TBILISI, DFWatch–The government in Georgia says it has not yet prepared an action plan for tackling the currency crisis after a drastic drop in the value of the national currency lari over the last few months.
An action plan was expected on March 5, after
TBILISI, DFWatch–As the Georgian lari reached a new record low, the Georgian government’s “economy team” gathered to come up with a plan to save the country’s economy.
The US dollar is valued at 2.1771 laris in the most recent figures from the National Bank
TBILISI, DFWatch–The Georgian government has downgraded its economic growth outlook for 2015 from five to four percent.
Finance Minister Nodar Khaduri said on Thursday that stagnation is expected in all neighboring countries, and this is reflected in the new
TBILISI, DFWatch–Georgia on Thursday signed agreement with the Asian Development Bank (ADB) about financing infrastructure projects.
According to the Ministry of Finance, Minister Nodar Khaduri and Klaus Gerhaeusser, ADB’s General Director, signed the agreement,
TBILISI, DFWatch–Georgia’s budget for next year will be about 9 billion lari (USD 5.3 billion), Finance Minister Nodar Khaduri says.
After the government session on Friday, Khaduri told journalists that a draft budget has been sent to parliament for further review
TBILISI, DFWatch–The president’s reserve fund will be cut from USD 30 million to 15 million for next year.
Finance Minister Nodar Khaduri said Wednesday that two months before the end of the year, the president’s reserve fund is empty.
He said the president spent
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–Minister of Finance Nodar Khaduri has sent out a special statement to ministry employees that makes clear what restrictions they must follow regarding election campaigning.
The statement concerns the Code of Conduct for public servants and includes
TBILISI, DFWatch–Despite the prime minister’s prognosis and the state budget, the minister of economy and the minister of finance say it is impossible to achieve 6 percent economic growth by the end of the year.
Minister of Economy Giorgi Kvirikashvili said on