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Economy

Georgia and Great Britain Start Working on Saving Free Trade Regime

Genadi Arveladze, Deputy Minister of Economy of Georgia, has met with Sara Kroft, chief negotiator of Great Britain with Eastern Europe and Central Asia. After the Brexit, Great Britain has faced necessity that EU-signed international agreements be moved to bilateral format, especially, special regard is paid to saving the trade …

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Baku-Tbilisi-Kars Railway To Come Online

The Baku-Tbilisi-Kars (BTK) railway will come online this month, according to an announcement made by Turkey’s Minister of Transport, Maritime and Communications on October 7. “We will complete the project at the end of this month and start commercial service. Authorities from all three countries are working together,” Ahmet Arslan …

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New Milk Processing Enterprise Launched in Gardabani

The new milk processing factory – “Teleti cheese house” Ltd, which was created within the framework of “Agrobusiness”, was opened by Deputy Minister of Agriculture Giorgi Chkheidze with Kvemo Kartli governor Grigol Nemsadze and director of Agriculture Projects Management Agency, Mamuka Kvaratskhelia. The enterprise is financed in the framework of …

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Anaklia City to Cooperate with the Largest Free Economic Zone

Anaklia City begins to cooperate with Incheon Free Economic Zone. The South Korean Incheon Free Economic Zone is one of the largest and most advanced in the world. Incheon zones developed on 3,000 since 2003, and it is planned to complete all its phases in 2020.Leading multinational companies in the …

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PM: Georgia’s Real Economic Growth will Be Higher than Planned

Georgia is recording the best economic growth indicators and best quality of fiscal management in the Region, Georgian Prime Minister Giorgi Kvirikashvili noted regarding a completion of the first review of International Monetary Fund’s (IMF) mission and stressed positive results of this mission. The Prime Minister noted that Georgia’s fiscal …

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Iran- Georgia B2B Forum on Technological Cooperation in Tbilisi

According to the public relations and information center of the Vice-Presidency of Iran  for science and technology affairs, business-to-business forum of technological products of Iran is the title of the first technological event of Iran in Georgia. This event is established for maximum use of power of technological and knowledge-based companies …

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FAO: Rural Strengthening is the Basis of Economic Development

According to the United Nations Food and Agriculture Organization (FAO) – “State, Food and Agriculture 2017,” the village plays a decisive role in the economic growth of agricultural sectors. In order to achieve this growth, it is important to pay more attention to the development of agriculture and villages, where …

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Georgia’s International Reserves Exceed 3bln USD

Georgia’s currency reserves rose by 110 million USD in September, following 23 million USD contraction in August and 18 million USD reduction in July. As of October 1, Georgia’s currency reserves constituted 3.025bln USD (2.9bln USD as of September 1, 2017). According to National Bank of Georgia (NBG), reserve assets …

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