Economic Press Monitor August 27 - September 2, 2023	Days:  05 12 02 09 16

transport & communications

REZONANSI: “WHY FLIGHTS BETWEEN AMERICA AND GEORGIA CANNOT START?”

September 1, 2023 - Kelly Degnan, US ambassador to Georgia, said that “there is progress in connection with direct flights” between the US and Georgia.

In Georgian aviation sector, there is a great desire to start direct flights to the US, but the desired result was not achieved over the years, the newspaper notes.




REZONANSI: “TRAFFIC IN DIRECTION OF TAJIKISTAN AND UZBEKISTAN IS INCREASED”

September 1, 2023 - “The function of the Middle Corridor is growing and will reach a solid scale in the future, but before that we must cope with existing challenges”, says Paata Tsagareishvili, director of the Transport Corridor Research Center. Full-fledged redirection of freight and load of our corridor is still unavailable, he points out.

finances & banking

FORBES GEORGIA: “IN TERMS OF HIGH COST OF BANK CREDIT, GEORGIA IS ON 36^TH PLACE IN THE WORLD”

September 1, 2023 - Referring to data of the World Bank, the magazine reports that in terms of average rate of interest on bank loans, Georgia is on 36^th place among 152 countries of the world.

At the end of 2022, the weighted average interest rate on loans from Georgian banks made up 13.7%.

agriculture & food

TABULA: “MINISTER ON HAZELNUT: THOSE, WHO TOOK CARE PROPERLY, HAVE A GOOD HARVEST, BETTER QUALITY HAS BETTER PRICE”

September 1, 2023 - “Those, who took care properly, have a good harvest, when you have a high-quality harvest, its price is better”, Georgia’s Minister of Environmental Protection and Agriculture Otar Shamugia declared in connection with price of hazelnuts.

According to the Minister, this year the state “targeted and correctly assisted hazelnut farmers” and, if necessary, will continue the assistance.