Vakhtang Partsvaniya – PhD, Professor of Management, Caucasus University Erekle Pirveli – PhD, Professor of Accounting and Finance, Caucasus University…
Category: Economics
The Most Sanctioned Countries
OVER THE COURSE OF THE 21ST CENTURY, countries have been employing the practice of sanctions with increased frequency. This trend…
Navigating Tourism and Economic Growth in Dubai
Forbes Georgia sits down with Mr. Issam Kazim, CEO of Department of Economy and Tourism in Dubai, to delve into…
The Economy in 2023 and the Challenges Ahead
A year ago, I foresaw a notable decrease in inflation, a forecast that aligned with the actual outcome. This shift…
What is Happening to the Russian Economy?
Two years have passed since Russia launched the full-scale invasion of Ukraine. Few could have imagined the reality facing our…
SBC Summit Tbilisi 2024 Promises Growth and a Deep-Dive into Eastern Europe & Central Asia
SBC Summit Tbilisi is poised to reclaim the spotlight on 25-26 June at the Sheraton Grand Tbilisi Metechi Palace, marking…
Injustice Makes Us Poorer
The rule of law is a powerful and often-repeated political and legal ideal, which not only contributes to the formation…
The 100 Largest Georgian Companies by Revenue
31.1 billion GEL – this is the aggregated income of the 100 largest private companies in Georgia excluding the banking…
The Fastestgrowing Economies in the World
The last article on the world’s fastest-growing economies was published by Forbes Georgia in 2019. Subsequently, in the following year,…
What Drove Georgian Economic Growth in the First Half of 2023?
The Georgian economy grew by 10.1% in 2022. In 2023, however, the economic growth rate started to decrease. Year-on-year growth…
Ranking of Georgian Banks and Microfinance Organizations
15 commercial banks and microfinance organizations operating in Georgia have submitted their financial statements for the first two quarters of…
Georgia’s Wine Industry Soars After Decades of Soviet Domination
Lado Uzunashvili, chief winemaker for Vazisubani Estate, sees global interest in the wines of Georgia because of their unique varietals…
The Digital Lari: a New Threat to Freedom
Two years ago, the National Bank of Georgia (NBG) announced its intention to issue a digital version of the national…
The Top 10 Countries That Rely on Tourism the Most
Tourists spent more than $1 trillion globally in 2022. After the pandemic induced crisis, the tourism sector largely recovered last…
Tourism: Georgia and the Region
Tourism and related activities are one of the most critical industries in Georgia. On average, tourism’s direct and indirect contribution…
Georgia is Bringing Back Tourists Lost During the Pandemic
The economic welfare of the Georgian population depends significantly on revenues from tourism. From a macroeconomic point of view, the…