Economy

Bidding Announced on Construction of Animal Shelter in Gurjaani

Design works for Gurjaani animal shelter are already completed and bidding on civil works is announced.

Working on Bakuriani Urban Renovation Project and Strategic Plan of Transport Mobility Commenced

 The Municipal Development Fund of Georgia (MDF) has concluded the Contract for development of  Strategic Plan on Bakuriani Urban Renovation and Transport Mobility.

July so Strong Growth Despite Unfavorable Developments

According to the initial estimates of GeoStat, the real GDP growth strengthened to 6.1% YoY in July 2019. The growth averaged to 5.1% YoY in the first seven months of the year.

Why GEL Depreciates – Comments by National Bank President

Koba Gvenetadze, president of the National Bank of Georgia (NBG) has commented on reasons why GEL has deprecated over the past months. Negative expectations have driven the process mainly, he said.

Tbilisi City Hall to Buy 110 New Buses

Tbilisi City Hall plans to buy 110 new gas-engine buses, Tbilisi Mayor Kakha Kaladze noted at today’s government meeting. Tender will be announced in several days, Kaladze said.

Hydropower Production in Georgia Reduced by 17%

ISET has published its review on Georgian electricity market.

After Buckswood, BGEO Successor Takes over 80% Stake in Another Public School

After split in BGEO Group PLC investment group, Georgia Capital, one of its former companies and Tbilisi Green School have merged.

Pegasus Airlines to Perform Istanbul-Batumi Flights

Starting September 2019 Pegasus Airlines will perform Istanbul-Batumi flights.

Building of Three Wind Farm is Planned in 2020

As the Ministry of Economic and Sustainable Development reveals, at this moment, 4 different wind power stations are in the process of implementation.