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Economic Press Monitor


March 24, 2017

IN THIS ISSUE:

1. “R2” TEAM: WE REFUSE KARAMANISHVILIS’ PROPOSAL, GIVE US “SAKARTVELO”!
2. SERGEENKO ON UNEMPLOYMENT COMPENSATION: OPTIMAL AND REALISTIC MODEL IS NECESSARY
3. TOP 20 MOST ACTIVE COMPANIES IN MEDIA SPACE
4. LOANS OF $40M CONVERTED TO LARI IN “TBC BANK”

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1. “R2” TEAM: WE REFUSE KARAMANISHVILIS’ PROPOSAL, GIVE US “SAKARTVELO”!
Companies

Staff of Rustavi-2 broadcasting company rejected proposal of Karamanishvili brothers, owners of 91% in the company, regarding handing over of 40% to them.

In turn, director of the broadcasting company Nika Gvaramia made a counter-offer, asking Karamanishvili brothers to hand over LLC TV Company Sakartvelo, that holds 51% in Rustavi-2.

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2. SERGEENKO ON UNEMPLOYMENT COMPENSATION: OPTIMAL AND REALISTIC MODEL IS NECESSARY
Economic & Politics

Labor, Healthcare and Social Protection Minister David Sergeenko confirms that negotiations are held with trade unions concerning unemployment compensation.

“We should adopt the model, which will be optimal and realistic”, the Minister says, pointing that works and consideration of this issue is constantly underway in the Ministry.

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3. TOP 20 MOST ACTIVE COMPANIES IN MEDIA SPACE
Companies

Referring to data of IPM Research media monitoring unit, the newspaper publishes top 20 of companies, which are most frequently covered in media. The monitoring covers the first half of February.

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4. LOANS OF $40M CONVERTED TO LARI IN “TBC BANK”
Finances & Banking

Deputy director general of TBC Bank Nino Masurashvili reports that the bank has converted to lari loans of $40 million (including ones of bank Republic). This is around 53% of total loans, converted on the market, she notes.

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Exchange Rates (NBG)
  05/02/24 + / -
  USD   2.6797   0.0009
  EUR   2.8684   0.0101
  RUR   2.9172   0.0674
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