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Economic Press Monitor

February 9 - 15, 2025

Previous Issues:  Days: < 11 18 25 01 15

 

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economic & politics

    NETGAZETI.GE: “ONE OF “CABLES CASE” JUDGES RECALLS THREATS PROCEEDING FROM “DREAM””

    February 14, 2025 - Judge David Jugeli, who considered the so-called “cable case” (the case of high-ranking officials of Georgian Defense Ministry), recalls attempts to bribe and intimidate him in order he makes a ruling that suited the Georgian Dream. Jugeli said the mentioned in an interview with TV Pirveli.


    NETGAZETI.GE: “IN JANUARY, WORKS OF ART WORTH OVER $420M WERE BROUGHT FROM THE US AND THE UK”

    February 14, 2025 - In January, works of art worth $167.6 million were brought to Georgia from the US, and ones of $252.7 million – from the UK (in total, $420.3 million), the article reports with reference to Georgian Finance Ministry.

    In addition, in January, cultural valuables worth $60.35 million were brought to Georgia from the US.


    FORBES GEORGIA: “IN CORRUPTION RATING, GEORGIA WENT DOWN BY 4 POSITIONS”

    February 13, 2025 - In the Corruption Perception Index published by Transparency International on February 11, which reflects the situation as of 2024, Georgia shares 53rd place with Bahrain and Poland.

    In 2023, Georgia also had the same score (53 points), but the country took 49th place.


    NETGAZETI.GE: “STRASBOURG COURT ESTABLISHED VIOLATION OF FAIR TRIAL RIGHT IN THE CABLE CASE”

    February 13, 2025 - The European Court of Human Rights established a violation of the right to a fair trial in the so-called “cable case”, Georgian Young Lawyers Association reported.

    The complaint filed by the Association with the Strasbourg Court concerned the conviction of employees of the Georgian Defense Ministry for possible misappropriation or abuse of authority.


    NETGAZETI.GE: “WHAT IS SAID IN DRAFT OF THE EUROPEAN PARLIAMENT’S CRITICAL RESOLUTION”

    February 13, 2025 - On February 13, the European Parliament will adopt a resolution “On the further deterioration of the political situation in Georgia”.

    According to the draft of the resolution, MEPs do not recognize results of the “deeply flawed and marked by grave irregularities” parliamentary elections held in Georgia on October 26, indicating that they failed “to reflect the will of the people and rendering the resulting “parliament”, and subsequently the “president”, devoid of any democratic legitimacy”.


    NETGAZETI.GE: “IF ENVIRONMENT DOES NOT CHANGE, LOCAL ELECTIONS SHOULD BE POSTPONED – COUNCIL OF EUROPE’S CONGRESS”

    February 12, 2025 - Without essential changes in the political environment, local elections in Georgia, scheduled for October, should be postponed, the Bureau of the Congress of Local and Regional Authorities of the Council of Europe considers. Holding elections under current conditions bears the risk of aggravating the situation, the Bureau points out.


    REZONANSI: “NEW MAJOR INVESTIGATION INTO SABOTAGE – WHO COULD BECOME TARGETS FOR PROSECUTORS AND FOR WHAT”

    February 12, 2025 - On February 8, Georgian Prosecutor General’s Office launched an investigation into aggravated sabotage, assistance to foreign organization and organization under foreign control in hostile activities to undermine the state interests of Georgia.

    The penalty for these crimes is imprisonment for a term of 5 to 10 years and from 7 to 15 years.


    NETGAZETI.GE: “FOREIGN MINISTRY IS STILL SILENT ON OPENING OF AIRPORT IN SUKHUMI BY RUSSIA”

    February 11, 2025 - On February 7, the first trial flight from Moscow was made to Sukhumi airport, which has been closed since 1993 (end of war in Abkhazia). In 2023, the Abkhaz side handed over the airport to Russia for 49 years.


    REZONANSI: ““DREAM” PREPARES DECISION ON AMBASSADORS AND EMBASSIES – “PROTECTION OF THE COUNTRY’S SOVEREIGNTY” OR “STEP TOWARDS ISOLATION””

    February 11, 2025 - Chairman of the Georgia’s Parliament Shalva Papuashvili states that ambassadors of some countries behaved like instructors, who gave instructions to the government of Georgia on what laws should be adopted, the article reports.

    In turn, deputy from the Georgian Dream Irakli Zarkua states: “We are doing everything possible so that no foreign organization has the opportunity to interfere in the internal affairs of the country – it does not matter whether it will be an ambassador, embassy or representative of any other international organization”.


    FORBES GEORGIA: “IN ECONOMIC GLOBALIZATION RANKING, GEORGIA IS ON 26TH PLACE”

    February 10, 2025 - In the 2024 globalization index, Zurich Technology University ranks Georgia the 26th among 189 countries in terms of economic globalization.

    In terms of social globalization, Georgia is in 69th place, while in terms of political globalization – in 120th place.


    NETGAZETI.GE: “NEW LAWS, VIOLENCE ARE THE BASIS FOR CONSTRUCTION OF AUTOCRACY BY THE “GEORGIAN DREAM” – “HRW””

    February 10, 2025 - The Georgian authorities are “trying to suppress any dissent”, “preventively restrict and suppress any different opinion”, said Rachel Denber, deputy director of the Europe and Central Asia division at the Human Right Watch (HRW).

    “The new laws that have just entered into force and physical violence are the basis for building an autocracy”, Denber said in an interview with the Georgian edition of Voice of America.


    TABULA: “ISSA CONDUCTED SOCIOLOGICAL SURVEY IN JANUARY – RESULTS IN DETAIL”

    February 10, 2025 - Survey, conducted in Georgia by the Institute of Social Studies and Analysis (ISSA), 82.1% of respondents admit existence of a political crisis in the country.

    The survey identified 3 indicators of the political crisis: one-party Parliament; mass protests in Georgia demanding the holding of new parliamentary elections; physical violence and illegal arrests of protesters.


macroeconomics & budget

    BATUMELEBI: “209 THOUSAND LARI SPENT ON THE EVENT THAT KOBAKHIDZE ATTENDED IN BATUMI”

    February 11, 2025 - On February 8, an event was held in Batumi to lay the symbolic capsule of the second stage of the construction of the “Dream City” (social housing), which was attended by Georgia’s Prime Minister Irakli Kobakhidze.

    This event cost the budget of Ajara 209,165 lari.


    TABULA: “TURNAVA: WE HAVE NO EXPECTATION THAT SUDDEN DEPRECIATION COULD ENDANGER LARI”

    February 10, 2025 - “Lari behaves quite healthy” and “fluctuates slightly”, said Natia Turnava, president of the National Bank of Georgia.

    “The fact that influxes of foreign currency in the country remain strong allows us to say that no sudden depreciation endangers lari”, Turnava assured.


energy, oil & gas

    REZONANSI: “THERE IS TOTAL CHAOS IN GAS SUPPLY SYSTEM, SERVICE LIFE OF CENTRAL PIPES EXPIRED 30 YEARS AGO”

    February 12, 2025 - On February 9, central gas pipeline in Tbilisi was damaged, as a result of which about 150,000 consumers in Vake-Saburtalo district were left without gas supply. Restoration of gas supply was completed only on February 11, the newspaper reports.


companies

    NETGAZETI.GE: “TERRITORY OF 19 HA CREATED IN THE SEA HANDED OVER TO “AMBASSADORI ISLAND BATUMI” IN OWNERSHIP”

    February 12, 2025 - The Georgia’s government issued a decree, which gives in ownership to Ambassadori Island Batumi a plot of 194,457 square m, created by this company at sea on the basis of a development agreement.

    Ambassadori Island Batumi declares that it is fulfilling its obligations to the state, outpacing the schedule by 5 years, and more than a quarter of the total project area has been formed to date.


international cooperation

    TABULA: “MEDIA: FROM APRIL, A PASSENGER TRAIN WILL RUN ON BAKU-TBILISI-BAKU ROUTE”

    February 13, 2025 - In April, a passenger train will begin to run between Baku and Tbilisi, Tabula reports with reference to Azerbaijani media. Transportation will be carried out by trains made by Swiss company Stadler Rail.


    BANKEBI DA FINANSEBI: “FOR THE FIRST TIME, KAZAKH AMMOPHOS IS DELIVERED TO BATUMI THROUGH THE MIDDLE CORRIDOR”

    February 11, 2025 - KazTransOil (the company managing the Batumi Oil Terminal) reported about export of Kazakh ammophos (fertilizer) from the port of Batumi.

    For the first time, transportation was carried out through the Trans-Caspian International Transport Route (TITR).


tourism

    TABULA: “WHETHER TOURISM IS GROWING OR DECLINING?”

    February 14, 2025 - Maya Omiadze, head of Georgian National Tourism Administration, asserts that 2025 will be a “very good tourist year”. However, the article says, the country’s private sector estimates situation in the industry sharply opposite to the tourism administration.


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