2 Million GEL to be Spent on Solar Power Plants
Government of Georgia has decided to spend 2 million Georgian Lari to install the solar power plants in the inhabited areas with no electricity.
Georgia will receive about USD 40 million from IMF
Georgia will receive about USD 40 million from the International Monetary Fund, – said Mercedes Vera-Martin, the head of the mission of International Monetary Fund (IMF).
Eastern Partnership Ministerial to be held in Brussels
In connection with the 10th anniversary of Eastern Partnership (EaP) ministerial opens in Brussels today.
Ten out of Fifteen Commercial Banks Found to have Declining Profits
The rate of profitability of the Georgian banking sector is declining. According to statistics published by the National Bank of Georgia (NBG), commercial banks received profits of 198,601,000 GEL.
Boosting Spatial, Social and Economic Mobility Crucial for Achieving Shared Prosperity in the South Caucasus, Says the World Bank
The notable improvements that the people of the South Caucasus have experienced are reflected in better living standards that allowed poverty to be reduced by half in the 12 years between 2005 and 2017.
EBRD Forecasts Georgia's GDP Growth of 4.5% this Year
EBRD has issued a new forecast for Georgia's GDP growth. The bank forecasts a 4.5% increase in Georgia's economic output in 2019.
Georgian International Arbitration Center (GIAC) held Meeting to Promote Professional Skills Development in Arbitration Sector
The event was organized by the International Arbitration Center (GIAC), where an important part of the arbitration proceedings - procedural conference, procedural issues resolution and their results were discussed.
Reasons Behind the Slowdown in the Imports of Main Products
In the first quarter of 2019, the period from January to March, Georgia’s imports made up 2 billion USD, down 4.7% year on year (-100 million USD).
Kakha Kaladze Presented New Green Color Municipal Buses
The Mayor of Tbilisi, Kakha Kaladze presented 10-meter municipal buses of MAN brand.