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Tag Archives: economy

US employers Added 223,000 Jobs in June

Employers added 223,000 jobs in June. While economists were forecasting an addition of around 230,000 jobs the figure does continue the medium-term trend of above 200,000 average monthly growth. The revisions, however, reflect a weaker rebound from winter weather related weakness than previously thought. The payroll count for April was …

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Georgia’s International Debt Constitutes 13 bln Dollars

The gross external debt of Georgia as of 31 March 2015 amounted to 13.4 billion USD (29.9 billion GEL), which came to 82.8 percent of the last four quarters’ GDP. The net external debt of Georgia totaled 8.8 billion USD (19.6 billion GEL or 54.2 percent of GDP) as of …

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Flood Influence on Georgian Economy

The June 13 Tbilisi flood has left incurable wound on the heart of Georgian citizens. We have lost lives of our compatriots, many families remain unsheltered, motorways and infrastructure have been demolished, animals have been drowned. Besides these losses, the flood has inflicted significant economic and environmental damage to our …

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Where Does The Georgian Bank System Lead The Georgian Economy To?

The role of bank systems in various economies grows every day, but analysts assert the bank system advancement may bring dangerous outcomes. The finance sector’s role in developed economies of the USA, Japan and other countries has considerably grown. This process includes certain hazards. In the course of time, banks …

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US and China Economies Slow Down, While Eurozone Rebounds – OECD

Economic growth in the US and China is expected to slow down while the eurozone is still on course for economic recovery this year, according to the Organization for Economic Cooperation and Development (OECD). “In the euro area, growth momentum continues to strengthen, particularly in France and Italy. Signs of …

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Georgia begins new project to promote economy

Georgia begins new project to promote economy

Georgia begins a new project, which aims to promote sustained economic development and stability of the enterprises in the country with the assistance of the US government, referring to the association of trade unions of Georgia, the information-analytical portal Georgia Online said March 4. The project involves strengthening of trade …

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Baku, Ankara, Tbilisi to discuss economic ties

Batumi is to host a business forum. A business forum with participation of the representatives of Georgia, Turkey and Azerbaijan will be held in Batumi on March 6. Oxu.Az reports with reference to Georgian media that the statement came from speaker of the Georgian Foreign Ministy David Kereselidze. “The fourth business …

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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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DCFTA: Promising Growth — Grant Thornton’s international business report

Author: Nikoloz Akhalaia, analyst at Grant Thornton Georgia In 2014 Georgia signed the long awaited association and trade liberalization agreements with the EU. The agreements provide an opportunity to the decrease trade deficit by increasing export capacity, as well as making Georgia more attractive for potential investors. Because of the …

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