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Economy

What happens after Georgia Signs the Association Agreement with Europe?

What is the significance of the Association Agreement and what  benefits will it bring  to Georgia? The prospect of concluding a Deep and Comprehensive Free Trade Agreement (DCFTA) between Georgia and the EU gave fresh impetus to the process of enacting reforms in trade-related spheres. The DCFTA will be one of the …

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Director of Georgian National Tourism Agency Acquainted Ukrainian “Forbes” with Advantages of Georgian Tourism

Number of Ukrainian tourists visited Georgia in January-May 2014 increased by 27% compared with the same period in 2013  and amounted to  48.8 thousand people. Director  of Georgian National Tourism Administration George Sigua assures that “Ukrainians in Georgia will feel like home” in his interview with the Ukrainian “Forbes”. He adds that in the …

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Georgia to Sign Association Agreement with EU Today

Georgia will sign the Association Agreement with the EU today. Georgian Prime Minister Irakli Garibashvili, President of the Commission of Europe Jose Manuel Barroso and President of the EU Council Herman Van Rompuy will sign the Agreement. The signing ceremony will be held in Brussels at 9 AM local time, 11 …

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Winemaking Waste could Become Fuel Starter in Georgia

In Georgia, winemaking waste could serve as a good starting point for environmentally friendly fuel production. Swedish company “Scania”, one of the world’s leading manufacturers of heavy trucks and buses, isdeveloping a new direction of business, whichincludes environmentally clean fuel production. According to the Ministry of Economy, “Scania” plans to open a sales and service center in Georgia in the near future. …

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What Harm did Moratorium on the Purchase of Agricultural Land by Foreign Nationals Inflict on Georgian Economy?

According to the non-governmental organization “Transparency International”, the Constitutional Court of Georgia considered unconstitutional the Parliament’s decision to ban the sale of agricultural land. Basis for the judgment was NGO’s lawsuit over Parliament’s decision that violates the rights of individuals and thefreedom of entrepreneurial activity. “The court decided that the suspension of the right to alienatethe land, even temporarily (the moratorium was in effect until the beginning of 2015), does not correspond to the Constitution of Georgia and …

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Gov’t in no Hurry to Recalculate Subsistence Minimum

The government has not worked out a new methodology for the calculation of the minimum wage According to Director  of the Economic Policy Experts Centre, the inter-ministerial commission  was set up, but did not start working in this direction. A presentation of a new methodology for the calculation of the minimum wage has …

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Agricultural Strategy – What Areas Should be Prioritized?

An interview with Minister of Agriculture of Georgia Shalva Pipia – What is the effect of the activity of the funds created by the government to support agricultural projects? – Funds are focused on stimulating regions with low economic activity – there are 40 such districts in Georgia. Accordingly, more …

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