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
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
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.
(photo: courtesy of the National Bank of Georgia)