Economy

19.5% of Georgians Under the Absolute Poverty Line

19.5% of Georgians are under the absolute poverty line, according to the 2019 data of Geostat.

Government to Purchase New Subway Cars for 60 Million Euros

The government plans to purchase new, modern-style subway cars.

Business Yards to be Arranged in Georgia to Change Practice of Timber Production

The National Forest Agency is changing the practice of timber production. Social cuts will be phased out, the agency will organize the production of timber, sorting and storage in the so-called "Working Yards."

Economy Minister: Microfinance Sector will Join Credit-Guarantee Mechanism

Microfinance organizations will also join the credit-guarantee mechanism, Georgian Economy Minster Natia Turnava noted.

25% of Customers Decide against Buying Real Estate amid COVID-19 Outbreak

25% of customers have changed the mind and decided against buying real estate amid COVID-19 pandemic.

New Mega Center for Building Materials Opened

"Encouraging local production is a basic of our economic policy, which is especially important in the post-crisis period,''-says Natia Turnava. 

Georgia to Launch Domestic Regular Flights from June 15

Georgian airline Ak-Air Georgia is renewing regular flights.

Tbilisi International Airport Prepared in Accordance with Epidemiological Safety Standarts

Natia Turnava, the Minister of Economy and Sustainable Development, got acquainted with the preparation works necessary for the restoration of flights at the Tbilisi International Airport.

GEL Strengthens to 3.07 Rate in 2 Days

Over the past week, the GEL exchange rate against USD has strengthened by 10 Tetri. After the June 2 trading session, 1USD amounted to 3.07 GEL, up from 3.1716, week on week, the National Bank of Georgia (NBG) reports.