Economy

EUROCONTROL- The number of flights in Georgia Decreased by 83%

According to EUROCONTROL, 4803 flights were operated in the European airspace on May 6 (Wednesday).

EU and UNDP help Georgia’s Rural Regions During COVID-19 Crisis

On 7 May, the EU and the United Nations Development Programme (UNDP) launched a grant programme amounting to over €2.5 million.

IMF: State Budget of Georgia will Grow to 16.2 billion GEL in 2020

The International Monetary Fund (IMF) has published the revised parameters of the state budget of Georgia, under which the 2020 state budget will amount to 16.26 billion GEL, up 1.8 billion GEL year on year.

Israeli-Georgian Chamber of Commerce to Launch in Tbilisi and Tel Aviv

Israeli embassy in Georgia has announced the imminent launching of the Israel-Georgia Chamber of Commerce (CoC) both in Tel Aviv and Tbilisi.

Bevrili Group Delivers 6,000 Tons of Wheat to Poti Seaport

Bevrili Group has transported 6,000 tons of wheat to Poti Seaport. The company plans to increase this reserve by additional 12,000 tons.

Georgian Airways and Armenia Aircompany have Become Members of ERA

Georgian Airways and Armenia Aircompany have become members of ERA. As reported by Georgian Airways, ERA currently unites more than 50 airlines and more than 150 associate members of the aviation industry.

Government to Restrict Investment Activity of Partnership Fund

The Government of Georgia plans to implement the conditions agreed with the International Monetary Fund (IMF), under which all financial activities of Partnership Fund, excluding the ingoing projects, will be zeroed.

SOCAR: Major Companies Failed to Timely React to Price Collapse on International Market

Global oil prices have shrunk three times amid the global pandemic.

Starting Price of the Courts at Former Hippodrome will be About 5 million GEL

The initial cost of the courts will be about 5 million GEL.