The FINANCIAL: Latest business news and analysis

World Bank Group Strategy For Fragility, Conflict and Violence

The FINANCIAL -- The World Bank Group has announced the launch of global consultations to inform the development of its first formal strategy for Fragility, Conflict and Violence (FCV). Consultations will be held in more than 30 countries, covering all World Bank Group regions, between April and June 2019, with a final strategy expected in ...

Practical Tips For Effectively Conducting An Arbitration

The FINANCIAL -- Introduction --The basic steps in an arbitration broadly resemble those in litigation. However, arbitration offers substantially more flexibility when it comes to the process. This ...

Red or Blue!

The FINANCIAL -- Have you ever wonderedwhy the color of the United National Movement (UNM) is red while Georgian Dream (GD) is blue? Why not green and orange? It might be that red and blue offer a ...

Khachapuri Index for Foreign Earners

The FINANCIAL -- In March 2019, the national average cost of cooking one standard Imeretiankhachapuri fell to 3.51 GEL, which is 0.8% lowermonth-over-month (since February 2019), however it is ...

16 Photos

Radisson Collection Hotel, Tsinandali Estate Georgia

A truly unique property, the hotel is set amidst the Tsinandali Estate’s own remarkable vineyards, amongst the finest in a region renowned for its diverse selection of wines. The hotel grounds also ...

TV Interview: Ivanishvili on Courts, TBC Bank, Opponents

Civil Georgia -- Bidzina Ivanishvili gives interview to Imedi TV, April 9, 2019. Photo: screengrab from Imedi TVFormer Prime Minister Bidzina Ivanishvili, who chairs the ruling Georgian Dream party, ...

labour costs Lowest in Bulgaria and Romania, highest in Denmark, Luxembourg and Belgium

THE FINANCIAL -- In 2018, average hourly labour costs in the whole economy (excluding agriculture and public administration) were estimated to be €27.4 in the European Union (EU) and €30.6 in ...

TBC Acquires Top Payment Platform of Uzbekistan – “PayMe”

The FINANCIAL -- TBC is entering Uzbekistan by purchasing the leading payment platform “Payme”. With this transaction, TBC is increasing its number of customers by 50% and will serve more than ...

Trust is the most important ingredient in successful blockchain implementations, says PwC report

The FINANCIAL -- What the aerospace industry doesn’t know about its planes is costing it serious money. And what it could do with all that knowledge has the potential to create new streams of ...

In Georgia, SES reach increases to 670,000 TV homes, 355 Million Homes Worldwide

The FINANCIAL -- SES strengthens its position as the world’s leading video distributor via satellite as the number of TV households it serves increased by more than 4 million to over 355 million in ...

Verdict: FactCheck concludes that Fady Asly’s statement is MOSTLY TRUE.

The FINANCIAL -- Fady Asly: “As compared to 2006, Georgia improved its positionin the Doing Business rankingfrom the 100th to the 6thposition, income from tourism increased tenfold and FDI remain ...

Ivane Machavariani: “The share of simplified procurement has dropped from 37% to24%.”

The FINANCIAL -- Verdict: FactCheck concludes that Ivane Machavariani’s statement is ...

Labor Force and Gender in Georgia

The FINANCIAL -- Gender operates at all levels of social life and is deeply embedded in the ways work is rewarded, viewed and experienced. The sociological study of gender and work emerged during ...