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Economic Press Monitor


October 21, 2014

IN THIS ISSUE:

1. GREATE BUDGET TURN
2. FROZEN MEAT CONQUERED GEORGIAN PRODUCTION
3. “CARTU INSURANCE” WILL NO LONGER PARTICIPATE IN AGRO-INSURANCE PROJECT
4. SUCH PRICE WAS NEVER PAID TO PEASANTS FOR GRAPES

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1. GREATE BUDGET TURN
Macroeconomics & Budget

The article brings data, according to which “9-month budget has gap of 32.2 million lari only”. Experts see one of the reason of it in fulfillment of foreign liabilities’ target.

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2. FROZEN MEAT CONQUERED GEORGIAN PRODUCTION
Agriculture & Food

Georgia’s annual meat consumption makes up 55,000 t, the article reports. Of this volume, more than half is low-quality imported meat, which sometimes is considered as harmful to health, the newspaper says.

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3. “CARTU INSURANCE” WILL NO LONGER PARTICIPATE IN AGRO-INSURANCE PROJECT
Companies

The magazine reports that Cartu Insurance stopped issuing policies in agro-insurance about 3 weeks ago. As the article says, Agriculture Projects Management Agency also confirmed exit of the company from state-subsidized agro-insurance project.

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4. SUCH PRICE WAS NEVER PAID TO PEASANTS FOR GRAPES
Agriculture & Food

Chairman of National Wine Agency Levan Davitashvili says that this year’s grape harvest will exceed last year’s one by 20-30%.

At this stage, 58,000 t of Rkatsiteli (white variety), 36,000 t of Saperavi (red variety), 2,000 t of Kakhuri Mtsvane (white variety) and 1,500 t of other varieties are harvested, totaling to 134 million lari in value.

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