As Harry S Truman once noted – “It's a recession when your neighbor loses his job; it's a depression when you lose your own”. While Georgia was able to grow its economy, this growth did not trickle all the way down.

While more than half of all jobs in Georgia are in the agricultural sector, agriculture’s share of value-added to GDP was only 11 percent in 2007 (World Bank).

What would Christmas be without a Christmas tree? In Georgia, in Europe, or anywhere else in the world. But little known to most Europeans, most trees sold in Europe can trace their origin to Georgia.

Central banks are often surrounded by an aura of mystique and the common man on the street seems to have very little understanding not only of what, why, and how exactly a central bank does, but most importantly of how much a central bank actually can do. It is commonly believed that the job of a central bank is to print money, which sounds rather trivial.