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Tag Archives: Economic

NBG Published Economic Growth Forecast

National Bank of Georgia (NBG) expects economic growth within the frame of 4 percent. According to the central bank, the growth will be basically conditioned by increase of total consumption and investments, which will be supported by the fiscal stimulus, infrastructural projects and business environment improvement. Forecast made by the …

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EU-Eastern Partnership Single Economic Zone on Horizon?

EU-Eastern Partnership Single Economic Zone on Horizon?

Foreign ministers of member states of the EU and the Eastern Partnership program are expected to discuss the prospects of creating a single economic space during an informal meeting September 3, 2016 in Bratislava, Slovakia, the Foreign Ministry of Ukraine told Trend. Earlier, Ukrainian Foreign Minister Pavlo Klimkin said that …

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Armenia’s Economic Activity Index Shows Record Decline

Armenia's Economic Activity Index Shows Record Decline

Armenia’s economic activity index decreased by 4.7 percent in July 2016 compared to the same period of 2015. This is a record figure, Aysor.am reported citing Haykakan Zhamanak newspaper. A decline in the country’s economic activity has not been observed yet in 2016, according to the newspaper. Just two weeks ago, Armenia’s …

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Blacks Will take Hundreds of Years to Catch up to White Wealth

Blacks Will take Hundreds of Years to Catch up to White Wealth

The wealth gap between blacks and whites in America will take hundreds of years to close — if ever. If current trends persist, it will take 228 years for black families to accumulate the same amount of wealth as whites, according to a report released this week from the Corporation …

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Polish Economic Development Official due in Azerbaijan

Polish Economic Development Official due in Azerbaijan

Undersecretary of State in the Polish Economic Development Ministry Radoslaw Domagalski-Labedzki will visit Baku on Sept. 25-26, said Poland’s Ambassador to Azerbaijan Marek Calka. Calka made the remarks at a meeting with Azerbaijan’s Energy Minister Natig Aliyev, read a message from Azerbaijani Energy Ministry. A delegation of Entrepreneurs’ Organization, led by …

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PPP Model Ensures Social and Economic Development

PPP Model Ensures Social and Economic Development

Elene Nizharadze PPP Center A major part of the developed countries make focus on the Public to Private Partnership (PPP) model, following results of the successfully implemented PPP projects worldwide (improved social and economic conditions). With special accents on strategic infrastructure and social services, the PPP model is to create and …

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The Effect of Kvirikashvili Brings Effective Results

The Effect of Kvirikashvili Brings Effective Results

First Quarter Saw 10 Years’ Best Economic Indicators. Geostat, the national statistics service of Georgia, has published the macroeconomic indicators of the first quarter of 2016. The report shows that the country has seen similar positive figures for the first time since 2007-2008, when GDP growth was recording 9-12%. According …

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EBRD Increased Economic Growth Forecast to Georgia

EBRD Increased Economic Growth Forecast to Georgia

European Bank for Reconstruction and Development (EBRD) has announced on the economic growth forecast to Georgia. According to Bruno Balvanera, EBRD’s Regional Director, exact figures will be named at the annual meeting in London by the next week. However, it already known, that forecast index will be higher comparing  to …

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