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Daily Archives: January 28, 2015

Nobel Winner Shiller Joins Pimco in Saying Buy Greek Assets

Bloomberg) — Investors who have wiped 15 percent off the value of Greek stocks since voters elected a government determined to renegotiate the country’s debts may be overreacting, according to Nobel Prize-winning economist Robert Shiller. “Investing in Greece right now just might not feel right,” the Yale University economist said …

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Georgia ranked 22 on Index of Economic Freedom

Georgia’s economic freedom score is 73.0, making its economy the 22nd freest in the 2015 Index. Its overall score has increased by 0.4 point since last year, primarily reflecting improvements in freedom from corruption, monetary freedom, and the management of government spending that outweigh a notable decline in labor freedom. …

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Georgia preparing to host European Weightlifting Championships

The European Weightlifting Championships will be held in Tbilisi, Georgia on April 11-18. Tbilisi will host such a large-scale tournament for the first time. The tournament will be held at Tbilisi Sport Palace. It is a unique chance to develop weightlifting in Georgia, Kakhi Kakhiashvili, the head of the organizing …

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Georgians Fleeing from Eastern Ukraine

Because of the events in Ukraine’s  eastern region, many Georgians residing there  are living the country, returning  home or in Russia or are moving  to safer areas of the country – “Commersant”  was told by a footballer Mikheil  Potskhveriya, recently arrived in Georgia from Lugansk. He previously played in the …

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Gov’t may Impose Price Ceiling for Pharmaceutical Companies

The government will possibly intervene in pricing in a case of catastrophic price hikes for  drugs. According to  Deputy Minister of Health Valery Kvaratskhelia, medications from the dollar zone as well as from Russia and Belarus have risen  in price. And if the price of medicines increases dramatically and the …

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Transportation Companies may Withdraw from the Market

Transportation companies face a danger of disappearing from the market. Director of Georgian Trans Expedition  LTD  David Davitidze says that a current situation in  the business strikes blow to  the country’s economy and the sector as a whole. According to  Davitidze,  when competition is limited, it leads to  low quality …

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Georgia to create special institution for export promotion

A special institute will be created in Georgia in order to promote export, Economy Minister Giorgi Kvirikashvili said Jan.28 after the meeting of the prime minister with members of the economic team of the government. The meeting was also attended by the head of the National Bank of Georgia Giorgi …

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Henkel Already in Georgia

German Henkel is building a factory in Gardabani municipality. According to the local authorities, a total of 6 million euros will be invested in the construction of the company’s first adhesive building materials factory  in the South Caucasus. The governor says that the locals will be employed at the plant …

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New Georgian Ski Resort Tetnuldi to be open in 2015

Soon one more worldwide level mountain-skiing resort ”Tetnuldi” will appear in Georgia. The longest and the biggest steepest skiing path in Transcaucasia will be built in Tetnuldi. The mountain resort will be open during all the seasons. It will be able to go in for mountaineering , skiing, snowboarding, rafting, …

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