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Daily Archives: March 21, 2016

Georgia-EU Trade Is Up By 38%: Report Shows

EU trade

In 2016, export from Georgia to the EU has diminished, as well as the CIS countries. According to Geostat, foreign trade turnover with the EU has made up 532 million dollars during the first 2 months of this year, which is 38% more, compared to the same period of last year. …

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World Down Syndrome Day: a Chance to Celebrate Beautiful Lives

Inga Loladze

Inga Loladze wishes she could go back and talk to the sad and devastated woman she was when she feared her unborn child had Down Syndrome. Six years later, she can’t even imagine feeling that way. At the first glimpse of her newborn, Georgian woman knew her daughter had Down syndrome but those sorrowful, scared feelings …

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The Economy Grew the Most in Mining Through Last Year

The Economy Grew the Most in Mining Through Last Year

The economy grew the most in mining through last year. According to “Sakstat”, as of preliminary data, GDP index of 2015 has mounted to 31,691 billion GEL in the current prices, which exceeds by 8,7% comparing to the same period of the previous year. GDP has been determined by 2,8% comparing …

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Georgia Attracts More Visitors from Gulf Countries

Welcoming More Qatar Visitors to Georgia

Georgia is poised to receive a large number of travelers from Gulf countries, particularly Qatar, a senior Georgian official has said. Speaking a group of 16 travel professionals who arrived in the Georgian capital Tbilisi from Qatar a few days ago, George Chogovadze, head of the Georgian National Tourism Administration, …

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Southern Gas Corridor Co Plans $1 bln Bond

Azerbaijan’s Southern Gas Corridor company plans to issue a $1 billion 10-year Eurobond, the Finance Ministry said on Saturday, Reuters reported. Azerbaijan’s Southern Gas Corridor company has opened books for its 10-year Eurobond issue, setting initial yield guidance in the 7 percent area, banking sources told Reuters on Thursday. Floatation …

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Caucasus Business Week #138

Global Down Syndrome Day: a chance to celebrate beautiful lives 1. Lari Gains Value 2. Zurab Garakanidze: Georgia is Capable for Making Great Geopolitical Breakthrough in Gas Transit Issues 3. Feel the FutureWith 450% Yield Credit 4. Taxation System and Absence of Ecosystem Frustrate Startup Business Development 5.Which Countries Send …

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Lari Gains Value: Analysis

Lari currency/Georgian money

The GEL exchange rate has been extremely strengthening for the past two weeks. From February 26 to March 18 the GEL exchange rate against USD has strengthened by 0.17 GEL. According to the official exchange rate of the National Bank of Georgia (NBG), the GEL exchange rate against USD stood …

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Georgia’s External Debts Rise Year on Year

Georgia’s External Debts Rise by $242 million Year on Year

Georgia’s external debts marked 4.324 billion USD as of March 1, 2016, up 24 million USD month on month and up 242 million USD year on year, according to the Finance Ministry statistics. In January 2016 the foreign debts equaled 4.3 billion USD. The figure marked 4.072 billion USD as …

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