Economic Press Monitor June 21 - 27, 2020	Days:  13 20 27 18 25

economic & politics

BANKEBI DA FINANSEBI: “RULE OF GAMING TAXATION IS AMENDED”

June 22, 2020 - Georgian Parliament considers in accelerated mode amendments to rule of gaming taxation, the newspaper reports.

In particular, holders of permissions on arrangement of incentive draws will be released from obligation of presentation of declaration and they will pay fee, making up 10% of a prize fund, prior to start of a draw.




TABULA: “AMONG VICTIMS OF JUNE 20-21, ONLY 8 CITIZENS AND 67 LAW ENFORCEMENT OFFICERS HAVE THE STATUS”

June 22, 2020 - In a year after protest action of June 20, Georgian Prosecutor’s Office recognized as victims only 8 citizens, while applying the status to 67 law enforcement officers, Tabula reports.

As the article indicates, among over 260 people, injured at the action, more than 160 are civilians (including 38 journalists) and 80 law enforcement officers.

companies

FORBES GEORGIA: “NEW PROSPECTS OF IMPLEMENTATION OF INDUSTRIAL PROJECTS IN FIZ OF “HUALING””

June 22, 2020 - Soso Nibladze, executive director of free industrial zone (FIZ) of Chinese Hualing, declares about readiness to offer infrastructure “with unprecedented privileges” to businessmen or entire manufacturing sector. FIZ, located on territory of former Kutaisi automobile plant, occupies area of 36 ha.

international cooperation

FORBES GEORGIA: “ECONOMIC DAMAGE, INFLICTED BY COVID-19 CRISIS AND SUPPORT OF THE EU BANK”

June 22, 2020 - Author of the article (Maciej Czura, regional representative of European Investment Bank (EIB) for the South Caucasus) considers that Georgia “represents a sample of prudent and successful management of COVID-19”.

However, because of COVID-19, tourism and related activities were frozen practically at once, while accounting for over 30% of Georgia’s GDP and for 45% – of export, the author specifies.