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Tag Archives: economy

Internet Market Is Saturated With Provider Companies, But Monopoly Still Runs

How the 2 billion GEL Universal Internetization Project Proceeds On August 14, 2015 the Georgian Economy Ministry Agency for Innovations and Technologies sealed an agreement with Detecon company, a member of the German Deutsche Telekom Group. The agency announced an inauguration of developing universal high-speed internet infrastructure in Georgia. Under …

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The Silk Road Forum Tbilisi 2015

Silk Road Forum 2015

Between October 15-16, Tbilisi will host the Silk Road Forum 2015. For many these words are associated with the caravans loaded with silk and spices from China traveling over the deserts, steppes, forests, and mountains all the way to Europe and the British Isles. Caravans are gone, but the Silk Road …

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Georgia-Russia Air Passenger Numbers 92% Up — Economy Minister

National Tourism Administration's Budget will Increase by 6 m

Georgia’s Minister of Economy Dimitri Kumsishvili discussed the profit Georgia earned by letting the Russian airlines enter Georgian air market. Georgia is enjoying significant financial and economic benefits since launching direct flights between Georgia and Russia, Agenda.ge reports. Latest figures revealed increasing numbers of people traveling between the two nations …

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Georgia Records Major Improvement in Budget Transparency Ranking


According to The International Budget Partnership, Georgia takes 16th place among 102 countries in the Open Budget Index 2015. Georgia as improved public access to budget information slightly over the past three years, according to the Open Budget Survey 2015. It is worth mentioning that receiving such points Georgia could be …

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Foreign Direct Investments up 81% in Q2


According to preliminary data of National Statistics office of Georgia Foreign direct investments  in Georgia amounted to USD 355 million in Q2 2015 up 81 percent from the adjusted data of Q2 2014. The total sum of inflow to Georgia during the second quarter of 2015 amounted to $530 million while …

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Georgia Strengthens Economic Ties With China

The Prime Minister of Georgia and a delegation of Georgian officials are on their way to China for a five-day working visit. During the September 9-13 trip, Prime Minister Irakli Garibashvili and the Georgian delegation will meet Chinese leaders and representatives of large Chinese companies, and will sign important agreements …

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2015 Tbilisi International Conference

On September 7-8, 2015, The McCain Institute for International Leadership, in partnership with the Economic Policy Research Center, hosted a major international conference in Tbilisi, Georgia: Europe’s New Geopolitical Landscape: Security, Economic Opportunity, Freedom and Human Dignity for the Frontline States. The two-day conference took place at the Tbilisi Rooms Hotel in …

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What If 2008 Crisis Comes Around Again?

crisis 2008

By the end of the week, stocks, currencies and commodity prices weren’t crashing any longer but financial markets were far from settled. Over the past 10 days, markets have plummeted, paused, recovered and fallen again. There’s little sign the anxiety is lifting. Until recently investors had been preoccupied with the …

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Volume of Exports From Georgia to Turkey Decreases by 14%

Georgia-Turkey exports

The volume of export from Georgia to Turkey decreased by 14 percent (by $20.2 million) and amounted to more than $ 125 million – 5.7 percent of Georgia’s total exports in January-July 2015 compared to January-July 2014, the Georgian National Statistics Service said. In particular, semi-finished ironed items or non-alloy steel …

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Brazil’s Economy Enters Recession


Brazil has entered recession after official figures showed the country’s economy contracted by 1.9% between April and June compared with the previous three months. Analysts had expected a contraction, but the number was worse than expected. First quarter output was also revised down to show a 0.7%, rather than a …

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Switzerland Avoided a Recession


Switzerland unexpectedly avoided a recession last quarter as investment and private consumption helped return the economy to growth. Gross domestic product increased 0.2 percent in the three months through June, after a contraction of 0.2 percent in the previous quarter, the State Secretariat for Economic Affairs in Bern said on …

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