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Economy

Natural Disaster in Tbilisi Reduced Economic Growth by 1%

As a result of Tbilisi flood,  the economy of Georgia faces  a new challenge, because of the natural disaster GDP growth in 2015 will fall by 1%. The process will depend on the effectiveness of projects to be implemented by the government and the size of foreign aid, the amount …

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Greece: Beyond the Brink

There is exactly the same feeling into the air as before the Lehman default. I remember being almost alone in thinking Lehman would fail to remain afloat, but both the market and the Federal Reserve kept seeing last-minute solutions. The decision is similar. Lehman was perceived as being too “difficult” to save; …

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Georgian Railway Reduced Tariffs by 20% on Domestic and Export Transits

Starting July 1st of this year, tariffs on domestic and export transits will reduce by 20%, says Georgian Railway’s management. The change will apply to both domestic transit and exports of all kinds of dry goods, as well as container shipping. This marketing decision in the rail transport sector will reflect on company’s future …

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Georgia, Turkmenistan to Ink Several Bilateral Documents

Turkmenistan’s President Gurbanguly Berdimuhamedov plans to make a trip to Georgia on July 2-3. The government of Turkmenistan said in a message on June 29 that after holding the next high-level meeting between the two countries, it is planned to sign a number of bilateral documents. The visit, according to …

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Decision was Taken on Khudoni HPP Construction

The decision on construction of Khudoni Hydro Power Plant has been  taken and the final version of the agreement has already been compiled. According to  the Minister of Energy Kakha Kaladze,  in the coming days society will be acquainted with the details of the project. “The decision about how and in …

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Tbilisi in Top 20 Cheapest Cities in the World

Tbilisi has been named one of the Top 20 cheapest cities in the world for expatriate employees to live and work in, according to a global survey done by Mercer Global. The list, ranking the world’s most expensive and inexpensive cities for expatriates, compared expenses in 207 cities across five continents, …

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How did the Lari Depreciation Affect the Construction Business?

The lari depreciation reduced the value of construction and, therefore, the cost of the new spaces, which caused the price decline in the market, however, this trend is not of mass character. Only some construction companies lowered prices, some of them in the frames of discount actions  in order to …

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Tbilisi Flood: Georgian Diaspora in Turkey Send Humanitarian Aid

Members of the Turkish community are actively helping Georgia recover from the deadly flood that hit capital Tbilisi on June 13. Georgia has already received its first shipment of humanitarian aid, which was jointly sent by Georgian citizens living in the Turkish city of Inegol and by the Caucasian Folklore …

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