TBILISI, DFWatch–20 000 bottles of cognac were Tuesday sent to Russia to be sold there. This is the first time Georgian beverages are sold in Russia after it imposed an embargo on Georgian products in 2006.
Levan Davitashvili, Chair of the National Wine Agency
TBILISI, DFWatch–The number of employed in the business sector has increased by 16 000 in the first quarter of 2013 compared to the same period in 2012, but the number has decreased by 42 000 compared to the fourth quarter of 2012.
In the first quarter of 2013,
TBILISI, DFWatch–Georgian Food Safety Service responds to the Russian chief sanitary inspector, who said that Georgia was planning ‘bio-sabotage’ in Russia.
Veriko Gulua, head of the Service’s press office told DF Watch that this statement is groundless
TBILISI, DFWatch–Georgia’s foreign trade turnover in January-April 2013 fell by 4 percent compared to the same period in 2012.
The trade turnover with EU was reduced by 13 percent, while the negative net trade balance with CIS countries went down 57 percent.
TBILISI, DFWatch–According to preliminary data, Georgia’s foreign trade turnover has decreased by four percent in the months January through April of 2013, compared to the same period in the preceding year.
The total foreign trade turnover in this period totaled
TBILISI, DFWatch–Georgia’s foreign trade turnover in the first three months of 2013 was USD 2 144 million. This is five percent less than in the preceding period, according to a new report by Georgia’s National Statistics Department, Geostat.
Export amounted to
TBILISI, DFWatch–The e-commerce company PayPal will now offer its services in the country Georgia.
It is not easy to get onto the company’s list of countries it covers, Deputy Economy Minister Dimitry Kumsishvili said Thursday.
“But thanks to the efforts
TBILISI, DFWatch–After a second round of inspection, the Georgian mineral water Borjomi has been allowed to export to Russia.
The watershed decision became known in Russian media on Thursday. Russian customer rights’ service known as Rospotrebnadzor has completed
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
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