According to the National Wine Agency of Georgia, 2017 was a record year for Georgian wine exports. Data shows that 76.7 million bottles of wine were exported to 53 countries, representing an increase of 54 per cent compared to 2016. The total value of the wine Georgia exported rose to 170 million US dollars, 49 per cent higher than in 2016. Continue reading Georgian Wine Posts Record Results
The Georgian government has promised to develop a fibre-optic internet network in its more remote regions. Minister of the Economy and Sustainable Development Dimitri Kumsiashvili said that bringing reliable, high-speed internet to predominantly rural areas is one of the most important projects currently being undertaken by Georgia’s Innovation and Technology Agency.
A year since its launch, a campaign designed to support local businesses by encouraging Georgians to buy local products has been hailed a success by both its initiator, Georgian President Giorgi Margvelashvili, as well as businesses. Companies of all sizes have taken part, seeing the project as a chance to increase awareness of their products and boost sales.
Since Georgia began exporting kiwifruit to the European market just over two years ago, it has become one of the country’s most productive and profitable exports. With a kilo of kiwifruit selling for around 1.20 euros, the fruit has proven to be a good earner for producers. Exports – currently at around 100 tons per year – are expected to increase, not least as the Japanese market is now being targeted. Continue reading Georgia’s Sweetest Export Targets EU & Japan Expansion
“Political noise notwithstanding, the region’s economies are in a sweet spot, and should continue to ride the booming Eurozone wave this year.” That is the headline of a new report published by the Vienna Institute for International Economic Studies (wiiw), which highlights a number of key areas to watch during 2018.
A Free Trade Agreement (FTA) between China and Georgia took effect on January 1, 2018. It means that around 94 per cent of Georgian products will be free from customs duty while Georgian services and commodities will enter a 1.4 billion-person market.
In a world where the impact of global market forces on businesses can be ruthless and unforgiving, strategic partnerships are becoming increasingly driven by hard economic necessity. The notion of seeking and finding a compatible partner then, where a meaningful relationship can truly flourish and be both rewarding and fulfilling for both sides may seem somewhat romantic to many.
Jan van Bilsen, IFC Regional Manager for the South Caucasus, talks to Andrew Wrobel about Georgia’s great potential, as well as some of the challenges it still faces. Continue reading Georgia’s Great Potential
Only seven Emerging European countries can boast better than average fixed broadband internet download speeds, latest figures from Ookla’s Speedtest Global Index claim. Only three countries: Romania (4th), Hungary (5th) and Lithuania (11th) make the top 20, and only a further four (Latvia, Bulgaria, Moldova and Poland) can boast above average broadband speeds.
With the first snows of the winter having already fallen across Emerging Europe, many people’s thoughts would have already turned to winter holidays, and to skiing. While for many the countries of the region are not the first to spring to mind when planning a ski trip, there are in fact a number of very good ski resorts in this part of the world. From Jasna in Slovakia to Tsakhkadzor in Armenia, many offer some superb, rugged skiing amidst fantastic scenery, usually at prices well below those in Western Europe. Not that the low cost is the only attraction. For a new breed of adventurous skier, jaded perhaps by the increasingly busy motorway pistes of France, Switzerland, Austria and Italy, the search for fresh powder, for empty slopes and for new experiences is the real draw. That’s where Emerging Europe comes in, and that’s why our editor-in-chief Craig Turp, who has skied in more countries than most people have visited, decided to put together this short guide to skiing in some of the region’s top – and in some cases surprising – locations. Continue reading Skiing in Emerging Europe
The EBRD’s latest Transition Report: Sustaining Growth, issued at the end of November, has highlighted a welcome upturn in the pace of reform in emerging economies where the bank invests, four years after reporting that reforms were stalling or even being thrown into reverse. The EBRD also unveiled a new set of investment criteria for its projects, ensuring that its countries of operations are more competitive, better governed, greener, more inclusive, more resilient and more integrated. The six criteria are: reforms aimed at making economies more competitive; good governance; green transition; inclusion; resilience; integration.
Emerging Europe – Georgia in particular – will play an increasingly important role in the continued development of the New Silk Road Economic Belt, launched by China in 2013. That was the consensus reached at a Belt and Road Forum held in the Georgian capital Tbilisi on November 28-29.