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
TBILISI, DFWatch–Georgia’s foreign trade turnover was reduced by 0.1 percent in the first eight months of 2013, compared to the same period in 2012, according to new figures from Georgian National Statistics Department, GeoStat.
The preliminary foreign trade data
TBILISI, DFWatch–Direct foreign investments in the second quarter 2013 was USD 232 million, according to preliminary information.
This is three percent more than in the first quarter and seven percent more than it was in the second quarter of 2012.
According to
TBILISI, DFWatch–Georgia had 28.2 percent more visitors in August 2013 compared to the same period in 2012, according to the Interior Ministry.
The ministry every month publishes data about visitors. There are three categories of visitors: tourists, transit travel
TBILISI, DFWatch–A third team of Russian experts are coming to Georgia on September 16 to check the quality of wine and mineral water.
The experts come from the consumer protection agency Rospotrebnadzor and will check approximately 30 Georgian wine