TBILISI, DFWatch–Farmers in Kobuleti, a small town on the Black Sea coast, have thrown away part of their mandarin harvest because it rotted before they managed to sell it to the factory.
The farmers say frost destroyed their mandarin and they just have to throw it
TBILISI, DFWatch–The World Bank expects Georgia to have 6.3 percent economic growth in 2014.
The estimate was published in the Bank’s Global Economic Prospects 2014, which reads that the prognosis for economic growth in Georgia in 2014 is 6.3.
TBILISI, DFWatch–Georgia is listed in 22nd place on the Index of Economic Freedom, a ranking which includes 178 countries worldwide.
The list was published Tuesday by the Heritage Foundation and shows Georgia in 22nd place with 72.6 points.
According to the report,
TBILISI, DFWatch–The National Bank of Georgia plans to tighten its monetary policy in case the fall in the exchange rate of lari sets off an inflation.
After falling in value for several months, the Georgian lari (GEL) is now rated at 1.7421 against the US dollar.
TBILISI, DFWatch–The exchange rate of Georgian lari (GEL) continues to fall and is now valued at 1.7466 against the US dollar.
According to the National Bank of Georgia, the lari this year fell by 5.1 percent. The last time it was as low as 1.74 against the dollar was
TBILISI, DFWatch–Georgia’s foreign trade turnover in January-November 2013 was USD 9 681 million. This is four percent more than in the same period last year.
USD 2 618 of this was export – 20 percent more than in 2012. Import amounted to USD 7 064 million
TBILISI, DFWatch–Georgia plans to invest USD 400-700 million in the Shah Deniz project in Azerbaijan, according to Energy Minister Kakhi Kaladze.
Kaladze was in Azerbaijan December 16-17 along with a delegation from the Georgian government who signed a resolution
TBILISI, DFWatch–Foreign pharmaceutical companies are preparing to enter the Georgian market, according to the Health Ministry.
Health Minister Davit Sergeenko said on Friday that foreign pharmaceutical companies plan to start operating in Georgia and negotiations
TBILISI, DFWatch–The amount of direct foreign investments in the third quarter of 2013 was USD 239 million, up three percent from the second quarter.
Investments in third quarter of 2013 was 20 percent more than the same period last year.
Foreign investments
TBILISI, DFWatch–Georgia’s foreign trade turnover in January-October 2013 was USD 8 591 million, according to precise data from Georgian National Statistics Department (Geostat).
This is one percent more than in the same period last year.
The export was USD 2 306