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Economy

State Budget to Spend 4 million GEL on 4-day Festival

Total budget of ANAKLIA ECHOWAVES 4-day festival exceeds 6 million GEL. As reported, ANAKLIA ECHOWAVES project will be held as part of Check in Georgia 2018 and it is, in practice, alternative format to GEMFEST, which was founded by Giorgi Sigua. As reported, this year state budget will not subsidize …

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EU Supports Discussion on Rural Development Priorities in Georgia

Last week, representatives of the Georgian government and Kazbegi Local Action Group (LAG) gathered in the town of Stepantsminda to discuss rural development priorities for the region and the way forward. The main topics of the meeting referred to the state programmes and initiatives designed to promote rural development through the …

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Azerbaijan and Netherlands Seeking to Link Each Other’s ports

Azerbaijan and the Netherlands are cooperating on development of the Baku Sea Trade Port and its connection with the Dutch ports, Ambassador of the Netherlands to Azerbaijan Onno Kervers told Trend. “Representatives of specific hubs in the Netherlands study the ways to share expertise and would like to study the …

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Georgia to Broaden Internet Market

EuroDIG 2018

Georgia’s internet market will be expanded in several years and it will be harmonized with European Regulations, Georgian Economy Minister Dimitri Kumsishvili told reporters after his speech at the EuroDIG 2018 Business Forum. “We have assumed obligation as part of EU association agreement to ensure market openness. The market will …

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Parliamentary Action for SDGs Kicks off in Georgia

The Parliament of Georgia joins hands with the United Nations Development Programme (UNDP), Government of Sweden and Inter-Parliamentary Union (IPU) to introduce effective tools for monitoring and implementing the Sustainable Development Goals (SDGs). The national Parliamentary Action for SDGs will focus on all available parliamentary mechanisms, such as law-making, budgeting, …

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European Dialog on Internet Governance: Conference Starts in Georgia

EuroDIG

EuroDIG Conference hosted by the Ministry of Economy and Sustainable Development of Georgia takes place in Tbilisi. EuroDIG is not a usual conference organized top-down by a small committee. Every year EuroDIG takes place in another European country thus bringing in new people constantly. The local community always plays a big role in …

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Geostat: Averaged Salary Rose by ₾82 to ₾1106

According to Geostat, national statistics service of Georgia, in the first quarter of 2018, averaged monthly salary in business sector totaled 1106.4 GEL, up 82.4 GEL year on year, including women’s salary made up 841.1 GEL, up 64.7 GEL year on year. Due to the size of companies, averaged monthly …

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DCFTA Information Desk Launched in Tetritskaro

DCFTA (Deep and Comprehensive Free Trade Area) Information Desk has been opened in Tetritskaro, at the office of ENPARD implementing partner, Association Rural Development for Future Georgia (RDFG). Subsequently, the members of the EU-supported Tetritskaro Local Action Group (LAG) will inform local community about DCFTA – How to bring their …

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Pashinyan: We are Interested in Armenia-Georgia Trade Growth

Pashinyan: We are Interested in Armenia-Georgia Trade Growth

Prime Minister of Armenia Nikol Pashinyan, who is on an official visit to Georgia, on Thursday met with Georgian and Armenian businessmen. First, the PM had a working breakfast with huge Georgian businessmen, and then—a working lunch with Armenian businessmen conducting business in Georgia. Pashinyan presented to the latter the …

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Armenia Prepared to Bringing More Georgian Capital to Country

Armenia Prepared to Bringing More Georgian Capital to Country

Armenian Prime Minister Nikol Pashinyan, who is paying an official visit to Georgia, met with Georgian and Armenian businessmen today, the Armenian government press service reported. It said the Prime Minister first had working lunch with Georgian entrepreneurs, then with Georgia-based Armenian business people. The Premier briefed them on his …

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Georgia’s Economy Gathers Pace, Grows 5.5%

Georgia’s economy grew 5.5 percent year-on-year in the first four months of 2018, preliminary official data showed on Wednesday, up from 4.2 percent in the same period last year. The fastest growth occurred in the processing industry, construction, trade and services sectors, the data showed. In April alone, gross domestic …

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