Georgia

Pilot Survey of Aquaculture Holdings 2017

The FINANCIAL -- In 2018, National Statistics Office of Georgia conducted a pilot survey of existing aquaculture holdings in the country, in which up to 700 aquaculture holdings were ...

Georgian Citizen Killed in Syria

The FINANCIAL -- The Radio Way, a community radio station based in Georgia’s north-eastern Pankisi gorge, reported on November 29 that a Georgian citizen Adam Gumashvili was killed in ...

"Georgian Railway" Was Named the Best Business partner of the Year

The FINANCIAL -- "Georgian Railway" became the winner of the "National Award of Professional Education 2018" in the nomination of the best business partner of the year. The week of professional ...

98% Counted: Zurabishvili 59.62%, Vashadze 42.38%

The FINANCIAL -- Vote count is underway at 3,705 polling stations to reveal Georgia’s last directly elected President for six ...

The Rating Agency Fitch has Improved the Georgian Railway Forecast Rating from the "Stable" to the "Positive"

The FINANCIAL -- On November 22, the rating agency "Fitch" has confirmed the JSC "Georgian Railway" rating "B +" and also improved forecasting expectations concerning ratings from "stable" to ...

Cuts Planned in Presidential Administration’s Budget, Staff

The FINANCIAL -- Funding for the President’s Administration will decrease by GEL 3.8 million (38.77%) in 2019 and the presidential reserve fund – a pot of money reserved for special projects – ...

EU Monitoring Mission Mandate Extended to 2020

The FINANCIAL -- On Monday 3 December, the 28 EU member states formally extended the mandate of the EU Monitoring Mission (EUMM) in Georgia for a further two years, until 14 December ...

President Margvelashvili Hosts a Meeting with Salome Zourabichvili

The FINANCIAL -- Giorgi Margvelashvili, President of Georgia has held a meeting with Salome Zourabichvili, President-elect of Georgia. The meeting has been held at the Avlabari Presidential ...

Inflation Rate in Georgia, November 2018

The FINANCIAL -- In November 2018 the Consumer Price Index increased by 0.7 percent compared to the previous month, while the annual inflation rate amounted to 1.9 ...

Six Ukrainian Nationals Detained In Tbilisi Amid Protests

The FINANCIAL -- Georgian authorities say they have detained six Ukrainians and a Georgian citizen on weapons possession charges during opposition protests over a presidential election won by Salome ...

Presidential Runoff: Expert Assessments in Tbilisi

The FINANCIAL -- On November 28, Georgians went to the polls to elect their fifth president. The ruling party-backed candidate Salome Zurabishvili obtained 59.52% of the votes, while her challenger ...

Radisson Blu Iveria Tbilisi awarded “Best Business Hotel” by Business Traveller Magazine Readers

The FINANCIAL -- Radisson Blu Iveria hotel Tbilisi is proud to be announced as the “Best Business Hotel” in former CIS region and neighbouring countries at the award ceremony held by Business ...

Georgian MP, Career Banker and Financier Reveals Details Behind Global Financial Crisis

The FINANCIAL -- Almost ten years have passed since the onset of the global economic crisis, but scientists, businesspeople, bankers, and politicians continue to argue about its causes and whether it ...

Irakli Kovzanadze: “In the first nine months of this year, Georgia’s economic growth reached 4.9% which exceeds the planned amount and as a result, we have a GEL 280 million surplus in budget revenues.”

The FINANCIAL -- Verdict: FactCheck concludes that Irakli Kovzanadze’s statement is ...

Roman Gotsiridze: “In fact, this is one of the most bureaucratic budgets (2019 draft) in the world.”

The FINANCIAL -- Verdict: FactCheck leaves Roman Gotsiridze’s statement WITHOUT A ...

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