As the World Bank racks up 25 years in Georgia, Mercy Tembon, the bank’s regional director for the South Caucasus, Europe and Central Asia tells Andrew Wrobel that her organisation is as committed to the country’s future as ever. Continue reading Georgia Still on the World Bank’s Mind
When the Soviet Union dissolved on New Year’s Eve, 1991, it was replaced by 15 newly-independent countries with vastly different cultures and levels of development. One of those countries, Georgia, emerged with the determination to shed its Soviet baggage and return to Europe as a modern, functioning nation-state. For this country, Europeanisation became synonymous with “desovietisation.”
In a move designed to cut red-tape and bureaucracy, the Prime Minister of Georgia Giorgi Kvirikashvili announced a number of significant changes to the make-up of his cabinet on November 13. In the biggest move, the Ministry of Energy and the natural resources management component of the Ministry of Environment and Natural Resource Protection will be incorporated into one ministry: the Ministry of Economy and Sustainable Development. This new mega—ministry will be led by Dimitri Kumsishvili, first deputy prime minister and erstwhile minister of finance.
With 2017 marking 25 years since the re-establishment of diplomatic relations between Georgia and the United Kingdom, we are happy to celebrate the anniversary as strategic partners, committed to further deepening and widening our cooperation in all fields. Continue reading Georgia in the UK
Georgia is the easiest place in emerging Europe to do business, according to the latest edition of the World Bank’s Doing Business report, which compares conditions for doing business in 190 countries across the world. Among the top 20, Georgia, with a ranking of 9th, has implemented the highest number of business regulation reforms since the launch of Doing Business in 2003—a total of 47.
Growing economy and increasing political stability make Bruno Balvanera, the EBRD’s director for Caucasus, Moldova & Belarus, confident that Georgia is heading in the right direction. He met Andrew Wrobel in the Georgian capital, Tbilisi. Continue reading Georgia: Leader of Europe’s Second Wave
The presidents of Azerbaijan, Georgia and Turkey jointly launched a new rail link on October 30, connecting the three countries and in the process creating a freight and passenger line from Central Asia to Europe which bypasses Russia.
The boss of Georgia’s National Bank, Koba Gvenetadze, is in reassuring, even bullish mood, as he speaks to Andrew Wrobel, suggesting that the economic future is bright for a country which has managed to absorb many a regional shock. Continue reading Bank on Georgia
It’s now 200 years since the first German settlers came to Georgia, paving the way for various showcases of economic development, and the question arises whether – under the EU Association Agreement which entered into force only last year – there is sufficient reason to expect a boost in mutual business relations.
In less than 20 years Georgia has managed to drag itself out of a state of near-collapse to become a rising star of the region: years of robust economic growth, liberal tax legislation, a safe, business-friendly, corruption-free environment paint a promising and impressive picture. Continue reading Education Reform Key to Continued Georgian Success
Mayor of Tbilisi Davit Narmania talks to Andrew Wrobel about how his city has come on in leaps and bounds during his term in office, and the challenges which still lie ahead. Continue reading Tbilisi Calling
Since the 2003 “Rose Revolution”, Georgia has been the darling of the former Soviet region, shooting up the business environment and anti-corruption rankings. This has done wonders for its international reputation, attracting significant foreign direct investment which underpinned robust economic growth in the years up to the 2008 global financial crisis. Continue reading After Its Significant Rise the Georgian Economy May Now Fall
The Georgian Government’s local and foreign currency issuer ratings have been upgraded and the outlook remains stable. Continue reading Effective Policies Have Strengthened the Georgian Economy
On 2 February 2017, the inhabitants of Georgian capital, Tbilisi, saw the city’s two landmarks — the Bridge of Peace and the TV tower lit up in the colours of the EU flag, marking the day when the European Parliament adopted a visa-free regime for Georgia. Continue reading EU Visa-Liberalisation Strengthens Georgia’s Pro-Western Path
In 2016, almost 6.5 million international tourists visited Georgia, twice as many as the country’s population. Valeri Chekheria, CEO at Adjara Group Hospitality, talked to Emerging Europe about the country’s tourism potential.
The de-dollarisation strategy will open new opportunities to invest in the local currency, Archil Mestvirishvili, Deputy Governor of the National Bank of Georgia, tells Emerging Europe. Continue reading High Dollarisation the Largest Challenge for Georgia’s National Bank
It has been almost five years since the Georgian Dream’s (GD) substantial and unexpected victory in the parliamentary elections in Georgia. During these five years, the frenetic pace of events that defined much of the previous nine years, when the United National Movement (UNM) was in power, has ebbed. Continue reading Stuck in Neutral: Georgia’s Constitutional Reforms
Georgia’s economy grew by 4.7 per cent in the first two quarters of 2017, a big increase on the 2016 whole-year figure of 2.7 per cent. Exports are booming, and the unemployment rate is lower than it has been for years. Continue reading Georgia’s Growth Continues
Andrew Wrobel meets Valeri Chekheria, one of Georgia’s most forward-thinking entrepreneurs. Continue reading Sustainable Rooms
More than 150 politicians, business leaders, analysts, journalists, bankers, investors and people who simply have an interest in Georgia were brought together on November 20 at the Emerging Europe-EBRD Outlook on Georgia.
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.
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