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Monthly Archives: January 2015

President of Insurance Association Assessing 2014

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

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

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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World’s 400 richest get richer, adding $92bn in 2014

The 400 richest billionaires in the world added another $92 billion to their names in 2014 and now sit on assets worth $4.1 trillion, but Russia’s super-wealthy have been hit by economic problems resulting from the Ukraine crisis. The biggest winner in 2014 was China’s Jack Ma, who co-founded the …

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