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Daily Archives: June 2, 2015

Azerbaijan Center in New Telia Corruption Scandal

Azerbaijan Center in New Telia Corruption Scandal

Azerbaijan’s presidential family is thought to have swindled the state out of the equivalent of SEK 6 billion, with the help of the telecom company TeliaSonera, according to an investigative report from Swedish Television’s investigative program Uppdrag Granskning, news agency TT and the Organized Crime and Corruption Reporting Project (OCCRP). …

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Holidaymaking Prices At Georgian Resorts

The summer is coming and both foreign and domestic holidaymakers most frequently ask:  how much does the holidaymaking cost at various resorts in Georgia and where can we spend our summer weekends? A certain category of individuals consider comfortable environment more important than prices, while a major part of the …

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GEL STRENGTHENING VS ECONOMIC GROWTH

GEL STRENGTHENING VS ECONOMIC GROWTH

Erroneous Dilemma and Theory against GEL Strengthening Tightening of the monetary policy will decelerate the economic growth, representatives of both state sector and experts assert frequently. Is it correct to talk about such tight relations between tightening the monetary policy rate and the economic growth deceleration? In theory, this is …

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How Adjara is Meeting the 2015 Summer Season

The Autonomous Republic of Adjara is meeting the 2015 summer season with new tourism assets. In the near future, 5-star hotels such as Hilton Batumi, Leogrand Hotel & Casino, Marina Coliseum, Castelo Mari, DreamLand Oasis will open in the Region. In the summer season the elite residential complex of Palm …

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Partnership Fund to Direct over 150 million USD Capital to Market in 2015

Irakli Kovzanadze, the Partnership Fund executive director, talks about the Fund’s activity and the current problems before the Georgian economy – Mr. Irakli, you are reported to have introduced innovations into the production sector. Namely, the project of the so-called Sandwich Panels has come to a final stage. What does …

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BBC: Georgian ex-President Saakashvili Gives Up Citizenship for Ukraine

BBC: Georgian ex-President Saakashvili Gives Up Citizenship for Ukraine

Georgian ex-President Mikheil Saakashvili says he is giving up Georgian citizenship as he becomes governor of Ukraine’s Odessa region. Mr Saakashvili told the BBC a Georgian passport meant “guaranteed imprisonment” there as the authorities pursued criminal charges against him. The ex-leader was appointed unexpectedly by Ukrainian President Petro Poroshenko on …

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