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Economy

The New Nothingness — Saxo Bank Letter

By Steen Jakobsen “The era of procrastination, of half-measures, of soothing and baffling expedients, of delays, is coming to its close. In its place we are entering a period of consequences.” – Churchill I have noticed a very troubling trend recently – everywhere I go, I’m the optimist. This concerns …

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Georgia Increases Exports to Europe by 21%

Georgia is increasing its trading powers with European markets, meaning more Georgian products are being enjoyed by consumers in Europe and possibly further abroad. Preliminary data from the country’s National Statistics Office, Geostat, revealed Georgia had enjoyed a 21 percent increase in exports to Europe in the first three months …

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Georgia’s Infrastructure Minister Resigns

Georgia’s Ministry of Regional Development and Infrastructure Davit Shavliashvili has resigned after having held the post less than a year. According to information published on the Ministry’s website, Shavliashvili submitted his resignation letter to Prime Minister Irakli Garibashvili today. “The decision was caused by Minister Davit Shavliashvili’s worsening health condition,” …

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Jean-Elie Malkin: Health is a Human Right

Jean-Elie Malkin: Health is a human right

Georgian Government Signs Cooperation Agreement to Better Georgia’s Health Care System. In a move that recognized the Government’s desire to make much-needed improvements to the country’s healthcare system, on April 6 the Ministry of Labor, Health and Social Affairs of Georgia signed a cooperation agreement with consulting organization Global Alliance …

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Atoneli Residence Completed, Investors Not Show Interest in the Building

Atoneli residence building was put into exploitation, the next phase will be the transfer to the Ministry of Economy and then, perhaps, the President, – the Regional Development and Infrastructure Minister David Shavliashvili said at the cabinet meeting. Prime Minister Irakli Garibashvili interested in the state of the Atoneli residence …

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Fitch Revises Georgia’s Outlook to Stable; Affirms at ‘BB-‘

Fitch Revises Georgia's Outlook to Stable; Affirms at 'BB-'

Fitch Ratings-London-17 April 2015: Fitch Ratings has revised the Outlook on Georgia’s Long-term foreign and local currency Issuer Default Ratings (IDR) to Stable from Positive and affirmed the IDRs at ‘BB-‘. The issue ratings on Georgia’s senior unsecured foreign and local currency bonds have also been affirmed at ‘BB-‘. The …

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Georgia Debuts at Wine and Gourmet Japan Exhibition

The sixth edition of Wine and Gourmet Japan is here, where exhibitors from 20 countries, including debutant Georgia, are presenting their products at the large-scale wine and gourmet food trade fair. More than 75,000 visitors have visited Tokyo this week, where the Wine and Gourmet Japan exhibition is taking place …

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Georgia’s Finance Minister in US for IMF, World Bank meetings

Georgia’s Finance Minister Nodar Khaduri is on an official visit to Washington, D.C. to take part in the International Monetary Fund (IMF) and the World Bank Group annual spring meetings. Thousands of government officials, representatives of civil society, stakeholders and private sector representatives from all over the world are gathering …

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Georgia Trapped in Economic Maelstrom

Georgia is in the midst of an economic maelstrom- Euronews reports. The national currency, the lari, has lost twenty percent of its value since November last year. The wretched state of the Russian rouble has undermined the former Soviet republic and the situation in Ukraine is adding to the chaos. …

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Potential Investors in Anaklia Port Arrived in Georgia

China’s largest port operator “Qingdao Port International” is interested in the project of construction of a deepwater port in the Black Sea town of Anaklia. The company representatives recently visited Georgia, observed the territory of the proposed construction  and obtained  detailed information about the future prospects of the port. Competition …

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Georgia signs second Country Program Framework

On 8 April, Ms Maia Bitadze, Deputy Minister of Environment and Natural Resources and Protection of Georgia, and Mr Kwaku Aning, IAEA Deputy Director General and Head of the Department of Technical Cooperation, signed Georgia’s new Country Programme Framework (CPF). A Country Programme Framework (CPF) is the frame of reference …

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