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Daily Archives: January 5, 2015

Businessman Anzor Kokoladze Predicts Economic Crisis in Georgia in Spring

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The country will face an economic crisis in the spring. Techno Boom founder Anzor  Kokoladze told “Commersant”. According to him, the country has a difficult situation from economic and political point of view which naturally will affect the business. Kokoladze notes that  the country expects a difficult spring, it will …

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Georgian Wines among 9 Best Wines and Spirits to Start Drinking in 2015

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A  recent issue of American ForbesLife magazine in its lifestyle section’s “The 9 Best Wines and Spirits to Start Drinking in 2015” by Adam Morganstern has mentioned the Georgian wines: The country of Georgia may not be familiar to the average wine drinker, but evidence suggests they’ve been making wine there longer …

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The Census Showed a Trend of Population Decline

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An interview with the Head of Population Census and Demography Division of the National Statistics Office of Georgia Paata Shavishvili As reported, the final results of the census will be published ina year and a half but preliminary data – in April 2015. What can be said on the results …

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President of Insurance Association Assessing 2014

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Devi Khechinashvili, President of Insurance Association, asses the past year for the industry and talks about the favorable events that would transform the sector in Georgia, such as obligatory insurance policy. As of today, corporate insurance is the only driving force in this sphere. Talks of motor third party liability (MLTP) …

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First test train launched within BTK project

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The first test train has been launched on the Akhalkalaki-Kartsakhi section in Georgia’s territory within the Baku-Tbilisi-Kars (BTK) railway project, a message posted on the website of Azerbaijan’s Transport Ministry said on Dec.30. “The testing went successfully, and the train was brought to the border station. The road on this …

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Georgia’s total external debt slightly drops in 9 months

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Jan. 02–Georgia’s total external debt decreased by 0.3 percent in Jan.-Sept. 2014 and exceeded $13.142 billion. The country’s National Bank said that this figure is 19.7 percent more than the real GDP of Georgia in the first nine months of 2014 and accounts for 78.9 percent of the country’s forecasted …

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