Investments

The Ukrainian economy has struggled to reach its full potential, with a GDP per capita of $3,866 thousands in 2012. Despite recent developments, such as the signing of the Association Agreement with the European Union, Ukraine's economy remains far behind that of its neighbors, including Russia. A look at the historical GDP data for Ukraine reveals a pattern of underperformance compared to Russia. Despite being a relatively large country, Ukraine has consistently had a GDP per capita that is…

I spent a lovely afternoon at one of the many parks in Tbilisi on Eristavi street. I was surprised to see that there were many American people living or walking around the area. I had some free time and decided to buy an English newspaper, but I was disappointed to find out that all the newspapers and magazines at the stands were in Georgian. When I asked if they had any Russian newspapers, I was offered a crossword puzzle. I continued my search for a newspaper in English or Russian and…

Georgia, a small country located in the Caucasus region, has recently signed an Association Agreement with the European Union (EU). The agreement, which was signed on June 27, 2014, aims to deepen the political and economic ties between Georgia and the EU, and to provide a framework for future cooperation in a variety of areas. The Association Agreement is a comprehensive document that covers a wide range of issues, including political cooperation, economic and trade relations, human rights,…

South Ossetia, a breakaway region of Georgia, has expressed its desire to join the Russian Federation. The region has been de facto independent since a 2008 war between Georgia and Russia, which resulted in Russia's recognition of the region's independence. However, South Ossetia's independence is only recognized by a handful of countries, including Russia, Venezuela, and Nicaragua. In February 2021, South Ossetia's parliament adopted a resolution calling for the region's integration into…

Yesterday I took a brief overview of Moldova, and today I'm eager to dive into the neighboring country of Romania. Romania is a full-fledged member of the European Union since 2007, together with Bulgaria, and is considered one of the poorest countries in the EU in terms of wealth. With a population of 21.33 million people and a GDP of 169.4 billion USD in 2012, Romania's GDP per capita is 7.942 thousands USD. Although Romania is four times richer than its neighbor Moldova, it is still five…

Moldova is a landlocked country in Eastern Europe, situated between Romania and Ukraine. Despite its small size and relatively low profile on the world stage, Moldova has a rich and complex history, a diverse culture, and a growing economy. One of the key features of Moldova's history is its position at the crossroads of different empires and civilizations. Over the centuries, Moldova has been ruled by a variety of powers, including the Ottoman Empire, the Russian Empire, and the Soviet Union…

Moldova is a small, landlocked country located in Eastern Europe. Despite its size, Moldova has a rich history and culture and is home to a diverse population of over 3 million people. In recent years, Moldova has made significant strides towards greater integration with the European Union (EU), including the introduction of a visa-free regime for Moldovan citizens traveling to the EU. The visa-free regime, which was introduced in 2014, allows Moldovan citizens to travel to the EU for up to 90…

It has been awhile since I last time examined GEL/USD exchange rates. Last time I did that, I was pretty worried about hidden devaluation of Georgian national currency Lari. During the past 4 years, GEL has lost its value against USD by -27.51% What are historical exchange rates (January - April 12th, 2014) (Screenshot from National Bank of Georgia) In last 3 and a half month, period Gel continues to lose its value against USD. USD 1 US Dollar 2014-01-01 1.7366 USD…

Latvia is set to become the latest member of the Eurozone when it joins on January 1st, 2014. This will make the 17-nation currency bloc one country bigger, following the lead of two other former Soviet states, Estonia and Slovakia. The small eastern European country, with a population of just 2 million, became a member of the European Union free market in 2004, and finally got the green light to join the single currency zone in June of 2013. From Wednesday, Latvians will be able to exchange…

Transnistria is a breakaway region located in Eastern Europe, sandwiched between Moldova and Ukraine. The region has been unrecognized by the international community since it declared independence in 1990, following the fall of the Soviet Union. Transnistria has a complex history and cultural identity, with a significant population of ethnic Russians and Ukrainians. The region's language and culture are heavily influenced by Russian traditions, and the people of Transnistria generally identify…