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Economy

Currency Wars: when Zero is too much

By John Hardy, Saxo Bank The reason central bank policy makers are so afraid of current deflationary pressures is that a deflationary dynamic is particularly dangerous in economies with heavy public and/or private debt loads, which virtually all developed economies find themselves in. The mix in each individual economy is …

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Georgian govt to cut spending as lari drops rapidly-DFWATCH

TBILISI, DFWatch–The government in Georgia has proposed to cut spending in order to deal with a drastic drop in the value of the national currency, the lari. The lari began falling in November last year, and went from a level of 1.75 lari against the US dollar to 2.1971 laris …

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Georgia intends to take $500M loan for infrastructure projects

The Georgian government intends to take a loan in the amount of $500 million for infrastructure projects, Georgian Minister of Regional Development and Infrastructure David Shavliashvili told reporters Feb. 23. He said that these funds will be spent for the construction of tunnels, bridges, roads and rehabilitation of the water …

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Why everyone benefits from making the law fair for women

Leveling the legal playing field for women holds real promise for the world—in both human and economic terms. Unfortunately, that promise remains largely ignored and its potential untapped. In too many countries, too many legal restrictions conspire against women to be economically active—to work. What can be done to remove these barriers?  …

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MTPL in Georgia – a vital step to Economic and Social development

Activating driver’s liability compulsory insurance is inevitable – AYFB Driving force of the insurance industry is obligatory insurance, Yet, in Georgia, such simple matters as easening vechile and other insurances to protect and comfort citizens are not resolved. In every developed country there are numerous such insurances.Obligatory insurance in these …

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Georgian government not to take IMF loan

The Georgian government does not intend to take a loan from the International Monetary Fund, Georgian Finance Minister Nodar Khaduri told reporters Feb. 23. He said that the matter rests in attracting additional funds from other donors. “An IMF mission is in Georgia,” he said. “The mission representatives will meet …

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Get an early start when hunting for Georgian wines

Get an early start when hunting for Georgian wines

Waltz, a tiny standing bar that specializes in natural wines, is nearly impossible to find the first time you try looking for it. On a recent Saturday evening, the bar’s obscure location — on a dimly lit backstreet between Tokyo’s Ebisu and Shirokane neighborhoods — confounded me and two of …

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What Your Favorite Wine Says About You

what-your-wine-says-about-you

Find out what your favorite wine says about your personality. Although, to be fair, as long as you’re drinking wine, there is already something very correct about you. If you love Malbec… You have a box full of adult toys and you like to dip your pizza crust in ranch. …

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Gov’t Cuts Growth Forecast to 2-2.5 Percent

Minister of Economy was the first from the Government team  who named  this year’s economic growth forecast. The Minister said on  “Rustavi 2” TV channel that  instead of the planned 5 percent  this year economic growth would  be 2 -2.5%. In Kvirikashvili’s words,  they discussed with Prime Minister the expected …

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Georgian government to cut costs, PM says

Georgia’s government intends to resort to the “belt-tightening”, Georgia’s Prime Minister Irakli Garibashvili told reporters Feb. 21. He said that due to the worsening of economic situation in the country, the government plans to reduce administrative costs. Garibashvili explained that the fall in the Georgian lari’s rate negatively affected the …

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Tbilisi Hosts International Gaming Congress

International  Gaming Congress  dedicated to business in gaming industry will  be opened in Tbilisi  on February 20. The organizers inform that the participants of the Forum will present a full range of systematic approach to all types of gambling industry  (both non-virtual and virtual segments) and will help in searching …

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