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Daily Archives: February 28, 2018

Sinohydro Corporation Limited Releases Statement Regarding Recent Allegations

Sinohydro Corporation Limited has released a statement, regarding recent allegations from Georgian media. “Recently a few articles and news against our company were coming out on different websites and TVs in Georgia. These unjustified and purposeful accusations are lack of supporting investigation and evidence, which have seriously misled the public …

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Shadow Sector’s Ratio in Georgian Economy Exceeds 50%

Mariam Lashkhi

Austria is the world’s second least shadow economy following Switzerland, according to the 2018 IMF report saying that Switzerland has the lowest shadow economy ratio in GDP  (7.2%), while the highest ratio is recorded in Bolivia (62.3%). According to the IMF interpretation, shadow economy is known under various names: hidden …

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