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Tag Archives: economy

Georgian Bonds Demonstrate the Most Positive Trend in Region

Georgian sovereign bonds at the London Stock Exchange (LSE) was traded at 4.5% yield (April 25-30). The price of state securities (GEORG) slightly decreased to 110.5 USD (-0.3% w/w). Prices of bonds of other regional countries (Azerbaijan, Russia) are stable too: Azerbaijan – 96.8USD with 5.3% yield and Russia – 105.8 …

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100 Days of Kvirikashvili: Consequences on Economy

Three months have passed after the new Prime Minister was appointed in Georgia, but Giorgi Kvirikashvili has voiced many useful initiatives and promises in the past quarter and the Government has already launched implementation of a major part of them. In only January the Prime Minister put forward 4 new …

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The Economy Grew the Most in Mining Through Last Year

The Economy Grew the Most in Mining Through Last Year

The economy grew the most in mining through last year. According to “Sakstat”, as of preliminary data, GDP index of 2015 has mounted to 31,691 billion GEL in the current prices, which exceeds by 8,7% comparing to the same period of the previous year. GDP has been determined by 2,8% comparing …

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Lari Gains Value: Analysis

Lari currency/Georgian money

The GEL exchange rate has been extremely strengthening for the past two weeks. From February 26 to March 18 the GEL exchange rate against USD has strengthened by 0.17 GEL. According to the official exchange rate of the National Bank of Georgia (NBG), the GEL exchange rate against USD stood …

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Georgia Holds First Round of Free Trade Talks With China

Officials from the Georgian Economy Ministry and Chinese Ministry of Commerce held first round of talks on free trade agreement between the two countries in Tbilisi on February 22-23. “We have agreed on a joint goal to complete free trade negotiations by the end of 2016,” Georgian chief negotiator and …

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About Plunge in Real Estate Market Prices: Vakhtang Charaia

VAKHTANG CHARAIA

According to the Ministry of Economy, total supply of office spaces in Tbilisi will increase by 18% as of 2017, while the supply of modern commercial spaces will increase by 50% as of 2017 after the construction of several major shopping malls will be completed. The Tbilisi real estate market …

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Month of Historic Plunge in GEL Rate and Oil Prices

The month of January saw extraordinary economic developments, including the collapse of global oil prices to $27 and the GEL exchange rate historical depreciation are the most important facts. The new initiative by Georgia’s new Prime Minister Giorgi Kvirikashvili should be also stressed, as both the ruling party and opposition …

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Regional Crisis and Its Wayouts

VAKHTANG CHARAIA

Global oil prices are seeing new bottoms every day. The prices have already collapsed beneath  the psychological verge of 30 USD. This tendency would be fully acceptable for the Georgian consumers, but there is one detail: two our neighboring countries (one friendly and one hostile) largely depend on resources of …

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How Russia-Turkey Conflict Impacts on Georgia?

The Russia-Turkey relations have rushed into a blind alley after Turkish fighter aircrafts threw down Russian SU-25 hornet. Some circles have even actualized the issue of abolishing the Karsi Agreement signed in October 1921. Russian President Vladimir Putin accuses personally the family of Turkish President R.T. Erdogan of smuggling crude …

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