Georgian English Russian Main Register Company Partners Feedback
Sarke Information Agency
Georgian/English/Russian Menu

Daily News
Economic Press Monitor
Special Report
 


Economic Press Monitor


January 20, 2020

IN THIS ISSUE:

1. INVENTORY OF “SHADOW ECONOMY” IS TO START
2. “RMG” HOLDING OF RUSSIAN BILLIONAIRES
3. TAMAR ZHVANIA GOT 800,000 LARI IN 2013-2019, OF WHICH 300,000 WERE BONUSES AND SUPPLEMENTS
4. INSURANCE SECTOR FACES UNSOLVED CHALLENGES – LAW ON OBLIGATORY INSURANCE “GOT STUCK” IN THE PARLIAMENT

Full text is not available for the guests. Please, login, if you already have account, or register to get one.


1. INVENTORY OF “SHADOW ECONOMY” IS TO START
Macroeconomics & Budget

This year, Sakstat plans to conduct study of not observed economy in two sectors – education and real estate.

Georgian statistics service considers that volume of not observed, i.e. shadow economy in these two sectors (activity of private tutors and apartments leasing) can be quite big, while total share of shadow economy can reach about 13%, the article specifies.

Back to the Headlines


2. “RMG” HOLDING OF RUSSIAN BILLIONAIRES
Companies

Referring to reporting of RMG Gold (precious metal mining), the magazine reports that income of the company in 2018 amounted to 209.95 million lari. If compared with 2017, the volume has increased by 5.1%.

Back to the Headlines


3. TAMAR ZHVANIA GOT 800,000 LARI IN 2013-2019, OF WHICH 300,000 WERE BONUSES AND SUPPLEMENTS
Economic & Politics

Media project Detector of Wastes reported that chair of Georgian Central Election Commission Tamar Zhvania received 798,602 lari as compensation in 2013-2019. Out of this sum, 299,000 lari were bonuses and supplements.

Back to the Headlines


4. INSURANCE SECTOR FACES UNSOLVED CHALLENGES – LAW ON OBLIGATORY INSURANCE “GOT STUCK” IN THE PARLIAMENT
Economic & Politics

Devi Khechinashvili, chairman of board at Georgian Insurance Companies Association, says that fate of the law “On Car Owners’ Liability Insurance” is still unclear.

The bill of obligatory liability insurance of car owners was submitted in the country’s Parliament at the end of 2018, but even its consideration is not started yet, the newspaper notes.

Back to the Headlines


Exchange Rates (NBG)
  04/26/24 + / -
  USD   2.6760   0.0099
  EUR   2.8713   0.0091
  RUR   2.9096   0.0049
Get News in Brief by e-mail
Get daily News in Brief on your e-mail for free!
Announcements
Dear readers,

We wish you Happy New Year! Let 2024 be a year of peace, prosperity and happiness for all of you.

We are leaving for New Year holidays, so our site will resume updates on January 8.

Glory to Ukraine!

Sincerely,

Sarke Information Agency


© 2024 Sarke Information Agency