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Economy

BP to Continue Investing in Georgia

BP plans to continue investing in Georgia. At the World Economic Forum in Davos, the Georgian delegation held a meeting with British Petroleum CEO Robert Dudley. The Georgian Prime Minister thanked British Petroleum CEO for the investments made by the company in Georgia so far and expressed hope that this …

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Meeting with CERN Director General

The possibility of Georgia’s accession to the European Organization for Nuclear Research (CERN), and its admission as an associated member thereof, was discussed at today’s meeting between the Prime Minister of Georgia and the Director General for CERN. At the meeting, the parties discussed concrete ways to deepen their bilateral …

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Panel Discussion at the World Economic Forum

Europe’s Frontier Economies was the topic of a discussion attended by the Georgian Prime Minister at the World Economic Forum in Davos. Addressing the audience, Irakli Garibashvili described the Georgian Government’s vision of new trade and energy routes. “The economic, political and cultural interdependence of Europe’s frontier economies is continuously …

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Meeting with Aberdeen Asset Management

The business environment in Georgia was the main topic of Georgian Prime Minister’s meeting held with the Executive Director of Aberdeen Asset Management. During the conversation with Martin Jilbert, Irakli Garibashvili emphasized the importance of the Treaty on Deep and Comprehensive Free Trade Area with EU and the fact that …

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Meeting with the President of the Republic of Lithuania

The close partnership between Georgia and Latvia were discussed at a meeting between Georgian Prime Minister Irakli Garibashvili and Latvian President Dalia Grybauskaite. The meeting was held within the framework of the World Economic Forum in Davos. The Latvian President reassured the Georgian Prime Minister of Latvia’s support and commended …

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Georgian PM Irakli Garibashvili meets President Ilham Aliyev

President of the Republic of Azerbaijan Ilham Aliyev met Georgian Prime Minister Irakli Garibashvili in Davos on Jan.22. The parties expressed satisfaction with the successful development of the bilateral ties in various areas, including political, economic and energy spheres. The importance of global energy projects implemented by the two countries …

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Oil price volatility spikes after Saudi king’s death

Oil prices jumped after the news of the death of King Abdullah, the leader of OPEC’s top producer, Saudi Arabia, added to the uncertainty on the global energy market. Following the announcement by the Saudi royal court, futures in New York and London rose by 3.1 percent and 2.6 percent, …

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Export of Georgian mineral water increased by 28.7% in 2014

During one year export of Georgian mineral water increased by 28.7%.According to the data of GeoStat,in 2014, 137,1 mln USD georgian water went to foreign markets,compared to 2013 when the rate was lower with 106,8mls USD exported mineral water.  Only in December,2014 there has been 6 mln USD water exported,which …

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Davos 2015: World’s five large companies interested in Georgia

Representatives of world’s five big companies will visit Georgia in the nearest future to discuss the investment opportunities at place, Government Administration press office announced. This is a result of the bilateral meetings that Georgian Prime Minister Irakli Garibashvili has been arranging with the different company representatives in Davos, Switzerland …

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Russian business is braced for “much worse”

The last six months has been a torrid time for Russia’s business and companies operating there, but the worst could be yet to come. “We will see a much worse time in Russia. A lot of mistakes have been made. It will maybe be over by September,” Oleg Deripaska, president …

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Georgian PM at Davos 2015

Representatives of five large companies will visit Georgia in the nearest future to discuss the investment opportunities at place, Government Administration press office announced. This is a result of the bilateral meetings that Georgian Prime Minister Irakli Garibashvili has been arranging with the different company representatives in Davos, Switzerland within …

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GEORGIA’S FOREIGN DIRECT INVESTMENTS (FDI) – FUNDAMENTAL ANALYSIS

Georgia’s foreign direct investments (FDI) dynamics shows foreign investors have been demonstrating growing interest in Georgia’s various fields. This interest was raised by such important factors as global economic boom and global financial crisis, political unrest in Georgia and the fact the world community has appreciated some achievements. Despite the …

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