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Economy

Agro-insurance Rates to be Revised

Agro-insurance tariffs will be revised. It will happen as soon asthe government installs anti-hail nets  in the region of Kakheti. At this stage, the Ministry of Agriculture does not specifywhether the price of agro-insurance will hike or drop after tariffs are reviewed. Agriculture Minister Otar  Danelia only says  that the …

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WORLD ECONOMIC FORUM New Opportunity for Georgia

The 45th Annual Meeting of the World Economic Forum took place in Davos, Switzerland, from 21-24 January 2015.  The first meeting in Davos was held in 1971, when only 444 participants met for discussions that continued for a fortnight. Over 40 leaders of states and governments are among 2 500 …

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Economy Minister: GEL stabilising

Georgian Economy Minister Giorgi Kvirikashvili says that Georgian national currency Lari is stabilizing. The Government representatives set future directions and plans regarding Lari stabilisation at the meeting with Head of National Bank of Georgia yesterday. “Georgian Government has a complex plans about how to encourage export and tourism in the …

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Georgian president concerned about national currency’s depreciation

Georgian President Giorgi Margvelashvili is concerned about the depreciation of the national currency (GEL) and economic slowdown. The president made the remarks during a meeting with Giorgi Kadagidze, head of Georgian National Bank. Giorgi Kadagidze briefed Margvelashvili about the current processes in the region and their possible impact on Georgia’s …

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Georgian Prime Minister about the importance of Baku-Tbilisi-Kars

“The region needs reliable channels for transportation.” On Friday, January 23, the Prime Minister of Georgia Irakli Garibashvili participated in the discussion within the World Economic Summit in Davos, during which he noted the importance of the Baku-Tbilisi-Kars railway. Oxu.Az reports with reference to the Georgian media that Garibashvili informed …

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EBRD Improved Forecasts for GDP Growth in Georgia and Uzbekistan

The European Bank for Reconstruction and Development(EBRD) has  improved the economic growth outlook in Georgia in 2015. According to the EBRD’s report, in Eastern Europe, Central Asia and the Caucasus the experts improved growth performance only for Georgia and Uzbekistan. In particular, Georgia’s economic growth in 2015 will be 4.2% …

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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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