Tbilisi, DFWatch – Rospotrebnadzor, a Russian state customer rights’ service, unexpectedly blocked comeback of Borjomi, the best-known Georgian mineral water brand, to the Russian market for undefined period.
Even though Borjomi
Economy
Twin Deficit
Twin deficit is a situation where a country’s economy is running two deficits at the same time: a fiscal deficit, and a deficit on the current account of the balance of payments. According to the twin deficit hypothesis, persistent fiscal shocks cause a deterioration
Georgia half-way through Russia's quality control for wine
Tbilisi, DFWatch – A second group of Russian experts who should have arrived in Georgia on March 25 to monitor about 40 companies have rescheduled their visit for the beginning of April.
Foreign investments to Georgia drops
TBILISI, DFWatch–Direct foreign investments in Georgia dropped by 47 percent in the fourth quarter of 2012, compared to the previous year, according to a new report by National Statistics Department, GeoStat.
According to preliminary data, the total amount of
Russia approves Georgian wine and fizzy water
TBILISI, DFWatch–The Russian consumer safety bureau Rospotrebnadzor confirms that 36 Georgian wine companies and four mineral water companies are ready to enter the Russian market.
On Wednesday, the agency, which is a federal service for protection consumers’ rights
Price drop for Georgian consumers
TBILISI, DFWatch–The level of inflation did not significantly change in February, 2013, compared to the preceding month.
According to Georgian National Statistics Department, GeoStat, the national currency is up by 0.3 percent.
Price changes in the following
Georgia sees a shift toward processing industry
TBILISI, DFWatch–Georgia’s economy has shifted toward processing industry, after many years of basing its exports on used cars and scrap metal, according to an economy expert.
New figures show that the country’s economy is growing; and now, the export is no longer
Saakashvili's gaffe about Russian banks taking over
TBILISI, DFWatch–President Mikheil Saakashvili is concerned that Russian banks lately have bought two Georgian banks and plan to make more deals with other banks in Georgia.
The Georgian banks in question deny the content of what the president said. Also the banks in
Russia sends experts to examine Georgian wine making
TBILISI, DFWatch–Six Russian experts yesterday landed in Georgia to inspect the production process of wine with an eye to returning the beverage back onto Russian dinner tables.
They are sent here by the Russian consumer protection agency CPS to inspect companies
More money flowing into Georgia
TBILISI, DFWatch–More than USD 94 million was transferred to Georgia from abroad in January, 2013. This is more than USD 10 million more than the same period in 2012.
The total amount of money transfers in January was USD 94.1 million, which is 11.5 percent