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Economy

9.9% Growth of Electricity Consumption Expected in 2018

Electricity consumption growth rate was revised upwards by 3ppts for 2018. On August 27, 2018 Ministry of Economy and Sustainable Development updated the forecast of electricity (capacity) balance for 2018. Based on this document, forecast for electricity consumption in 2018 was revised upwards to 13.0TWh, which is 9.9% y/y increase …

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AMS Airlines: Disinformation Spread of Us not having Operating License

AMS Airlines responds the story aired on September 30 on Rustavi 2 and explains that the information contained is false. The company describes the dissemination of programme P.S.’s information as if the company does not have the Operating License and allegedly performs the activities in violation of the law. The …

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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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