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Tag Archives: crisis

Whether GEL Overcomes Crisis

Sign_of_Georgian_Lari_on_the_wall

A major part of experts and analysts expected that the GEL exchange rate would depreciate further in January-February 2017, but the situation went in opposite direction  and the Georgian national currency recorded strengthening tendency. As a result, 1 USD equaled to 2.6429 GEL as of February 17,  after seeing the …

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Armenian Economy in Crisis Needs Rapid Change, New Premier Warns

Armenian Economy in Crisis Needs Rapid Change, New Premier Warns

Armenia’s new prime minister has what he believes is a vote-winning message before parliamentary elections in May: The economy’s in terrible shape and he’s the man to fix it. The impoverished ex-Soviet republic needs “profound change,’’ Karen Karapetyan, who took office in September, said in an interview in the capital, …

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The World’s Worst Currency Is in a Record Slide

MONGOLIA TUGRIK

Mongolia’s tugrik, the world’s worst-performing currency in August, is in its longest losing streak on record as the nation’s government seeks ways to stabilize an economy it says is in the grip of a crisis, according to Bloomberg. The currency weakened a 22nd day to 2,243.50 per dollar. In the …

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Everybody against LARI: GEL Sees Historical Bottom

GEL currency

The GEL exchange rate keeps depreciating. Last week the Georgian national currency saw its historical minimum against USD (1USD=2.49 GEL). Unlike the previous year, when GEL was extremely depreciating, in January 2016 the devaluation paces have decelerated. Despite encouraging statements by the government and the National Bank representatives, the GEL  …

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What If 2008 Crisis Comes Around Again?

crisis 2008

By the end of the week, stocks, currencies and commodity prices weren’t crashing any longer but financial markets were far from settled. Over the past 10 days, markets have plummeted, paused, recovered and fallen again. There’s little sign the anxiety is lifting. Until recently investors had been preoccupied with the …

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China Is In the Midst Of its Biggest Crisis in Decades

China Crisis

Last week was an eventful one for China. First, the People’s Bank of China shocked the financial world when it cut the yuan’s reference rate against the U.S. dollar by nearly 2 percent, leading to a greater than 2 percent drop in the value of the yuan in offshore trading. The …

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Real Estate Market Suffering a Crisis

Real Estate Market Suffering a Crisis

Georgian real estate market is suffering  stagnation, typical for the summer, but this time not only due to  seasonal factors. Brokers say that recently the business has experienced a difficult time in any season. The number of sales and rentals of apartments  has reduced in Tbilisi. Representatives of the real estate …

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