TBILISI, DFWatch — Georgia’s direct foreign investments have significantly decreased in the third quarter of 2012 compared to the same period in 2011, according to Georgia’s National Statistics Department, Geostat.
According to the new report, the total amount
TBILISI, DFWatch — What does it take to get a company listed on London Stock Exchange (LSE)? That was one of the questions addressed at a conference in Tbilisi Tuesday, and who better to hear it from than the LSE itself, which organized the event.
The goal of the
TBILISI, DFWatch — Georgia increased its foreign trade turnover with 15 percent in the first ten months of 2012.
In plain numbers it totaled USD 8 521 million. Out of this, export was USD 1 985 million, while import was USD 6 536 million.
The country’s negative
TBILISI, DFWatch — One of Georgia’s richest businessmen increased his share of ownership in one of the country’s largest chains of petrol stations.
Davit Iakobashvili is the largest shareholder in Gulf Company. According to Gulf’s press office, he has now increased
TBILISI, DFWatch — The minimum wage has increased by about one dollar in October compared to September, 2012, according to Georgia’s National Statistics Department.
According to GeoStat, the minimum wage for men of working age has increased from USD 89.7 to USD 90.7;
TBILISI, DFWatch — Moscow is ready to consider allowing Georgian wine back onto the Russian market.
Andrei Denisov, First Deputy Foreign Minister, said on Wednesday that there is a willingness on both sides to study the issue.
“If we talk about specific cases, it is
TBILISI, DFWatch — Georgia’s Energy Minister says Enguri hydro power station has not been sold but is the property of Georgia. He says there were negotiations regarding the facility but they were suspended.
Energy Minister Kakhi Kaladze does not comment about
TBILISI, DFWatch — One of the controversial cuts Prime Minister Ivanishvili wants to make in next year’s budget is to reduce funding for Georgia’s National Security Council – which had a central role in protecting the country in the 2008 war – from USD 15 million
TBILISI, DFWatch — The president of the Georgian Bank Association says the interest rate on loans will go down.
Zurab Gvasalia said there is already a trend of falling interest rates on loans, but he thinks it is impossible to decrease the rates immediately.
In
TBILISI, DFWatch — The new government has still not decided whether to implement Saakashvili’s idea of building a completely new city Lazika in Georgia.
The new government have different ideas about the plan to build a city with half a million people on the Black