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Daily Archives: January 21, 2015

EXCHANGE RATE MONITORING 01.01.2015-16.01.2014

GEL Exchange Rate Depreciates Step by Step The New Year has started with depreciation in the GEL exchange rate. From January 1 to January 16 the GEL exchange rate against USD shrank by 2.6% to 1.9434 point, while from January 12 to January 16 the rate declined by 1.2% to …

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ECONOMY IN 2015

We presume that despite the existing challenges in the region, Georgia’s economic growth will reach 5% in 2015,  Georgia’s PM Irakli Gharibashvili said at the Georgia-Estonia Business Forum. Georgia’s economic growth is expected to reach 5% in 2014-15, but the forecast is subject to risks, the International Monetary Fund (IMF) …

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What is the point of Davos?

What do Angela Merkel, Prince Andrew, Al Gore and Pharrell Williams have in common? The answer is that they are all expected in Davos, Switzerland, later this week for the annual gathering held by the World Economic Forum. While the German Chancellor will no doubt give delegates her views on …

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Eating Customs Travelers Should Know

When traveling the world, you’re going to encounter many a delectable treat — some you’re familiar with, and some you’ve never seen the likes of before. And since we’re not too keen on exposing ourselves as tourists, we’d rather brief ourselves on the local eating customs beforehand than get stuck …

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Armenia experiencing increase in construction through foreign loans

International financial organizations have provided AMD 33 billion 246.9 million for construction in Armenia through the period between January and November of 2014. According to the statistics of the National Statistical Service, the indicator has risen by 15.2 percent compared to last year. Reportedly, half of the funding provided for …

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Davos Day 1: The Agenda

10am CET (9am GMT): Al Gore and Pharrell Williams on Climate Action 10.30am: A debate on whether markets are mispricing political risk, including economist Nouriel Roubini and leading investor Paul Singer 11.15am: Press conference on climate change and growth, including Lord Stern, Paul Polman of Unilever, and Mexico’s president Felipe …

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Starbucks launches wireless charging in UK shops

Users will be able to charge their mobile phones wirelessly in 10 Starbucks cafes in the UK by the end of the month, the chain has announced. The free service follows a pledge in the US to follow up a similar service in San Francisco with a national roll out …

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Davos: More women in 2015–but don’t get excited

There will be more women at this year’s gathering of the global business and politics elite in Davos, after a controversial fall in female delegates in 2014. Last year, the proportion of female attendees dropped for the first time in the meeting’s history, to just 15 percent. In 2015, according …

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