The FINANCIAL -- At the end of his official visit to Georgia, PACE President Jean-Claude Mignon has welcomed the democratic transition of power in the country following the parliamentary elections in October 2012, which were generally considered by observers to have been free and fair, according to Council of Europe.

The FINANCIAL -- Sluggish growth in the West is prompting many companies to look further afield for export opportunities. Emerging markets are now major importers as well as exporters and are seeing bigger increases in consumption than developed countries, according to HSBC Group. 

The FINANCIAL -- The housing market in US is in a strong uptrend but the manufacturing sector is beginning to falter. This has fuelled uncertainty about the US economic outlook, according to HSBC Group, including among members of the Federal Open Market Committee (FOMC), which appears to be considering tapering or slowing the pace of quantitative easing (QE), possibly towards the end of 2013.

The FINANCIAL -- The Rezidor Hotel Group Area Vice-President says that the Group would like to have up to ten hotels in Georgia.

The FINANCIAL -- With 166,397 BMW, MINI and Rolls-Royce automobiles delivered worldwide, the BMW Group achieved its best-ever May sales result. A total of 770,025 vehicles have been delivered to customers since the start of the year, the highest sales figures ever for the company in the first five months of the year, according to the BMW Group.

The FINANCIAL -- Since the agriculture sector has become one of the priorities of the new government in Georgia experts expect agricultural insurance to soon become one of the leading insurance products in Georgia.