Economic Press Monitor
October 22, 2014
IN THIS ISSUE:
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| 1. |
FORMER MP AND BUSINESSMAN HAS BECOME A VICTIM OF FRAUD
Conflict and Court
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The article reports on case of Tamaz Daushvili, former MP and former owner of Ioli Group, who claims that he has become a victim of fraud. Daushvili says that he owned area of 1,760 square m on Marshal Gelovani Avenue in Tbilisi, where David and Akaki Enukidze had offered him to built 15-story residential complex in 2007.
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| 2. |
WHERE INVESTORS FROM ISRAEL WILL INVEST IN GEORGIA
International Cooperation
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Itzik Moshe, head of Israeli-Georgian Business Chamber declares that 2 hotels in Tbilisi, 2 agricultural processing plants and one hi-tech enterprise will be build with Israeli investments. Agreement on these 5 projects was signed within the frame of Georgia-Israel Business Forum, he says.
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THE GOVERNMENT’S SALARY GROWTH IN COMPARISON WITH PENSION INCREASE
Macroeconomics & Budget
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Practice of several past years shows that growth of public employees’ salary was much more important for Georgia’s authority than increase of pensions, the newspaper states. According to data, brought in the article, 1.136 billion lari was spent for public employees’ salaries in 2011 (according to consolidated budget), while 987.32 million lari was issued as pensions.
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