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Daily Archives: August 20, 2018

Developments in Turkey and the Impact on Georgia’s Economy 

Recent developments in Turkey, an important economic partner of Georgia, raise a number of questions about the potential for spillovers. Georgia’s total exposure to Turkey via currency inflows is 4-5% of GDP – these account for approximately 8% of all currency inflows into Georgia. The share of total imports from …

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Hailstorm Damaged Vineyards and other Farmlands in Georgia’s Kakheti Region

A heavy hailstorm hit Kakheti’s capital Telavi and Akhmeta municipality, which is in the heartland of Georgia’s main winemaking region.  Heavy rain and hail damaged vineyards and other  farmlands. “Everything that could only be destroyed was destroyed. In total during this year, the hails have destroyed approximately 200 hectares of …

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