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Economy

Georgia is Exempt From Tobacco Smoke

According to the Georgian Law on Tobacco Control, smoking is not only forbidden in all buildings and on public transport (except for taxis and motorboats). According to the law, the consumption of tobacco products is also prohibited at educational, childcare and educational-care institutions, libraries, youth camps, children’s entertainment centers and …

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EU-supported Study on Priority Value Chains in Georgia

Dairy and beef production, along with wheat, maize, potatoes, vegetables and fruits are among the most favourable pre-selected value chains reflected in a baseline study recently conducted with EU support. As part of the €12 million project under the EU-funded European Neighbourhood Programme for Agriculture and Rural Development (ENPARD III) …

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Nenskra Hydropower Plant is a Unique Project for Georgia

“The Partnership Fund” is constructing Nenskra HPP together with a Korean company, K-Water, in Svaneti, on the Enguri River tributary. Natia Turnava, Deputy CEO of the Partnership Fund, talks about Nenskra HPP potential. -Natia, what are your comments on the significance of an investor like K-Water is in Georgia? -“The …

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Mamuka Bakhtadze: Unfair Rules that Grow Poverty will Be Removed

Mamuka Bakhtadze

Over-indebtedness is one of the key factors of poverty growth, Minister of Finance Mamuka Bakhtadze told the news conference, where he overviewed details of the coming reform in the banking and finance sector. Excessive debts lower incomes of our citizens, he said. “Today we see that citizens who suffer from …

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Job Creation Plays Key Role in Georgia’s Economic Growth

 Sustained economic growth in Georgia over the past two decades has helped reduce poverty and boost shared prosperity, with job creation playing a significant role. At the same time, however, job creation is not keeping pace with economic growth, says a new World Bank report, Georgia at Work: Assessing the Jobs …

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Georgia and Britain to Develop Exchange Educational Programs

Minister of Education of Georgia Mikheil Chkhenkeli has met with British Minister of Education, Science and Innovations Samuel Phillip Gyimah. The parties discussed cooperation enhancement and future plans, made emphasis on higher and vocational education sectors and developing exchange programs. Both Georgian and British students and professors and teachers will …

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Unemployment Declines Slightly

Employment rising since 2009, but citizens still complain about joblessness. In 2017, the unemployment index in Georgia declined by 0.1% compared to 2016, and was 13.9% in total. According to Geostat, the national statistics service of Georgia, the country is seeing a tendency towards reduction in unemployment. The unemployment level …

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Import and Manufacturing of Electric Buses May be Exempt from VAT

Import and Manufacturing of Electric Buses May be Exempt from VAT

Electric cars and minibuses may be exempt from the added value tax. Tbilisi City Hall appeals to the Parliament with the draft project to exempt import and manufacturing of this type of transport from VAT. The issue is already agreed with the Finance Minister. The Mayor of Tbilisi, Kakha Kaladze …

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Twenty-two Slovak Investors to Arrive in Georgia

On May 25 a business conference will be held in Tbilisi and 22 Slovak investors will attend it to meet with hundreds of Georgian businessmen. At the conference Georgian and Slovak parties will negotiate various investment projects. “Georgia is an interesting country for Slovak investors and their arrival is important …

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Enterprise Georgia Project May Embrace New Component

“Mikheil Khidureli, new director of Enterprise Georgia project says that the ongoing projects are very successful and they will be maintained. At the same time, they may be refurbished and new components may be also added to the project. We will also identify directions with more potential and we will …

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