Economy

Government Sells 69 Properties as part of 100 Investment Offers for Business

The government of Georgia has sold 69 properties of 120 ones as part of “The 100 Investment Offers for Business” privatization program, the 2019-2020 government’s report reads. The document was submitted to the parliament.

Vakhtang Butskhrikidze: The Rise of Economy will Start at a Fast Pace

According to TBC Capital, the economic decline will be 4.5% this year.

Minister of Economy and Sustainable Development and Chairman of Ajara Government paid a visit to the Shuakhevi HPP

Minister of Economy and Sustainable Development of Georgia Natia Turnava and the Chairman of Ajara Government Tornike Rizhvadze paid a visit to the Shuakhevi Hydropower Plant.

Bank of Georgia launches partnership with Visa, Soplidan.ge and Farmers' Association to Support Farmers

Bank of Georgia continues to support local entrepreneurs and farmers and is launching a campaign with Visa, soplidan.ge, and the Farmers' Association.

Vienna Insurance Group Financing the Development of a Covid-19 Medication

Vienna Insurance Group has provided large-scale funding to the Austrian biotech company Apeiron Biologics AG, which is working on a COVID-19 drug.

GEL 2 Million Invested in Road Bridge Construction in Gardabani Municipality

MDF and the Ministry of Regional Development and Infrastructure are implementing the project for road bridge construction over Lochini.

Quarantine Spaces Arranged at 85 Hotels Saving more than 2,500 Job Places

More than 2,500 people have retained their jobs as a result of the creation of quarantine spaces.

Government Transfers 200-GEL Assistance to 72,175 Fired Citizens

As noted by Georgian Prime Minister Giorgi Gakharia, the 200-GEL monthly unemployment allowance has been already transferred to 72,175 citizens of Georgia who were sacked amid the pandemic.

Annual Inflation in April Marked 6.9%

The 22.7% growth in potato prices has essentially affected the annual inflation rate in April.