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Tag Archives: Russia

Georgia As One of The Most Cheapest Country

Georgia As One of The Most Cheapest Country

The international agency GoBankingRates, published the rank of the most cheapest countries throughout the world. The agency has ranked 112 countries in terms of the cheapest ones being Georgia as the 29th place. The authors relied on the main 4 components in the process of composing the ranking list. Those …

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No Decrease Expected in Number of Russian Tourists to Turkey

No Decrease Expected in Number of Russian Tourists to Turkey

The crisis in Ankara-Moscow relations will not lead to decrease in the number of Russian tourists visiting Turkey, Turkish Prime Minister Ahmet Davutoglu said Feb. 22. He noted that it is not the first year the Russian tourists visit Turkey, TRT Haber TV channel reported. Turkey will make every effort to …

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PM: Europe Should Not Put Obstacle in The Way of Georgia’s Visa Liberalization

PM: Europe Should Not Put Obstacle in The Way of Georgia's Visa Liberalization

Any failure in Georgia’s visa liberalization process will encourage those that oppose Georgia’s European integration, says Georgia’s Prime Minister Giorgi Kvirikashvili. Kvirikashvili spoke about his country’s European aspirations in an interview with the Georgian Service of the Radio Liberty/Radio Free Europe. “We are not moving towards Europe but we are …

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Major Oil Producers Agree to Freeze Oil Output Level

Major Oil Producers Agree to Freeze Oil Output Level

Energy ministers of Russia and a number of OPEC countries have agreed to freeze the production of oil after the negotiations in Qatar’s capital Doha, Qatar’s Energy Minister Mohammad bin Saleh al-Sada said, RIA Novosti reported on February 16. Oil output will be stabilized at the level of January11, Saudi …

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Russia Remains Leader in Foreign Money Transfers to Georgia

Money Transfers to Georgia

Money transfers to Georgia in January 2016 marked 66.555 million USD ($ 75,450 in January 2015). The figure is lower compared to the December 2015 transfers, when currency remittances recorded 102 million USD. This is a usual tendency, when the month of January records slowdown in money transfers to Georgia …

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WB: Azerbaijan needs efficiency of public spending

WB: Azerbaijan needs efficiency of public spending

Low oil prices and pressure on the national currency require the private sector of Azerbaijan to overtake the government as the key job creator and driver of the economy. To make further inroads in developing the economy, Azerbaijan needs jobs, especially those created by a private sector. The government is …

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Developing Agriculture to Minimize Import Dependence

Developing Agriculture to Minimize Import Dependence

Azerbaijan is underlying agricultural products exports with ever increasing importance, and agriculture development is one of top priority sections in the State Program on 2014 2018 Socio-Economic Development. Recent changes in the political relations between many countries in the region, especially those neighboring Azerbaijan, greatly affected the economic ties as …

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Ex-Deutsche Bank Russia Equities Head Loses Dismissal Suit

Ex-Deutsche Bank Russia Equities Head Loses Dismissal Suit

The former head of equities at Deutsche Bank AG in Moscow lost a lawsuit over what he claimed was a wrongful dismissal linked to an investigation into possible money laundering at the German lender’s Russian unit. Tim Wiswell said through his lawyer that he would appeal Monday’s decision, handed down …

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Russian Gas Importers Wary of the Hype around Gazprom

Russian Gas Importers Wary of the Hype around Gazprom

The Georgian company Geotransgaz importing Russian gas says that the hype surrounding the negotiations of the Ministry of Energy with the leadership of Gazprom may harm the interests of the companies that import Russian gas for purely commercial purposes. Geotransgaz imports the Russian natural gas on the basis of a …

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Iran Sanctions Seen Lifted by Monday Once Nuclear Deal Verified

Iran Sanctions Seen Lifted by Monday Once Nuclear Deal Verified

decade of sanctions imposed on Iran’s nuclear program may come to an end by Monday, unlocking billions of dollars in frozen accounts and paving the way for a surge in oil exports from the Islamic Republic. The International Atomic Energy Agency is expected to report on Friday that Iran has fulfilled …

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Georgian Wheat Importers Expect Stable Prices

Georgian Wheat Importers Expect Stable Prices

The Russian government lifted  an export duties on grains and the Georgian importers expect stable prices for flour and bread. CBW was told by Levan Silagava, the head of the Association of Bakery Producers. According to him, this is a very positive decision not only for Georgia but for the global wheat …

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