Economy

IMF Staff Concludes Visit To Georgia

IMF led by Ms. Mercedes Vera-Martin, visited Tbilisi during September 11-17, 2019 to discuss recent economic and financial developments and progress with the structural reforms.

Azerbaijan and Georgia Parties Discuss Transport and Energy Projects of Global Importance

Director General of the Georgian Railway Davit Peradze paid a visit in Azerbaijan on September 17-18 with the Minister of Economy and Sustainable Development of Georgia Natia Turnava and her deputies.

Giorgi Gakharia: Principle of Bureaucratic Spending Reduction will be Strictly Controlled

The 2020 budget should be primarily focused on the citizen, – Prime Minister Giorgi Gakharia said at the government session.

New Owner of Wind Power Station to Pay 17.5 million USD to EBRD

29.7 million USD was spent on building a wind power station and the Government plans to sell the asset for 14.2 million USD.

Kartli Wind Power Station Put out for Auction

Kartli wind power station has put out for auction at 14.25 million USD. The public auction was announced by Georgian Energy Development Fund and Georgian Oil and Gas Corporation (GOGC).

Despite Real Attractiveness as an Investment Destination, Georgia Fails to Make Full Use of this Opportunity because of Political Turmoil

What is the economic reality of Georgia? Why are FDI inflows declining? What is the future of the national currency?

Electricity Imports Grow by 20%, Exports Decline by 59%

Electricity System Commercial Operator (ESCO) has published a final report for the month of August. According to this report, electricity imports in August made up 119.17 million kw/h and exports constituted 0.08 kw/h.

IMF Mission Deems Trend of Economic Indicators in Georgia to Be Positive

Discussions were related to the economic position of the country, performance of the Extended Fund Facility (EFF) and key fiscal indicators for 2020.

Anaklia Consortium Introduces 2 Major Investors

Anaklia Development Consortium abstains from commenting on confidential discussions that was held with the Ministry as part of the ordinary bilateral communication between the Parties. The Consortium has spread the following statement.