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Daily Archives: May 21, 2015

Georgian Lari strengthens against US dollar and Euro

Georgian Lari strengthens against US dollar and Euro

The national currency of Georgia, the Lari (GEL), is continuing to strengthen against the US dollar and the Euro after falling dramatically about seven months ago. For several days the Lari has steadily regained some of its value; it’s first appreciation since plummeting about 30 percent in value since November …

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Georgia is Fighting to Become European – Nina Sublatti

NIna Sublatti CBW

“Today I am proud. I can feel Georgia’s heartbeat and the entire country’s support. We definitely deserve this support, because today Georgians are fighting to become free. They are fighting to become European. For me, this [competition] is akin to building a bridge between Georgia and Europe. I am very proud today …

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NBG President Does Not Expect Further Depreciation of GEL

NBG President not Expects a Further Depreciation of GEL

President of the National Bank of Georgia Giorgi Kadagidze, does not expect the GEL to depreciate further in the mid-term period. Giorgi Kadagidze made this comment after holding a meeting with the head of the Budget and Finance Committee Tamaz Mechiauri, together with Finance Minister Nodar Khaduri, Regional Development Minister Nodar …

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Kazakhstani Government’s 100 Steps to Become a Leader by 2050

Nazarbayev

Earlier this month Kazakh President Nursultan Nazarbayev informed the public regarding his plan to outline 100 concrete steps to implement five institutional reforms in the country. The detailed document became publically available this week. The document represents Kazakhstan’s Singaporean plans of sorts, in order to establish the country among global leaders.  …

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One Day Trips in Georgia: Where to Go?

Georgia

As the whole country started blooming heavily, it became impossible to remain at home on weekends. In case you are in Georgia or want to come see it, I can give you some ideas, where to go! 1. David Gareji Semi-desert Udabno, mount Gareji and rock-hewn monastery, which has been …

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Moldovan Banks are also Involved in the Currency Scandal

Moldovan Banks are also Involved in the Currency Scandal

Not only in Georgia but in Moldova doubts emerged that the big banks played a role in the national currency devaluation. If in Georgia this suspicion was expressed by Deputy Prime Minister, in Moldova the Prime Minister openly spoke out allegations against the banks. Georgia is not the only country …

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U.S Embassy’s Fund for Cultural Preservation

Gelati Late Evening

Through the U.S. Ambassadors Fund for Cultural Preservation (AFCP), the U.S. Department of State supports eligible countries around the world in the restoration of ancient and historic buildings, assessment and conservation of rare manuscripts and museum collections, preservation and protection of important archaeological sites, and the documentation of vanishing traditional …

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Russia’s Rejoining the G-7 Community is Unthinkable — Merkel

putin-and-merkel-

Russia must demonstrate willingness to act within the international law, before it can rejoin the G-7. German Chancellor Angela Merkel stressed this point in her address to Germany’s lower house of parliament, Bloomberg reports.  In Merkel’s words, Russia’s current political stance is unacceptable for the European community. “Thinking in spheres …

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Georgia’s top Trading Partners: Turkey, Azerbaijan and China

Georgia’s top Trading Partners: Turkey, Azerbaijan and China

The value of Georgia’s exports and imports (External Merchandise Trade) experienced a slight downward trend in the first four months of 2015 in comparison to 2014, claims preliminary data published by the National Statistics Office of Georgia (Geostat). In January-April 2015, external merchandise trade (excluding non-organised trade) in Georgia amounted …

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Eastern Partnership Summit Opens in Riga

Eastern Partnership Summit Opens in Riga

In several hours’ time Georgia will have a clear message of what is ahead for the country’s European perspective once the 4th Eastern Partnership (EaP) Summit opens in Riga today. European Union (EU) leaders will meet representatives of the six EaP countries (Armenia, Azerbaijan, Belarus, Georgia, Moldova, and Ukraine) on …

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