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Tag Archives: georgia

When Breathing is Dangerous

For many years air pollution indicators in Georgia and Tbilisi are widely covered in a lot of international and domestic reports. According to the 2017 December indicator of World Health Organization (WHO), Tbilisi is one of the most polluted cities worldwide, where air pollution norm is 2.9 times worse. According …

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IMF Executive Board Concludes 2018 Article

The Executive Board of the International Monetary Fund (IMF) approved the completion of the second review of the three-year Extended Fund Facility (EFF) arrangement for Georgia. The EFF was approved on April 12, 2017 for an of SDR 210.4 million (about US$285 million or 100 percent of quota at the …

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Yandex.Taxi Launches Kids Taxi Service in Tbilisi

Yandex.Taxi has launched a special ‘Kids’ tariff in Tbilisi. Currently it features 200 Toyota Prius vehicles equipped with Moni child safety seats. All cars available for the order in ‘Kids’ tariff are equipped with Moni Armor or Moni Ares child safety seats which comply with European safety standards ECE-R44/04 and …

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How Georgia Can Replace the Evegrowing Electricity Imports

How Georgia Can Replace the Evegrowing Electricity Imports

Energy independence is of utmost importance for Georgia in terms of both its economic and political security. It is impossible to develop and strengthen the country without a strong energy system. The immense technical progress has led to higher demand for electricity all over the world and Georgia is no …

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Government to Write off All Tax Debts Accumulated before 2013

Government of Georgia plans to write off all tax debts accumulated before 2013, Mamuka Bakhtadze, candidate for the Prime Minister;s position noted. “I want to unveil a very important initiative. When talking about unfair rules in economy, the years of 2011-2012 were the most evident samples, when incorrect tax liabilities …

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New Government to Have 11 Ministers Instead of 14

“The number of Ministries will shrink,” the nominee for the Prime Minister’s position told reporters. He also urged the Parliament of Georgia to implement new government approval procedures in the shortest period possible. “In several days the Parliament will approve the new government and its program. A key principle of …

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Downturn in FDI – A Warning to Investors?

According to preliminary indicators by Geostat, the national statistics service of Georgia, foreign direct investments (FDI) in the first quarter of 2018 were 279.3 million USD, down 32.9% compared to preliminary indicators from the first quarter of 2017. According to Geostat, the downturn emerged after several enterprises changed ownership to …

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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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