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Economic Press Monitor

February 26 - March 4, 2017

Previous Issues:  Days: < 18 25 04 11 18 > 

 

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economic & politics

    LIBERALI: “HOW WE CONTROL IMPLEMENTATION OF ASSOCIATION AGREEMENT”

    March 2, 2017 - Ivane Chkhikvadze, manager of European integration direction at Open Society – Georgia Foundation, considers that the Parliament’s current mechanism of implementation monitoring of Georgia-EU Association Agreement is only minimally sufficient, He points that taking into account growth of undertaken liabilities, monitoring capabilities should be accordingly enhanced.

    Chkhikvadze estimates that monitoring of the Parliament of previous convocation was “the weakest”, “Committee hearing on Deep and Comprehensive Free Trade Area (DCFTA) took place only once”, he points, noting that committee hearings should be held once in a quarter at least.


    EUGEORGIA.INFO: “AMENDMENTS TO GEORGIAN LAW “ON STATE PROCUREMENT” – DOES THE COUNTRY FULFILL LIABILITIES IN TERMS OF PROCUREMENTS, UNDERTAKEN BY THE ASSOCIATION AGREEMENT?”

    March 1, 2017 - The article points that non-governmental organizations estimated in big part positively draft amendments to law “On State Procurements”, as most of them serve to fulfillment of the liabilities, undertaken by EU-Georgia Association Agreement.

    Among amendments, positively estimated by non-governmental sector, are cancellation of simplified online tender; use of international and European standards upon describing the procurement object; cancelation of fixed timeframe for online tender bids (deadline will depend on cost of procurement), etc.


    EUGEORGIA.INFO: “FRAGMENT OF THOSE PROBLEMS, WHICH BENEFICIARIES OF “PRODUCE IN GEORGIA” PROGRAM HAVE FACED”

    February 28, 2017 - While commenting on problems, which Georgian business is facing, director of LLC MCB Georgia (bakery and confectionery products) Aleksandre Ratishvili points at bureaucratic mechanism, “which hampers quick operation of companies”.

    MCB Georgia is beneficiary of “Produce in Georgia” state program.


    FORBES GEORGIA: “ESTIMATION OF IMPACT OF REGULATING LAW”

    February 27, 2017 - The article reviews standard cost model (SCM) that measures costs for business, which were arisen after regulations. The mentioned model should be introduced gradually in Georgia, author of the article says.


macroeconomics & budget

    FORBES GEORGIA: “POSITIVE ECONOMIC TRENDS CONDITION LARI STRENGTHENING”

    March 1, 2017 - Lari started strengthening toward the US dollar after January 10 and as of February 28, has gained about 20 tetri (7.5%).

    As economist Beso Namchavadze notes, “Over the past 2.5 years, lari exchange rate has declining tendency, but there were slight strengthenings during this period”.


    REZONANSI: “THOUSANDS OF PEOPLE WILL LOST JOBS UNTIL END OF THE YEAR”

    February 28, 2017 - Maia Melikidze, economic adviser to the President, says that staff reduction is planned in business sector, which major reason is misbalance between demand and supply. “There is a quite negative trend in this direction”, she declares.


energy, oil & gas

    KVIRIS PALITRA: “NEW TARIFFS WILL BE SET ON GAS?”

    February 27, 2017 - SOCAR Georgia Gas and Sakorgas have already applied to Georgian National Energy and Water Supply Regulatory Commission (GNERC) with request to revise tariff rates. The Commission will launch administrative proceedings on their application on March 1.


conflict and court

    TABULA: “INTERIOR MINISTRY: WE SEIZED MOBILE PHONES AND VARIOUS DEVICES, WHICH PAWNSHOPS ACCEPTED WITHOUT DOCUMENTATION”

    March 2, 2017 - Following judge’s ruling, law enforcement agencies conducted search in Tbilisi pawnshops, the article reports.

    As Interior Ministry said, the investigation established that the mentioned pawnshops had accepted various electronic devices and mobile phones without ownership certifying documents.


    TABULA: “DVALI: WE FIGHT NOT FOR REGAIN OF TELEVISION BY KIBAR KHALVASHI”

    March 2, 2017 - David Dvali and Jarji Akimidze, initial founders of Rustavi-2 broadcasting company, declare that “Television should be returned to its founders”. They assert that “Prosecutors Office had put their case on the shelf”.


transport & communications

    REZONANSI: “WHAT ALTERNATIVE OF LARSI DID PREMIERS OF GEORGIA AND ARMENIA AGREED ON”

    February 28, 2017 - Armenian Prime Minister Karen Karapetyan, who paid official visit to Georgia on February 23-24, has declared in an interview upon his return to Armenia that fruitful negotiations were held in Georgia concerning alternative of Larsi checkpoint (the only legally operating one on Georgia-Russia border for now), the newspaper reports.

    The article points: “Despite Karapetyan did not specify what the mentioned alternative is, Armenian and Russian media are actively discussing already for several days after his statement that active negotiations are underway exactly on restoration of Armenian-Russian railway”,

    However, Georgia’s ruling team flatly denies consideration of this topic and declares that opposition is just speculating on this subject, the newspaper notes.


international cooperation

    THE FINANCIAL: “NEW PROSPECTS FOR GEORGIAN-ITALIAN TRADE RELATIONS”

    February 28, 2017 - On March 8, Rome will host Italy-Georgia business forum. According to Italian ambassador to Georgia Antonio Enrico Bartoli, over 60 Georgian companies have registered for participation, most part of which are engaged in construction, food and drink production, textile manufacturing and tourism.


finances & banking

    NETGAZETI.GE: “PERSONAL DATA PROTECTION INSPECTOR FINED COMPANY OF ONLINE CREDITS”

    March 2, 2017 - Personal Data Protection Inspector dedicated separate paragraph in the report for 2016 to issue of companies, issuing online credits and collecting bad debts.

    As the report states, quite a big part of applications, considered by Personal Data Protection Inspector in 2016, referred exactly to legitimacy of information handling by such companies.


    REZONANSI: “SOON, TENS OF ONLINE CREDIT COMPANIES WILL SHOOT DOWN”

    March 1, 2017 - Giorgi Kepuladze, head of Society and Banks, forecasts that big part of online and microfinance organizations will not be capable to withstand new regulations.

    “Intensive closure of microfinance companies is connected to those changes, which follow introduction of upper limit for effective interest rate”, Kepuladze specifies.


    KVIRIS PALITRA: “EFFECT OF LARIZATION”

    February 27, 2017 - During last week, lari has strengthened against the US dollar by 5 tetri. The newspaper brings comments on the mentioned trend, made by executive director of Georgian Banks Association Giorgi Tsutskiridze and doctor of economics David Aslanishvili.


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