08
April
2018
Despite substantial improvements in education, professional development, and political participation, women remain underrepresented in leadership positions in politics, and Georgia is no exception. In 2017, the country ranked in 94th place (out of 144), according to the Global Gender Gap Index (GGI), which indicates that Georgia is not performing well in closing the gender gap. The GGI serves as a comprehensive and consistent measure for gender equality, which can track a country’s progress over time.
07
April
2018
Blockchain technology became a huge story last year due to the hype over cryptocurrencies such as Bitcoin and Etherium. Banks and other financial institutions are rushing to adopt blockchain technology. Nowadays, about 15% of financial institutions use blockchain technology to secure and validate transactions. IBM was one of the first companies that saw the potential of blockchain use and encouraged startups related to the concept.
01
April
2018
Once dubbed Georgia's Abu Ghraib, Gldani Prison #8 has gone through a substantial makeover since its darkest hours in September 2012. The entire staff was replaced or retrained during 2013, swiftly and effectively ending human rights violations. The following year, the prison won a prestigious award as Georgia’s best correctional facility. In 2015, about 180ha in the prison’s backyard became home to Bitfury, an international bitcoin industry pioneer.
30
March
2018
In March 2018, Georgian power plants generated 997 mln. KWh of electricity. This corresponds to a 35% increase in total generation, compared to the previous year (in 2017, total generation in March was 740.7 mln. kWh). The increase in generation on a yearly basis comes from an increase in both hydro power generation and thermal power generation.
30
March
2018
According to NBG, the volume of total remittances to Georgia amounted to 1,379 million USD in 2017, a 19.8% YoY increase. The recovery of remittances is a clear sign that the economies of Georgia’s partner countries continue to improve. All top source countries of money inflows to Georgia showed a notable increase: Russia (+15.4% YoY), Italy (+17.9% YoY), the United States (+11.2% YoY), and Greece (+13.4% YoY).
