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Daily Archives: October 6, 2016

Paris Climate Agreement to Take Effect Nov. 4

The landmark Paris agreement on climate change will enter into force on Nov. 4, after a coalition of the world’s largest polluters and small island nations threatened by rising seas pushed it past a key threshold on Wednesday. U.N. deputy spokesman Farhan Haq said late Wednesday that the European Union …

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Green Initiatives Boost Local Development in Georgia

Thirty-three non-governmental and community organizations presented the results of environmental initiatives carried out since 2012 in different regions of Georgia. The programme was supported by the United Nations Development Programme (UNDP) and Ministry of Environment and Natural Resources Protection of Georgia with funds from the Small Grants Programme of the …

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Media Monitoring Reflects Tensions of Pre-Election Month

Janos Herman

Georgian civil society organizations unveiled the results of election media monitoring at a press conference on October 6, 2016. Supported by the European Union and United Nations Development Programme (UNDP), media monitoring examines media performance during the 2016 Parliamentary elections in Georgia and covers forty-six national and local media outlets …

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Airport Runway Opened in Ambrolauri

Airport Runway Opened in Ambrolauri

An Ambrolauri airport runway with a 110-meter strip length and 30-meter strip width as well as a capacity to accommodate 19-seat type L 410 aircraft was constructed in a record-breaking 10 months. The Prime Minister of Georgia opened the new runway designed in accordance with the modern standards. Giorgi Kvirikashvili …

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Skigi: Georgia Made Dried Fruit

Skigi means dried grapes in ancient Georgian language. The enterprise is located in village Khidistavi, Chokhatauri Municipality, Guria Region. It was funded within the program “Produce in Georgia”, from the project supporting micro and small enterprises. Skigi products are indeed unique. They are made of the fruits grown in the farmer’s …

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Reuters: China, Georgia Sign Preliminary Trade Pact

China and Georgia on Wednesday signed a preliminary free trade agreement that is expected to take effect from the end of 2017. The deal is expected to see Chinese firms building ports and railways in Georgia, and will boost Georgian wine exports to the world’s No.2 economy, according to a …

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What is Monetary Policy?

Money Euro Mortgage Loan

Monetary policy consists of the actions of a central bank, currency board or other regulatory committee that determine the size and rate of growth of the money supply, which in turn affects interest rates. Monetary policy is maintained through actions such as modifying the interest rate, buying or selling government …

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Galt&Taggart Submits Higher Economic Growth Forecasts than IMF

Galt&Taggart Submits Higher Economic Growth Forecasts than IMF

Galt&Taggart has announced more optimistic economic growth forecasts as compared to the International Monetary Fund (IMF). Archil Gachechiladze, Head of the investment bank supervisory board, told the Business Contract that the Georgian economy is influenced by regional tendencies and largely depends on neighboring countries, Turkey and Russia, as their shocks …

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