The State Oil Company of Azerbaijan (SOCAR) has loaded the first tanker with bitumen from its own oil terminal in Kulevi on Georgia’s Black Sea coastline.
The Road Department of the Ministry of Regional Development and Infrastructure has announced two tenders for building the Tbilisi-Sagarejo highway. The project comprises 3 lots and their total length is 35.2 kilometers.
Economy Minister: We Contracted Feasibility Studies of $277 million for Building 46 Energy Facilities
"We have contracted feasibility studies worth $277 million for building 46 hydropower plants, Georgian Economy Minister Natia Turnava noted when congratulating the Georgian energy sector professionals on the Energy Sector Day.
The Partnership Fund will be transformed into the Development Fund of Georgia and the new organization will be financed from the state budget.
Adjara’s Agro Service Center has been put out for auction. The starting price of the 100% stake is GEL 13.8 million.
The Government of Georgia plans to launch direct flights to Portugal. Negotiations are underway with Portuguese national air company TAP Air Portugal.
Galt & Taggart forecast that the inflation rate will further grow. As noted by Galt & Taggart economist Lasha Kavtaradze, in December 2021, the inflation rate will hit 14%.