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Economy

Prime Minister: Roadmap will Help Resolve Current Economic Challenges

Georgia is a leading country in Eastern Partnership, Georgian Prime Minister Mamuka Bakhtadze noted at the news conference, which was held after the EU-Georgia Association Board meeting. At the meeting the Georgian delegation introduced a government roadmap for Integration in EU and for consolidating our reforms along with all cooperation …

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Where and How Many – Taxes in Georgia, CIS Space and Worldwide

One of the liberal and attractive systems – this is how international organizations and experts characterize Georgia’s taxation system. Georgia ranks 6th among 190 countries of the world in the Doing Business rating thanks to low taxes, economic experts say. Under the Tax Code adopted in 2005, only 6 taxes …

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Georgian Railway Participated in European Railway Awards Ceremony

Director General of Georgian Railway Davit Peradze and Head of Corporate Management Department Nino Jorbenadze participated in the European Railway Awards ceremony held in Brussels and took part in the 63rd General Assembly of the European Railway Group. The Assembly discussed the issues related to the railway sector which will …

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Gas Supply from Azerbaijan to Georgia may Increase by 11% in 2019

Gas supply from Azerbaijan to Georgia may increase by 11 percent in 2019, Azerbaijan’s state oil company SOCAR told Trend. “SOCAR Georgia Gas LLC has imported around 500 million cubic meters of natural gas to Georgia from early 2019 to late February this year. The company plans to directly supply …

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Administration of JSC “Elmavalmshenebeli” Publishes Statement

The administration of JSC “Elmavalmshenebeli” publishes a statement: JSC “Elmavalmshenebeli” has a really difficult situation to pay for wages. There are 5 months salary arrears, the employees’ claim is legitimate and fair. The debts are fully recognized by the administration of the factory, as indicated in the tables, are declared …

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12 Protected Areas in Georgia to Receive Comprehensive Support UNDP and GEF

Twelve Protected Areas in Georgia will receive comprehensive support from the United Nations Development Programme (UNDP) and the Global Environment Facility (GEF) aimed at enhancing their management and financial sustainability, and at assisting Georgia to conserve and protect its unique biodiversity. The five-year initiative will be implemented by the Caucasus …

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Statement of Georgian Railway Trade Union

As it is known, JSC “Elmavalmshenebeli” has created is experiencing a very difficult situation. Personnel employed in the factory have not received their salaries for 6 months. We share and agree with their demands regarding payroll and improvement of labor conditions. Based on this, a professional union of the electric …

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EU Launches Rural Development Project in Akhmeta Municipality

Last week, the EU launched a new rural development project in the Akhmeta municipality of Georgia. Entitled “Promoting Inclusive and Participatory Local Development in Akhmeta Municipality”, the project introduces a bottom-up, inclusive rural development approach that fully engages all communities in the municipality. The project follows the earlier EU-supported rural …

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IMF: Georgia’s Economic Growth is Projected at 4.6 percent in 2019

An International Monetary Fund (IMF) team, led by Mercedes Vera-Martin, visited Tbilisi during February 20-26, 2019 to discuss recent economic and financial developments and progress with structural reforms. At the end of the visit, Ms. Vera-Martin issued the following statement: “Economic activity, which grew at 4.7 percent, proved resilient in …

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Over 90% of Subscribers Will Be Gasified in 2019-2021

Deputy Minister of Economy and Sustainable Development, Natia Turnava introduced the 2019-2021 Gasification Action Plan to the Prime Minister’s Adviser for the Regional Development, Sozar Subari and the Regional Representatives. The Plan envisages allocation of over 200 million GEL for the relevant works from the State Budget. As a result, …

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