Economic Press Monitor
May 31, 2016
IN THIS ISSUE:
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| 1. |
AFTER ELECTIONS, ISSUE OF BIG HYDROELECTRIC STATIONS WILL BE SURGED UP
Energy, Oil & Gas
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Until there is pre-election period, the government speaks less about issue of hydroelectric stations. Everyone fears to make population angry, especially when the matter concerns KhudonHES, which construction is objected by local residents, the newspaper states.
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| 2. |
MAJORITY OF FAMILIES “GOES IN MINUS”
Macroeconomics & Budget
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According to data of Sakstat for 2015, monthly income of one person amounts to 284.5 lari on average, while income of one family – to 1,022 lari. At that, monthly spending of one household makes up 1,004 lari, while per capita – 279.6 lari.
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| 3. |
WHAT PART OF GEORGIAN POPULATION LIVES IN POVERTY?
Macroeconomics & Budget
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Showing of poverty, registered in Georgia in 2015 (i.e. share of beneficiaries of state allowance), made up 10.1%, i.e. every 10th person is poor, the magazine writes. According to the mentioned showing, poverty in 2014 made up 11.6%, in 2012-2013 – 9.7%.
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| 4. |
$5 OR $6 BILLION – IVANISHVILI INCORRECTLY SPECIFIES SIZE OF CO-INVESTMENT FUND
Economic & Politics
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In his open letter, ex-premier Bidzina Ivanishvili speaks, in particular, about Co-Investment Fund, established by his initiative, but makes a mistake, while specifying capital of own Fund, the magazine points. “By my initiative, Co-Investment Fund was established, which has already mastered large part of announced $5 billion”, the letter states.
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