Georgia
EBRD: Pace of emerging Europe economic growth slows as global outlook weakens
The pace of growth in the EBRD’s emerging economies is slowing on the back of a weaker global economic outlook, and pressure from slower growth in the Eurozone and China, US/Chinese trade tensions and a contraction in world automobile production, acc
Georgia’s Bitcoin mining “sucking its power grid dry”
Grey economy businesses “patronised by high-ranking officials” have set up in Svaneti region where locals receive free electricity because of the degree of hardship.
Azerbaijani gas ‘won’t flow to EU terminus until at least October 2020’
Delays reportedly caused in construction of final stretch of 3,400-km Southern Gas Corridor that is to make landfall in Italy.
Georgia’s booming, little regulated gambling industry doubled in size during 2018
Most casinos located in Batumi, known as “The Las Vegas of the Black Sea”, just half an hour from Turkey from where it draws droves of customers.
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Public’s perception of direction Georgia is taking most negative in almost a decade
In six months, percentage of survey respondents saying country is headed in wrong direction increases to 49% from 38%.