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
TBILISI, DFWatch–The National Bank of Georgia further increased the refinancing rate to 6.0 percent on Wednesday.
The Bank’s president, Giorgi Kadagidze, said at a briefing that increasing the refinancing rate by half a percent is a response to an increased
TBILISI, DFWatch–Georgian wine producers may be hit by another Russian embargo as the Kremlin draws up plans to retaliate against the extension of European sanctions.
The Russian consumer safety bureau Rospotrebnadzor apparently is preparing
TBILISI, DFWatch–Georgia’s wine export in the first seven months fell by 46 percent, compared to last year, according to the National Wine Agency.
The agency explains the drop as a result of ‘unstable political economic situation’ in two of the most important
TBILISI, DFWatch–Money transfers from abroad to Georgia in June dropped by 20.8% compared to the same period last year, according to the latest monthly report by the National Bank.
The total amount of money transfer flow in June was $100.4 million
TBILISI, DFWatch–Georgia’s foreign trade turnover in the first half of 2015 was 13 percent less than last year, according to preliminary figures from Georgia’s National Statistics Department, GeoStat.
According to the short monthly report, Georgia’s foreign trade
TBILISI, DFWatch–A Russian and a Georgian diplomat will meet on July 15 in Prague. The Abashidze-Karasin talks are an informal channel for discussing trade and other cooperation between the two countries, which don’t have diplomatic relations.
TBILISI, DFWatch–The National Bank of Georgia advises the government to cut expenses and revise its tax policy in order to avoid currency fluctuation.
The NBG sent parliament its recommendations letter over the adjusted state draft budget 2015, concluding
