Education in Georgia is essentially the responsibility of the public sector (the vast majority of total enrolmentin the case of General education) and has received a lot of attention in recent years with public outlays to the sector tripling between 2010 and 2019 to reach 3.6 percent of GDP. This remains low by OECD standards, however: OECD countries spend on
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Volski: “The ministers’ salaries have decreased significantly as compared to 2012. The
The FINANCIAL -- Mamuka Bakhtadze: In the course of this year, the current account deficit decreased from 13% to 4.5% (estimate for 2019) which is an unprecedented success all over the world
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The FINANCIAL -- Levan Davitashvili: In the last years, we have growing total agricultural output. There is an even bigger growth in a processing industry
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The FINANCIAL -- The euro area (EA19) seasonally-adjusted unemployment rate was 7.5% in June 2019, down from 7.6% in May 2019 and from 8.2% in June 2018. This is the lowest rate recorded in the euro area since July 2008. The EU28 unemployment
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The FINANCIAL -- Euro area annual inflation is expected to be 1.1% in July 2019, down from 1.3% in June according to a flash estimate from Eurostat, the statistical office of the European Union.
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Munich/Gmund, July 15, 2019 - The ecological footprint of banknotes depends on many factors. Stringent product requirements to ensure security, durability, functionality and design limit the scope for sustainability concerns. Louisenthal, a subsidiary of the Giesecke+Devrient Currency Technology Group, has analyzed the
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The FINANCIAL -- Irakli Abesadze: In accordance with the state budget indicators, there are 11,000 more officials to carry out the same functions (execution of budget programmes) today as compared to 2012.
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The FINANCIAL -- Otar Danelia: This year, wine export to the USA increased by 126%, to China by 27%, to Poland by 18% and to France by 91%
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The FINANCIAL -- A nationally representative sample of 358 Georgians, interviewed in early May 2019, revealed that the Consumer Confidence Index (CCI) improved by 4.3 index points, from -20.8 in April to -16.5 in May. A similar pattern was observed in both sub-indices
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The FINANCIAL -- Ivane Machavariani: Today, the estimated growth rate for our economy is 4.6% which is the highest growth rate in the entire region
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The FINANCIAL -- Natia Turnava: “Of two hundred countries, we are number six in terms of the ease of doing business. We are ahead of many European countries.”
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