Georgia

Georgian Dream nominates acting finance minister Bakhtadze to be next PM

bne IntelliNews June 14, 2018

Likely successor to Giorgi Kvirikashvili declares his administration would achieve Georgia's Euro-Atlantic dream.

COLCHIS: Georgia’s sputtering reform fires

Michael Cecire of New America June 14, 2018

It has become something of a truism that among the Euro-Atlantic aspirants, Georgia is the “leader of the pack” in terms of political and civil reforms, but reform fires have faded somewhat and the coals need stoking.

Georgian PM resigns after failing to calm street protests

bne IntelliNews June 13, 2018

Two weeks of protests have put Giorgi Kvirikashvili under heavy pressure to stand down but his departure seems to have been finally precipitated by a disagreement with his predecessor Bidzina Ivanishvili, who recently returned to politics.

Europe’s southeast corner sees sharp increase in airport traffic

bne IntelliNews June 13, 2018

Passenger numbers at Georgian airports soared by 30.5% and there were more modest hikes in Ukraine, Macedonia and Montenegro, ACI Europe study shows.

Azerbaijan’s ambition to send gas to Europe step nearer as Turkey launches TANAP

bne IntelliNews June 12, 2018

Pipeline to help EU diversify away from over-reliance on Russian gas as part of 3,500-km corridor.

World Bank expects robust growth in the Caucasus through 2020

bne IntelliNews June 7, 2018

Latest forecasts include upward revisions for all three states, with the most comprehensive changes for Azerbaijan, which is recovering from a contraction caused by low oil prices.

Protests over murdered teenager gather momentum in Georgia

bne IntelliNews June 2, 2018

Pressure on the Georgian government is growing as thousands join rallies to demand justice for David Saralidze who was killed in a brawl outside his school.

Eurasians come in from the (financial) cold

Clare Nuttall in Bucharest June 1, 2018

New data shows soaring numbers of adults with a bank account in several Eurasian nations but the percentage of the population with an account in the wider region varied hugely from 98% in Estonia and Slovenia to just 29% in Azerbaijan.

Georgia’s economy grew 6.5% y/y in April, flash estimate shows

bne IntelliNews May 31, 2018

Growth accelerated in April compared to the first quarter of this year.

Demerged Bank of Georgia’s FTSE 250 launch coincides with sell-off on Italy woes

bne IntelliNews May 29, 2018

LSE welcome for lender and Georgia Capital overshadowed by unsettled markets.

Georgia’s unemployment rate inched down in 2017

bne IntelliNews May 23, 2018

Unemployment remained highest among young people, reaching as high as 29.6% for 20-24 year olds.

Flatter “Khachapuri Index” as Georgia’s dairy sector modernises

bne IntelliNews May 21, 2018

Seasonal fluctuations in dairy prices related to structural inefficiencies in the sector cause wide variations in Georgia's answer to the Big Mac Index, but there are signs these are starting to narrow.

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