Economy

Natia Turnava Comments on WizzAir Leaving its Base in Georgia

WizzAir is not going anywhere, the company feels comfortable in Georgia, it continues to cooperate with the Georgian government and remains loyal to its customers, the citizens of Georgia.

Project: New HPPs with Over 5-megawatt Generation to Sell Electricity at Energy Exchange

New hydropower plants (HPPs) with more than 5-megawatt generation will sell electricity at the Energy Exchange and the Government will provide financial support to them, Deputy Economy Minister David Tvalabeishvili told reporters.

TAV Georgia Is Starting Batumi International Airport Extension Works

From 2021 Batumi international airport will provide services to 1 200 000 passengers annually. The airport extension has been necessitated by the increase of the passenger flow that in 2019 exceeded 600 000.

Tax Administration Process to Simplify for Taxpayers

The continuous process of refining the tax system is underway through the joint efforts of the government and the private sector.

Six Cities of Georgia to have 175 Brand New Buses

The Ministry of Infrastructure has purchased 175 buses for six cities.

Prime Minister: Enterprise Georgia Program Faces Technical Problems

The Enterprise Georgia program operates effectively, but there are certain technical difficulties, Prime Minster Giorgi Gakharia noted when delivering his speech at the parliament on June 26.

TBC Capital Presents Renewed, Third Study on COVID 19 Impact on Georgian Economy

TBC Capital has hosted an online conference to assess the impact of COVID 19 on the economy and business sectors.

Restrictions on Regular Air Traffic Extended until July 31

The restriction on the implementation of international regular air traffic has been extended to July 31, 2020 (31.07.20).

Austrian OMV Starts Oil and Gas Mining Works in Georgia

Austrian Oil Company OMW has decided to start oil and gas reconnaissance-extraction works. The corresponding contract with the Company will be signed soon.