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Monopolization creates inflation, thinks analyst

By Messenger Staff
Tuesday, July 12
Professor of Economy Elguja Mekvabishvili has stated that the current high level of inflation in the country is not determined by traditional economic factors such as growth of expenditure and increase of demand over the supply or access of money in circulation. Mekvabishvili thinks that the major reason for this high inflation is the monopolization of Georgia’s economy. As it is known the European Union has several times demanded the restoration of an anti monopoly service in the country, bringing in amendments to the labour code and tighter control over the food security system. So far the state has done very little in this direction. However Mekvabishvili thinks that such moves are mainly targeted towards supporting oligarchies in the country, not the interests of the population.