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Economic Press Monitor


September 2, 2014

IN THIS ISSUE:

1. MINISTRIES FULL OF ADVISERS
2. THE OLD TENDERS’ IMPACT ON THE NEW GOVERNMENT
3. 10 BANKS APPROPRIATED PROPERTY OF 86M LARI IN 2 QUARTERS

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1. MINISTRIES FULL OF ADVISERS
Economic & Politics

Large advisory team of the Prime Minister often became subject of public discussion. For example, staff of the government’s Economic Council numbers 41 employees, while there are defined 3 categories of advisors.

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2. THE OLD TENDERS’ IMPACT ON THE NEW GOVERNMENT
Economic & Politics

Tbilisi City Hall decided to suspend 31 infrastructure projects with total value of 26 million lari. New tenders will be announced in near future.

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3. 10 BANKS APPROPRIATED PROPERTY OF 86M LARI IN 2 QUARTERS
Finances & Banking

Out of 21 Georgian banks, 10 ones have reported appropriated borrowers’ movable and immovable property of 86.39 million lari. At that, Sakartvelos Banki (Bank of Georgia) accounts for 62.9 million lari.

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Exchange Rates (NBG)
  04/26/24 + / -
  USD   2.6760   0.0099
  EUR   2.8713   0.0091
  RUR   2.9096   0.0049
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