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,
Madeleine Albright: Poti Seaport Expansion Project Shows What Georgia and USA Can Jointly Achieve
Madeleine Albright, ex US Secretary of State and head of Albright Stonebridge Group, has published her letter regarding Poti Seaport expansion project.
Government to Collect at least 120 million GEL from Privatization in 2020
“We have realistic plans to collect 100 million GEL proceeds by the end of 2019 (from privatization). Consequently, we expect to collect 120-150 million GEL in 2020”, Minister of Economy Natia Turnava told the Business Course TV program.