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Daily Archives: February 5, 2015

Government Cuts Economic Growth Forecast

Georgian Government expects more than four percent growth of economy in 2015, Finance Minister Nodar Khaduri declaredat the government meeting  today. Yesterday the Government specified the current year’s economic growth forecast not only in Georgia but in the neighboring countries and declared that all of them would have stagnation in …

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Finance Minister Hopes Lari Stops Falling

Present market mechanisms are enough to make the GEL exchange rate stable, – stated Minister of Finance Nodar Khaduri at today’s government session. Georgia’s PM Irakli Gharibashvili expressed interest in why National Bank of Georgia had not involved in the process of stabilizing the GEL as it was planning. As …

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Georgia, Azerbaijan to mull prices for supplied gas

Georgia should immediately start negotiations with Azerbaijan to prevent the growth of prices for gas supplied to the country, Georgian Prime Minister Irakli Garibashvili said at a government meeting on Feb.5. “We need to maintain the current tariffs on gas supply to Georgia and with this purpose, it is necessary …

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EBRD and EU support “Ali and Nino” in Baku

Nigyar Kocharli is a woman on a mission, her objective to promote Azeri literature and her passion for reading. “I have always been fascinated by books because they change people’s lives,” she said, sitting in Ali and Nino, her book café in central Baku. “I used my grandfather’s furniture when …

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Mikheil Saakashvili Plans to Resume Reforms in Georgia

Former Georgian President Mikheil Saakashvili is not against leading the National Anti-Corruption Bureau, if the position is offered to him. He said this on air on Channel 5. “It’s hypothetically possible, first it’s necessary for someone suggest this to me (the post. – Ed.), but I seriously think that my team …

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Number of International Tourists Arrivals to Georgia Reduced

The National Tourism Administration explains the  reduction in  the number of tourists by  the currency crisis in Russia, Ukraine, Armenia and the difficult situation between Russia and Ukraine. The National Tourism Administration says that these data do not give reason to panic, especially when  they have alreadydeveloped   a plan of …

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Georgian economy will grow by more than 4%

Georgian Government expects more than four percent growth of economy in 2015, announced Finance Minister Nodar Khaduri at the Government’s Meeting today. Yesterday the Government specified the current year’s economic growth forecast not only in Georgia but in the neighbouring countries and declared that all of them will have stagnation …

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