Home / 2015 / April (page 2)

Monthly Archives: April 2015

UK Praises Georgia’s Methods of Informing Public of Integration Prospects

UK praises Georgia’s methods of informing public of integration prospects

As Georgia strives towards European and Euro-Atlantic integration, informing society of the country’s integration progress is “essential” and in this sense, the country is doing a good job, says a United Kingdom (UK) official who is in Georgia on official business. Director of the Eastern Europe and Central Asia Directorate …

Read More »

Georgia’s GDP Grew By 3.2% in Q1, 2015

Georgia’s GDP Grew By 3.2% in Q1, 2015

Georgia’s Gross Domestic Product (GDP) experienced an average real growth of 3.2 percent in the first three months of the year, says the country’s National Statistics Office (Geostat). Preliminary data revealed the GDP growth in Q1, 2015 compared to the same time in 2014, while in March 2015 the country’s …

Read More »

Economy Grew 3.2% in Q1, 2015

Economy Grew 3.2% in Q1, 2015

According to preliminary estimates, real GDP growth amounted to 3.2%.in the first quarter of 2015. According to preliminary reports, compared with the same period of last year, real GDP growth rate totaled 4.3% in March, while the average real growth – 3.2% in Q1, 2015. The data was published by …

Read More »

Georgian Beer Industry Suffering a Crisis

Georgian Beer Industry Suffering a Crisis

The new regulations have significantly reduced sales of beer, so much that breweries are forced to increase the prices for production and reduce staff. The first problem came after Parliament banned the consumption of alcoholic beverages in public places, respectively, brewers require abolition of the regulation. According to Levan Zautashvili, …

Read More »

EBRD is Launching Women in Business in Georgia

The EBRD is launching its Women in Business programme in Georgia to drive women’s entrepreneurship. Charlotte Ruhe,Director of EBRD writes about Georgia women and says EBRD decides to launch special programme for women. Women entrepreneurs there face many of the same challenges as women across the countries where the EBRD …

Read More »

Azerbaijan reduces import of goods from Georgia

Azerbaijan reduced the import of goods from Georgia by 2.3 times in January-March 2015 compared to the same period of 2014, the Georgian National Statistics Service’s report as of January-March 2015 says. Georgia exported goods worth $63.49 million in January-March 2015, which is 12.6 percent of the total Georgian export, …

Read More »

Georgian Building is Among The 12 most Absurd Soviet-era Buildings

Business Insider listed Bank of Georgia Headquarter building (Georgian Building) among the 12 most absurd buildings from Soviet-era. American technology and business news website,described our famous building as it has been photoshopped. The Bank of Georgia headquarters (Georgian: საქართველოს ბანკის სათავო ოფისი) is a building in Tbilisi, Georgia. It was …

Read More »

Georgia Joins International Jazz Day

Georgia will join the global celebration of International Jazz Day, bringing together the brightest Jazz musicians to perform on stages around the globe. UNESCO Director General Irina Bokova and UNESCO Goodwill Ambassador Herbie Hancock announced 185 countries had confirmed to participate in the fourth annual International Jazz Day. To celebrate …

Read More »

Minister of Sports Resigns, Cabinet Needs New Vote of Confidence

Minister of Sports resigns, Cabinet needs new vote of confidence

Georgia’s renewed Cabinet will need to regain a vote of confidence from Parliament following today’s resignation of the country’s Minister of Sport and Youth Affairs. Despite several Ministers departing their posts recently, the country’s Prime Minister Irakli Garibashvili doesn’t expect major changes ahead. Minister Levan Kipiani, who announced his resignation earlier …

Read More »

World Bank Group approves $60 million IBRD loan for Georgia

The World Bank Group has confirmed a $60 million USD loan for Georgia to increase its competitiveness and economic growth, which are two of the most important components of the cooperation strategy between the World Bank and Georgia in 2010-2013. This was an IBRD (International Bank for Reconstruction and Development) …

Read More »

President of Dutch Senate Visits Georgia

President of Dutch Senate Visits Georgia

President of the Senate, the upper house of the Netherlands’ Parliament Ankie Broekers-Knol, is paying her first official visit to Georgia. Today the Dutch official met with Georgian high officials, President Giorgi Margvelashvili and Prime Minister Irakli Garibashvili. At her meeting with Margvelashvili at the Presidential Palace today, the pair discussed …

Read More »

Crude Oil Markets Nervously Await US Inventory Report

Hedge funds increase bullish bets, especially in Brent crude WTI crude has rallied, but near-term nervousness still persists First signs cut in US oil rigs is negatively impacting production Crude oil, both WTI and Brent crude, has stabilised following the strong rally earlier this month. The rally was driven by lower …

Read More »