Caucasus Business Week #198

Page 1

BUSINESS WEEK

DISTRIBUTED FREE OF CHARGE

caucasus1

June 26, 2017 #198

June 26, 2017, Issue 198 - www.cbw.ge

Main events Georgian Railway Hosts Annual Meeting of CER Pg. 2

Ratings Ranked Law Firms and Lawyers in Georgia by Chambers & Partners

Natalia Khatiashvili: PR is Wider Concept than Ordinary Advertisement Pg. 8

Pg. 11

Absence of Qualified Workforce in Villages

Suspicious Medications Quality and High Prices

Villages lack for qualified workforce. This problem remains under discussion for a long period. Ministry of Agriculture also proves that this problem genuinely exists in villages. «Today villages lack for engineers, agronomists, mechanizers and many other specialists», Deputy Agriculture Minister Giorgi Khanishvili said. Today, it is difficult to find due specialists in villages, he added. «We have two huge criteria in agriculture sector – negative trade balance and the Georgian business should work in this direction and Georgian agriculture sector should boost production. The second one: – There is a great number of unemployed citizens in Tbilisi. Job-seekers do not want to leave Tbilisi and find job in regions. I understand it is very difficult to listen to the truth, but people prefer to live in Tbilisi, remain unemployed and complain, or blame the authorities for their unemployment, while today it is a real problem to find workforce in villages. Pg. 7

Negative Interest Rate

Pg. 4

Since the most recent global financial crisis, interest rates in developed countries have been unprecedentedly low. The real interest rates are close to zero and in a number of cases, are even negative. The European Central Bank was the initiator for establishing the negative interest rates when it began using monetary policy instruments previously unheard of. The interest rates of the Central Banks of Europe, Japan, Denmark, Sweden and Switzerland were set at0.4% in March 2017. As for the real interest rates of the United States, UK, Germany and Japan, they have been moving from positive to negative for the past 15 years (see the above diagram). Economists have yet to come up with a unified view about whether or not this new and paradoxical practice tailored for long-term economic growth according to its authors, will be successful. Pg. 9


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.