Economy

BDO Appraises Efficiency of Enterprise Georgia Program

BDO company has prepared a report on efficiency of financial accessibility and technical assistance components of the Enterprise Georgia program.

Russian Threats in Georgian Economy

Several days ago, government offices published statistical indicators, that, at a glance, seem encouraging. Namely, despite negative forecasts and swine flu, in January 2019, the tourist inflow to Georgia rose by 18% year on year.

Vazil Hudák: Priority Issue is to Attract Foreign Direct Investments to Georgia

Investment portfolio of the European Investment Bank in Georgia and the main priorities of the future cooperation were the topic of the conversation.

EIB Allocates Additional 250 million EUR for Georgia’s Infrastructure Development

Maia Tskitishvli, Vice Prime Minister of Georgia and Minister of Infrastructure, and the Deputy Infrastructure Ministers have met with Vazil Hudak, vice president of European Investment Bank and other representatives of the Bank.

237.5 Thousand of Georgian Citizens are Unemployed

According to Geostat, in IV quarter 2018 year the unemployment rate increased by 0.1 percentage point compared to the previous quarter and equaled 12.3 percent.

Partnership Fund to Finance Poultry Farm in Kaspi with 1.5 million USD

Poultry farm construction works in the village of Metekhi, Kaspi municipality, will start in spring 2019. The farm will supply 250 tons of chicken meat to the market starting September 2019, LLC GLC director and founder Giorgi Verulashvili told BM.GE.

At this Stage we have Pension System Reform Regulations, but We do not See Specific Steps

The country has met the process of pension system reformation unprepared, Zurab Lalazashvili, a managing partner for BDO, noted. The pension agency must be staffed with qualified specialists to successfully implement the reforms, he said.

Visa-Free Agreement on ID Card Travel Between Ukraine and Georgia to Come into Force on March 1

Georgia and Ukraine have agreed to provide their citizens the opportunity to travel between the two countries without a passport, only using ID-cards that contain a contactless electronic carrier. The agreement will be effective from March 1, 2019.

GALT & TAGGART Forecats $3,6 Billion Income from Tourism Sector

According to GALT & TAGGART’s prediction, Georgia’s income from tourism will amount to $ 3.6 billion in 2019.