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Economic Press Monitor


June 29, 2016

IN THIS ISSUE:

1. ACTION PLAN OF “UNM” – TAX LIBERALIZATION AND NEW JOBS
2. UNIVERSAL HEALTHCARE AFTER ELECTIONS
3. ENVIRONMENT PROTECTION MINISTRY: HIGH RATE OF AIR POLLUTION IS NOT FIXED IN ANY OF COMPONENTS

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1. ACTION PLAN OF “UNM” – TAX LIBERALIZATION AND NEW JOBS
Economic & Politics

United National Movement (UNM) has presented its action plan, which this opposition party considers will recover the country from deep economic, political and institutional crisis.

According to the party’s initiative, income tax will be reduced to 15% and will be lowered to 10% during the next 4 years, while profit tax will be also decreased to 10% for the next 4 years.

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2. UNIVERSAL HEALTHCARE AFTER ELECTIONS
Macroeconomics & Budget

Unfair financing, weak administration and ineffective control of spending – these three claims are the most important among remarks, made regarding universal healthcare program, the magazine points.

Experts consider that in order to make healthcare program fair, the state should care about financing of medical assistance for vulnerable groups.

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3. ENVIRONMENT PROTECTION MINISTRY: HIGH RATE OF AIR POLLUTION IS NOT FIXED IN ANY OF COMPONENTS
Ecology & Health

Study, conducted by International Energy Agency (IEA) worldwide according to figures of 2012, states that in Georgia, most people per 100,000 residents die due to diseases, caused by air pollution.

However, Georgian Ministry of Environment and Natural Resources Protection assures that high rate of air pollution is not fixed in the country in any of components.

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Exchange Rates (NBG)
  04/26/24 + / -
  USD   2.6760   0.0099
  EUR   2.8713   0.0091
  RUR   2.9096   0.0049
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