Economy

Tbilisi to have Smart Public Transport System Starting Next Year

Smart public transport, upgraded wagons, 200 new buses, reduced waiting times, bicycle lanes - these are the announced changes in the transport policy of the Tbilisi Mayor.

Government Plans to Invest 100 MIillion GEL in Basketball

It is planned to invest 100 million GEL to develop basketball in Georgia and support the National Basketball Federation.

EBRD Allocates 75 Million Euros for Rehabilitation of Metro Tbilisi

EBRD has already decided to finance the Tbilisi Metro Rehabilitation Project in early 2020. The volume of the project is 75 million euros, or 267 million GEL.

TBC Capital: Economic growth will exceed 10% this year

According to preliminary data from Geostat, real GDP growth in October, as expected, compared to the previous year was 6.9%.

Inflation in Georgia Reached 12.5% in November

In November 2021 the Consumer Price Index increased by 0.6% compared to the previous month, while the annual inflation rate amounted to 12.5%, - according to the preliminary data from the National Statistics Office of Georgia.

Three Cities of Georgia Receive €30 000 Grant from EU4Culture

Zugdidi, Poti, and Kutaisi are three cities in Georgia that will receive a €30,000 grant from EU4Culture to support cultural development.

Government Increases Number of Spectators at Cinemas, Theatres, and Opera House

According to the decision made by Coordinating Council, the number of spectators in cinemas, theaters, and operas will increase from December 1st.

Clubs May Open from December 10-11

It has been 21 months since the clubs are closed due to the restrictions of COVID-19. The club industry has been negotiating with the government for several months now.

Total of $4 Million Has Been Invested in Georgia from France in 2021 - Geostat

On November 16, a delegation from the MEDEF International Association of French Entrepreneurs visited Georgia, during which the Prime Minister introduced French investors to the country's investment opportunities.