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Economy

Georgian Stock Exchange to Sell Shares of Wind Power Stations

Georgian Stock Exchange will sell shares of wind power stations. Any citizen and investor will be able to participate in public offers and buy shares of Kartli wind power station, Georgian Prime Minister Giorgi Kvirikashvili said. “We have decided to make a public offer on Georgian Stock Exchange (GSE) and …

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Giorgi Kvirikashvili: Kutaisi is Turning into an International Hub of Education

PM: Kutaisi is Turning into an International Hub of Education

According to the Memorandum, the Munich Technical University will join the project of Kutaisi International Technological University not as a consultant but as a partner, – Prime Minister Giorgi Kvirikashvili said at today’s government session.  Prime Minister said that the Kutaisi International Technological University project is very important and two …

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Averaged Monthly Salaries in Georgia due to Sectors

According to Geostat, national statistics service of Georgia, in the first quarter of 2017, averaged monthly salary of an employee marked 989 GEL, up 8.4% year on year. The highest salary was recorded in finance sector – 1908 GEL. Housing sector is second with 1598 GEL, transport and communications ranks …

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Industrial Products Producer Price Index Grows

In May producer price index for industrial products rose by 9.4% year on year, while the index has not changed month on month. In May 2017 prices rose by 0.6% for processing industry products, which was reflected by 0.51% in total indicator of the index. According to Geostat, national statistics …

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EU Reaffirms Commitment to co-op with Eastern Partnership Countries

The EU reaffirms its strong commitment to cooperation with Eastern Partnership countries, Federica Mogherini, High Representative of the EU for Foreign Affairs and Security Policy said at Eastern Partnership (EaP) ministerial meeting in Luxembourg June 19, the European Council said in a message. The meeting brought together EU foreign ministers …

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500 Million Market Opens for Fish Producers

500 Million Market Opens for Fish Producers

Market of 500 mln is opened for fish producers. The EU market has already been opened for Georgia’s Black Sea fish and fish products. “Today, export worth of 30 million USD products is made to Turkey, which has been actually the sole export market for Georgian fish. From today the …

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Georgian Exports to EU Countries Grow by 41%

Georgian Exports to EU Countries Grow by 41%

Demand for Georgian products grows on EU market.  According to Geostat, national statistics service of Georgia, in January-May 2017 the country exported 260 million USD products to EU market, up 40.7% year on year. In the reporting period, imports totaled 830.4 million USD, up 9.1% year on year. Georgia’s total …

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EU Market Opens for Georgian Anchovy From June 20

Anchovy caught in Georgian Waters of the Black Sea basin will be the third products of animal origin admitted to the EU market. The EU human health and right protection directorate will officially publish the decision on June 20. Georgian companies have been getting ready for this decision for two …

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Asian Development Bank to Finance Dzirula-Chumateleti Highway Reconstruction

Asian Development Bank (ADB) will finance the rehabilitation of about 50 kilometer section of Dzirula-Kharagauli-Moliti-Chumateleti highway . The corresponding agreement was signed by Dimitri Kumsishvili, Minister of Finance of Georgia and ADB director general Sean O’Sullivan. The agreement calls for allocating 80 million USD financial resource. After the signing ceremony, …

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