The one-week visit of Christian Danielsson, personal Envoy of President of the European Council Charles Michel, ended in vain. Danielsson left Georgia. After the failure of the ongoing negotiations between the opposition parties and the government, the opposition announced an action plan yesterday. The opposition side will go into emergency mode. According to the opposition leaders, they will gather again on May 15 on Rustaveli Avenue. The political crisis continues in Georgia.
Positive steps are not observed in the country's economy either. Some of the restrictions imposed due to the pandemic are still in force, including the "curfew". The business is demanding lifting of curfew, but to no avail.
COVID-19 vaccination rollout was not successful yet. The process has become more complicated after the accident in Akhaltsikhe; while the most important is keeping the rapid pace of vaccination, otherwise, the country will not be able to return to normal life for a long time. Restrictions and another "lockdown" will be difficult to overcome for Georgia, which is already in a deep economic crisis.
TOP 10 in the Economy Last Week (March 15-20):
1. Monthly salary in Georgia amounted to 1,314 GEL in Q4;
2. The amount of money transfers was 17.5% up in February comparing to the same period of the last year;
3. Foreign trade in February- January, 2021;
4. The NBG raised monetary policy rate to 8.5%;
5. What are the projections for gasoline and diesel fuel prices?
6. Electricity consumption down by 5% in February, while the imports up by 32%;
7. Merged Ministry of Culture and Sports with a budget of 300.7 million;
8. On April 12, the Government of Georgia will have to repay $ 500 million in 10-year Eurobonds;
9. Joint Report on the Georgian Healthcare Sector by the Curatio International Foundation and Galt & Taggart;
10. The EU’s financial assistance of 75 MLN EUR depends on the implementation of reforms.
