TBILISI, DFWatch–The president of Georgia’s National Bank may be impeached after former Prime Minister Bidzina Ivanishvili on Thursday accused him of inaction in the face of a sudden thirty percent drop in the lari.
The National Bank is an independent body whose
TBILISI, DFWatch–Georgia’s National Bank will not spend its reserves of foreign currencies to stabilize the lari despite a dramatic 30 percent drop earlier in the week.
The bank’s president Giorgi Kadagidze explained at a briefing at noon on Friday that
TBILISI, DFWatch–On Thusday, Georgia and Russia resumed their economic and humanitarian talks after a four-month break.
Georgia’s special envoy Zurab Abashidze and Russia’s deputy foreign minister Grigory Karasin discussed trade and reopening
TBILISI, DFWatch–Police in Georgia detained seven people on Thursday for manufacturing and distributing a large amount of counterfeit money.
The Ministry of Internal Affairs announced that a group of criminals were in possession of special equipment for producing
TBILISI, DFWatch–There were several anti-government demonstrations in Tbilisi on Thursday in reaction to the thirty percent drop in the value of the national currency, the lari.
Smaller groups that are not represented in parliament made up the brunt
TBILISI, DFWatch–As the Georgian government is waiting to hear what ideas experts from the IMF have to deal with the weakened national currency, the lari, the former ruling party will be demanding answers at a special session of parliament on Saturday.
TBILISI, DFWatch–Former Georgian Prime Minister Bidzina Ivanishvili weighs in on the question of who is to blame for the more than 30% depreciation of the national currency in recent days.
The businessman blames the National Bank and its head, who he assumes
TBILISI, DFWatch–The lari, Georgia’s embattled national currency, showed signs of recovery on Thursday after both the National Bank and the government announced that they are taking measures to stop it from further depreciation.
In recent days, the national
TBILISI, DFWatch–The Georgian parliament on Wednesday approved Nino Gvenetadze as new Supreme Court chair.
Two hearings on Monday failed because many Georgian Dream representatives didn’t show up and a quorum was not reached. Some were
TBILISI, DFWatch–Pictures of two massive Russian trucks parked in Tbilisi went viral on social media Wednesday and made many think that Russian soldiers had paid Georgia an unwelcome visit.
It caused concern among people to see photos of the trucks, which