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Economy

Mikheil Saakashvili Plans to Resume Reforms in Georgia

Former Georgian President Mikheil Saakashvili is not against leading the National Anti-Corruption Bureau, if the position is offered to him. He said this on air on Channel 5. “It’s hypothetically possible, first it’s necessary for someone suggest this to me (the post. – Ed.), but I seriously think that my team …

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Georgian economy will grow by more than 4%

Georgian Government expects more than four percent growth of economy in 2015, announced Finance Minister Nodar Khaduri at the Government’s Meeting today. Yesterday the Government specified the current year’s economic growth forecast not only in Georgia but in the neighbouring countries and declared that all of them will have stagnation …

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EU project to help Georgian labour market improve

The European Union (EU) provides financial assistance to improve the dialogue between the key actors of the Georgian labour market. The EU, Georgia and the International Labour Organisation (ILO) launched a project “Promoting Labour Relations and Social Dialogue in Georgia”, aiming to support dialogue between the Georgian government, business, and …

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Economic Growth at 4.7% instead of the Planned 5%

According to the 2014 results, the Georgian economy grew by 4.7% instead of the planned 5% – what is the reason? Why has the government failed to fulfill its forecast for economic growth for the second year? In 2013, the plan of GDP growth was 6%, but in reality it …

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Kakheti among 10 extraordinary places to visit

Telegraph-If you want an extraordinary adventure, start by picking somewhere you’ve never heard of… until now. The British publication  has named Georgia as one of the most extraordinary destinations in the world. If you want an extraordinary adventure, start by picking somewhere you’ve never heard of… until now. When it …

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Georgia’s monthly inflation rate in January amounts to 0.2 %

Georgia’s monthly inflation rate in January 2015 amounts to 0.2 percent, revealed the latest data from the National Statistics Office of Georgia (Geostat). In the reporting period the inflation rate is formatted following the price changes of alcohol, cigarettes, vegetables and other basic needs. The price for food and non-alcoholic …

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SOCAR increases gas tariff for Georgia’s commercial consumers

Socar Georgia Gas company increases the cost of natural gas for commercial consumers of Georgia, the company said on Feb. 3. “There was a need to adjust the price of natural gas for consumers of Georgia’s private sector given the volume of natural gas imports and changes in the national …

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Georgia’s monthly inflation rate in January amounts to 0.2 %

Georgia’s monthly inflation rate in January 2015 amounts to 0.2 percent, revealed the latest data from the National Statistics Office of Georgia (Geostat). In the reporting period the inflation rate is formatted following the price changes of alcohol, cigarettes, vegetables and other basic needs.

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Moody’s reviews Georgia’s macroeconomic indices

Georgian Finance Minister Nodar Khaduri met with Moody’s representatives. Khaduri briefed the guests on macroeconomic indices, main directions of economic policy and investment sphere in the country, the Georgian finance ministry told Trend Feb. 2. The sides discussed the future fiscal policy for the medium term, the budget-2015, tax policy, …

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