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.
ADB Approves $415 Million Loan to Improve Georgia's North–South Road Corridor
The Asian Development Bank (ADB) has approved a $415 million loan to Georgia to build a new highway.
EU to Allocate 1.75 million EUR to National Bank of Georgia
EU has launched a new project to strengthen efforts that the National Bank of Georgia will take in the fields of banking and payment services.