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| 19 September 2011 |
| EBRD survey shows improvement in Georgia
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European Bank of Reconstruction and Development has published new survey about Georgia. The survey of living conditions in the under-developed countries aims to clarify how the transitional period is reflected on political reforms, economics and the attitude of the population towards fu |
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| 15 September 2011 |
| Despite the promised privileges the investors seem reluctant to invest
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Tourism in Georgia is considered to be one of the leading branches and the authorities pin special hopes on the Black Sea strip. In autumn of 2010 in Kobuleti (a resort zone in Western Georgia) 11.3 ha of pine grove land was allocated for building hotels and the investors were given pri |
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| 15 September 2011 |
| Georgian Investment Journal |
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Investments inflow in the second quarter of this year accounted for USD 203 million that means 2.4% of reduction compared to the similar period of 2010, and exceeds the data of the previous quarter of this year by 17.3%. Economic analysts doubt that Georgian investment inflow |
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| 14 September 2011 |
| Another international airport to be opened in Georgia
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Another international airport is going to be opened in Georgia. As reported, a new contemporary airport will be brought into operation in the Black Sea town Poti in about 18 months.
Foundation of the building was laid on Wednesday. Georgia`s president laid a symbol |
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| 12 September 2011 |
| Hotel Intourist Palace Hosted Record Number of Guests this Summer |
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Hotel Intourist Palace has hosted an exceptionally high number of guests this summer.
According to Rusa Shamugia, the Marketing Manager of Hotel Intourist Palace, the increased number of hotel clients is caused by the very rapid development of Batumi |
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| 08 September 2011 |
| HSBC withdraws from Georgia
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HSBC, one of the largest banking and financial services organizations in the world, after three years of operation on Georgia’s banking market, has decided to leave the country.
According to Guy Lewis, chief exec |
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| 07 September 2011 |
| Inflation Rate in Georgia, August 2011(Over July 2011) |
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| In August 2011 the monthly inflation rate in Georgia amounted to 1.1 percent. The following table shows percentage changes in prices for the commodity groups of the consumer basket as well as the relevant contributions to the overall inflation rate.
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| 31 August 2011 |
| Inflation Ups And Downs |
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4% drop in inflation pressure in June enabled Georgian Central Bank
to make its monetary policy more easygoing and forecast the inflation
rate decrease below the 8% target level at the beginning of next year.
Economic analysts thumb up the central bank’s decision though they find
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| 30 August 2011 |
| Vera Kobalia – We Expect 3 Million Tourists This Year
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| Georgia expects 3 million tourists this year, Minister of Economy and Sustainable Development Vera Kobalia said in an interview with La Tribune . She says that economic growth in Georgia reached 6,5% this year, mainly caused by tourism development.
“We expect 3 million tourists this ye |
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