The salaries of 13 major world leaders – business insider published the data. Prime-minister Lee Hsien Loong of Singapore is the world’s best paid leader. Earlier this month Russian President Vladimir Putin announced that he and almost everyone working for him would take a 10% pay cut because of mounting …
Read More »Monthly Archives: March 2015
TANAP takes Azerbaijani gas another step closer to Europe
Azerbaijan and Turkey, two countries that are not members of the EU, are currently doing much more for Europe’s energy security than many member states of the Union. Today has become extremely important for the European gas market and another confirmation of the importance of Azerbaijan in this issue. The …
Read More »Infographic-The average wage in Q4,2014
Georgia’s Finance Minister positively reviews February’s budget
Georgia’s Finance Minister Nodar Khaduri says February was a “very promising month” in terms of the country’s budget development. Khaduri announced the turnover of VAT (value-added tax) payer enterprises had increased by 15.5 percent in February, and reached 3.9 million GEL. “Since the beginning of 2015, budget payments reached 1.354 …
Read More »New support centre for disabled people planned for Tbilisi
A new centre is being built in Tbilisi to help and support people with disabilities become more engaged in social activities. A decision was made today by the Government of Georgia to establish a new Integration Centre in the country’s capital as a way to offer more support to the …
Read More »Euro Strengthened
About a week ago Sterling gained an additional boost against the Euro, as one of the members of the Bank of England Board indicated he was changing his mind about potentially raising the interest rate. Today’s minutes and the unanimous vote to keep interest rates as they are saw the …
Read More »Competition Agency: Prices of Petroleum Products are Determined by Several Factors
Competition Agency: Prices of Petroleum Products are Determined by Several Factors According to the head of the Competition Agency George Barabadze, pricing of petroleum products in the country is influenced by a number of factors. “Many people mistakenly believe that the Competition Agency’s function is to control prices. This is …
Read More »Quality of Road Materials is not Controlled in Georgia
Since 2004, in total GEL 2,608 billion were spent in Georgia for the rehabilitation of road infrastructure. In 2014, a total of GEL 501 million was spent on the roads, in 2015 it is planned to spend 645 million. Thus, the total costs for road rehabilitation will reach GEL 3.2 …
Read More »MP from the Ruling Party against the Recommendations of the IMF
An interview with Georgian MP, businessman Gogi Topadze During a recent visit, the delegation of the International Monetary Fund recommended the Government of Georgia to cut budget spending and raise taxes. Do you share that view? The International Monetary Fund has brought nothing good to any country. After the IMF …
Read More »Fadi Asli- Georgia has Lost its Attractiveness for Foreign Investors
Fadi Asli, President of the International Chamber of Commerce, urges the government to give the Economy Minister more leeway. According to Mr Asli, the government’s biggest problem is that those who know do not have the political power, and those who have the power, do not understand anything. He recommends to …
Read More »If Ryanair Enters Georgia, Prices to the United States to Be down Sharply
The government of Georgia is trying to bring the Irish low-cost airline to the Georgian market. According to the Economy Minister, the negotiations are still going on with Ryanair. But the letter sent to “Commersant” by the Irish airline says that since last year there has been nothing new about …
Read More »Georgian National Clothes
“The first garment” – For popularization of Georgian traditional “chokha.” Collection presented by the Georgian National Ballet ensemble, Sukhishvilebi, Erisioni and Rustavi dancers. Dresses below are by Samoseli Pirveli.
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