The FINANCIAL - Opinion

Since Georgian Dream came to power in 2013 the dynamic of the Lari’s exchange rate is very clear, it went from 1.65 in January 2013 to 2.92 in August 2019.

Moldova had become a paradigmatic case of state capture under the rule of Vladimir Plahotniuc, in a sequence comparable to what happened in Georgia under Bidzina Ivanishvili. The paradigm involves personal, informal control over state institutions by the country’s wealthiest individual, in his own interest and that of a predatory inner circle, contrary to any concept of state or national interest.

The international crowdfunding market has seen incredible growth over the last seven years. In fact, in 2010 the overall funding raised via this method hadn’t even hit the $1 billion mark, and in the seven years between then and 2017 we have seen around $50 billion invested in the global crowdfunding market. It is the debt-based method of crowdfunding, where investors expect to see a financial return on their investment, that has dominated the growth in funding, raising over 80% of this overall $50 billion since 2010.

The FINANCIAL -- Economic growth --The preliminary statistics released by Geostat reveal that Georgia’s real GDP growth was 4.8%year over year (YoY)in 2018.These results are behind the World Bank’s, IMF’s, ADB’s and NBG’s latest growth projections of 5%-5.5%.

All stakeholders agree, that development of marine sector is vital for Georgia. Experts of the field have been working on research to find out most optimal ways for development of industry. As a result, three main directions were identified: education, shipping and maritime services, and introduction of modern
innovative technologies. For the first time in many years, government of the Georgia: The Prime Minister, Minister of Economy and the Head of the Maritime Transport Agency are actively talking about specific initiatives that will facilitate rapid development of maritime industry, which will have positive impact on economy of Georgia.

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