Home / Tag Archives: economy (page 14)

Tag Archives: economy

IMF Cuts Global Growth Forecast for 2015

The International Monetary Fund has cut its forecast for global growth this year, as a result of a slowdown in the US economy. The IMF now says the global economy will expand by 3.3% in 2015, compared with a previous forecast of 3.5%. Last month, the IMF lowered is forecast for …

Read More »

Donations For Tbilisi Flood Exceed 24m

24,550,076 million GEL has been contributed to an account opened by specially for victims of Tbilisi flood, so people in Georgia and around the globe can donate to the Tbilisi flood relief fund. The loss inflicted by the disaster exceeded 100 million GEL. Nodar Khaduri announced all donations totalled 24,225,238 million GEL, …

Read More »

Saudi Arabia to Invest Record $10bn in Russia

The Public Investment Fund of Saudi Arabia in partnership with the Russian Direct Investment Fund (RDIF) has agreed to invest $10 billion into Russian projects. It is the largest foreign investment in Russia. “We have reached final agreements and are announcing the creation of a partnership with the sovereign fund …

Read More »

Produce in Georgia Launces 90 New Enteprises in 12 months

Irakli Garibashvili produce in Georgia

90 new projects, with a collective investment portfolio of $252 million USD have been implemented in the country, since the establishment of Produce in Georgia. Today the Economy Ministry and Prime Minister Irakli Garibashvili summarised the first annual report of the Produce in Georgia scheme, which aimed to stimulate Georgia’s …

Read More »

Impact of External Shocks on the Economy of Georgia

Economic situation in the main trade partners is of great importance for the countries with small economies such as Georgia. That is the conclusion of the survey conducted by  the Business School at Ilia State University. The researchers estimate that a decline in purchasing power in the region, the developments in …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »