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Opinion | Georgia’s economy has failed; now it’s time to build factories
Bank of Georgia

Opinion | Georgia’s economy has failed; now it’s time to build factories

T

Despite the many international economic indices suggesting Georgia is a great success story, most Georgians live in poverty. In a country where emigration is rampant and half the population ekes out a living in agriculture, the government needs to create new strategies to form a strong, industrial economy. Though hard to determine whether it happened naturally or was politically imposed, it is clear the Georgian people have experienced massive socio-economic change since gaining independ

Opinion | Bank reforms touted by Georgia’s Prime Minister–to-be could spell the end of predatory lending
banking

Opinion | Bank reforms touted by Georgia’s Prime Minister–to-be could spell the end of predatory lending

T

Just two months after announcing sweeping reforms of Georgia’s banks, 36-year-old Finance Minister Mamuka Bakhtadze looks set to become the new Prime Minister. While the country’s banks have become among the most profitable in the world, they have done so at the expense of ordinary Georgians. If Bakhtadze and his replacement at the finance ministry follow through on these reforms, they could be the first step in addressing some of Georgia’s most pressing economic woes. The remarkable ri

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