Economy

New Station of Rompetrol Opened in Ortachala – KMG International Group Continues Extension of the Network within the Black Sea Region

Rompetrol opened a new gas station in Ortachala, on the nearby territory of Tbilisi Central Car Park.

Modern Solutions for the Pandemic Challenges in Agrifood Business

United Fresh gathered thousands of fresh food buyers, exporters, and producers from all over the world in an innovative virtual trade fair.

“Beyond the Crisis: Clean Energy for Green Recovery and Growth” – EU and MoESD Launch EU Sustainable Energy Week Campaign

The EU in cooperation with the Ministry of Economy and Sustainable Development of Georgia is launching an EU Sustainable Energy Week Campaign under the slogan “Beyond the crisis: clean energy for green recovery and growth”.

Last Phase of Mziuri Park Rehabilitation Project Completed

The Ministry of Regional Development and Infrastructure of Georgia has completed the project for integrated rehabilitation-reconstruction of infrastructure damaged as a result of June 13, 2015 natural disaster.

Government to Subsidize the 2020 Vintage by 40 million GEL

Government of Georgia plans to subsidize Georgian winegrowers by 40 million GEL during the 2020 vintage, the document submitted by the National Wine Agency to the State Procurement Agency reads.

VAT Payments to State Budget Decline by 118 million GEL in May

The Finance Ministry Treasury has published the May 2020 budget fulfillment report. Under the document, VAT payments to the state budget in May declined by 118.2 million GEL (-37%) and amounted to 196.3 million GEL.

Shane Rosenthal: Georgia has a Unique Chance to Start a New Phase of Economic Growth

"In the process of gradual opening of economic activities, Georgia will be given a unique opportunity to start a new phase of economic growth, which will be more diverse and inclusive," - said Shane Rosenthal

Circle of Recipients of Compensation Expanded within Anti-Crisis Plan

The circle of employees who will get compensation has expanded even further - as part of an anti-crisis plan, the government has already amended the resolution.

Georgia’s Imports in January-May Period Marked $2.9 billion

In January-May 2020, Georgia’s imports in total foreign trade turnover marked $ 2.9 billion, down 17% year on year.