By Eka Janashia (the 22/01/2014 issue of the CACI Analyst)
2013 saw a significant depreciation of the Georgian national currency Lari (GEL) compared to both the US$ and the Euro. From the beginning of last year until now, the Lari's exchange rate has dropped against the U.S. and EU currency by over 5 and 7 percent respectively. Georgia's Minister of Finance, Nodar Khaduri, Minister of Economy and Sustainable Development, Giorgi Kvirikashvili, and the President of the National Bank of Georgia (NBG), Giorgi Kadagidze, insist that there is no reason for panic. However, the steady and speedy depreciation of the Lari has already triggered undesirable expectations among consumers and the business sector.
By Archil Zhorzholiani (the 08/01/2014 issue of the CACI Analyst)
The post-election period in Georgia, and especially December 2013, has been marked with a new wave of prosecutions against the main opposition party United National Movement (UNM).
By Stephen Jones (the 11/12/2013 issue of the CACI Analyst)
The November 29 initialing of Association Agreements (AA) in Vilnius between the EU on the one hand, and Georgia and Moldova on the other, have been interpreted almost exclusively in geo-political terms. The reasons for this are at least twofold: Armenia’s and Ukraine's withdrawal from their initial commitment to sign under pressure from Russia, and Russia’s own intervention in the process. Russia, behaving like something between a regional hegemon and a Cold War remnant defending its sphere of influence, framed the Vilnius Summit as a stark choice between East and West.
The Central Asia-Caucasus Analyst is a biweekly publication of the Central Asia-Caucasus Institute & Silk Road Studies Program, a Joint Transatlantic Research and Policy Center affiliated with the American Foreign Policy Council, Washington DC., and the Institute for Security and Development Policy, Stockholm. For 15 years, the Analyst has brought cutting edge analysis of the region geared toward a practitioner audience.