Friday, August 17, 2007, #157 (1424)


Saakashvili's administration is pushing a sweeping privatization of Georgian state assets. Yesterday it was announced that Georgian Railways had its management rights handed over to a British company for the next 89 years. Are state assets better or worse off in private hands? (view responses)
US Dollar - 1.6645
Euro - 2.2358
Pound Sterling - 3.3020
Swiss Franc - 1.3667


Friday, August 17
Day - Rain.
High: 73° F. / 23° C.
Night - Overcast.
Low: 51° F. / 11° C.

Saturday, August 18
Day - Scattered Clouds.
High: 80° F. / 27° C
Night - Scattered Clouds.
Low: 51° F. / 11° C.

Sunday, August 19
Day - Scattered Clouds.
High: 84° F. / 29° C.
Night - Scattered Clouds.
Low: 51° F. / 11° C.






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A Russian missile, international group confirms
An aircraft, coming from Russia, made repeated intrusions into Georgian airspace before finally dropping a Russian-designed missile on its third pass. That's the latest version of events for the August 6 missile incident, according to an August 14 report from the International Group of Experts (IGE).
(more)
A mighty test for the pen as the Union of Writers faces eviction
The Georgian Union of Writers is the latest evictee in the Ministry of Economic Development's privatization drive. On August 16, the organization was informed by letter that they have two days to vacate their offices at 8 Machabeli Street.
(more)
Refugees evicted from Telavi hotel say they have no place to go
Local police evicted 60 refugee families from the Kakheti hotel in Telavi on August 15, taking criticism from human rights advocates who say authorities did nothing to ease the family's transition to homelessness.
(more)
News in Brief

All the Ossetians living together? Russia's lip service to cultural unity more danger for Georgia
Russian Foreign Minister Sergei Lavrov recently attended a groundbreaking ceremony for the construction of the Zaramag hydroelectiric station in North Ossetia. It should have been a standard ribbon-cutting, but an otherwise unremarkable photo op attracted attention for a comment on Ossetian unity.
(more)


No drop in sight for either inflation or the lari
The Georgian lari is continuing its rise against the dollar, and most experts see no imminent turnaround. Domestic inflation is also rising, writes the newspaper Rezonansi.
(more)
Government moving to revitalize farming industry
More than half of Georgians are employed in the farming industry, but most are self-employed. They till small plots of land for largely subsistence-level harvests; the total economic value of domestic agricultural is disproportionately small, and on the decrease.
(more)
Turkey up, wine down in year after Russian trade embargo
Turkey is now Georgia's biggest trade partner. Russia held that distinction up to 2005, when Turkey came second and Britain, Azerbaijan, and Germany trailed after, according to government data.
(more)
Business Roundup


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