Daily Archives: May 15, 2015

EBRD downgrades Georgia’s 2015 growth forecast to 2.5%

By | May 15th, 2015|Categories: News|Tags: , |

(Interpressnews.) TBILISI, DFWatch–A new report published by the European Bank for Reconstruction and Development (EBRD) predicts only 2.5 percent economic growth in Georgia in 2015. In January, the bank predicted 4.2 percent growth this year. The low growth prediction for Georgia […]

Kaladze: ‘National Bank could have monitored large bank transactions’

By | May 15th, 2015|Categories: News|Tags: , |

Kakhi Kaladze. (Interpressnews) TBILISI, DFWatch–Georgia’s vice prime minister claims the National Bank could have helped stabilize the lari by monitoring large bank transactions in and out of the country. Energy Minister Kakhi Kaladze said this during an appearance on the talk show 2030 […]

Heavy rain cuts electricity for 6,000 in eastern Georgia

By | May 15th, 2015|Categories: In brief|Tags: |

(Interpressnews.) TBILISI, DFWatch–Heavy rain caused problems for villagers and farmers in eastern Georgia, destroying their harvest and killing livestock. More than 6,000 people are without electricity. Among the affected areas are Pankisi, Akhmeta and Lagodekhi. The river Alazani […]

Port workers end strike in Poti

By | May 15th, 2015|Categories: In brief|Tags: |

(Interpressnews.) TBILISI, DFWatch–A ten-day strike among port workers has ended in Poti, in western Georgia. More than 600 workers demanded a 14 percent pay rise. In addition, they demanded an annual award, called a ‘13th paycheck,’ and to review the content of their collective […]