Fall in Pension purchasing power
By Messenger Staff
Tuesday, February 15The general opinion of analysts is that the purchasing power of the pension in Georgia has decreased by 20-25% in 2010 which means that 90 GEL pension could buy around 75 GEL worth products. And at the same time with high inflation it is not clear whether the pension will stay at the same level or be cut again. Georgia has the lowest pension and highest pension age among its former soviet neighbours. In Georgia the pension is around USD 48; in Armenia USD 65, in Azerbaijan USD 107 and in Russia USD 220. In reality the Georgian pension is far less than the minimum living wage.