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Danish Fund Allocates 5 Million USD Grant for Young Farmers

Danish Foundation “Danida” allocates 5 million USD grant to encourage young people in the agricultural field of Georgia. In the framework of the program, it will be allocated from 15 thousand to 100 thousand small and medium-sized grants for young entrepreneurs. As Deputy Agriculture Minister Nodar Kereselidze states at  Business …

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Georgia’s Economic Growth Totaled 4.9% in 1H17

In the first half of 2017 Georgia’s economic growth marked 4.9% (real GDP). Highest upturn was recorded in development sector (+18.8%) and hotels and restaurants sector (+10.9%). Communications sector ranks third with 8.2%. The lowest growth was registered in electricity, gas and water supply-distribution sector (+0.2%). Agriculture emerged an  only …

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Acquisition of Lands for Construction of Batumi By-pass Road Ends

Acquisition of Lands for Construction of Batumi By-pass Road Ends

Acquisition of lands for construction of 14.3 km Batumi bypass road is finished. Giorgi Kakauridze, deputy finance minister declared about acquisition and loan agreement with donors at the parliament. The Asian Development Bank has allocated a loan of $ 114 million with maturity of 24 years (108.2 million) and grace …

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Highest-paying and Lowest-paying Sectors in Georgia

In the second quarter of 2017 the averaged salary in Georgia made up 1071 GEL. According to Geostat, national statistics service of Georgia, the highest salaries are recorded in the finance sector (2357 GEL), the development sector ranks second with 1938 GEL and the state sector is third with 1363 …

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Role of Young Generation in Overcoming Modern Challenges

Social and economic changes in a country largely depends on scales of political and governance activities of young people. Demographic factors, restrictions for continuous development, low salaries, unemployment, problems with professional and career growth, inefficient economic policy grow inequality between generations.  Today, Government has been trying to stimulate business activities …

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Vintage 2017 – Kakhetian Farmers Eearn 60mln GEL

Kakheti Region winegrowers have earned 60mln GEL from sales of grapes to winemaking companies. As of 10 o’clock of September 18, winemaking companies in Kakheti Region have processed 50 000 tons of grapes, including 20.1 thousand tons of Rkatsiteli, 25.6 thousand tons of Saperavi, 1.7 thousand tons of Kakhetian Green …

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