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Few elections in recent years were watched as carefully around the world as the Georgian parliamentary elections. And few political and economic observers shunned the opportunity to interpret its stunning outcome.
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No, nothing about the election here. Instead something about the Georgian retail gasoline market, which according to some is not so competitive.
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Despite spectacular growth performance during the past several years (averaging more than 6% since 2005), Georgia remains a poor country. In 2011, Georgia’s GDP per capita reached USD 3,215, just below the average for small island states in the Pacific and just above Guatemala.
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The YFN Georgia blog offers an interesting angle to the opening of the new Kutaisi airport.
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After the break-up of the Soviet Union, Georgia went through a process of civil war and economic collapse. Official estimates suggest that Georgia’s GDP shrunk by more than 70% between 1990 and1994.