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Gita Announces Grants Program for Co-funding Startups

Innovation and Technology Agency of Ministry of Economy and Sustainable Development has announced co-financing grant program. These grants are issued for startup companies, private small enterprises with about 2-year history. According to GITA information, technology-based projects will be financed implying a growth in production of military, nuclear technologies, spirits and …

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BCSEA Helps to Improve Maritime Safety in Black and Caspian Seas

On 12-16 November, 14 Flag State inspectors from Azerbaijan, Georgia, Kazakhstan, Moldova, Turkey, Turkmenistan and Ukraine met in Lisbon for the second session of a training course organised under the EU-funded Black and Caspian Sea Regions Project (BCSEA). Following the high level of interest shown by the project’s beneficiary countries, the European …

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Georgia’s January-October Exports to EU Market Totaled 599.7 million USD

According to Geostat, the national statistics service of Georgia, in January-October 2018 the country exported 599.7 million USD products to EU market, while imports from EU amounted to 2.1 billion USD. Georgia’s negative trade balance with EU countries made up 1.6 billion USD. The major exports were recorded with Bulgaria …

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January-October Foreign Trade Turnover Rose by 20.5%

Georgia’s foreign trade turnover in January-October 2018 (without undeclared trade) made up 10 305.9 million USD, up 20.5% as compared to the same period of 2017, including the exports totalled 2 751 million USD, up 24.5% and the imports amounted to 7 555 million USD, up 19.2%. Georgia’s negative trade …

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Travel Industry to Record 2.4 Billion International Trips by 2030

Market research company Euromonitor International released today new data on the future of the travel industry. New research shows the travel industry is set to record strong growth with international arrivals reaching 2.4 billion by 2030, corresponding to USD 2.6 trillion in incoming receipts.  China, France and the US will …

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Medical Tourism Market in Georgia sees 30% Growth

19,500 foreigners arrived in Georgia for medical purposes in the first 9 months of 2018, which is 30% more than in the same period of 2017. According to the head of the Tourism Association Nata Kvachantiradze, people arrive in Georgia for postoperative recovery and not only. “Medical tourism is one …

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BP Georgia and USAID Zrda Activity to Support Communities Across Georgia

On December 18, 2017, USAID Zrda’s (Economic Growth program) Chief of Party, Brian King and BP Exploration (Caspian Sea) Limited, Georgia’s External Affairs Manager, Gia Gvaladze signed an agreement to improve cooperation in 41 villages where BP Georgia and USAID Zrda activities currently overlap. It ensures joint projects respond to the needs of …

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Luka Chachibaia: GWP will Invest 200 million GEL in Three Years

The company “Georgian Water and Power” talks about the activities carried out in 2018 and plans for 2019. According to Luka Chachibaia, Director of Operations Management, GWP has done more than 140 km of water and sewerage network this year. The network was also started in areas where the water …

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Local Apple to Replace Imported Product in Georgia

Alioni company consultant Archil Lobzhanidze says that the imported apples in Georgia will be replaced with local produce. As for him, the trend is clearly visible and is already affected the price. If the wholesale price of imported apples was GEL 1.5 last year, this year it  has decreased and …

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