Economy

Wizz Air Remains Georgian Air Market Leader

Wizz Air airline maintains a leading position on the Georgia air market. The low-cost airline obtained the mentioned status in 2018 and maintained the title with a 16% ratio in 2019 too.

SkyUp Airlines to Operate from Odessa to Tbilisi from May 28

Ukrainian low-cost airline SkyUp Airlines is starting to operate from Odessa to Tbilisi. The airline explains that for Odessa the Georgian capital is already the eighth destination for the company.

Agreement Signed on Constructing Final Section of Rikoti Pass Motorway

The Road Department has signed an agreement on constructing the final fourth section of Rikoti Pass motorway.

Koba Gvenetadze to participate in Annual Forum Euromoney

On January 14-15, Koba Gvenetadze, director of National Bank of Georgia, participated in Euromoney Forum, which is the world’s leading organizer of events for capital markets and investment professionals.

Levan Karanadze to Discuss Future Projects with Natia Turnava

As director of aviation agency of Georgia, Levan Karanadze declared on the meeting of discussing future projects headed by Natia Turnava, on the aviation market Georgia has 32 travelings, and among them 30 foreign and 3 cargo airline.

Container Traffic Increased at Georgian Ports by 42.7%

In 2019, container traffic at Georgian ports increased by 42.7% - in particular, Batumi and Poti ports handled 647,812 containers.

World Bank Reduced Georgia's Economic Growth Forecast to 4.3%

As for Georgia, according to the new forecast, by 2020 the World Bank forecasts 4.3% growth of the Georgian economy, which is 0.5 percentage points lower than the previous assessment.

Money Transfers from Abroad Hit 1.73 billion USD

Money transfers from abroad in 2019 made up 1.73 billion USD (over 4.99 billion GEL), up 9.7% compared to the same period of 2018.

Top Ten Products Georgia Buys from Iran

Ceramic tiles, tubes, oil bitumen – this is a shortlist of products that Georgia imports from Iran.