Foreign Investors Show Interest in Mimino Airport Telavi
A foreign investor has expressed interest to launch international flights from Mimino airport, Sergo Tepnadze, principal of Aviation University told BM.Ge
Fiscal Stimulus Moderated in June
Growth of tax revenues accelerated to 13.2% YoY mostly on the back of higher VAT (+17.6% YoY), profit tax (+68.8% YoY) and property tax revenues (+15.7% YoY).
Georgian Railway's Revenue Decreased by 3.3% to $167 Million Last Year
GR’s revenue in 2018 decreased 3.3% y/y to US$ 167.5mn. Significant reduction in freight transportation and logistics service revenues dragged the positive trends in other revenue streams.
Deputy Economy Minister on GEL Rate: No Grounds for Alarm
Deputy Economy Minister Nikoloz Alavidze noted that the current macroeconomic parameters give no grounds for alarm.
How USA-China Economic War Affects Developing Countries of Asia and Georgia
The globalization era has boosted production at unbelievable paces.
EBRD to Finance Procurement of Buses for Georgian Regional Centers
The proceeds of the loan to Georgia for the benefit of secondary cities, which might include Kutaisi, Gori, Telavi, Zugdidi, Rustavi and Poti, will finance approximately 100 units of modern diesel (Euro 5) buses.
Successful Rural Development Projects Launched and Equipment Delivered in Tetritskaro
On 26 July 2019, the launch event of the Adventure-Rope Park and Algeti National Park Visitor’s Center was held along with the official hand-over of equipment to successful grant applicants.
Azerbaijan, Turkey and Georgia Start Cooperation in Hazelnut Production
Every year, economic and trade relations between Azerbaijan, Georgia and Turkey diversify and cover new areas.
Georgian Companies Lose 900 million GEL at London Stock Exchange
At London Stock Exchange (LSE) the capitalization of four Georgian companies (Bank of Georgia, Georgian Capital, Georgian Healthcare Group and TBC Bank) declined by 254 million GBP (900 million GEL) for one week, according to the Galt&Taggart indicators.