728x90
Home / Economy

Economy

SOCAR to Rehabilitate Old and Amortized Pipelines in Georgia

Azerbaijan’s state oil company SOCAR plans to make investments in rehabilitation of old and amortized pipelines in Georgia in 2018, head of SOCAR Energy Georgia Mahir Mammadov told Trend in an exclusive interview. He pointed out that in December 2017, SOCAR Georgia Gas successfully completed the fulfillment of its investment …

Read More »

Georgian Airways Add New Planes and Routes

Georgian Airways Airline expands According to Givi Davitashvili, Director of the airline. Company plans to import two new planes in 2018 – Boeing 737 -132 (168 seats) and Embraer 190.  The airline says that passenger traffic has increased, which caused the need to expand. Airline served 48% more passengers in …

Read More »

Eight New Hydro Power Plants to Launch Operation in 2018

HPP

This year a construction of eight new hydro power plants will be finished, Romeo Mikautadze, Deputy Minister of Economy told BM.GE. Total installed generation of these 8 HPPs is 82 megawatts and generation will constitute 370 million kw/h. These facilities are: Kirnati, Skhalta, Skurdidi, Jonouli, Kasleti 2, Avani HPP, Kheori …

Read More »

Why Government Keeps Pension System Reform’s RIA Classified

Why Government Keeps Pension System Reform’s RIA Classified

By order of Governing 4 Growth (G4G), project by US Agency for International Development (USAID), ISET has conducted a regulatory impact assessment (RIA) for pensions system reformation. The mentioned information was confirmed by G4G and ISET. In response to the question, why the mentioned document is not divulged, G4G representatives …

Read More »

Georgian Airways Served 308 275 Passengers in 2017

During the year 2017, Georgian airline “Georgian Airways” carried 308 275 passengers, reads company’s annual report. It also states that the company started direct flights from Tbilisi to London and Prague, as well as Batumi in 2017. As of March 2018, the airline starts direct flights round flights to Paris, …

Read More »

Pomegranates Plantations to be Cultivated in Kakheti

Company “Agroplan” plans to plant pomegranates in Kakheti. The project is already in active phase and at this stage the business plan is being processed. Preliminary estimates of pomegranate seedlings are 400 hectares. As the founder of the company Mohamed Javad Arabnejad told bm.ge, there is a good prospect of …

Read More »

Real Estate on Balance of Ministry of Economy

There are 47 719 agriculture land plots on the balance of Ministry of Economy. Total space of these land plots constitutes 3 791 424 603 square meters, including the major part (16 389) is located in Kvemo Kartli, while the smallest part is registered in Racha-Lechkhumi and Kvemo Svaneti Region. …

Read More »

NDI: Unemployment Shrinks in Georgia

According to the National-Democratic Institute (NDI), unemployment level is declining. According to the recent report, which was held in December, number of people, who consider themselves unemployed, has shrunk. Namely, 40% of the respondents consider themselves to be employees, while 60% consider themselves as unemployed. According to the June 2017 …

Read More »

Energy Community Secretariat Assists to Foster Gas Market Reform in Georgia

The Energy Community Secretariat, under the EU4Energy Governance Project, launched another technical assistance project in Tbilisi, Georgia, to contribute to opening of the gas market, attract investments and provide for an increased security of gas supply in Georgia. A draft natural gas distribution network code will cover and elaborate the …

Read More »