Georgia bids farewell to national navy
Georgian Defense Minister Tina Khidasheli announced Georgia's inability to restore the navy of the country in the foreseeable future due to the lack of money for the purpose. According to Khidasheli, …
Georgian economy
page 7
Azerbaijan becomes leader for investments in Georgia
According to the results of 2015, Azerbaijan ranked first in terms of volume of direct investments in Georgia. In total, $1.351 billion were invested in Georgia's economy in 2015 and Azerbaijan has invested $542 million, abc.az …
Georgian press review (February 26 - March 3)
The attempted assassination of Alexi Petriashvili, conflict between Tina Khidasheli and Gogi Topadze, strengthening of lari exchange rate and military reform
How has the Georgian Military Road turned into hell?
Previously, many drivers didn’t know about the problems of the road connecting the South Caucasus and Russia
Georgia-2015: Disappointment and new hopes
The ability of the government to maintain a balance between centers of power is an achievement of 2015 that inspires hope for the future
Georgian-Kazakhstan relations getting tense
Astana has finally decided to withdraw state investments from Georgia, which are welcomed in the whole world
Georgian MPs amend state budget for current year
Today at a plenary session the Georgian parliament made amendments to the law "On the State Budget of Georgia for 2015", which provide for an increase in the plan on tax revenues amounting to 120 million laris ($50 million). …
Garibashvili: lari is over the worst
The Prime Minister of Georgia, Irakli Garibashvili, has spoken about the completion of the depreciation of the lari and its transition to stabilization. "The lari exchange rate has reached its peak, at this stage we ...
Georgian dream about free trade with Europe
Why didn’t hopes for opening the European market to Georgian goods come true?
Garibashvili: our main goal is to create many jobs
Currently, the main task of the Georgian Government is to create as many jobs in the country as possible, Georgian Prime Minister Irakli Garibashvili said. "Our main task is to increase Georgia's economy to …
Georgia's GDP grows 2.6% in first half of year
Georgia's economy grew by 3.1% in June in comparison with the same period last year, the National Statistics Service of Georgia said. Total economic growth in the first half of 2015 was 2.6% in comparison with ...
Ivanishvili introduces a new analytical program on TV
Georgia’s former prime minister, Bidzina Ivanishvili, has launched an analytical TV show called '20/30', on his family-owned GDS TV channel.According to him, it is necessary "to provide qualified analysis of developments in Georgia."
Georgian press review (February 19-26)
The unfavorable economic situation in the country is explained by the continuing fall of the lari
Unstable Russian currency rate will not affect Georgian exports
Georgian Minister for Agriculture Otar Danelia said that devaluation of the Russian ruble will not have a negative impact on Georgian exports. He noted that export indicators of 2013 had been calculated, so subsidies had been spent on citrus fruit processing, Trend reports.Georgian exporters have recently been complaining about loss of profit and sales of Georgian wine in Russia because of the weakening Russian currency.
Farhad Amirbayov: "Azerbaijan's economy is larger than the economies of Georgia and Armenia put together"
Co-founder of the North-South center, vice-president of the Consulting-Analysis-PR union Ismail Agakishiev, and President of the Baku Interbank Currency Exchange Farhad Amirbekov.
Bendukidze’s body to be examined in London
The body of Kakha Bendukidze, an ex-minister for economy of Georgia, an advisor of the Ukrainian president, will be examined in London, said Georgian ex-Deputy Minister for Economy Vakhtang Lezhava, TASS reports.Bendukidze died in London on November 13. He will be buried in Tbilisi. The day of the funeral has not been named.
"Produce in Georgia": business dream at the expense of taxpayers?
"Produce in Georgia": business dream at the expense of taxpayers?The state program "Produce in Georgia" presented on Monday by Prime Minister Irakli Garibashvili has been approved by the government. The Minister of Agriculture, Shalva Pipia, said that this program will cover a number of areas which contribute to the development of local production. The project will be implemented jointly by the Ministry of Agriculture and the Ministry of Finance. One of the key aspects of the state program is the participation of the state in giving loans to businesses. The program promises $2 million to entrepreneurs who want to start new businesses.The state will pay at least 10% of the interest rate on a loan given by a bank. The state program was welcomed by Georgian banks, who expressed their readiness to finance competitive projects initiated by large and medium-sized businesses. However, economists of the country are skeptical about the program. Thus, the founder of the NGO "Marketing", Mamuka Pagava, said in an interview to VK that a program like that had already been developed in Georgia once and had failed. Pagava believes that this time the program will fail as well.The expert believes that the project will fail due to the fact that businesses will have no personal liability for loans. "Capitalism has been developing for 500 years based on personal responsibility. This principle is the core of market relations. All financial crises in the world, including the last one, which began in 2008, were the result of government intervention in market relations and the willingness to burden taxpayers with the risks of others," he said.The state program "Produce in Georgia" presented on Monday by Prime Minister Irakli Garibashvili has been approved by the government.
Georgia raises prices for export wine
Most Georgian wine companies have already raised the prices of their exports. Production prices have risen since the end of 2013, and it affected the main export markets."Prices rose only for red wine, and this is caused by an increase in product demand and a rise in price of grapes in Georgia. Export wine has risen in price by 10-20%, but in Georgia prices have not changed," Business-Georgia quotes the General Director of "Tbilvino", Georgii Margvelashvili.
Letters from a Georgian prison
Ex-prime minister lists 20 mistakes of the government
The Caucasus press review (November 4-10)
Local media sources on Caucasus affairs
