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
TBILISI, DFWatch–Georgia’s Economy Minister Giorgi Kvirikashvili said Sunday that a week of halted money transfers will not hamper the flow of money sent home by Georgian migrants in Greece.
Banks in Greece shut down last week after the Tsipras government’s
TBILISI, DFWatch–Rustavi Poladi, a smelter plant in a town 20km away from the capital, has fired hundreds of employees because of a lawsuit.
Nugzar Kachukhashvili, Director of Rustavi Poladi Ltd, said at a press conference on Monday that the
TBILISI, DFWatch–There was 34 percent less direct foreign investment in Georgia in the first quarter of 2015 than in the same period last year.
According to preliminary figures from the Georgian National Statistics Department, GeoStat, the amount of foreign investments in the first quarter was
TBILISI, DFWatch–After a period of depreciation, Georgia’s national currency, lari, has started to stablize. The government has cancelled plans to drastically cut the budget.
According to data from the National Bank, one USD is today worth 2.3234 laris. Due to the
TBILISI, DFWatch–The International Monetary Fund (IMF) has further reduced its economic growth outlook for Georgia.
According to the new IMF forecast for 2015 and 2016, Georgia will have 2 percent economic growth in 2015 and 3 percent in 2016, while