The News in Brief
Thursday, June 20, 2024
Prepared by Messenger Staff
US Ambassador on Anaklia Port: Why Deepen Economic Ties with Chinese Communist Party Financing Your Occupier?
US Ambassador to Georgia Robin Dunnigan, in an interview with InterPressNews, expressed concerns about the CCCC company, which was awarded a contract for the Anaklia project by the government. She pointed out that a majority stake in CCCC is owned by the Chinese Communist Party, which she noted is the largest financier of the Russian military.
"On Anaklia, the majority of the CCCC company that the government awarded a contract to is owned by the Chinese Communist Party and the company is known to be affiliated with the Chinese military. The Chinese Communist Party is the number one financier of the Russian military today. So one question is - why deepen an economic tie with the party that is financing your occupier? Because the Russian military is being financed by the Chinese Communist Party," said the Ambassador.
Georgia's Q1 2024 GDP Growth and Sectoral Analysis: Geostat Report
In the first quarter of 2024, the National Statistics Service reported that the gross domestic product reached 18,913.2 million GEL at current prices, marking an 8.4 percent increase in real GDP compared to the same period last year. Geostat also indicated a 3.1 percent change in the gross domestic product deflator for the first quarter of 2024.
"In the first quarter of 2024, the following sectors made a significant contribution to growth: activities related to real estate (18.8 percent), education (29.1 percent), public administration and defense; Compulsory social security (13.0 percent), construction (10.3 percent), information and communication (12.2 percent), transport and warehousing (9.7 percent). A decrease was noted in the following sectors: supply of electricity, gas, steam and air conditioning (-11.6 percent), other services (-11.2 percent), mining industry (-1.8 percent). Trade (13.5 percent) and real estate-related activities (11.1 percent) have the largest shares in the sectoral structure of the GDP. The following positions are occupied by the processing industry (9.2 percent), state administration (8.3 percent), construction (7.5 percent), education (6.6 percent), financial and insurance activities (6.0 percent), information and communication (5.9 percent)," Geostat noted.
US Ambassador on Anaklia Port: Why Deepen Economic Ties with Chinese Communist Party Financing Your Occupier?
"On Anaklia, the majority of the CCCC company that the government awarded a contract to is owned by the Chinese Communist Party and the company is known to be affiliated with the Chinese military. The Chinese Communist Party is the number one financier of the Russian military today. So one question is - why deepen an economic tie with the party that is financing your occupier? Because the Russian military is being financed by the Chinese Communist Party," said the Ambassador.
Georgia's Q1 2024 GDP Growth and Sectoral Analysis: Geostat Report
"In the first quarter of 2024, the following sectors made a significant contribution to growth: activities related to real estate (18.8 percent), education (29.1 percent), public administration and defense; Compulsory social security (13.0 percent), construction (10.3 percent), information and communication (12.2 percent), transport and warehousing (9.7 percent). A decrease was noted in the following sectors: supply of electricity, gas, steam and air conditioning (-11.6 percent), other services (-11.2 percent), mining industry (-1.8 percent). Trade (13.5 percent) and real estate-related activities (11.1 percent) have the largest shares in the sectoral structure of the GDP. The following positions are occupied by the processing industry (9.2 percent), state administration (8.3 percent), construction (7.5 percent), education (6.6 percent), financial and insurance activities (6.0 percent), information and communication (5.9 percent)," Geostat noted.