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Economy

Food Trucks to Take over Tbilisi Within Night Economy

“Another project will be implemented within the night economy. So called Food trucks will be located in the capital, on specific locations, “said Deputy Mayor of Tbilisi Sophio Khuntsaria. According to her, small businesses are expressing great interest towards this project. According to Sophio Khuntsaria during video tape, a survey …

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EU and UNDP promote Mediation and Arbitration in Georgia

Development of Alternative Dispute Resolution (ADR) in Georgia has been the focus of the projects of the European Union (EU) and the United Nations Development Programme (UNDP) in Georgia. Working closely with the Georgian Government, judiciary, private sector and educational institutions, the European Union and UNDP will continue promoting the …

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Natia Turnava: Georgia Supports Development of South Gas Corridor

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“Georgia supports the development of the South Gas Corridor. It is important that Europe will receive natural gas via the mentioned corridor, which will pass the territory of Georgia. The project is strategically important not only for Georgia but also for Europe, and, at the same time, it has a …

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Competition on Borjomi Park concept Announced

Competition for the development of the concept for Borjomi Central Park was announced. According to the municipality, the main goal of the competition is to maintain and develop the historical and cultural functions of the park. According to the official documentation, the concept should include: long-term vision of the development …

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BDO Appraises Efficiency of Enterprise Georgia Program

BDO company has prepared a report on efficiency of financial accessibility and technical assistance components of the Enterprise Georgia program. The report was prepared by order of Enterprise Georgia agency of Ministry of Economy of Georgia. A total of 100 beneficiaries were selected for the research process. At least 2 …

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Georgia’s Foreign Trade Totaled $ 826.8 Million in January

In January 2019, Georgia’s foreign trade turnover (without undeclared trade) amounted to USD 826.8 million, which is 1.2 percent more  than in the previous year. Exports amounted to $ 238.8 million (7.2 percent more) and imports amounted to $ 588.0 million (1.1 percent less). Sakstat reports that Georgia’s negative trade …

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237.5 Thousand of Georgian Citizens are Unemployed

According to Geostat, in IV quarter 2018 year the unemployment rate increased by 0.1 percentage point compared to the previous quarter and equaled 12.3 percent. In 2018 the annual unemployment rate decreased by 1.2 percentage points compared to 2017 and amounted to 12.7 percent. It should be noted that the …

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Vazil Hudák: Priority Issue is to Attract Foreign Direct Investments to Georgia

Minister of Economy and Sustainable Development George Kobulia held a meeting with the Vice-President of the European Investment Bank, Vazil Hudák and the accompanying delegation. Deputy Ministers of Economy and Sustainable Development Natia Turnava and Ekaterine Mikabadze also attended the meeting. Investment portfolio of the European Investment Bank in Georgia …

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Russian Threats in Georgian Economy

Several days ago, government offices published statistical indicators, that, at a glance, seem encouraging. Namely, despite negative forecasts and swine flu, in January 2019, the tourist inflow to Georgia rose by 18% year on year. Moreover, it is reported that agriculture product exports have grown, and  exports totaled 935 million …

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