Georgia

IMF Blog: Frontier market borrowing binge

International Monetary Fund November 25, 2019

Rock bottom global interest rates have been a boon for so-called frontier-market countries, which have been able to borrow cheaply to finance their development needs. But there can be too much of a good thing

Protesters blocking Georgia’s parliament in voting system demo forced away with water cannons

Iulian Ernst in Bucharest November 19, 2019

Leaders of “It’s a Shame” movement among dozens arrested. Poll shows loss of popularity for ruling Georgian Dream party.

Tbilisi on edge as Georgians take to streets over rejection of voting reform

Iulian Ernst in Bucharest November 15, 2019

Opposition parties have called for big weekend demonstrations in response to ruling party’s blocking of constitutional switch to proportional representation system in time for 2020 general election.

EBRD: Pace of emerging Europe economic growth slows as global outlook weakens

EBRD in London November 6, 2019

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”

bne IntelliNews November 6, 2019

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.

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