Economy

ADB $100 Million Loan to Mitigate Adverse Health, Economic Impacts of COVID-19 in Georgia

ADB has approved a $100 million loan to help the Government of Georgia contain the spread of the novel coronavirus disease pandemic, mitigate the impact on businesses, and protect the livelihoods of the most vulnerable, including women and children.

Prime Minster: over 65,000 Companies Used to Operate amid State of Emergency

More than 65,000 companies were operating amid the state of emergency, Georgian Prime Minister Giorgi Gakharia noted when delivering his speech at the Parliament on May 27.

Government to Cut Budget Costs by 600 million GEL

Today we have the following budget parameters: budget revenues will shrink by about 1.8 billion GEL,

Gov't to Subsidise Mortgage Loans By the end of 2020

While presenting a report on coronavirus in the Parliament, Prime Minister of Georgia Giorgi Gakharia said: “a specific plan had already been created for developers and builders.”

Irina Milorava: We should Frequently Reiterate What We lose by Rejecting HPPs

As noted by Irina Milorava, head of the Energy Exchange, only wind and solar power development cannot balance the current energy deficit in the country.

Face Masks Produced in Georgia will be Exported

Medical products produced by ''New Technology Impex'' will be exported.

Largest Infrastructure Project - Road Modernization Projects at Rikoti Gorge Costs 1.6 Billiion

A 180 meter-long tunnel has been cut first time ever within the scope of road modernization at Rikoti Gorge and namely at Khevi-Ubisa segment, by Khevi Village.

The French Development Agency Allocates €190 million to Georgia to Support the COVID19 Pandemic Crisis Response Plan

On April 9, 2020, major international donors, including the French Development Agency (AFD), expressed their strong support for Georgia as it faces the health and economic effects of the COVID19 pandemic.

TAV Georgia will Start Expanding Batumi Airport in July

TAV Georgia will start expanding Batumi Airport in July - Tea Zakaradze, Deputy General Manager of TAV Georgia, the operator of Tbilisi and Batumi International Airports, said.