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Economic Press Monitor

April 22 - 28, 2018

Previous Issues:  Days: < 31 07 14 21 28

 

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economic & politics

    TABULA: “SAAKASHVILI: “UNM” WILL BEGIN ACCOUNTING OF UNFAIR BANKING DEBTS FROM MAY”

    April 23, 2018 - Ex-president of Georgia Mikheil Saakashvili considers that “first of all, entry of banks in non-core businesses has to be forbidden”. Also, interest rates for overdue credits have to be “sharply limited” and “upper limits have to be set for banking rates”, he writes on own Facebook page.


    FORBES GEORGIA: “THE US STATE DEPARTMENT ESTIMATES GEORGIA’S MEDIA ENVIRONMENT”

    April 23, 2018 - Country Report on Human Rights Practices for 2017 of the US State Department indicates the increased concern of non-governmental organizations, journalists and international community regarding media pluralism in Georgia.

    In this context, the report points at amendments to law “On Public Broadcaster”, as well as at merger of three TV channels (Imedi, Maestro and GDS) in single holding, the magazine says.


    FORBES GEORGIA: “WE NEED GLOBAL VISION”

    April 23, 2018 - Problems, which hamper our economy to develop more quickly, steady and that is the most important, inclusively, are of more deep, global, fundamental and institutional character than daily problems, considers Irakli Kovzanadze, chairman of the Parliament’s Fiscal Committee.

    In his opinion, published in the magazine, Kovzanadze marks several problems.


macroeconomics & budget

    FORBES GEORGIA: “HOW MUCH “SHADOWY” GEORGIA’S ECONOMY IS – ANSWER OF THE IMF”

    April 24, 2018 - Head of the IMF mission Mercedes Vera-Martin estimates that by data of 2015, share of “shadow economy” in Georgian GDP makes up about 10%. However, this does not include share of informal economy, she notes.


companies

    REZONANSI: “FRENCH COMPANY “ORANGE GROUP” MIGHT ACQUIRE “SILKNET””

    April 24, 2018 - Ucha Seturidze, executive director of Association of Small and Medium Telecom Operators, declares that there is assumption that French Orange Group plans acquisition of SilkNet.

    Seturi points in confirmation to plans of cooperation between SilkNet and Sofrecom (subsidiary of Orange Group).


    FORBES GEORGIA: “DIFFERENT VIEW”

    April 24, 2018 - While commenting on future plans in an interview to the magazine, founder and executive director of Alliance Group Holding Ayet Kukava declares: “We want to hold the largest financial and leasing conference “Leaseurope” in Georgia”. “Such [conference] was not held not only in Georgia, but even in Eastern Europe”, he notes.


finances & banking

    REZONANSI: “THE TIME OF USURERS CAME TOO – NATIONAL BANK WORKS ON THEIR REGULATION”

    April 24, 2018 - National Bank of Georgia (NBG) prepares for steps on introduction of regulation for private usurers, the newspaper writes. However, NBG itself declares that they do not know yet, how could be turned this market in framework of regulations.


    KVIRIS PALITRA: “WHAT RESTRICTIONS WILL BE SET TO PAWNSHOPS”

    April 23, 2018 - In 2017, balance profit of pawnshops made up 47.6 million lari, of which 73.1% was share of Tbilisi, the newspaper reports. As the article says, the authorities work on introduction of restrictions for pawnshops.


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  04/23/18 + / -
  USD   2.4488   0.0086
  EUR   2.9944   0.0073
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