Georgia

EBRD: Pace of emerging Europe economic growth slows as global outlook weakens

EBRD in London November 6, 2019

The pace of growth in the EBRD’s emerging economies is slowing on the back of a weaker global economic outlook, and pressure from slower growth in the Eurozone and China, US/Chinese trade tensions and a contraction in world automobile production, acc

Georgia’s Bitcoin mining “sucking its power grid dry”

bne IntelliNews November 6, 2019

Grey economy businesses “patronised by high-ranking officials” have set up in Svaneti region where locals receive free electricity because of the degree of hardship.

Azerbaijani gas ‘won’t flow to EU terminus until at least October 2020’

bne IntelliNews November 1, 2019

Delays reportedly caused in construction of final stretch of 3,400-km Southern Gas Corridor that is to make landfall in Italy.

Georgia’s booming, little regulated gambling industry doubled in size during 2018

Iulian Ernst in Bucharest October 11, 2019

Most casinos located in Batumi, known as “The Las Vegas of the Black Sea”, just half an hour from Turkey from where it draws droves of customers.

Public’s perception of direction Georgia is taking most negative in almost a decade

Iulian Ernst in Bucharest September 23, 2019

In six months, percentage of survey respondents saying country is headed in wrong direction increases to 49% from 38%.

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