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Economic Press Monitor

July 14 - 20, 2019

Previous Issues:  Days: < 06 13 20 27 03 > 

 

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economic & politics

    BANKEBI DA FINANSEBI: “LAVROV NAMED CONDITIONS FOR AIR COMMUNICATION BETWEEN RUSSIA AND GEORGIA”

    July 18, 2019 - Russia can restore air communication with Georgia (cancelled on July 8) in case, if Georgian authorities ensure stability and safety of Russian citizens in the country, Russian Foreign Minister Sergey Lavrov declared in an interview to Arguments and Facts.

    As Lavrov noted, radical political forces “inflame Russophobic sentiments in Georgia” that damages, first of all, Georgia and its citizens.


    REZONANSI: “IVANISHVILI’S FIRST MESSAGES ON 27TH DAY AFTER THE JUNE EVENTS”

    July 18, 2019 - Bidzina Ivanishvili, billionaire chairman of ruling Georgian Dream, confirmed that the Interior Minister Giorgi Gakharia will not go anywhere and that preservation of this minister is very important for him, the newspaper says.

    “Gakharia is even tougher person”, than Irakli Kobakhidze (ex-speaker of the Parliament), and his resignation “would be high treason today”, Ivanishvili declared to journalists.


    TABULA: “IVANISHVILI: HEY, LOOK, WHAT HAPPENED WITH THEM BECAUSE OF “PANORAMA”, I IMPLEMENT UNIQUE PROJECT IN TBILISI”

    July 18, 2019 - Bidzina Ivanishvili, billionaire chairman of ruling Georgian Dream declared to journalists in connection with oppositional United National Movement (UNM): “Hey, look, what happened with them because of Panorama, I implement unique, unprofitable project in Tbilisi “.

    According to Ivanishvili, UNM and “non-governmental organizations under their management” want “to suspend construction in Georgia, they want to destroy the country”.


    TABULA: “IVANISHVILI: KOBAKHIDZE SHIELDED BY HIMSELF THE TEAM, THE SITUATION AND RESIGNED, EVEN TOUGHER PERSON IS GAKHARIA”

    July 18, 2019 - While commenting on project action of June 20, billionaire chairman of a ruling Georgian Dream Bidzina Ivanishvili declared to journalists that appearance of Russian deputy Sergey Gavrilov in a chair of the speaker of Georgian Parliament was a mistake: “It was s protocolary mistake”.

    “It was followed by absolutely objective public indignation”, while oppositional United National Movement “managed to agitate this situation”, Ivanishvili pointed.


    TABULA: “WRESTLING FEDERATION TRANSFERRED 1.6M TO HOTEL OF SISTER OF MP FROM “DREAM””

    July 17, 2019 - Referring to TI Georgia (Georgian branch of Transparency International), Tabula reports that Georgian Wrestling Federation transferred during the last 4 years

    1.6 million lari to a hotel, which is owned by sister of Leri Khabelov, MP from ruling Georgian Dream and former wrestler.

    According to TI Georgia, in December 2017 and January 2018, president of the Federation Gega Gegeshidze got bonuses of 40,000 lari, while chief of administration and one more employee – of about 27,000 lari.


    FORBES GEORGIA: “TRANSFORMING TOBACCO IN A REGULATED ENVIRONMENT”

    July 17, 2019 - Tobacco industry, which generates 10% of Georgian state budget’s revenues, is “the most taxed and regulated” today, the magazine says.

    The magazine spoke about issues of the tobacco industry with director general of British American Tobacco (BAT) in the Caucasus and Moldova Felicio Ferraz and director for legal and foreign affairs of the company Zviad Skhvitaridze.


    REZONANSI: “ABOUT WHAT TUSK SPOKE WITH IVANISHVILI BEHIND CLOSED DOORS”

    July 16, 2019 - After international conference, devoted to the 10th anniversary of the Eastern Partnership, which took place in Batumi on July 12, European Council president Donald Tusk met chairman of ruling Georgian Dream Bidzina Ivanishvili, the newspaper reports. The meeting was held behind closed doors.


    TABULA: “ASLY: THERE WERE ALL AT BATUMI INVESTMENT CONFERENCE, EXCEPT INVESTORS”

    July 15, 2019 - Fady Asly, president of International Chamber of Commerce in Georgia, points: “At the brilliant investment conference, held in Batumi, there were all, except … investors!”. He posted this on Facebook.


    NETGAZETI.GE: “245,000 USD IN CASH – WHAT ELSE PROPERTY OWNS DEPUTY CHIEF OF SSS SHENGELI PITSKHELAURI?”

    July 15, 2019 - Property declaration of deputy chief State Security Service (SSS) Shengeli Pitskhelauri, published on July 8, indicates that he owns $245,000 in cash, Netgazeti.Ge reports.

    As source of this money, dividends from ownership of 12% in Guram Tavartkiladze Educational University are indicated.


    KVIRIS PALITRA: “WITHIN 30 YEARS, RUSSIA INFLICTED TO GEORGIA DAMAGE OF $400B”

    July 15, 2019 - “As soon, our political positions are not pleasant” to Moscow, Russia threatens Georgia with market closing, the newspaper says.

    According to Georgia’s Minister of Economy and Sustainable Development Natia Turnava, losses, which could be inflicted to Georgia in case of introduction of economic sanctions by Russia, would exceed now 4 billion lari.


macroeconomics & budget

    BANKEBI DA FINANSEBI: “FESTIVAL IN ANAKLIA WILL BE FINANCED WITH 2,559,600 LARI FROM THE BUDGET”

    July 17, 2019 - Anaklia Echowaves, electronic music festival in Anaklia, will be financed with 2.56 million lari from the budget, the newspaper reports. The festival will be held on August 22-25.


conflict and court

    BANKEBI DA FINANSEBI: “I WILL DISPUTE ABOUT THE CONTRACT AND IN SEVERAL MONTHS OR IN A YEAR, I WILL WIN 5 MILLION, WHICH WILL INVEST IN NEW TELEVISION”

    July 19, 2019 - Nika Gvaramia, former director general of Rustavi-2 TV company, declares that he plans to launch a lawsuit because of terminated labor contract.

    “Let it will be several months, a year or a year and a half, but sometime, I will win 5 million and will invest them in new television”, Gvaramia declares.


companies

    FORBES GEORGIA: “BALTIC EXPERIENCE ON GEORGIAN MARKET”

    July 16, 2019 - Baltic Investment Group was founded in Georgia with Lithuanian capital in 2014, executive manager of the company Vygantas Zenkevicius says in interview to the magazine. We entered Georgian market, as financial investors, besides, have created own construction company, he notes.


transport & communications

    REZONANSI: “TRAVEL BY SUBWAY AND YELLOW BUSES WILL COST 80 TETRI?”

    July 19, 2019 - Tbilisi Mayor Kakha Kaladze declared that travel by municipal buses, subway and minibuses will be possible with single ticket. Introduction of this system is planned for summer 2021.


    FORBES GEORGIA: “CONSTITUTIONAL COURT REJECTED CLAIM OF BUSINESS REGARDING RESTRICTION ON WHEAT TRANSPORTATION”

    July 17, 2019 - The magazine reminds that in 2018, decision was made, which allowed transportation of wheat from(to) Georgia customs territory upon export-import of this product only by railway and marine transport. Transportation by means of motor transport was allowed in some cases, at the consent of Revenue Service.


finances & banking

    FORBES GEORGIA: “PROFITABLE SECTORS FOR BANKS”

    July 19, 2019 - In 2018, Georgian banks received up to 3.38 billion lari as interest income, the magazine reports. Of that, retail crediting accounted for 1.9 billion, or 56%.


    FORBES GEORGIA: “IN BANKING SECTOR, ABOUT 25,000 PEOPLE ARE EMPLOYED”

    July 19, 2019 - At the end of 2018, Georgian banking sector employed 24,998 people, the magazine reports with reference to National Bank of Georgia. If compared with 2017, the staff size has increased by 145 persons.


agriculture & food

    FORBES GEORGIA: “IN TERMS OF WINE EXPORT’S GROWTH RATE, GEORGIA IS IN GLOBAL FIVE”

    July 16, 2019 - In terms of wine export’s growth in 2000-2016, Georgia was on the 5th place in the world, the magazine reports, referring to data of the American Association of Wine Economists (AAWE). For the mentioned period, cumulative growth of Georgian wine export made up 291%.


    REZONANSI: “MARMORATED STINK BUG IS COMPLETELY TURNED UNDER CONTROL AND ITS POPULATION CONSIDERABLY DECREASED”

    July 16, 2019 - Georgia’s First Deputy Minister of Environmental Protection and Agriculture Gela Khanishvili declares that “program against marmorated stink bug [the pest, Halyomorpha halys] is successfully implemented in 2019”. “The marmorated stink bug is completely turned under control”, he assures, pointing that “the works, conducted in the last year, were of great importance, resulting in appearance of less marmorated stink bugs this year”.


construction

    FORBES GEORGIA: “HOUSE IN THE CITY BY THE SEA – RESEARCH OF BATUMI REAL ESTATE SECTOR”

    July 15, 2019 - Research, conducted by TBC Capital, indicates that number of real estate transactions in Batumi increased for the last 2 years by 63%. Out of total sold apartments, 60% are located on New Boulevard.


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