Georgia
Georgian e-commerce market more than tripled in 2020 report says
E-commerce in Georgia increased more than threefold year-on-year in 2020 to nearly $45mn, a new Galt&Taggart report states.
Georgia’s banks boast biggest profits ever in June
Also, in January-June, aggregated profits exceeded one billion lari, or more than $300mn.
Georgia’s June domestic exports expand 18.5% versus two years ago
Against first half of 2020, exports, at $1.38bn, rose by 27.8% y/y and, more importantly when it comes to the long-term trend, grew 24.2% compared to 1H 2019.
Georgia's foreign trade in first half up 21.3% y/y
Georgia's foreign trade turnover recovered to pre-coronavirus crisis levels in Jan-Jun this year. The trade deficit was slightly smaller, yet amounted to 15% of full-year GDP.
Perspectives | Blame it on Russia? The danger of geopolitical takes on Georgia’s far right
Framing Georgia’s far right as a unified pro-Russian actor obscures complex local problems.
Georgian cameraman dies after attack by far-right, anti-LGBT mob
A cameraman in Georgia's capital of Tbilisi died on July 11 after being severely beaten by right-wing mobs protesting the planned Tbilisi Pride march a week before.
bneGREEN: CEE surfs the green bond wave
Issuance has been impressive but in some countries green bonds are still to get off the ground, while in others there is a shortage of high-yield, local currency or 'dark green' issues.
Georgia’s headline inflation soars to 9.9% y/y in June
Georgia’s consumer price inflation came in at 9.9% year on year in June, a major 2.2pp rise from 7.7% y/y in the previous month, according to Geostat.
Rampage by rightwing groups in Georgia against planned Pride March
Georgia's planned Tbilisi Pride march has been cancelled after far-right groups, encouraged by the government and the Georgian Orthodox Church, went on the rampage.
Georgia's Pride Week kicks off with 20 arrested at far-right counterprotest
Georgia’s Pride Week has kicked off amid now-familiar scenes of protests by Georgian church leaders and far-right groups. Despite its progressive economic reforms Georgia remains one of the most intolerant countries in the CIS.
Under half of emerging Europe economies to achieve full recovery in 2021
EBRD says recovery from the coronacrisis is progressing faster than expected, but many emerging Europe economies won’t return to 2019 levels of GDP until 2022.
BAG Business Climate Index improves in Georgia with current situation seen as “nearly normal”
Expectations close to pre-crisis levels.
Net money transfers to Georgia up 31% during crisis
Data outlines genuine upward trend.
COMMENT: Time to end Putin's impunity
The price faced by Russia for aggression must be too high for the Kremlin to countenance, and this is the message that Biden should deliver to Putin – and act upon.
Georgia's April PPI climbs at fastest rate in a decade
Georgia's Producer Price Index (PPI) for industrial products in April rose by 3.2% m/m and 17.5% y/y, reaching the steepest annual rate seen in a decade.
COVID-19 wipes out around 12.2% of Georgia’s jobs as of Q1
The number of formally employed Georgians decreased by 12.2% y/y in Q1 to 782,000, implying that around 108,000 jobs were wiped out by the coronavirus-driven crisis.
DATACRUNCH: the bne car ownership/age index
bne IntelliNews has introduced a new index, the bne Car Ownership/Age index (bneCOR), that cuts through the contradictions and paints a much clearer picture of just how far the middle class has come in each country.
Turkey's "crazy" canal would impact Eurasian trade, geopolitics
The project threatens the delicate regional military balance.
DATACRUNCH: Inflation surges across Eastern Europe, Central Asia and the Caucasus
Since the collapse of the Soviet Union inflation been falling and dropped to post-Soviet lows in the last two years. Now it’s back. The countries of Eastern Europe, Central Asia and the Caucasus are worst affected
