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Economic Press Monitor


September 20, 2019

IN THIS ISSUE:

1. THEA TSULUKIANI – OVER 37,000 PEOPLE ARE EXEMPTED FROM VERY BIG FINANCIAL BURDEN
2. BECAUSE OF REDUCED TOURISM FROM IRAN, GEORGIA LOST 260 MILLION LARI IN 2019
3. BY LABOR QUALIFICATION, GEORGIA IS ON THE 70TH PLACE IN THE WORLD
4. EBRD CONSIDERS ALLOCATION OF 50M EUR TO TBILISI

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1. THEA TSULUKIANI – OVER 37,000 PEOPLE ARE EXEMPTED FROM VERY BIG FINANCIAL BURDEN
Economic & Politics

Georgian Justice Ministry declared that penalties of 23.54 million lari will be written off for citizens. The decision applies to persons, who committed administrative offenses before January 15 of this year, the newspaper reports.

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2. BECAUSE OF REDUCED TOURISM FROM IRAN, GEORGIA LOST 260 MILLION LARI IN 2019
Tourism

In 8 months of this year, Georgia was visited by 91,858 Iranians that is by 60% less than in the same period of last year, Tabula reports.

As Tabula notes, Iranian tourists in Georgia are distinguished with high expenses.

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3. BY LABOR QUALIFICATION, GEORGIA IS ON THE 70TH PLACE IN THE WORLD
Economic & Politics

In its rating of labor qualification, the World Economic Forum (WEF) places Georgia on the 70th place among 140 countries of the world, the magazine reports. Georgia’s scoring makes up 5.3 (the best score – 7).

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4. EBRD CONSIDERS ALLOCATION OF 50M EUR TO TBILISI
Transport & Communications

EBRD considers allocation of credit of 50 million EUR for Tbilisi, the magazine reports. Funds will be allocated within the “Green City” concept.

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