TBILISI, DFWatch–The first train along a new route from China to Turkey, bypassing Russia, arrived in Tbilisi Sunday morning.
The arrival of the 21 wagon train, whose final destination is Istanbul, marks the official opening of the Silk Road, the Georgian
TBILISI, DFWatch–Direct foreign investments in Georgia was 33 percent lower in the third quarter of 2015 than in the same period last year, according to preliminary data from the National Statistics Department.
Direct foreign investments amounted to USD 489 million
TBILISI, DFWatch–In first nine months of 2015, Georgia’s foreign trade turnover was 14 percent less than in the same period last year.
According to a preliminary monthly report published by the National Statistics Department, the foreign trade turnover in January-October
TBILISI, DFWatch–Georgia’s National Bank has presented the design of the new lari banknotes, which will go into circulation in 2016.
The denominations that will get a facelift are 20, 50 and 100 lari. They will go into circulation alongside the old banknotes.
National Bank
Tbilisi, DFWatch – Georgia ranked 24th among 189 countries, and still the first among post-Soviet countries, except Baltic States, in Doing Business 2016, a World Bank annual report that measures the costs to firms of business regulations, published on Wednesday, a way below of its 15th position last year.
TBILISI, DFWatch–Remittances to Georgia in September went down 32.9 percent compared to last year, according to the latest monthly report by the National Bank.
Remittances, or money that individuals send home to relatives from particularly Russia and Europe,
TBILISI, DFWatch–Chinese investors are considering building a new toll road through Rikoti Pass, connecting the eastern and western parts of Georgia.
The regional development minister said Thursday during the Silk Road Forum that passing a road through Rikoti may
TBILISI, DFWatch–Georgia’s Constitutional Court has suspended the work of a newly created agency that was to take over the supervision of private banks; previously the responsibility of the National Bank.
The ruling was made during a lawsuit against the parliament
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