Home / 2015 / July / 24

Daily Archives: July 24, 2015

Countries With the Highest levels of Well-being

Panama emerges as the country with the highest level of well-being in the 2014 Country Well-Being Rankings report, which surveys citizens in 145 countries and territories on five elements of well-being – purpose, social, financial, community and physical – and ranks countries based on the proportion of the population who say …

Read More »

Electricity Tariffs to Rise in Georgia

Over one million customers of Energo-Pro Georgia power distributor company will see electricity tariff increase by 3.95 tetri (about 1.75 U.S. cents) per kWh starting from August 1, prompting the government to consider subsidies for socially vulnerable households. Energo-Pro Georgia, which is part of the private Czech group Energo-Pro, is …

Read More »

Euro Rises as Greece Makes Move for Bailout

The euro strengthened on Thursday, briefly rising above $1.10 for the first time in a week, as the Greek parliament approved a second set of reforms required to start negotiations with lenders in a bid to avert bankruptcy. The greenback stalled against other major currencies despite expectations that the U.S. …

Read More »

Japan’s Nikkei to Buy Financial Times Group for $1.3 bln

Financial Times Group is not a major revenue generating business for the holding. More than 70% of the proceeds media holding Pearson brings an educational segment. And the strategy of further development of the company requires a focus on this area. Executive Director John Pearson Fallon said that amid the …

Read More »

Businessman Warns the Government of Georgia

If the financial and economic management of the country is  continued this way, then in Georgia will soon happen the same as in Greece – Coca-Cola Bottlers Georgia founder Temur Chkonia says. According to him, the increase in electricity tariffs is very painful and unpleasant process, but this is normal …

Read More »

Possible Consequences of Georgia-China Free Trade Agreement

The study showed that a free trade agreement between Georgia and China has great potential. Georgia’s export to China would increase by 9% approximately, in the short-term period including significant growth ofwine exports (28.5%) and non-alcoholic drinks (36.7%). On the other hand, imports from China would increaseby 1.7%.The study has …

Read More »

“Agriculture Support Project” Ends Successfully in Georgia

Agriculture Support Project

The “Agriculture Support Project (ASP)”, which has been in development in Georgia for five years, is successfully entering its completion stage. Regarding the ending of the project, at the end of the month the International Fund for Agricultural Development (IFAD) and the Ministry of Agriculture of Georgia will share details …

Read More »

Georgia Increases Import of Petroleum Products from Azerbaijan

Georgia imported 122,790 metric tons of oil and petroleum products worth $65.31 million from Azerbaijan in H1 of 2015, GeoStat said in its report on the first six months of 2015. The supply volume of these products from Azerbaijan to Georgia has increased by 10.4 percent, while 35.5 percent decrease …

Read More »