhtari specifies.


    FORBES GEORGIA: “GEORGIA’S GLOBAL POSITION IN TERMS OF QUALITY OF EDUCATION”

    October 18, 2017 - According to quality of education, the World Economic Forum places Georgia on the 101st position among 137 countries. At that, by criterion of quality of mathematics and science education, Georgia occupies the 103rd position.


    EUGEORGIA.INFO: “AT AUTUMN SESSION, METHODOLOGY AND INTRODUCTION TERMS OF RIA WILL BE DETERMINED”

    October 17, 2017 - Shalva Tadumadze, parliamentary secretary of the government, supposes that practice of regulation impact assessment (RIA) will be fully introduced in legislative process after January 1, 2019. However, it is possible that pilot terms will be determined and requirement to conduct RIA concerning certain part of laws will be introduced after January 2018, he notes.


    FORBES GEORGIA: “MARKET, FINANCE AND KNOWLEDGE ACCESSIBILITY”

    October 16, 2017 - International researchers are grouping problems, which small and medium business has face, in four blocks: administrative, access to finance, access to markets and access to knowledge, the magazine says.

    The article notes that in Georgia, under administrative component often is meant corruption and bureaucracy in customs, tax and other regulators, however it is not an essential limiting factor, especially in comparison with other countries, including Eastern Europe.


macroeconomics & budget

    FORBES GEORGIA: “BIG ECONOMY OF TBILISI”

    October 17, 2017 - “Why talks on urbanistic problems became of higher priority in Tbilisi, than on social problems”, author of the article asks and answers: “There are two main reasons of this”.

    The first reason is that economic situation in Tbilisi is better, than in regions of the country, while the second reason is that urbanistic activity in Tbilisi became very much amplified, the article specifies.


    KVIRIS PALITRA: “HIGH RATE OF ECONOMIC GROWTH WAS PROMOTED BY REASONABLE POLICY”

    October 16, 2017 - On that background, when consideration of the draft budget-2018 in the Parliament is conducted against noisy debates between majority and minority, the IMF mission positively estimates those priorities, which the government defined in the budget, the newspaper states.

    According to the mission, high rate of economic growth in Georgia “was promoted by reasonable policy”.


conflict and court

    KVIRIS PALITRA: ““WE GOT KIDNAPPING ORDER FROM THE WIFE” – WHAT SAYS FORMER SPOUSE OF OWNER OF “GORGIA” AND WHAT – ACCUSED OF “HUNTING” FOR MILLIONAIRE?”

    October 16, 2017 - At night on October 12, law enforcement agencies detained on Tskneti Highway a criminal group, which planned kidnapping of the owner of construction hypermarkets’ chain Gorgia Gia Gorgoshadze. Kidnappers had to demand ransom of $5 million from the businessman.


companies

    TABULA: “CABLE OPERATORS STOPPED BROADCASTING OF “RUSTAVI-2”, “IMEDI” AND OTHER TV CHANNELS”

    October 18, 2017 - Cable operators stopped broadcasting of Rustavi-2, Imedi, Maestro, GDS, Marao and Komedi Arkhi (Comedy Channel).

    They explain the action with demand of Media Right Georgia to pay the fee for broadcasting of signal of these Georgian TV channels.


    FORBES GEORGIA: ““DASTA” – PERSONAL ARCHIVIST OF BUSINESS”

    October 17, 2017 - Dasta is the first company of paper work and archiving in Georgia, which offers services of documents’ storage, digitizing and shredding, the magazine reports.

    The company, founded in 2014 by Georgian, Dutch, French and American investors, has invested during 3 years 4 million lari in Georgia.


finances & banking

    TABULA: “THE GOVERNMENT WILL INSURE YOUR DEPOSIT WITH YOUR MONEY – WHAT EFFECT THIS REFORM WILL HAVE”

    October 18, 2017 - Since January 2018, deposits, placed by individuals in the Georgian commercial banks, will be insured by special state fund. Through monthly payment of obligatory commission fee, deposited sum of up to 5,000 lari will be compensated in case of bankruptcy of the bank.


Note: Please login to get full access to the articles. If you are still not the Sarke's user, please register.

Exchange Rates (NBG)
  10/18/17 + / -
  USD   2.4844   0.0005
  EUR   2.9204   0.0019
  RUR   4.3347   0.0029
Announcements
Dear readers,

We have left for summer vacations, so the site updates will resume on September 4. See you all then!

Wish you happy vacations and peace of mind!

Sincerely,

Sarke Information Agency

Fujitsu Computer Systems Corporation

© 2017 Sarke Information Agency