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Alternate Energy High-Tech Plant to be Built in Georgia

Acting deputy executive director of the “Partnership Fund” Giorgi Danelia signed a memorandum in the framework of the official visit of the Prime Minister of Georgia to the United States, according to which the construction of the first modern and sustainable energy high-tech enterprises in Georgia was planned. Memorandum of …

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Georgia is Emerging Europe’s Most Economically-free Country

The Fraser Institute has published the 2018 world economic freedom report, which appraises the 2016 period of World Economic Freedom. The report comprises indicators of 162 countries due to various criteria, including – government size, simplicity in doing business, property rights and judicial system, as well as regulation burden and …

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Tbilisi City Hall to Examine Economic Potential of Capital City

Tbilisi City Hall plans to determine the most attractive investment economic fields, based on the economic potential research results. The report will cover economic condition of the capital city, analysis of economic sectors, unemployment level, employment indicator, economic potential of the population, as well as growth forecast due to economic …

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European Bank Provides Additional Funds to Support Water Projects in Kutaisi

The European Investment Bank (EIB) has signed a new Eastern Partnership Technical Assistance Trust Fund (EPTATF) Grant Agreement of over €3 million with the Georgian Ministry of Regional Development and the utility company the United Water Supply Company of Georgia. These funds, totalling €3.25 million, will be used to finance …

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ADB to Expand 1.5 billion USD Investment Portfolio in Georgia

Asian Development Bank (ADB) plans to expand its investment portfolio in Georgia, Minister of Economy and Sustainable Development of Georgia Giorgi Kobulia and ADB representation director Ieshim Elhan-Kaialar noted at today’s meeting. This was a positive and useful meeting and we discussed several important issues, the Minister said. After the …

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Capital Renovation of 6 Subway Stations is planned

Tbilisi Transport Company plans to repair capital’s 6 metro stations. These are: 300 Aragveli, Marjanishvili, Nadzaladevi, Rustaveli, Freedom Square and Isani. The Ministry allocated 770 thousand GEL to ensure that the tender winner company will prepare the project’s cost estimate documentation of these stations. According to the plan, complete rehabilitation …

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EBRD to Fund Kheledula HPP Construction

EBRD to Allocate 28 million EUR for Enguri HPP Rehabilitation

The European Bank for Reconstruction and Development will finance the construction of Kheldula HPP with $ 30 million. Investment cost of the project is 87 million dollars. The EBRD clarifies that the project will help to reduce carbon intensity in Georgia and will partially meet the growing demand for the …

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Bitcoin’s role in Georgian economy

Georgian digital ecosystem is represented by miners, start-ups, infrastructure projects, programs supporting digital involvement, diverse digital products and services, growing incomes of Internet market, and increase of employment. There are 329 organizations engaging in the e-communication field in Georgia. Their incomes are more than 1.3 billion GEL.  Revenues in the …

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