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Economy

IFAD: GEORGIA SHOWS HIGHEST INDICATOR IN REGULATORY QUALITY CATEGORY

On November 19 the Caucasus University Center for Economy and Health Research (CU EHRC) held a final forum:IFAD Expertise – Georgia Government’s Management Quality. The forum was proposed by the EHRC analytical laboratory: International Monitoring Center of the Government. The Forum discussed a report on expertise developed by the UN …

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Importers Preparing to Raise Prices of Food Products

According to importers, if GEL continues depreciation, prices of products will increase by  5%. Director General  of one of the largest importers of food products Lux 2004 states “Commersant” that prices of the imported products are  linked to the GEL rate. Guram Brodzeli explains  when the  exchange rate fluctuates rapidly, …

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Airzena may Stop Flights to Moscow in a Few Days

Frequency of flights between Tbilisi and Moscow has remained  at 14 per week for each side. “Commersant” was told by  the head of the Civil Aviation Agency Guram  Jalaghonia. He says  two Russian companies Siberia and  Aeroflotwill have the right to perform  flights from Moscow to Tbilisi. The Russian delegation …

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Bill on the Sale of Farmland to Foreigners to be Considered in the Near Future

The draft law, which determines the rules of the sale of agricultural land to foreign citizens,  will be submitted to the Parliament in the near future. Currently, the project is still under development, and representatives of the Government are consulting with various stakeholders. Business ombudsman of Georgia Giorgi Gakharia has comment …

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Gasoline prices at SOCAR Gas stations in Georgia drop to minimum

The prices for gasoline at all gas stations of the State Oil Company of Azerbaijan (SOCAR) in Georgia have been reduced again by 2-3 tetri ($1=1.82 GEL), as the oil prices have dropped on the world market. (Tetri is a monetary unit of Georgia, equal to one-hundredth of a lari.) The …

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Expertise by International Fund for Agriculture Development (IFAD)

FAD Rural Sector Performance Assessments (IFD) Government Effectiveness Allocation & management of public resources for rural development Regulatory Quality Enabling conditions for rural financial services development Investment climate for rural businesses Access to agricultural input and product markets Rule of Law Access to land Access to water for agriculture Control …

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EXCHANGE RATE MONITORING

 The national currency exchange rate was stable last week. From 14 to November 20 the GEL exchange rate against EUR fell by 0.7% and one EUR rose to 2.2164 GEL from 2.2007 GEL. The GEL exchange rate against USD slightly rose by 0.1% to 1.7652 point from 1.7675 point. As …

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ELCOM CAUCASUS 2014 POWER SECTOR FOR SUSTAINABLE DEVELOPMENT

On November 12 ELCOM CAUCASUS 2014, the second international power sector exhibition, was unveiled at the Expo Georgia exhibitions center. Along with the exhibition, another international traditional conference Power Sector for Sustainable Development was also held. The Power Sector for Sustainable Development conference makes focus on the most important problems …

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