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Daily Archives: July 16, 2015

Chinese Yuan Weakens Despite Stock Market Rise

With the market now cooling, the Chinese economy is losing a major boost, adding pressure on the government to take further action. The stock market rise was fast and furious. At their peak in mid-June, China’s main share indexes, the Shanghai and Shenzhen exchanges, had more than doubled over the …

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Greek Parliament Approves Bailout Terms

Greece’s parliament has approved a bill of tough reforms demanded by the country’s creditors in return for a new bailout. The ruling radical Syriza party passed the bill thanks to support from pro-European opposition parties. Several government politicians, including former finance minister Yanis Varoufakis, voted against the measures. It came after Greek Prime …

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Georgian Railway Sets up Special Commission for Settlement of Labor Disputes

According to the 2013-2015 collective agreement and additional agreements with the Georgian Railway’s trade unions, a special commission has been set up for settlement of labor disputes. The commission is staffed by representatives of the Georgian Railway Trade Union and the Georgian Railway Workers’ New Trade Union. The commission operates …

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What Lessons has KaZantip Festival Taught Anaklia Residents?

What lessons has the last year festival of  electronic music Kazantip taught residents of the coastal village of Anaklia? First of all that it is not worth to significantly raise prices during the new festival GEM FEST, which will be held there in the first days of August. Last year, …

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Irma Inashvili: “We Try to Convince Farmers of Modern Systems’ Efficiency”

Agriculture Support Project

Since 2010 Georgia’s Ministry of Agriculture and the International Fund for Agriculture Development (IFAD) have been carrying out the Agriculture Support Project (ASP). The project’s goals are to end infrastructural problems and support farmers’ economic growth. An important part of the project is the rehabilitation of irrigation systems and dealing with …

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Wissol not Agrees with the Competition Agency’s Conclusion

Wissol company was the first among Georgian oil companies fined by the  Competition Agency  who  responded to the  CA  decision saying  that Wissol Pertrolium did not violate any of the requirements of the competition law. The company plans to further prove its case through the legal ways. Wissol Group always …

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Construction of Cube Tower Starts in Batumi

Cube Tower hotel will be built in Batumi with Azerbaijani investment. According to  Mikheil  Dzodzuashvili,  Director of Adog Georgia company engaged in  the  hotel construction, works will start in about ten days. A few days ago Adog Georgia signed a contract with  the construction company ANAGI. Dzodzuashvili says that at least …

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