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Economic Press Monitor


June 2, 2023

IN THIS ISSUE:

1. UKRAINE PUT “GEORGIAN AIRWAYS” AND GAIASHVILI ON LIST OF SUBJECTED TO SANCTIONS
2. EPRC PUBLISHES RESEARCH “GEORGIA’S ECONOMIC DEPENDENCE INDEX”
3. NEW REGULATIONS ENTER IN BREAD PRODUCTION – CHAIRMAN OF BREAD PRODUCERS ASSOCIATION EXPLAINS WHAT REQUIREMENTS THE PRODUCER SHALL MEET

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1. UKRAINE PUT “GEORGIAN AIRWAYS” AND GAIASHVILI ON LIST OF SUBJECTED TO SANCTIONS
Economic & Politics

Ukraine put Georgian carrier Georgian Airways and its founders Tamaz and David Gaiashvili on the list of subjected to sanctions. Since May 20, Georgian Airways conducts flights to Moscow.

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2. EPRC PUBLISHES RESEARCH “GEORGIA’S ECONOMIC DEPENDENCE INDEX”
Economic & Politics

Research, conducted by Economic Policy and Research Center (EPRC), show that between 2007 and 2022, the index of Georgia’s economic dependence on authoritarian regimes increased by 20 percentage points. In particular, this index in 2007 made up 11%, while in 2022 – 30.9%.

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3. NEW REGULATIONS ENTER IN BREAD PRODUCTION – CHAIRMAN OF BREAD PRODUCERS ASSOCIATION EXPLAINS WHAT REQUIREMENTS THE PRODUCER SHALL MEET
Agriculture & Food

Since June 1, having Hazard Analysis and Critical Control Points (HACCP) system becomes obligatory to all business operators in Georgia, engaged in production, processing, selling of food.

Georgian National Food Agency specifies that new regulation is extended to such business operators, as food shop; bakery production; production of vegetable oil, mayonnaise, margarine; production and realization of baby food; trade in milk and dairy products; selling of fruits and vegetables; selling of honey; etc.

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Exchange Rates (NBG)
  04/29/24 + / -
  USD   2.6835   0.0075
  EUR   2.8762   0.0049
  RUR   2.8785   0.0311
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