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Economic Press Monitor

November 8 - 14, 2020

Previous Issues:  Days: < 31 07 14 21 28 > 

 

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economic & politics

    REZONANSI: “THEY HAVE NO COURAGE TO DO LOCKDOWN TO THE END, THE PEOPLE IS ALREADY ANGRY AS IT IS”

    November 13, 2020 - Within the last months, Georgian government constantly assured that there will be no lockdown, but its need has came all the same, the newspaper says.

    Experts of various spheres unanimously note that lockdown will destroy economy and will bring much heavier results, than we could receive in its absence, the article specifies.


    REZONANSI: “WHO WILL MAKE CONCESSIONS, THE OPPOSITION OR THE AUTHORITIES – ABOUT WHAT THEY SPOKE IN RESIDENCE OF THE US AMBASSADOR”

    November 13, 2020 - Georgian authorities (speaker of the Parliament Archil Talakvadze) and opposition held a meeting during 3 hours in the residence of the US ambassador in Georgia, though no comments were made about details of conversation, the newspaper says.

    According to Talakvadze, “it was the positive beginning of political consultations”.


    FORBES GEORGIA: “POLITICO-ECONOMICAL ANALYSIS OF ELECTIONS”

    November 12, 2020 - The article considers results of recent Georgian parliamentary elections (October 31) from the point of view of votes’ concentration in majority precincts.

    The article specifies that voters in economically more advanced constituencies make better-informed decisions.


    BANKEBI DA FINANSEBI: “SMALL AND MEDIUM-SIZED COMPANIES ARE ON THE VERGE OF BANKRUPTCY AND IT IS DOUBTFUL, HOW THEY WILL WITHSTAND THIS WINTER”

    November 12, 2020 - Iva Chkonia, head of Georgian Distributors Association, says that “small and medium-sized companies are on the verge of bankruptcy now and it is doubtful, how they will withstand this winter”. “Nothing was made in recent years, this is a face of our economy and we are in very difficult situation”, he points.


    BANKEBI DA FINANSEBI: “MERAB KAKULIA: WE SLIGHTLY OVERESTIMATED SUCCESSFUL FIGHT AGAINST THE PANDEMIC”

    November 11, 2020 - “We slightly overestimated that success, if it could be called success, which we get at the first stage” in fight against COVID-19, said Merab Kakulia, chief researcher at Georgian think-tank Rondeli Foundation. “In summer, we looked slightly more self-confident than in spring.


    TABULA: “MIKE POMPEO WILL VISIT GEORGIA ON NOVEMBER 17”

    November 11, 2020 - On November 17-18, visit to Georgia of the US Secretary of State Mike Pompeo is planned. According to Georgian Foreign Ministry, he will hold meetings with Georgian Prime Minister, President and Foreign Minister, as well as with Georgian Catholicos Patriarch.


    BANKEBI DA FINANSEBI: “IN CASE OF AMBULANCE SERVICE EMPLOYEE’S DEATH BECAUSE OF CORONAVIRUS, FAMILY OF THE DECEASED WILL RECEIVE ONE-TIME ASSISTANCE OF 10,000 LARI”

    November 10, 2020 - In case of death of employee of Georgian Center for Coordination of Emergency Situations and Emergency Aid because of COVID-19, family of the deceased will receive one-time monetary assistance of up to 10,000 lari, the newspaper reports. In case of the Center’s employee service-incurred death, the assistance will make up 5,000 lari.


    REZONANSI: “LEVAN DAVITASHVILI: WE WORK IN ORDER SUPPLY OF BREAD, AS WELL AS ITS PRICE WERE STABLE FOR POPULATION”

    November 10, 2020 - Georgia’s Minister of Environmental Protection and Agriculture Levan Davitashvili met large bread producers and chairmen of associations of flour and bread producers, the newspaper reports.

    As the article points, participants of the meeting, because of existing situation, discussed necessity of responsible decision making by the business sector.


    TABULA: “NGOS: INTRODUCTION OF CURFEW BY RESOLUTION OF GEORGIAN GOVERNMENT IS UNCONSTITUTIONAL”

    November 10, 2020 - Introduction of a curfew in the country starting from November 9 “by the resolution of Georgian government is unconstitutional”, declare non-governmental organizations (Georgian Democracy Initiative, International Society for Fair Elections and Democracies (ISFED) and Human Rights Center). “Georgian government has no legislative powers to restrict freedom of movement”, they specify.


    NETGAZETI.GE: “CITIZENS MUST BE ALLOWED TO EXPRESS PEACEFUL PROTEST – YOUNG LAWYERS ASSOCIATION”

    November 9, 2020 - Georgian Young Lawyers Association declared that citizens, who gathered in front of the building of Central Election Commission in Tbilisi, must be allowed to express their peaceful protest.

    At that, taking into account complicated epidemiological situation and crisis in healthcare system, use of water-cannons against participants of the action (in the evening on November 8) is unjustified, the organization specifies.


    TABULA: “DRI: USE OF WATER-CANNONS IS ILLEGAL, UNREASONABLE, DISPROPORTIONATE ACTION”

    November 9, 2020 - Georgian non-governmental organization Democracy Research Institute (DRI) estimates that use of water-cannons and tear gas against the protesters, who gathered in front of Central Election Commission on November 8, had no legal grounds.

    Proceeding from number of protesters (less than police officers’ number there), such actions were illegal, unreasonable and unambiguously disproportionate, the organization points.


macroeconomics & budget

    BANKEBI DA FINANSEBI: “NEW BIOLOGICAL WATER TREATMENT FACILITY IS BUILT IN TSKALTUBO”

    November 13, 2020 - Referring to the city hall of Tskaltubo, the newspaper reports that new biological water treatment facility is built in this spa resort in Imereti region. The article notes that due to lack of treatment facility, fecal masses flew down to the river for decades.


    BANKEBI DA FINANSEBI: “IN A YEAR, NUMBER OF RECIPIENTS OF LIVING ALLOWANCE INCREASED BY 17.1%”

    November 11, 2020 - Number of living allowance recipients in Georgia increases already for several months, the newspaper reports.

    According to Georgian Social Services Agency, there were 502,258 beneficiaries of living allowance in September, against of 428,608 in the same month of 2019.


    BANKEBI DA FINANSEBI: “12M LARI WILL BE SPENT FOR WORKS REQUIRED FOR STABLE WATER SUPPLY OF THE VILLAGE OF PATARDZEULI”

    November 10, 2020 - Georgian United Water Supply Company announced tender for design and construction of water supply system in the village of Patardzeuli of Sagarejo municipality (Kakheti region), the newspaper reports. Estimated cost of the project makes up 12 million lari.


    REZONANSI: “NO LIMIT OF LARI DEVALUATION EXISTS ANY MORE”

    November 9, 2020 - Georgian government is unable to take any measures for strengthening of national currency, lari, except blaming the opposition, the newspaper says.

    In connection with situation with lari, the article brings comments of professor Gocha Tutberidze, expert Mikheil Tokmazishvili and senior economist of TBC Capital Otar Nadaraia.


    KVIRIS PALITRA: “LARI AND POLITICS”

    November 9, 2020 - Situation with Georgian national currency lari quickly worsened after parliamentary elections in the country – in 5 days, lari depreciated against the US dollar by about 16 tetri, while then has strengthened in 1 day by about 4 tetri, the newspaper says.

    The article brings comments on this subject of professor of economics Lado Papava and Georgia’s ex-minister of economy Giorgi Kobulia.


companies

    BANKEBI DA FINANSEBI: ““TBC” WILL HOST BUSINESS FORUM WITH PARTICIPATION OF GARY VAYNERCHUK”

    November 13, 2020 - On November 19, TBC will host online business forum, the newspaper reports. As the article notes, a key speaker will be Belarusian-American businessmen Gary Vaynerchuk, founder of media communication and advertising companies VaynerX and VaynerMedia.


    FORBES GEORGIA: “WHAT INCOME “MCDONALDS GEORGIA” HAS?”

    November 12, 2020 - T&K Restaurants, franchising company of McDonalds brand in Georgia (90% belong to Temur Chkonia), finished 2019 with profit of 4.9 million lari, while profit in 2018 made up 6 million lari.

    In 2019, income of the company increased by 22% and reached 98.9 million lari.


ecology & health

    TABULA: “RATIANI: WE HAVE NO RESOURCE ANY MORE TO ACCEPT ADDITIONAL PATIENTS”

    November 11, 2020 - “We have no resource any more to accept additional patients”, director of the First University Clinic Levan Ratiani declared. He said this on air of Imedi TV company and added: “We are loaded maximally”.


agriculture & food

    BANKEBI DA FINANSEBI: “500,000 LARI WILL BE SPENT FOR SUBSIDIZING OF SUB-STANDARD CITRUSES”

    November 12, 2020 - Georgian government plans to spend 500,000 lari for subsidizing of sub-standard citruses (tangerines), the newspaper reports.

    Purchase of sub-standard tangerines will start after November 25-27, for which end the state will pay 10 tetri per 1 kg, while another 10 tetri will be paid by purchaser enterprise.


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