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Economic Press Monitor

December 27, 2020 - January 2, 2021

Previous Issues:  Days: < 12 19 26 02 16 > 

 

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economic & politics

    TABULA: “AID OF $132M FROM THE US WILL BE ALLOCATED TO GEORGIA AFTER REPORT OF THE STATE SECRETARY”

    December 29, 2020 - The US President Donald Trump signed a budget law for 2021, according to which Georgia will receive aid of $132 million from the US, Tabula reports.

    The aid will be allocated to Georgia after report of the US State Secretary to the budget committee.


    KVIRIS PALITRA: “ECONOMY OF 2020”

    December 28, 2020 - The article reviews Georgian economic situation during 2020. In this connection, comments of Georgia’s former vice-premier (in the government of Eduard Shevardnadze) Temur Basilia and president of Georgian Young Financiers and Businessmen Association Paata Bayrakhtari are provided.


macroeconomics & budget

    REZONANSI: “YEAR OF TOTAL EXPENSIVENESS – ECONOMY AND POPULATION SUFFERED IRRECOVERABLE LOSSES”

    December 29, 2020 - 2020 is a year of total expensiveness – food products rose in price catastrophically, as well as essentials, hygiene goods and so on, the newspaper says.

    However, statistician Soso Archvadze indicates that “2020 wasn’t a record-breaking by the rate of inflation, we had much more highly inflationary years”.


energy, oil & gas

    BANKEBI DA FINANSEBI: ““ENERGOPRO GEORGIA” – CONSIDERABLE GROWTH OF ELECTRIC POWER TARIFFS IS IMMINENT”

    December 29, 2020 - “Growth of consumer tariff is, unfortunately, imminent”, says director general of EnergoPro Georgia (energy distributor in Georgia’s regions) Mikhail Botsvadze.

    Despite the fact that current tariff was set on January 1, 2018 for a period of 3 years, it, “for objective reasons, doesn’t cover already for years dramatically increased expenses on procurement of electric power or other directions”, Botsvadze explains.


    BANKEBI DA FINANSEBI: “ANDRIA GVIDIANI: WITH HIGH PROBABILITY, ENERGY COMPANIES WILL PUT THE QUESTION OF TARIFFS’ GROWTH AND IT WILL BE FULLY LEGITIMATE”

    December 28, 2020 - With high probability, Georgian energy companies will put the question of tariffs’ growth and it will be fully legitimate, economic expert Andria Gvidiani says. This growth will affect legal entities more than household consumers, he considers.


finances & banking

    BANKEBI DA FINANSEBI: “ARCHIL MORCHILADZE – FROM THE POINT OF VIEW OF WEALTH DISTRIBUTION, CURRENT SITUATION IS DEPLORABLE AND DEMANDS RADICAL CHANGES, POSSESSION OF ASSETS IN INSURANCE SECTOR BY BANKS REMAINS THE MAIN CHALLENGE”

    December 28, 2020 - In his interview to the newspaper, founder of Insurance Group of Georgia Archil Morchiladze says that introduction of obligatory liability insurance of car owners is the most important thing for insurance industry. This is European directive and the country should fulfill it, he notes.


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