Georgia to Borrow 180 million EUR

Georgia plans to borrow 120 million EUR from the Reconstruction Credit Bank of Germany (KfW). Moreover, the European Bank will also allocate a grant component of 2 million EUR.

Disputable Labor Code

In the coming amendments to the Labor Code, there are various considerations about why the business sector demands the opportunity to appraise the impact

OPIC Invested $50 mln in New Pace Terminal in Poti Port

The US Government’s Overseas Private Investment Corporation (OPIC) invested $ 50 million in New Pace Terminal in Poti Port.

ADB Appoints New Country Director for Georgia

The Asian Development Bank (ADB) has appointed Mr. Shane Rosenthal as its new Country Director for Georgia. He joined ADB’s Georgia Resident Mission on 25 September. 

Economy Minister Explains Why Abastumani is Separated from Iliauni

According to the government resolution N475, the independent research astrophysical observatory will be separated from Ilia State University and the observatory will be transformed into independent legal entity of public law.

EBRD Approves $60 Million for Kvesheti-Kobi Project

The European Bank for Reconstruction and Development (EBRD) approved  $ 60 million financial resources to co-finance the construction of a 9km tunnel located on the Jinvali-Larsi Road (North-South Corridor).

Pension Contributions Exceeded GEL 387 Million

As of September 30, the amount of pension contributions exceeded GEL 387 million.

Gurjaani Recreational Park and Square Rehabilitation Works have Begun

The Municipal Development Fund of the Ministry of Regional Development and Infrastructure of Georgia has commenced Gurjaani recreational park and square rehabilitation works.  

Tbilisi Budget to Rise to 200 million GEL in 2020

According to the 2020 budget bill, the capital city funding will essentially rise. The 2019 municipal budget constituted 1.79 billion GEL and this amount has created preconditions for implementing a lot of important projects,