Economy

EBRD to Allocate USD 40 Million for the Development of Energy Efficient Buildings in Georgia

The European Bank for Reconstruction and Development (EBRD) will allocate € 40 million to increase energy efficiency in Georgian buildings.

Georgia's Economy to Recover From COVID-19 Impact in 2021 with 4.5% Growth — ADB

Georgia will experience a substantial slowdown in 2020 due to the COVID-19 pandemic and lower oil prices.

Special Platform Created to Allow Citizens to Refuse to Pay Gas and Electricity Taxes

The electronic platform will be launched in several days, which will allow citizens, to indicate whether they want to use a government-based program or not, that subsidizes three months' taxes of gas and electricity. 

Maritime Transport Agency of Georgia - Cargo Transportation is Uninterrupted

Under conditions of the country-wide quarantine, Georgian seaports remain open, said Maritime Transport Agency of Georgia.

Goga Melikidze Appointed as Senior Investment Officer of Pension Agency

Goga Melikidze, the former head of Galt&Taggart brokerage department, has been appointed as senior investment officer of the Pension Agency.

Georgian Government to Subsidize Utility Bills

The Government of Georgia will subsidize utility bills of the families that consume electricity of less than 200 kw/h and natural gas of less than 200 cubic meters a month.

Drivers of Municipal Transport will Receive Salaries Despite the Ban

Despite the restrictions imposed on municipal transport, drivers will be reimbursed.

Georgia Launches two billion GEL Fund to Support the Economy

The Georgian government decided to allocate 2 billion GEL to support the country's economy.

Coronomic Crisis: When The Economy Is A Hostage To Medicine – OpEd

Threats posed by the global spread of the new COVID-19 swept through the modern world putting substantially new issues on the agenda.