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Nenskra Hydropower Plant is a Unique Project for Georgia

Korean K-Water Assists Partnership Fund to Construct Nenskra HPP

“The Partnership Fund” is constructing Nenskra HPP together with a Korean company K-Water in Svaneti, on the Enguri River tributary. Nenskra HPP will start generating electric power in 2019. The project is scheduled to be completed in 2021. Natia Turnava, Deputy CEO of the Partnership Fund talks to “Business Morning” …

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IMF COUNTRY FOCUS – Georgia Growing

IMF COUNTRY FOCUS – Georgia Growing

Georgia is in the focus of the International Monetary Fund (IMF). The Vice Prime Minister of Georgia and the President of the National Bank of Georgia (NBG) are responding to the IMF questions on the current situation and perspectives in the country. The interview was held during the annual meeting …

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British Organizations are Interested in the Clinics of the Partnership Fund

British Organizations are Interested in the Clinics of the Partnership Fund

David Saganelidze, Executive Director of Partnership Fund hosted delegation of the British-Indian Clinical and Academic Partnership BICAP and one of the world’s leading research and training universities, King’s College London. The British delegation is interested in development of the three clinics, owned by the foundation. They want to cooperate with …

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New Professions to Boost Agriculture in Georgia

The conference about new agriculture professions in Georgia will be held on Wednesday, November 22, 2017, 14:30, at Marriott Courtyard Hotel (4 Freedom Sq., Tbilisi). The event is organized by the Ministry of Education and Science and Ministry of Agriculture of Georgia, with support from the United Nations Development Programme …

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Government: Tobacco Product Reserves Have Been Halved

According to the draft amendments to the Law of State Budget of 2017, tobacco product reserves have significantly decreased during the year in Georgia. Specifically, the draft law states that in 2016, Georgia had average supply of 2 month, and in 2017 number has been halved and on average it …

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External Trade of Georgia Rises in Value

Economy Ministry Predicts Export Growth

In January-October 2017 external merchandise trade (excluding non-declared trade) in Georgia amounted to USD 8566.1 million, 12.7 percent higher year-on-year. The exports equaled USD 2203.1 million (29.4 percent higher), while the imports stood at USD 6363.0 million (7.8 percent higher). The negative trade balance was USD 4160.0 million in January-October …

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Longest Tunnel Unveiled in Georgia

Excavation Completed for the Longest Tunnel in Georgia

Very important news for Georgia’s railroad infrastructure-excavation for the longest tunnel in Georgia (almost 8.5 km) is finalized. Kvishkheti-Zvare Tunnel, is part of the modernization project of the Tbilisi-Makhinjauri Mainline. According to the Head of Government, the implementation of this project is vital for the development of the country’s infrastructure …

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