TBILISI, DFWatch--Georgia’s National Bank will not spend its reserves of foreign currencies to stabilize the lari despite a dramatic 30 percent drop earlier in the week. The bank’s president Giorgi Kadagidze explained at a briefing at noon on Friday that
TBILISI, DFWatch--On Thusday, Georgia and Russia resumed their economic and humanitarian talks after a four-month break. Georgia's special envoy Zurab Abashidze and Russia's deputy foreign minister Grigory Karasin discussed trade and reopening
TBILISI, DFWatch--Police in Georgia detained seven people on Thursday for manufacturing and distributing a large amount of counterfeit money. The Ministry of Internal Affairs announced that a group of criminals were in possession of special equipment for producing
TBILISI, DFWatch--There were several anti-government demonstrations in Tbilisi on Thursday in reaction to the thirty percent drop in the value of the national currency, the lari. Smaller groups that are not represented in parliament made up the brunt
TBILISI, DFWatch--As the Georgian government is waiting to hear what ideas experts from the IMF have to deal with the weakened national currency, the lari, the former ruling party will be demanding answers at a special session of parliament on Saturday.