TBILISI, DFWatch–By September 28, Georgia had exported 23.3 million bottles of wine so far in 2015.
3.5 million bottles were exported in September, according to the Agriculture Ministry; the highest monthly rate in 2015.
The export of wine has tripled, compared
TBILISI, DFWatch–Georgia’s National Bank intervened to bolster the flagging currency lari on Tuesday, causing its value to rise four tetris against the US dollar.
The Bank put USD 40 million up for auction, out of which USD 27 million has been sold so far.
The lari currently
TBILISI, DFWatch–The Swedish telecommunications giant TeliaSonera is pulling out of several countries, including Georgia.
All subsidiaries will be put up for sale in Georgia, Uzbekistan, Moldova, Kazakhstan, Azerbaijan and Tajikistan it was announced Thursday.
TBILISI, DFWatch–Farmers continued their protest in the Georgian wine region Kakheti on Monday and clashed with police as they blocked the main highway.
Several people were detained by police as they cleared the road. One member of parliament was attacked.
Georgia’s foreign trade turnover in the first eight months of 2015 was 14 percent less than the year before, according to figures published Monday by the National Statistics Department, Geostat.
TBILISI, DFWatch–In the eastern Georgian region of Kakheti, farmers have been protesting for several days because of low price of grapes, which is their only source of income.
Four people were detained during a protest Thursday in Gurjaani, as farmers blocked the
TBILISI, DFWatch–The Chinese company Dongfang Electric plans to construct a 150 MW thermal power station in Tkibuli, a mining town in western Georgia.
The announcement came during a China visit by Prime Minister Irakli Garibashvili and is further
TBILISI, DFWatch–Direct foreign investments in Georgia went up 81 percent in the second quarter, compared to the same period in 2014.
The jump in foreign investment became known Wednesday as Georgia’s National Statistics Department presented
TBILISI, DFWatch–Georgia’s currency lari has reached its lowest level since 1999, but the government is optimistic and blames media and analysts of being incompetent and engaging in speculating.
The lari is now at 2.416 against the US dollar, near the all-time low
TBILISI, DFWatch–Direct foreign investments in Georgia increased 87 percent in 2014, compared to the year before, according to precise data published by the National Statistics Department.
The report, which was published on Monday, says investments