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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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World Banks Issues First Blockchain Bond Raising a $100 Million

The World Bank launched bond-i (blockchain operated new debt instrument), the world’s first bond to be created, allocated, transferred and managed through its life cycle using distributed ledger technology. The two-year bond raised A$110 million, marking the first time that investors have supported the World Bank’s development activities in a …

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World Bank to Assist Government of Georgia in Education Sector Reformation

World Bank Georgia

Georgian Minister of Education Mikheil Batiashvili and Deputy Education Minister Irina Abuladze have discussed key directions of reforms in the education sector at the meeting with World Bank regional director Mercy Tembson. The Education Minister stressed the WB contribution to the development of Georgia and expressed hopes that the World …

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Global Economy to Expand by 3.1 percent in 2018

Despite recent softening, global economic growth will remain robust at 3.1 percent in 2018 before slowing gradually over the next two years, as advanced-economy growth decelerates and the recovery in major commodity-exporting emerging market and developing economies levels off, the World Bank said on Tuesday. “If it can be sustained, …

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