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Economy

Filbert Exports Decline

In January-October 2018 Georgia’s filbert exports made up 45.800 million USD, down 19 million USD year on year. According to Geostat, national statistics service of Georgia, in the first quarter of 2018, the filbert exports exceeded 18 million USD, in the second quarter the figure made up about 10 million …

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Tbilisi Mayor Presented One Year Report to Society

Kakha Kaladze, the mayor of the capital, presented a year report to the society. The activity report includes seven main directions – urban development, transport, social, economic, environmental, education, culture, healthy lifestyle and youth as well as management policy. During the presentation, Kakha Kaladze talked about the major changes implemented …

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200 Eco-friendly Buses to be Purchased for Tbilisi

TBC Bank’s Innovative Project Ti-Bot Gets International Recognition

The European Bank of Reconstruction and Development (EBRD) is extending a €27 million loan to Georgia to acquire up to 200 new compressed natural gas buses for the country’s capital of Tbilisi. The EBRD loan is supported by a grant of up to €7 million, provided by the Eastern Europe …

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Textile Factory to Open in Samtredia by 1 million USD Turkish Investment

Since 2011, member companies of Association of International Investors have invested about 600 million USD in Georgia. Currently, the Association registers 14 companies, which make investments in the fields of industry, construction, tourism and medicines. Osman Chalikshani, head of Association of International Investors, told BM.Ge that the member companies have …

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Number of Microfinance Organizations Decline by 15.2%

Number of microfinance organizations that are registered at National Bank of Georgia (NBG) decreased by 3 ones, while the number of currency exchange booths declined by 21 ones. Moreover, one service centre of a commercial bank was also closed. According to the NBG statistics, in late October 2018, a total …

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35 Million EUR for Engurhesi Rehabilitation – Works Start in 2019

The processes related to tender for the hydropower plant project Engurhesi rehabilitation will have to be completed by the end of April 2019 – Engurhesi Director Levan Mebonia told Bm.ge The Engurhesi rehabilitation project is financed by the European Bank for Reconstruction and Development (EBRD). EBRD already allocated 28 million …

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Effect by Georgian Tea: 1 GEL of State Budget Earns 0.44 GEL Investment

According to Ministry of Environment Protection and Agriculture, as part of tea plantations rehabilitation program – Georgian Tea, a total of 39 projects were financed from 2016 up to August 31, 2018 and spaces of 907 hectares have been rehabilitated or are being rehabilitated. In the reporting period, total investments …

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SkyUp plans to operate from Kiev to Batumi in addition to Tbilisi

The Ukrainian low-coster SkyUp plans to launch regular flights from Kiev to Batumi, besides Tbilisi. According to SkyUp, the company will operate on Kiev-Batumi airspace from May 25, 2019 and will carry out daily flights. It is already known that the price of the ticket will be from 1527 Ukrainian Hryvnia. …

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Ministry of Economy Releases Special Statement on Wizz Air

wizz-air

We find it absolutely unacceptable to disseminate this misinformation aimed at misleading our population, destabilizing the situation and damaging the interests of not only one specific airline, but the whole business environment in Georgia. We would like to declare with full responsibility that no restrictions will be introduced against Wizz …

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