Economic Press Monitor
September 30, 2022
IN THIS ISSUE:
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| 1. |
WILL REAL ESTATE IN TBILISI RAISE IN PRICE FURTHER BECAUSE OF A NEW WAVE OF RUSSIAN MIGRANTS?
Construction
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In Georgia, especially in Tbilisi, the demand for apartments has grown so much that it is no longer balanced by the supply, the newspaper says. Such a situation in the country arose after the outbreak of the Russian war in Ukraine and continues today, the article notes.
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| 2. |
NEW WAVE OF MIGRATION DID NOT HAVE A BIG IMPACT ON HOTELS AND RESTAURANTS
Tourism
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Irakli Kokaia, head of Inn Group, says that the new wave of migrants has increased the demand for hotels in Georgia. “Not in the regions, but demand in Tbilisi is evident”, he notes.
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| 3. |
PRICE OF ONE SACK OF FLOUR DECREASED BY 13 LARI – WHAT CAUSED CHANGE OF PRICE?
Agriculture & Food
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Levan Silagava, executive director of Georgian Wheat and Flour Producers Association, declared that price of wheat has declined on the world markets, and in Georgia the price of 1 sack of high-quality flour makes up 72 lari now instead of the previous 85 lari. Two factors – the so-called corridor of Ukraine (delivery of grain from the ports of Ukraine) and very reach wheat harvest in Russia caused price reduction, Silagava said, noting that the floating customs duty in Russia has also decreased significantly.
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