Georgia’s foreign trade turnover in the first eight months of 2015 was 14 percent less than the year before, according to figures published Monday by the National Statistics Department, Geostat.
Georgia’s foreign trade turnover down 14% Jan-Aug ’15
Economy
Farmers in eastern Georgia block road in protest against low grape prices
TBILISI, DFWatch–In the eastern Georgian region of Kakheti, farmers have been protesting for several days because of low price of grapes, which is their only source of income.
Four people were detained during a protest Thursday in Gurjaani, as farmers blocked the
New Chinese thermal power station and train factory planned in Georgia
TBILISI, DFWatch–The Chinese company Dongfang Electric plans to construct a 150 MW thermal power station in Tkibuli, a mining town in western Georgia.
The announcement came during a China visit by Prime Minister Irakli Garibashvili and is further
Foreign investment up 81% in Q2 of 2015
TBILISI, DFWatch–Direct foreign investments in Georgia went up 81 percent in the second quarter, compared to the same period in 2014.
The jump in foreign investment became known Wednesday as Georgia’s National Statistics Department presented
PM urges calm as Georgian lari reaches lowest level since 1999
TBILISI, DFWatch–Georgia’s currency lari has reached its lowest level since 1999, but the government is optimistic and blames media and analysts of being incompetent and engaging in speculating.
The lari is now at 2.416 against the US dollar, near the all-time low
Foreign investments in Georgia increased 87% in 2014
TBILISI, DFWatch–Direct foreign investments in Georgia increased 87 percent in 2014, compared to the year before, according to precise data published by the National Statistics Department.
The report, which was published on Monday, says investments
Georgia's National Bank adjusts refinancing rate up to 6%
TBILISI, DFWatch–The National Bank of Georgia further increased the refinancing rate to 6.0 percent on Wednesday.
The Bank’s president, Giorgi Kadagidze, said at a briefing that increasing the refinancing rate by half a percent is a response to an increased
Russia weighing new ban on import of Georgian wine
TBILISI, DFWatch–Georgian wine producers may be hit by another Russian embargo as the Kremlin draws up plans to retaliate against the extension of European sanctions.
The Russian consumer safety bureau Rospotrebnadzor apparently is preparing
Drop in Georgian wine export explained by problems in Russia and Ukraine
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