Home / Economy (page 3)

Economy

FMO Listed 160 Million Bonds at Georgian Stock Exchange

160 million GEL worth of 5-year bonds issued by Netherlands Development Finance Company have been admitted to the category A listing of the Georgian Stock Exchange. Galt And Taggart acted as the placement agent and bookruner for the issue. The floating rate coupon is paid quarterly at the rate of 3-months (91-days) National Bank of Georgia Certificate …

Read More »

47% of Exported Georgian Honey Go to Japan

47% of exports Georgian honey go to Japan. Georgian honey is also exported to United Arab Emirates, Qatar, Bahrain, Iraq, Saudi Arabia. At the first meeting of the Beekeeping Board, Minister of Agriculture and Environment Protection talked about importance of the job performed for recognition of Georgian honey on EU …

Read More »

Galt & Taggart Developed Government Pension Fund Calculator

Galt & Taggart has developed a Government Pension Fund calculator. The calculator is based on a new pensions savings scheme of the government and allows defining the estimated pension. Specifically, any interested individual using the calculator can identify the savings amount over the specific period. The calculator is given on …

Read More »

Georgia’s Largest International Grant Organizations

According to the research by IDFI, in 1995-2017 years, state agencies of Georgia received targeting financial assistance and grants from various donor organizations, totaling 221,34 million US dollars. Global Fund – 56.09 mln USD BTC Co. (Baku-Tbilisi-Ceyhan pipeline company) – 47.54 million USD World Bank – 22.31 million USD UNDP …

Read More »

Minimum Cost of Living in Georgia and its Region Countries

In June, the minimum cost of living decreased in Georgia and the minimum wage of the men of the working age amounted to 173 GEL. According to Geostat data, the minimum wage decreased by 4.8 GEL in June compared with the previous month. Compared to the same period of the …

Read More »

ENRD Supports Georgia in Establishing National Rural Development Network

Up to 35 representatives of the Georgian Local Action Groups from different municipalities, ENPARD partner NGOs, the Government and international experts took part in the training workshop about EU rural networks held in Batumi on 26-27 July. The workshop was organised by the United Nations Development Programme (UNDP) with the …

Read More »

Rapid Estimates of Economic Growth in Georgia

The estimated real Gross Domestic Product (GDP) growth rate in June 2018 amounted to 4.0 percent y-o-y. An average estimated real GDP growth equaled 6.0 percent for the Q2 2018 and 5.7 percent for the first half of 2018 y-o-y. In June 2018 the estimated real growth, compared to the …

Read More »

11.9% of Residents Receive Living Allowances

According to the last report by Social Service Agency, living allowances are issued to 11.9% of residents of Georgia, that is 445 286 persons and 129 342 families. It is noteworthy that the number of beneficiaries is declining since January 2018. In January 2018 the figure was 12.2%. It should …

Read More »

Timber Import to be Exempted from VAT

“Timber import will be exempted from VAT,” – stated the Prime Minister Mamuka Bakhtadze before the government session. According to him, with this decision, there will be less motivation for cutting trees in Georgia and there will also be certain benefits for lumber and plank export. “We will be intolerant …

Read More »

Government To Suspend State Subsidization of vintage in Kakheti

This year Government will suspend state subsidization of vintage in Kakheti Region. Georgian Agriculture Minister Levan Davitashvili said that the government will show new mechanisms for the 2017 vintage because of current situation in winemaking field. Government started subsidizing grapes in 2013.    

Read More »