Economy
‘Panorama Tbilisi’ – 4 high-class hotels project in central parts of Tbilisi
28 March, 2014
Gardabani’s greenhouse economy is on its first stage of replacing 30% of imported tomatoes with locally produced ones.
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Georgian bank sector kept growing in 2013
27 March, 2014
The Georgian banking sector grew in 2013, while interest rates on both loans and deposits dropped, the Policy and Management Consulting Group (PMCG) reported in its review
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Competition law reaches an end
27 March, 2014

The competition law of Georgia, which was suspended for over a year already since January 2013, is expected to be approved by the end of April.

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Cloud technology in Georgia
27 March, 2014
Open source technology is already operational in Georgia. National Agency of Public Registry under Ministry of Justice of Georgia completed its project “Cloud Technology”. NAPR is the first state structure which applied to the open source technology to make its server service supply simpler and faster, the PR informed Georgian Journal on 20 March. Works on the Cloud project started in August 2013 and at this moment the NAPR is implementing the migration of its technical infrastructure to a state-of-the-art Cloud system that significantly cuts down on costs on data storage systems and insures a fast and flexible service supply without expenses.
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Professional education reforms miss target
27 March, 2014
The ongoing reform in the sphere of vocational education and training fell much behind the expectation, as 70% of alumni cannot find a job according to their qualification. This is the message sent by the State Audit Service of Georgia in its report on Professional Education in Georgia-Current Reforms and Challenges.
General Auditor of the State Audit Office, Lasha Tordia, and representatives of Performance Audit Department presented the results of the report on 18 March. Representatives of Ministry of Education and Science, professional colleges, civil sector, media and international organizations attended the presentation event which discussed future challenges of the professional education system.
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Food safety regulation prompted for changes
27 March, 2014
Georgian non-governmental watchdogs prompt both executive and legislative bodies of the Georgian government to accelerate reforms in food law protecting consumer rights. Six NGOs, including the Eurasian Partnership Foundation, Union the 21st Century, “Environment, Risk and Social Rights”, Healthy World, Center for Strategic Research and Development of Georgia, and Association of Farmers Rights Protection, called on Georgian authorities on 14 March to put food safety regulation in line with EU regulations.
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Historical heritage, gold mine or a deal?
20 March, 2014
Marine Mizandari, Former Deputy Minister of Culture, claims that the decision voiced by Ministry of Culture regarding mine works in the Sakdrisi-Kachagiani area is a “special deal” or “manipulation.” She claims that there should not be any legal conclusion encouraging works on the territory of a cultural monument. Mizandari has stated many times already that her dismissal from the Ministry was related to this issue.
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Georgian wine export tripled
20 March, 2014
Georgian wine export tripled in the months January and February of this year compared to the same period in 2013. According to Ministry of Agriculture of Georgia, wine export experienced 296% growth in the reported period as 50 Georgian wine-producing companies exported 9 990 397 bottles of wine to 18 countries. Russia, Ukraine, Kazakhstan, Poland and Latvia make up the top five export markets of Georgian wine in the reported period. However the growth is largely credited to the Russian market that leads the top export markets list by 68%.
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The Lari bond emission in the spotlight
20 March, 2014
European Bank for Reconstruction and Development (EBRD) launched the first ever bond issue in the Georgian national currency – Lari - on 17 March. The Central Bank is hopeful that the EBRD’s pattern in Georgia will pave the way for further development of Georgian capital markets by giving an impetus to other financial institutions to follow. Skeptically disposed economic analysts expect no breakthrough and even a zero-effect.
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