Economy

Foreign trade turnover fell 4% Jan-Apr 2013

by | May 16
foreign trade -

TBILISI, DFWatch--According to preliminary data, Georgia’s foreign trade turnover has decreased by four percent in the months January through April ...

Economy

Used cars remains Georgia’s biggest export product

by | Apr 25
foreign trade

TBILISI, DFWatch--Georgia's foreign trade turnover in the first three months of 2013 was USD 2 144 million. This is five ...

Economy

PayPal enters Georgia

by | Apr 12
USA2Georgia-02

TBILISI, DFWatch--The e-commerce company PayPal will now offer its services in the country Georgia. It is not easy to get onto ...

Economy

Russia allows import of Georgia’s Borjomi mineral water

by | Apr 11
borjomi mineral water

TBILISI, DFWatch--After a second round of inspection, the Georgian mineral water Borjomi has been allowed to export to Russia. The watershed ...

Economy

Russia balks Borjomi comeback to its market

by | Apr 2
leftBannerBig

Tbilisi, DFWatch - Rospotrebnadzor, a Russian state customer rights’ service, unexpectedly blocked comeback of Borjomi, the best-known Georgian mineral water ...

Economy, Opinion

Twin Deficit

by | Apr 1
Irina Guruli is program coordinator at the Economic Policy Research Center.

Twin deficit is a situation where a country’s economy is running two deficits at the same time: a fiscal deficit, ...

Economy

Georgia half-way through Russia’s quality control for wine

by | Mar 27
Georgian-wine-bottles

Tbilisi, DFWatch - A second group of Russian experts who should have arrived in Georgia on March 25 to monitor ...

Economy

Foreign investments to Georgia drops

by | Mar 11
Cash

TBILISI, DFWatch--Direct foreign investments in Georgia dropped by 47 percent in the fourth quarter of 2012, compared to the previous ...

Economy

Russia approves Georgian wine and fizzy water

by | Mar 6
Davit Davitashvili

TBILISI, DFWatch--The Russian consumer safety bureau Rospotrebnadzor confirms that 36 Georgian wine companies and four mineral water companies are ready ...

Economy

Price drop for Georgian consumers

by | Mar 5
woman sitting street

TBILISI, DFWatch--The level of inflation did not significantly change in February, 2013, compared to the preceding month. According to Georgian National ...

Economy

Georgia sees a shift toward processing industry

by | Mar 1
black-cars-interior-ministry

TBILISI, DFWatch--Georgia's economy has shifted toward processing industry, after many years of basing its exports on used cars and scrap ...

Economy

Saakashvili’s gaffe about Russian banks taking over

by | Feb 28
mikheil saakashvili - tv interview 2013-02-26

TBILISI, DFWatch--President Mikheil Saakashvili is concerned that Russian banks lately have bought two Georgian banks and plan to make more ...

Economy

Russia sends experts to examine Georgian wine making

by | Feb 26
Davit Davitashvili

TBILISI, DFWatch--Six Russian experts yesterday landed in Georgia to inspect the production process of wine with an eye to returning ...

Economy

More money flowing into Georgia

by | Feb 18
money cash

TBILISI, DFWatch--More than USD 94 million was transferred to Georgia from abroad in January, 2013. This is more than USD ...

Economy

Georgia expects 6 % growth in 2013

by | Feb 7
Nodar-Khaduri

TBILISI, DFWatch -- Georgia’s finance minister Nodar Khaduri says the government expects 6 % growth in 2013, low inflation and ...

Economy

Georgia’s foreign trade sees sharp drop

by | Jan 28
vano merabishvili

TBILISI, DFWatch -- Georgia's foreign trade turnover experienced a sharp downward trend at the end of 2012, according to precise ...

Economy

Ivanishvili to attend Russian breakfast in Davos

by | Jan 24
bidzina ivanishvili 2012-11-22 - press conf 2

TBILISI, DFWatch -- Georgia’s Prime Minister Bidzina Ivanishvili is invited to a Russian breakfast on Friday at the World Economic ...

Economy

Petitioning to decriminalize white collar crime

by | Jan 23
Vano Merabishvili

TBILISI, DFWatch -- The party of President Mikheil Saakashvili has started a campaign to gather signatures in support of his ...

Economy

Georgia’s foreign trade turnover grew 11%

by | Jan 20
cash money IPN

TBILISI, DFWatch -- Georgia’s foreign trade turnover increased by 11 percent in 2012 compared to the previous year. Georgia’s National Statistics ...

Economy

Georgia is losing out on foreign investments

by | Dec 14
National_Bank

TBILISI, DFWatch -- Georgia’s direct foreign investments have significantly decreased in the third quarter of 2012 compared to the same ...

Economy

LSE wants to educate Georgian business leaders

by | Nov 29
London_Stock_Exchange_Copyright_Kaihsu_Tai

TBILISI, DFWatch -- What does it take to get a company listed on London Stock Exchange (LSE)? That was one ...

Economy

Georgia’s trade turnover grows 15 percent Jan.-Oct. 12

by | Nov 27
Cash

TBILISI, DFWatch -- Georgia increased its foreign trade turnover with 15 percent in the first ten months of 2012. In plain ...

Economy

Gulf owner buys more shares in company

by | Nov 26
gulf oil

TBILISI, DFWatch -- One of Georgia's richest businessmen increased his share of ownership in one of the country's largest chains ...

Economy

Minimum wage increased one dollar in October

by | Nov 19
unemployed union

TBILISI, DFWatch -- The minimum wage has increased by about one dollar in October compared to September, 2012, according to ...

Economy

Russia considers lifting embargo on Georgian wine

by | Nov 16
Georgian wine bottles

TBILISI, DFWatch -- Moscow is ready to consider allowing Georgian wine back onto the Russian market. Andrei Denisov, First Deputy Foreign ...

Economy

Enguri hydro power station is still on Georgian hands

by | Nov 7
kakhi kaladze

TBILISI, DFWatch -- Georgia’s Energy Minister says Enguri hydro power station has not been sold but is the property of ...

Economy

Ivanishvili practically shuts down Georgia’s Security Council

by | Nov 6
bidzina ivanishvili parliament 2012-10-24

TBILISI, DFWatch -- One of the controversial cuts Prime Minister Ivanishvili wants to make in next year's budget is to ...

Economy

Interest rates will drop, says Bank Association

by | Nov 2
National_Bank

TBILISI, DFWatch -- The president of the Georgian Bank Association says the interest rate on loans will go down. Zurab Gvasalia ...

Economy

Government considers planned new city Lazika

by | Oct 28
Lazika_city

TBILISI, DFWatch -- The new government has still not decided whether to implement Saakashvili’s idea of building a completely new ...

Economy

Georgia continues to increase its foreign trade

by | Oct 26
Cash

TBILISI, DFWatch -- New nine month figures from 2012 show a 16 percent increase in foreign trade turnover compared to ...

Economy

Confusion over Georgia’s state financial assets

by | Oct 26
nodar khaduri

TBILISI, DFWatch -- The outgoing and new government disagree over the size of the state coffers. Former government members claim that ...

Economy

Saakashvili hands over record state coffers

by | Oct 9
Cash

TBILISI, DFWatch -- Georgia's state accounts by are by September 2012 at one of the highest levels during the past ...

Economy

High expectations about low prices

by | Oct 7
fuel_gas_pump_petrol

TBILISI, DFWatch -- One of the largest petrol companies reduced the price of petrol by 8 tetris. A spokesman for ...

Economy

Energy gets largest share of investment

by | Sep 18
hydropower_dam

TBILISI, DFWatch – The energy sector receives the largest share of direct foreign investments this year. Investments increased 7 percent in ...

Economy

Ivanishvili sells off his last asset in Russia

by | Sep 11
bidzina_ivanishvili

TBILISI, DFWatch - Georgia's richest says he has sold his last assets in Russia. A US fund purchases Stolenskaya Niva ...

Economy

SGS to monitor goods across Russia-Georgia border

by | Aug 23
larsi

TBILISI, DFWatch – The Swiss company SGS will monitor the movement of goods on Russian-Georgian border from September 1, 2012. November ...

Economy

Cartu Bank fined USD 12 million

by | Aug 22
nodar_javakhishvili

TBILISI, DFWatch – A Georgian bank affiliated with the largest opposition bloc has been fined with USD 11 609 500 ...

Economy

Fuel prices go up 2 % in Georgia

by | Aug 8
gas_station

TBILISI, DFWatch – Prices for all types of fuel have gone up 5 tetri in Georgia, which is a two ...

Economy

Temporary regulations affects Georgian banking sector

by | Aug 6
cartu_group

TBILISI, DFWatch – A new report shows that legislative changes ushered in by the Georgian government to counter the influence ...

Economy

Price fixing in Georgian food and fuel market 

by | Aug 5
fuel_gas_pump_petrol

TBILISI, DFWatch - A new survey says that the fuel and food market in Georgia is an oligopoly.  The new study ...

Economy

Merabishvili presents USD 12 billion action plan

by | Jul 3
vano_merabishvili_IPN

TBILISI, DFWatch – The government plans to spend four billion lari to develop agriculture, six billion on pensions, three billion ...

Economy

Agriculture and tourism failing: new report

by | Jun 30
saakashvili_tractor_IPN

TBILISI, DFWatch - A new report shows that President Saakashvili turned his back on Georgian farmers in order to develop ...

Economy

How pro-government TV sees Georgia’s weak labor code

by | May 21
120px-Rustavi_2_logo

TBILISI, DFWatch – The labor code should contribute to employment, faster investments and motivate investors, and only after this may ...

Economy

Georgia’s labor code allows firing someone for political views

by | May 18
kutaisi_workers_strike

TBILISI, DFWatch - There are two articles in Georgia’s Labor Code which entitles employers to terminate a labor contract without ...

Economy

Georgia stopped publishing statistics on work place deaths

by | May 11
kutaisi_workers_strike

TBILISI, DFWatch - According to unofficial information, 13 people died in the work place in 2011 in Georgia. No official numbers ...

Economy

As Elit Electronics takeover is completed, ex-owner fights on

by | Apr 23
anzor_kikodze

TBILISI, DFWatch - One of the largest electronics chains in Georgia has been taken away from its founder, as the ...

Economy

Why do many Georgians give their property to the state?

by | Apr 21
anzor_kikodze

TBILISI, DFWatch - There are many reports in Georgia these days of deprivation of property rights. People abandon their property ...

Economy

Seeds of prosperity between Georgia and Armenia?

by | Apr 20
farmers

TBILISI, DFWatch - How can Armenia and Georgia create more growth – literally – in their border region? Agriculture was ...

Economy

Taxi drivers in Tbilisi hit by rising fuel price

by | Apr 14
taxi_drivers_frontpage

TBILISI, DFWatch - Givi Maisuradze (41) is one of many independent taxi drivers in Georgia’s capital Tbilisi. He works day and ...

Economy

As winter freeze hits Tbilisi, the garbage fee jumps

by | Feb 8
snow_garbage_bin_car

TBILISI, DFWatch - Among all the other problems the weather is causing, Tbilisi citizens have one more worry: Their garbage ...

Economy

Bankrupcy left workers in crisis

by | Jan 10
P1010287

TBILISI, DFWatch - Nodar has been working in Georgia's mountainous Bakuriani region for three years with his team of construction ...

Economy

Investment climate used to justify weak worker security

by | Dec 21
kutaisi_strike_2011-09-26_005

TBILISI, DFWatch - Georgian workers have almost no job security due to a weak labor code. This is a conscious ...

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