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Monthly Archives: January 2015

Unlike Wine, Georgian Cognac Exports to Russia not been Suspended

Unlike Georgian wine, Georgian cognac exports to Russia have not been suspended. Cognac companies claim that demand for Georgian cognac is high in Russia. Wine companies inform “Commersant” that they have suspended exports of wine to Russia, but George Sharvashidze, JSC Sarajishvili Commercial Director, says that the export of cognac …

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Gov’t Plans to Implement more than 10 Major Projects

The government of Georgia  intends to implement more than 10 major projects in the current year. Minister of Economy and Sustainable Development told  The Financial  that in 2015 artificial lakes would be constructed together with a biathlon track in line with ski resorts. Together with private investors the Government will …

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GEORGIA ON EU MARKET – REPORT ON GERMANY

Germany is one of the oldest members of the European Union (since 1952) and Georgia’s one of the major trade partners among EU countries. According to the 2013 report, Germany ranks 11th among Georgia’s major exports markets with a 2.5% ratio. At the same time, Germany ranks 6th among Georgia’s …

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10 percent of medicine rises in price in Georgia

Some 10 percent of medicine rose in price in Georgia, Georgian Deputy Health Minister Valeri Kvaratskhelia told the Georgian media. He said that the medicine obtained from the dollar area, as well as from Russia and Belarus, rose in price. “At present, this concerns a small volume of medicine, although …

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EU discusses new sanctions against Russia today

The European Union’s foreign ministers meet today to discuss fresh sanctions against Russia, following an escalation of the war in eastern Ukraine. The renewed offensive by Russian-backed rebels has killed dozens of civilians, many in Mariupol, a port on the Azov Sea. Vladimir Putin has made clear his view that …

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50 Words Your Press Release Can Do Without

The press release can be one of the most powerful tools in a communicator’s kit. A well-written release informs the media about your products or services and can lead to greater exposure for your brand. Too often, however, press releases get bogged down by insider jargon, techno-babble and overused corporate …

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30 Top Cities for Real Estate Investment

Global direct real estate investment returned to pre-recession levels in 2014 and should reach about $1 trillion annually within five years. Driven by a strengthening global economic environment, last year’s total direct investment in real estate is estimated at $700 billion – a level not seen since 2006, before the …

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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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