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.
Ryanair to add 9 New Destinations from the Year 2020
Georgian party and Irish low-budget airline Ryanair formed an Agreement on Cooperation.
Trade Balance Improved as a Result of Continued Growth of Exports
According to the Geostat’s initial estimates exports of goods posted a strong 17.4% YoY growth in USD terms. Increase stood at 22.0 and 37.6% YoY when measured in EUR and GEL, respectively.