The FINANCIAL -- Economy

The FINANCIAL -- Tbilisi’s heavy traffic can strike first time foreign visitors to the city as infuriating and bothersome; and the hazardous driving habits of Georgians can be considered as a stand-alone story all together.

The FINANCIAL -- Various pre-election investment projects and the influx of tourists are the main contributors to the strengthening of the Georgian Lari in the near future in the area of GEL 2.041 per one US Dollar. Meanwhile, the process is not going to last for a long time. The post-election period usually suspends economic development. After elections the new rate of the Lari against the Dollar is expected to reach 3.39 per USD 1.

The FINANCIAL -- In May 2016, the average cost of cooking one standard Imeretian khachapuri declined to 3.08 GEL, which is 2.7% lower month-on-month (m/m, that is compared to April 2016), but 7% higher year-on-year (y/y, compared to May 2015).

The FINANCIAL -- The history of silk production in Georgia can be explored in State Silk Museum located in Tbilisi. Owing to the exhibition of different equipment and silk fabrics, it is possible to observe what the Georgian silk production once used to be.