TBILISI, DFWatch–The European Bank for Reconstruction and Development (EBRD) has downgraded its prognosis for Georgia’s economic growth in 2013 from 3 to 2 percent.
EBRD said a few days ago that the GDP growth will also be reduced from 5 to 4 percent and the level of
TBILISI, DFWatch–The exchange rate of Georgian lari against the US dollar and the euro has fallen.
November 8, the exchange rate of lari against USD was 1.6793. November 7 it was 1.6737. The rate has been falling for one week. October 29 it was 1.6675.
The Georgian lari
TBILISI, DFWatch–There were 14.1 percent more visitors to Georgia in October, compared to last year, according to the Interior Ministry’s monthly report.
The number of visitors in October was 480 510. In the entire first ten months of this year, there were 4 556
TBILISI, DFWatch–Georgia’s foreign trade turnover fell by a negligible 0.1 percent in the first nine months of 2013, compared to last year, to USD 7 585 million.
USD 2 019 out of this was export, which is 14 percent more than last year, while the import was USD 5
TBILISI, DFWatch–The government of Georgia disagrees with a prognosis by the International Monetary Fund (IMF) indicating that Georgia’s economic growth will experience a further slowdown.
Finance Minister Nodar Khaduri said Friday that the government has been
TBILISI, DFWatch–The International Monetary Fund (IMF) has downgraded its prognosis for Georgia’s economic growth this year from 6 to 2.5 percent.
In the beginning of 2013, IMF assumed Georgia would have 6 percent growth, but then reduced the prognosis to 4 percent
TBILISI, DFWatch–Russia has refused to let seven Georgian wine producers export 28 types of wines to the Russian market ‘due to non-compliance with hygienic standards.’
The official website of the Russian consumer protection agency Rospotrebnadzor published a list
TBILISI, DFWatch–A new 154 kilovolt transmission line will be built between Georgia and Turkey.
Energy Minister Kakhi Kaladze and Nikolay Nikolov, Vice Director of Energo-Pro Georgia signed the memorandum of understanding Monday.
A memorandum was first signed in 2009,
TBILISI, DFWatch–81 companies have received and produced the highest amounts of grapes for decades, according to the Agriculture Ministry: 80 097.6 tons of grapes have already been processed this season. Last year, the number was 52 000 tons.
Of Saperavi, one of the
TBILISI, DFWatch–Georgia’s economy is growing and will grow faster after the presidential election, the country’s economy minister said before the opening of a business forum on Friday.
Saakashvili’s party, the National Movement, has frequently criticized the