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Economy

Expertise by International Fund for Agriculture Development (IFAD)

FAD Rural Sector Performance Assessments (IFD) Government Effectiveness Allocation & management of public resources for rural development Regulatory Quality Enabling conditions for rural financial services development Investment climate for rural businesses Access to agricultural input and product markets Rule of Law Access to land Access to water for agriculture Control …

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EXCHANGE RATE MONITORING

 The national currency exchange rate was stable last week. From 14 to November 20 the GEL exchange rate against EUR fell by 0.7% and one EUR rose to 2.2164 GEL from 2.2007 GEL. The GEL exchange rate against USD slightly rose by 0.1% to 1.7652 point from 1.7675 point. As …

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ELCOM CAUCASUS 2014 POWER SECTOR FOR SUSTAINABLE DEVELOPMENT

On November 12 ELCOM CAUCASUS 2014, the second international power sector exhibition, was unveiled at the Expo Georgia exhibitions center. Along with the exhibition, another international traditional conference Power Sector for Sustainable Development was also held. The Power Sector for Sustainable Development conference makes focus on the most important problems …

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“HALTING THE ACTIVITIES OF RMG IS A SERIOUS ISSUE FOR THE ENTIRE COUNTRY”

Georgian Infrastructural Projects Initiative” organized a presentation in the “Radisson” hotel, showcasing the research “Evaluating Rich Metal Groups’ Social-Economic Results and Influence on Economy.” Economic experts Levan Kalandadze, Irakli Lekvinadze and Nodar Chichinava presented tendencies in the research which reflects today’s issues of gold mining and processing in general as …

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Tbilisi Budget

In 2015 Tbilisi municipal budget will finance social and health programs by 203 million GEL, that is 25% of total funds. Namely, 168.5 million GEL will be allocated for social projects and 34.4 million GEL will go to healthcare programs, up 8 million GEL compared to 2014. Economic analysts assert …

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NATIONAL BANK KEEPS MONETARY POLICY RATE UNCHANGED

On November 19, the Monetary Policy Committee of the NBG decided to leave the refinancing rate unchanged at the previous level. Monetary policy rate stads at 4.0 percent. Following the previous meeting of the Monetary Policy Committee, Inflation forecast has been revised downward as new information had been released. The …

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TIME NECESSITATEAS TO INCREASE PENSIONS TO ALL CATEGORIES OF PENSIONERS

An expert from the Association of Young Financiers and Businessmen Paata Bairakhtari says that the government’s strategy regarding pensions is correct After PM’s meeting with the parliament majority, the Finance Minister of Georgia changed his position regarding pensions and decided to increase them for everyone. Nodar Khaduri announced that instead …

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DMITRY TROITSKY: CULTURAL HERITAGE PROTECTION IS OUR PRIORITY

Who is Dmitry Troitsky, what is his background and why did he get interested with mining business in Georgia? Who does the rugby sponsor root for during the match and what are his future plans for Georgia? The founder of the company “RMG”, Dmitry Troitski, answers the public’s questions in …

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Georgia relies on ICT sector

The 12th World Telecommunication/ICT Indicators Symposium opened in Tbilisi Nov. 24. While speaking at the opening of the symposium, Georgian Prime Minister Irakli Garibashvili stressed the importance of the information and communication technologies for the economy of Georgia. He said that the development of the ICT sector is one of …

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EU assessment mission to visit Georgia on Nov.24

The assessment mission of the European Union (EU) will visit Georgia on Nov.24, EU Commissioner for Migration, Home Affairs and Citizenship, Dimitris Avramopoulos said. He made the remarks during a meeting with Georgian Prime Minister Irakli Garibashvili in Brussels last week. The EU welcomes the successful completion of the first …

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