EIB Allocates Additional 250 million EUR for Georgia’s Infrastructure Development

Maia Tskitishvli, Vice Prime Minister of Georgia and Minister of Infrastructure, and the Deputy Infrastructure Ministers have met with Vazil Hudak, vice president of European Investment Bank and other representatives of the Bank.

237.5 Thousand of Georgian Citizens are Unemployed

According to Geostat, in IV quarter 2018 year the unemployment rate increased by 0.1 percentage point compared to the previous quarter and equaled 12.3 percent.

Partnership Fund to Finance Poultry Farm in Kaspi with 1.5 million USD

Poultry farm construction works in the village of Metekhi, Kaspi municipality, will start in spring 2019. The farm will supply 250 tons of chicken meat to the market starting September 2019, LLC GLC director and founder Giorgi Verulashvili told BM.GE.

At this Stage we have Pension System Reform Regulations, but We do not See Specific Steps

The country has met the process of pension system reformation unprepared, Zurab Lalazashvili, a managing partner for BDO, noted. The pension agency must be staffed with qualified specialists to successfully implement the reforms, he said.

Visa-Free Agreement on ID Card Travel Between Ukraine and Georgia to Come into Force on March 1

Georgia and Ukraine have agreed to provide their citizens the opportunity to travel between the two countries without a passport, only using ID-cards that contain a contactless electronic carrier. The agreement will be effective from March 1, 2019.

GALT & TAGGART Forecats $3,6 Billion Income from Tourism Sector

According to GALT & TAGGART’s prediction, Georgia’s income from tourism will amount to $ 3.6 billion in 2019.

Georgia-Hong Kong Free Trade Agreement Becomes Effective

Free Trade Agreement between Georgia and Hong Kong became effective from February 13 this year.