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WHO included aerosol transmission in a new coronavirus FAQ

WHO published a new version of its list of frequently asked questions about COVID-19. It’s the first time the WHO has acknowledged the virus can travel in the air and linger longer than previously thought. Aerosol transmission involves secretions in particles much smaller than those released when a person coughs or sneezes. These particles are produced by speaking loudly, singing or even ...

May 2020 | Georgian Consumer Confidence: Revival in May

A nationally representative sample of around 350 Georgians, interviewed in early May, reveals that Georgian Consumer Confidence rose in May compared to the prior month, by 8.1 index points, from ...

South Caucasus Economy is forecast to contract by 3.1% this year

Recent developments: The COVID-19 pandemic has adversely affected Europe and Central Asia through the collapse in global commodity prices, disruptions to global and regional supply chains, and ...

What Trump Said About China

The FINANCIAL -- “China’s pattern of misconduct is well known. For decades, they have ripped off the United States like no one has ever done before. Hundreds of billions of dollars a year were ...

ICC Georgia back to work after 75 days of forced “holidays”

The FINANCIAL -- It will be very hard to sell Georgia as an attractive destination for foreign investments., Fady Asly, ICC Georgia President told The FINANCIAL while answering questions related to ...

Majority of companies in Georgia reduced their employees, survey

The FINANCIAL -- Decrease in demand is the most significant side effect of COVID-19 in georgia, according to study by PwC Georgia together with the Investors Council. Decrease in demand meaningfully ...

TIS Raises $20m as Demand Grows for its Leading SaaS B2B Payment Platform

The FINANCIAL _- TIS (Treasury Intelligence Solutions), a leading cloud platform for managing corporate payments and cash flows, has announced it has raised $20 million in additional financing led ...

The US approved the bill according to which, 15 % of the funds available to the Georgian Govt are conditioned

The House Appropriations Committee on July 9 approved the fiscal year 2021 State, Foreign Operations, and Related Programs bill on a vote of 29 to 21. The legislation funds the Department of State, ...

EU, Austria, and Sweden announced €860,000 grant for tourism development in the mountainous regions of Georgia

In the frame of the GRETA project (Green Economy: Sustainable Mountain Tourism and Organic Agriculture), the EU, Sweden and Austria have launched the Tourism Development Initiative (TDI), a call for ...

A new study shows COVID-19 may cause brain disorders even in people with mild coronavirus symptoms

Preliminary clinical data indicate that severe acute respiratory syndrome coronavirus infection is associated with neurological and neuropsychiatric illness. A new study shows that some coronavirus ...

Enterprise Georgia is among 6 shortlisted finalists at the WTPO Awards 2020

Georgian Government's agency Enterprise Georgia is praised at the WTPO Awards 2020 for global excellence in promoting and supporting export. Georgia is among the six finalist countries. In the ...

German Embassy in Georgia welcomes the Georgian govt's decision to open its borders

Since Georgia's inclusion on the list of safe countries, and the issuance of the recommendation on the possible reopening of borders to these countries, the Georgian Government has been engaged in ...

Self-centred societies are more likely to embrace crowdfunding, says new research

The FINANCIAL -- Societies with characteristics such as widespread individualism are more likely to embrace crowdfunding as means of investing and financing, says new research from Trinity Business ...

USD dominance comes into question as pandemic chews away at the behemoth's economy

No one expected that the year 2020, a new decade, would be off to such a harsh start for the entire world. The coronavirus pandemic that originated in China’s Hubei province has now spread all ...

How intelligent security will drive eCommerce growth

The COVID-19 pandemic has prompted an unprecedented surge in eCommerce transactions, with more and more consumers choosing to shop online especially as their favorite retailers have had to ...

The Khachapuri Index Increases by 24.9%

The average cost of cooking one standard Imeretian Khachapuri in May 2020 stood at 4.18 GEL; 6.8% lower month-on-month compared to April. However, the Khachapuri Index did increase by 24.9% ...

Playing Against the Odds: What’s at Stake for Georgia As It Bets on The Tourism Revival Strategy?

Georgia reacted to the COVID-19 pandemic by immediately introducing aggressive measures. Closing international borders, declaring a state of emergency, shutting down public transportation, banning ...