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Why the National Bank of Georgia is ditching dollars for gold
07 May 2024

The National Bank of Georgia (NBG) recently acquired 7 tons of high-quality monetary gold valued at $500 million, constituting approximately 11% of its total reserves. This marked the first occasion that Georgia acquired gold for its reserves since it regained independence.

The new draft law on amendments to the tax code of Georgia
24 April 2024

As the subject law emerged unexpectedly in the legislative sphere and was processed and approved at

Russian wheat policies and Georgia's strategic responses
23 April 2024

International wheat prices have emerged as a significant policy concern in recent years, notably during the Covid-19 pandemic and Russia's war in Ukraine, as Russia has been known for periodically halting its grain exports to impact global prices. Georgia heavily depends on wheat imports from Russia, with over 95% of its wheat historically sourced from there.

A novel hybrid forecasting model for Georgian GDP
10 April 2024

Following the collapse of the Soviet Union, Georgia faced significant economic challenges, including political instability and conflicts. This resulted in a severe economic recession in the 1990s, with GDP contracting sharply.

Georgia’s European future: a hope for resolving political polarization
28 March 2024

Political polarization erodes trust in public institutions, it damages political process, negatively affects economic development, distracts social development and relationships in society, and it may eventually lead to the backsliding of democracy.

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