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World Bank Raised 2019 Growth Forecast for Georgia

According to the new prediction of the World Bank, Georgian economy will grow by 5% this year.  According to the World Bank, Georgia will have the highest economic growth in the Middle East and Central Asian countries. Georgia’s economic growth will be one of the highest in the region. In …

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World Bank Forecasts Azerbaijan’s Economy Growth Coming Year

The World Bank (WB) forecasts Azerbaijan’s economy growth at 3.6 percent in 2019, Trend reports with reference to the “Global Economic Prospects” report by the WB. According to the report, this figure will be 3.3 percent in 2020 and 2.7 percent in 2021. Growth rates in the Europe and Central …

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World Bank Group President Jim Yong Kim to Resign

World Bank Group President Jim Yong Kim today announced that he will be stepping down from his position after more than six years in which the institution’s shareholders provided strong support to multiple initiatives to ensure that the Bank Group retains strong leadership in the world of global development. “It has …

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Georgia Advances to the 6th Position in Doing Business Rating

Georgia has progressed to the 6th position in the World Bank (WB) rating of Doing Business, according to the new report by the World Bank Group. Georgia has essentially improved its indicators among 190 countries and moved to the 6th position from 9th place of 2017, while the country ranked …

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Free University is Among World Bank’s Annual Report

The World Bank Annual Report – The Changing Nature of Work begins with the Free University. Free University is Georgia’s only high educational institution that is included in the report and referred to as a globally successful organization. Quote from the report: The World Bank is an international financial organization …

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Georgia Named among 12 Best Countries for Starting Business

The Reboot Digital Agency has named 12 best countries for starting a business, including Georgia ranks fourth. The agency has used the World Bank’s Doing Business indicators, as well as indicators reflecting the minimum capital for starting business and the time for registering a new business. Georgia’s rating point is …

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