In the fourth quarter of 2014, the Business Confidence Index decreased and registered 24.9 on a scale of 100 points. This is down from the 40.4 recorded in the third quarter of the same year. The positive number indicates that the confidence factor among businesses is about 25 index points more positive than negative or neutral (e.g. a confidence index of 100 would have indicated that all firms in the sample reported a positive outlook.
In October, rental prices for residential properties in Tbilisi declined significantly in annual terms (-7.1%). Buyers tended to purchase cheaper, lower quality units in October relative to the previous month. Lower lending and deposit interest rates made real estate investments more attractive, driving rental prices for residential property downward.
No. In this two-part article, I will argue that there are challenges to capitalism on the horizon that are virtually unsurmountable. There are good reasons to believe that in 30 years from now we will not see global dominance of market systems anymore.
Winemaking is one of the oldest Georgian traditions that have survived to this day. Archaeologists have proved that the history of Georgian wine production reaches back into the past at least 8000 years. Arguably, this makes Georgia the earliest place on earth where wine was produced. And the tradition is alive – today there are not just big wine firms, but it is common among ordinary Georgians to grow grapes and produce their own, homemade wine.
In this study, the role of Family Farming was assessed with regard to three dimensions (economic, environmental and social) of sustainable development. Literature review, SWOT analysis, individual interviews with stakeholders and case studies were conducted in order to define the role of Family Farming in the sustainable development of Georgian agriculture.