Georgian Beer Aneta to Enter Danish and Australian Markets in Autumn

Georgian beer brand Aneta will enter in Denmark and Australia in October this year.

Direct Flights of Kutaisi-Krakow Launched

First direct flight from Krakow in the direction of Kutaisi was made on an AIRBUS A321 aircraft, United Airports of Georgia (UAG) said. Most of the passengers were citizens of Poland.

Georgian Railway Increases Salaries to 11,000 Employees

For the category of employees whose salary does not exceed 1500 GEL, the salary is increased by 10%.

Inflation to Pick Up unless the GEL Strengthens

The estimated GEL REER remains around 12% below its medium term average, indicating a substantial undervaluation.

Electricity Consumption is Growing Faster than Generation in Georgia

Electricity consumption is growing faster than generation in Georgia.

EBRD To Finance Kvesheti-Kobi Road Project

Provision of a sovereign loan to Georgia to co-finance the construction of the Tskere-Kobi tunnel (EBRD Project), which forms part of the Kvesheti-Kobi road section (the Project), located on the Jinvali-Larsi Road (North-South Corridor). 

GDP Growth at 5.0% in June

According to the initial estimates of GeoStat, the real GDP growth stood at 5.0% YoY in June 2019. The growth averaged 4.9% YoY in the first six months of 2019.

Georgia and Iran Agree on Cargo Transportation Development

Georgia and Iran have achieved agreement on Persian Gulf-North transport corridor development. The information was released by land transport agency of Georgia.

Georgian Railway's Revenue Increased by GEL 32 Million in Six Months

During the 6 months of 2019 Georgian Railway revenues from freight traffic increased significantly.