Economic Press Monitor
February 15, 2019
IN THIS ISSUE:
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| 1. |
KHUKHASHVILI ON “TBC”: APPLICATION OF SANCTIONS WITH 11-YEAR DELAY IS UNCONVINCING, SOMETHING STINKS VERY MUCH
Conflict and Court
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Political scientist Gia Khukhashvili indicates that National Bank of Georgia (NBG) has operative access to all banking transactions, and application of sanctions with 11-year delay “looks unconvincingly”. At that, Khukhashvili asks: “Who is affected party?”.
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| 2. |
KHAZARADZE SPEAKS ABOUT ANAKLIA PORT AND IS NOT GOING TO LEAVE “TBC”
Conflict and Court
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Chairman of supervisory council of TBC Bank Mamuka Khazaradze commented in Facebook on demand of National Bank of Georgia (NBG) on resignation of him and his deputy Badri Japaridze. Khazaradze declares that he is not going to leave TBC, Netgazeti.Ge reports.
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| 3. |
VERY IMPORTANT DECISION – “SALE” OF CONSTRUCTION COEFFICIENTS IS PROHIBITED
Construction
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Tbilisi Mayor Kakha Kaladze declared that “very important decision” is made, in particular “raise of coefficients and sale of K2 coefficient [intensity of development] will be suppressed”. The mentioned practice was acted since 2005.
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| 4. |
SPECULATIONS THAT MONEY IN THE PENSION FUND LAY, ARE LOST OR UNDERGO INFLATION, IT IS NOT SO
Economic & Politics
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Georgia’s Finance Minister Ivane Machavariani says that staffing of investment council of the Pension Agency will be completed in next few months. In turn, investment of funds in investment projects could start until end of the year, he points.
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