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Economy

The Greek airline ‎Ellinair will resume flight on the Georgian air market.

The Greek airline ELLINAIR will operate regular flights to Tbilisi. A result of successful completion of negotiations between Georgian Airports Unions and Greek Airline ELLINAIR, regular flights will resume from May from Tbilisi International Airport to Thessaloniki and Crete Island. AIRBUS 320 and BOEING 737 airplanes will operate once a …

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Ferroalloy Manufacturing Plant to Open in Kutaisi

In Kutaisi, with the Chinese investment ($3 million), ferroalloy manufacturing plant is going to be built that will produce silicon. The plant will be located in the industrial zone of Hualing and start operating in a few months. “The construction of the enterprise has been completed. Currently, the technical work …

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Head of Innovation and Technology Agency Giorgi Zviadadze Resigns

Giorgi Zviadadze has resigned from the position of a head of Innovation and Technology Agency. “Having worked 10 months, I had to leave the wonderful team of LEPL Innovation and Technology Agency of Ministry of Economy and Sustainable Development. I would like to express my deep gratitude to Prime Minster …

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Container Terminals’ Future in Georgia

Regular container liner service has been launched between Caspian Sea ports in April 2018. Container shipments are performed by the general cargo ship Mahmud Rehimov, which belongs to the Azerbaijan Caspian Shipping Company. The Azerbaijani ship made its first voyage on April 6, 2018, from the port of Aktau in …

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Georgian Railway Switches to Modern Lighting System

Georgian Railway switches to modern lighting system. The agreement between the railway and company ”Grato” was officially signed. According to document, company accepts obligation to install energy efficient lights on stations, bases, tunnels and bridges, produced by American company ”Cree”. Within the framework of the new project, Georgian Railway will …

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EU4Energy Governance Talks: Interview with Predrag Grujicic

Predrag Grujicic

A two-day event organized under the EU4Energy Governance Project focused on upcoming reforms and Georgian legislation to be adopted in compliance with the EU Third Energy Package. Discussions covered increased market transparency and fluidity, the unbundling of natural gas system operators and Georgia’s place in the European natural gas market. …

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Georgian Lemonade Exported to China with Support of the Chamber of Commerce

With the support of Georgian Chamber of Commerce and Industry, fruit lemonade “Venakhi Lemonade” was exported to China. Georgian products on the Chinese market will enter through the partner company “Tiangbei.” In Guangzhou, China, Georgian Chamber of Commerce representatives state that fruit lemonade will be redistributed throughout China through Distribution …

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Experts Interested in Unique Cheese of Khani

The qvevri cheese producing technology counts centuries the village of Khani. In order to promote cheese, TV company ”Miri” visited village Khani. Together with the cheese expert Ana Mikadze-Chikvaidze, the program will be prepared about history of agriculture in Khani. Particular attention is paid to the technology and storage of qvevri …

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EIB to Allocate 250 Million EUR for Road Infrastructure

The Minister of Regional Development and Infrastructure of Georgia Maia Tskitishvili met with the European Investment Bank (EIB) representative in South Caucasus, Sebastian Husse de Sampin, Deputy Head of Strategic Roads Department Liz Waidner and Mission representatives. At the working meeting, the sides discussed about the ongoing projects of EIB …

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Tunnel Construction Works in Dariali Gorge to End in Autumn

Road Department has been building a 2 kilometre tunnel in the 132-135km section of Mtskheta-Stepantsminda-Larsi motorway, at the junction of Dariali and Devdoraki Gorges. Irakli Karseladze, chairman of Road Department has visited the construction site. At this stage, tunnel construction works have ended and tunnel coating works are underway. Approach …

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IMF Increased Georgia’s Economic Growth Forecast

The International Monetary Fund is expecting 4.5% economic growth in Georgia this year, which is a 0.3% increase compared to previous forecast.According to the Fund’s prediction, economic growth in Georgia will accelerate to 4.8% in 2019. In addition, the current level of inflation in Georgia will be 3.6%, and in …

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ADB Grows Investments for Developing Georgia’s Transit and Tourism Potential

Asian Development Bank (ADB) plans to increase investments volume in Georgia and participate in developing such directions as transit and tourism potential. ADB will finance a construction of 24-kilometer road of Kvesheti-Kobi, which is a part of Mtskheta-Stepantsminda motorway. The project calls for building a 9-kilometer tunnel. It should be …

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