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Economic Press Monitor

April 11 - 17, 2021

Previous Issues:  Days: < 20 27 03 10 17

 

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economic & politics

    TABULA: “NGOS ON “NAMOKHVANHES”: INTERIOR MINISTRY’S ACTIONS ARE UNCONVINCING, THEY AIM TO HAMPER THE PROTEST”

    April 12, 2021 - Activists, who oppose construction of NamokhvanHES, have put tents in the Rioni River gorge for several months already.

    On April 11, officers of the Interior Ministry removed the protesters’ tents with excuse of expected significant increase of water level in the river.


    FORBES GEORGIA: “EPRC: STRATEGIC VISION OF ECONOMIC DEVELOPMENT FOR 2022-2028”

    April 12, 2021 - Economic Policy Research Center (EPRC) presented a strategic vision of Georgian economy development for 2022-2025, the magazine reports. Objectives are divided into 4 categories: priority task, short- and medium-term tasks and long-term reforms.


macroeconomics & budget

    TABULA: “IMF: GEORGIA WON’T BE ABLE TO REDUCE THE DEBT TO 60% LIMIT UNTIL 2023”

    April 12, 2021 - IMF forecasts that Georgia’s state debt will reach 63.85% of GDP by the end of 2021. This means that the state won’t be able to bring the debt below the 60% level envisaged by the Economic Freedom Act this year too, Tabula points.


conflict and court

    TABULA: “DIRECTOR OF BATUMI BOULEVARD, WHO OPPOSED CONSTRUCTIONS, IS DISMISSED”

    April 13, 2021 - Irakli Jincharadze, director of Batumi Boulevard, who opposed development and alienation of the Boulevard territory, was dismissed from office, Tabula reports.

    In its turn, Ajara Ministry of Finance and Economy attributed Jincharadze’s dismissal with violations, revealed by the State Audit Service.


companies

    FORBES GEORGIA: “WITH INVESTMENT OF $5M, NEW PREMIUM-CLASS HOTEL OPENS IN MESTIA”

    April 13, 2021 - A hotel complex of premium class will be opened in Mestia (mountainous region Svaneti) in May, the magazine reports. LLC Gistola invests $5 million for that end.


    BANKEBI DA FINANSEBI: “NEW FERROALLOY ENTERPRISE WILL BE BUILT IN TERJOLA – 100 PEOPLE WILL BE EMPLOYED”

    April 13, 2021 - With support of “Produce in Georgia” state program, Manganese Industries will build a new ferroalloy enterprise in Terjola municipality (Imereti region), the newspaper reports. The state handed over a land plot to the company at a symbolic price of 1 lari.


international cooperation

    REZONANSI: “WHAT WILL GEORGIANS LEGALLY EMPLOYED IN ISRAEL BE PAID AND WHAT CRITERIA WILL BE USED FOR SELECTION OF CANDIDATES”

    April 12, 2021 - Georgian Ministry of IDPs from Occupied Territories, Labor, Healthcare and Social Protection launched on April 12 an online registration of those Georgian citizens willing to go for legal employment in Israel, which will be open throughout the year. It is planned to employ 1,000 Georgian citizens in Israel during 2021.


tourism

    BANKEBI DA FINANSEBI: “KELLY DEGNAN – GEORGIA HAS A LOT TO OFFER IN AGRO-TOURISM”

    April 13, 2021 - The US ambassador to Georgia Kelly Degnan declared that “Georgia has a lot to offer, in particular in agro-tourism”.

    The ambassador stated this during the panel discussion “Pandemic: Opportunity or Challenge for Agricultural Sector”, organized by Georgian Farmers’ Association.


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