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Economic Press Monitor


July 9, 2014

IN THIS ISSUE:

1. PAWN SHOPS – 1,031 OUTLETS FOR POPULATION’S ROBBERY
2. POTATO’S QUALITY – HOW EU ASSISTS GEORGIA?
3. GIGI UGULAVA HAS MISSPENT 15 MILLION LARI FROM THE BUDGET

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1. PAWN SHOPS – 1,031 OUTLETS FOR POPULATION’S ROBBERY
Finances & Banking

According to the latest data, there are 1,031 pawnshops registered in Georgia. In 2013, total assets of these companies amounted to 340 million lari, of which 91.5% accounted for issued loans, 4% – for cash, while remained part was banking deposits, etc.

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2. POTATO’S QUALITY – HOW EU ASSISTS GEORGIA?
Agriculture & Food

Zurab Lipartia, head of phyto-sanitary department at National Food Agency, declares that Georgia’s rapprochement to EU in terms of phyto-sanitary and food safety has already started. For example, if quality of potato on local market was unknown until now, control on it is imposed not only on borders, but on domestic market also.

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3. GIGI UGULAVA HAS MISSPENT 15 MILLION LARI FROM THE BUDGET
Economic & Politics

The newspaper reports that State Audit Service has handed over to Prosecutor’s Office materials, which will increase gravity of charges for Gigi Ugulava, former mayor of Tbilisi. These materials are related to period of 2006-2010.

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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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