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Economy

Russia considers Greece bailout – finance minister Siluanov

Greece hasn’t outright asked Russia for a loan, but Russian Finance Minister Anton Siluanov said Moscow wouldn’t rule it out. His statement comes days after Greece openly opposed further economic sanctions against Russia. “Well, we can imagine any situation, so if such [a] petition is submitted to the Russian government, …

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Gov’t allocates 50m GEL to support small farmers

The Government of Georgia is allocating 50 million GEL to support 800,000 small farmers conduct agricultural works in spring 2015. As a result more than 400,000 hectares of agricultural land will be cultivated, officials expected. The Government-led initiative to support small farmers had already been approved and was scheduled to …

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Gov’t Plans to Implement more than 10 Major Projects

The government of Georgia  intends to implement more than 10 major projects in the current year. Minister of Economy and Sustainable Development told  The Financial  that in 2015 artificial lakes would be constructed together with a biathlon track in line with ski resorts. Together with private investors the Government will …

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GEORGIA ON EU MARKET – REPORT ON GERMANY

Germany is one of the oldest members of the European Union (since 1952) and Georgia’s one of the major trade partners among EU countries. According to the 2013 report, Germany ranks 11th among Georgia’s major exports markets with a 2.5% ratio. At the same time, Germany ranks 6th among Georgia’s …

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Armenia Saw 3.9% Rise of Economic Activity Last Year

Armenia’s economic activity indicator between January and December of last year exceeded the indicator of the same period in 2013 by 3.9 percent. As “Armenpress” reports, the National Statistical Service of the Republic of Armenia has presented the preliminary major macroeconomic indicators based on a current and operative summary that shows the socio-economic situation in the …

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Seven companies are selected to build Anaklia port

Out of twelve submitted applications, Georgia’s Commission of Government has revealed seven best ones to build Anaklia deep-water port. “The companies should provide their offers till Apirl 16, 2015,” Deputy Minister of Economy Irma Kavtaradze said. “Then we will choose two or three candidates and start negotiations with them. The …

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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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