Economy

Georgian Citizens Spent 93 Million GEL on Shopping Abroad in 3 Months

In the first quarter of 2019, Georgian citizens spent GEL 359.4 million on trips abroad, of which shopping accounts for 26% or 93 million.

World Bank Approves $62 million loan to Georgia for the Energy Supply Reliability and Financial Recovery Project

The World Bank Board of Executive Directors approved today a US$ 62 million loan to Georgia for the Energy Supply Reliability and Financial Recovery Project.

China, Georgia pledge to enhance all-round cooperation under BRI

Georgian President Salome Zurabishvili said Friday that her country is ready to strengthen comprehensive cooperation with China.

Unemployment Declines by 1.2% in 2018

According to the final report by Geostat, the national statistics service of Georgia, the unemployment rate in 2019 shrank by 1.2%, to 12.7%.

Investment Value of New Projects in Adjara Reached 1 Billion GEL

Investment value of new projects of Adjara has reached 1 billion GEL - said the head of Adjara government, Tornike Rizhvadze.

Minister of Economy Appoints Zaza Dvalishvili as ESCO Director General

Minister of Economy Natgia Turnava has appointed Zaza Dvalishvili as an acting director general of ESCO (Electricity Market Operator).

Lufthansa Adds two Flights from Munich to Tbilisi

Deputy Minister of Economy and Sustainable Development, Nikoloz Alavidze held a meeting with the Deutsche Lufthansa Vice President of Sales, Stefan Kreuzpaintner. 

SkyUp airline to launch new flights from Kutaisi

Ukraine’s SkyUp airline will service flights from Kutaisi, from June 4. 

GNERC Introduces Changes to Water Consumption Tax Bill for Guesthouses

GNERC plans to introduce a new system of calculating water consumption tax for guesthouses, the commission chairperson Irina Milorava noted.