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Economic Press Monitor

April 24 - 30, 2022

Previous Issues:  Days: < 16 23 30 07 14 > 

 

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economic & politics

    BANKEBI DA FINANSEBI: “PREMIER – OUR PRINCIPLED POSITION IS THAT THE AUTHORITIES WILL NOT ALLOW ILLEGAL, UNLAWFUL ACTIVITIES ON THE TERRITORY OF GEORGIA BY ANY SANCTIONED PERSON”

    April 28, 2022 - Georgia’s Prime Minister Irakli Garibashvili assures that “the Georgian authorities will not allow illegal, unlawful activities on the territory of Georgia by any sanctioned person”. “This is our principled position, which will not be revised”, he declared to journalists.


    NETGAZETI.GE: “THERE IS NOT MEANT “WHEAT”, THE MATTER CONCERNS MONEY – TSISKARISHVILI ABOUT THE RECORDING”

    April 27, 2022 - On April 25, an audio recording, dated of March, was published on YouTube, the authenticity of which has not been established, where, probably, billionaire founder of Georgian Dream Bidzina Ivanishvili and Russian billionaire Vladimir Yevtushenkov are talking.

    In the recording, Yevtushenkov, who is in the UK sanctioned list because of Russia’s war in Ukraine, says that he has an idea that “David” will tell Ivanishvili and it concerns “grain”.


    TABULA: “GEORGIA WILL RECEIVE $35M FROM THE US TO STRENGTHEN ITS DEFENSE”

    April 27, 2022 - Representative of the US State Department declared that Georgia will receive $35 million from the US to strengthen its defense.

    Out of total foreign military financing (FMF) of $713 million, $322 million is allocated to Ukraine.


    NETGAZETI.GE: “HAS GARIBASHVILI MET WITH A REPRESENTATIVE OF A BRITISH-SANCTIONED RUSSIAN OLIGARCH?”

    April 26, 2022 - Audio recordings have appeared on YouTube, where Bidzina Ivanishvili, billionaire founder of ruling Georgian Dream, and Russian billionaire Vladimir Yevtushenkov, major owner of AFK Sistema, allegedly talk.

    According to the records, dated March 10 and 13 of this year, the authenticity of which has not been established, representative of Yevtushenkov met with Georgia’s Prime Minister Irakli Garibashvili, Netgazeti.Ge reports.


macroeconomics & budget

    TABULA: “MONEY WAS PAID FOR EMPTY BEDS, STAFF DID NOT GET PAY RISE – MINISTER ON COVID CLINICS”

    April 28, 2022 - Zurab Azarashvili, Georgia’s Minister of IDPs from Occupied Territories, Labor, Healthcare and Social Protection, declared that out of hospital beds, mobilized during 2 years of the COVID-19 pandemic, the state paid for empty beds in at least 40%.

    “In total, 1 billion lari was paid to the clinics”, and “the clinics should have been able to switch to a normal operation timely”, the Minister said.


    FORBES GEORGIA: “INFLATION IN GEORGIA AND IN THE WORLD – MARCH-APRIL”

    April 26, 2022 - Referring to tradingeconomics, the magazine reports that in terms of annual inflation, recorded in March – 11.8%, Georgia ranks 35th among 178 countries.

    Venezuela is on the 1st place with inflation of 284%.


energy, oil & gas

    REZONANSI: “ABRUPT PRICE RISE AND EVEN SHORTAGE OF ENERGY CARRIERS IS EXPECTED”

    April 29, 2022 - World Bank forecasts that because of Russia’s war in Ukraine, global prices on energy carriers will rise by 50% in 2022.

    Nika Shengelia, vice president at Research and Forecasting Center, indicates that interruptions in energy supplies are emerging, some even exist already.


    BANKEBI DA FINANSEBI: “IN 2015-2021, INVESTMENTS OF $219M WERE MADE IN EXPLORATION AND EXTRACTION OF OIL AND GAS”

    April 29, 2022 - Currently, 10 investors are exploring and extracting oil and gas in Georgia. Georgian Oil and Gas Agency reported that in 2015-2021, these companies have invested $219 million.


transport & communications

    BANKEBI DA FINANSEBI: “PARKING A CAR ON A SIDEWALK WILL BE SUBJECTED TO IMMEDIATE EVACUATION”

    April 28, 2022 - Legislative initiative, being put forward by faction of ruling Georgian Dream in the Georgian Parliament, envisages immediate evacuation of a car, parked on a sidewalk. At that, municipality is authorized to determine the places and conditions for taxis’ movement in the bus lane, etc.


agriculture & food

    REZONANSI: “BREAD PRICE GROWTH HAS ALREADY STARTED! – THE PRICE ROSE EARLIER THAN EXPECTED”

    April 27, 2022 - Malkhaz Dolidze, chairman of Georgian Bread Producers Association, declared that price of Georgian bread, produced in small bakeries, has increased, but factory bread, produced in large bakeries, has not risen in price yet. Dolidze had forecasted a rise in price of bread by 20 tetri in May.


    REZONANSI: “BREAD WILL RISE IN PRICE FROM MAY! – WILL CURRENT PRICE BE MAINTAINED ONLY FOR SOCIALLY UNPROTECTED?”

    April 26, 2022 - Malkhaz Dolidze, head of Georgian Bread Producers Association, says that bread in Georgia will rise in price by 20 tetri from May. Probably, a subsidy will be enacted for socially unprotected, he suggests.


construction

    REZONANSI: “REPLACEMENT OF EMERGENCY BUILDINGS WILL BEGIN THIS YEAR FROM SAMGORI”

    April 29, 2022 - There are about 10,000 buildings in Tbilisi with varying degrees of emergency, the newspaper reports. This year, 20 million lari will be spent on the program of emergency homes replacement in the capital.


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